Business car leasing with no deposit
While some companies offer business car leasing with no deposit, a car subscription from Drive Fuze offers a more flexible and affordable alternative for businesses looking to keep upfront costs to a minimum.
The benefits of business car leasing with no deposit
No-deposit business car leasing works in the same way as a standard car lease, except that rather than putting down a substantial deposit at the start of the contract, you spread the cost across the fixed monthly payments you make throughout the contract term.
Lease terms are usually around two to five years in duration, and the no-deposit option is likely to mean higher monthly payments. You’ll also be bound by the usual terms and conditions of a lease, such as mileage limits and maintenance responsibilities, which may entail penalties if you don’t stick to them.
With typical car lease deposits being in the region of three to nine months of rental or more, no-deposit business car leasing frees up cash for investing in other, more critical areas of your business. This can be particularly useful for start-ups with limited capital, or companies with cashflow issues.
As with standard car leases, you also avoid the worry of depreciation, as the leasing company remains the owner of the car. There are tax benefits, too, because lease payments are tax-deductible business expenses that you can offset against your tax bills.
Why is a car subscription better than business car leasing with no deposit?
While a no-deposit business car lease is a good choice for businesses wanting to avoid a large upfront payment, it’s not the only option. Car subscription is a model of car ‘usership’ growing in popularity thanks to the added convenience it offers over a standard lease.
A car subscription from Drive Fuze gives you access to a car on much more flexible terms than a traditional lease, with a month’s deposit being the only payment you make upfront. This will be refunded in full when you return the car, which you can do at any time on our standard rolling monthly subscriptions.
At Drive Fuze, we offer customised plans that tailor our standard car subscription to the needs of your business. You’ll have an extensive fleet of vehicles to choose from, including eco-friendly electric and hybrid vehicles, compact cars and luxury sedans, allowing you to select the best option for your business.
Even better, particularly if cash flow is an issue and you’re budgeting carefully, our car subscriptions are all-inclusive, meaning that you won’t need to plan how much you’re likely to spend each month on insurance, maintenance, breakdown cover and other running costs. You also won’t have any uncertainty over unexpected expenses, as repair costs are included in your monthly subscription fee. This makes the cost of a car fixed and predictable, making for both easy budgeting and easy fleet management – plus you can save money by giving the car back when you don’t need it, which avoids paying for an idle car.
Unlike a traditional car lease, our subscriptions give you the ability to change cars regularly, so you can always enjoy the latest car models (and the positive business image that goes with them) without the upfront expense of putting down large deposits.
Benefits
- Flexible and convenient - you won’t be tied into a lengthy contract – you can swap, upgrade or return the car whenever you like, no questions asked and no penalties to pay
- Predictable payments - our cost-effective monthly fee includes all your running costs, meaning you won’t have any surprises when it comes to budgeting.
- Competitive price - our affordable pricing structure brings you all the benefits of car ownership with none of the burdens, without sacrificing service or quality
- Outstanding support - our customer support team is always ready to help throughout your Drive Fuze car subscription, and they’ll even take care of parking fines on your behalf to take the admin off your hands
Experience freedom with a Drive Fuze subscription
Commitment free
A monthly rolling contract for no long-term obligation
Hassle free
Select your personalised package, when you want from wherever you want to
Shock free
Transparent fees and upfront warnings
A full range of vehicles
Choose from new, used petrol, diesel and electric cars
Delivery in 7 days
Guaranteed delivery within 7 days of order confirmation
Browse our vehicles
What’s included in your monthly package?
How can we help?
What is a car subscription?
Car subscriptions are growing more and more popular as an exciting alternative to traditional car ownership or PCP. All of the running costs are included, meaning you’ll never be caught out by unexpected payments. All you have to do is add the fuel and hit the road.
What's included in the Drive Fuze monthly subscription?
Along with your chosen vehicle, you will also benefit from:
- Service and maintenance
- Breakdown cover
- 1,000 miles per month as standard
- Fully comprehensive insurance
- Road tax
What's not included in the Drive Fuze monthly subscription?
The following items are not included in the Drive Fuze monthly subscription and would be subject to additional charges:
- Delivery and collection fees
- Fines or penalties that you receive during your subscription
- Damage outside of BVRLA Fair Wear and Tear guidelines
- Insurance excess in the event of an accident
- Fuel or EV charging
What are the upfront costs of a car subscription and how does the monthly payment work?
At point of ordering, we will take an initial payment which will include:
- An upfront monthly subscription - this is your refundable deposit
- The costs to deliver the vehicle
A breakdown of your initial payment will be presented when you order so you always know what your upfront costs are before you order.
On the day of delivery, we will take the monthly vehicle subscription fee in advance and then every month thereafter until the vehicle is returned.
When the vehicle is returned, we will return the refundable deposit to you less any charges for damages as outlined in your subscription agreement.
How do I sign up or order a vehicle?
You can sign up as part of the vehicle ordering process or sign up and be ready for when you find your perfect vehicle. To sign up without an order, simply click the sign-up button on the top right of our homepage and follow the steps.
To sign up as part of the ordering process, you will need your driving licence, a proof of address and a credit or debit card. To ensure you meet our eligibility criteria and to ensure you are getting the right subscription offer, we will use the data provided in your application to verify your eligibility from a variety of sources.
This includes credit reference agencies and other external organisations which will also help protect Drive Fuze from fraud. We will use this information to verify your identity and ensure the vehicle subscription payment is right for you. We will look for things like CCJs (county court judgements for debt), bankruptcies, insolvencies, and credit searches by debt collection agencies. With that information, we’ll be able to make an affordability assessment.
Though not a hard credit check, a record of our search will be left in your history, but it will not affect your credit rating.
Once you have submitted your driving licence and proof of address details, you will select the day of delivery and submit your credit or debit card details. You will be presented with a Subscription Agreement that outlines all of the conditions of subscription and then that completes the ordering process.
We will then check your documents against our eligibility criteria and notify you of the decision. Once approved, we will contact you to let you know your vehicle is on its way.
PLEASE NOTE: We will not take the initial payment until your eligibility checks have been approved. In the instance we are unable to offer you a vehicle subscription, no payments will be taken and we will contact you to notify you of the decision.
How does delivery work?
As part of the ordering process, you will select a date for your vehicle to be delivered. Our delivery driver will call you on the day of your delivery with an approximate time of arrival. Should anything change the anticipated delivery time, we’ll call to update you.
We’ll need the main subscriber to be present for the delivery of the vehicle. We’ll need to see your driving licence to verify your identity.
PLEASE NOTE: If the vehicle cannot be handed over to the main subscriber or in the event that the driving licence is not available or failure to be there when the car arrives will result in an aborted delivery and may be subject to an admin fee.
Will I need to check the car on delivery?
Prior to delivery, our team check every vehicle to ensure its ready for your monthly subscription. On the day of delivery, our driver will check the vehicle again as part of the handover process with you.
We suggest you also check the vehicle to make sure you’re happy with its condition. Should you notice any damage, you can let our driver know or report it to us by calling 0330 118 0947 or emailing subscriptions@drivefuze.com
What if I want to amend my delivery?
If you want to amend your delivery, call us on 0330 118 0947 and we will reschedule. If you want to amend within 48 hours of the original delivery date, you may be liable for the original cost of delivery.
What if I want to cancel my delivery?
At any point before the subscription start date, you can cancel the subscription. The Initial Payment paid in advance will be refunded (refunds can take up to 10 working days to appear in your bank account). We shall retain £100 as a cancellation charge to cover the vehicle administration costs. If you want to cancel, contact us by calling 0330 118 0947 or emailing subscriptions@drivefuze.com
