Toomey Leasing Group

For further information, please call on freephone 0800 458 0113 or email us.

• 2011 Fleet News FN50 position: 18/50 - fleet size: 12,992*
• 2010 Fleet News FN50 position: 20/50 - fleet size: 14,561*
• 2009 Fleet News FN50 position: 22/50 - fleet size: 15,429*

* source Fleet News, part of Bauer Automotive

About Toomey Leasing Group

Toomey Leasing Group is a fleet management and leasing company that is a subsidiary of Laindon Holdings Limited. It operates primarily as the leasing sector of the Toomey Group and was previously made up of five separate Toomey subsidiaries. A merger in January 2012 saw these groups combined into the single company that deals with all leasing and management enquiries – Toomey Leasing Group.

Toomey Leasing Group offer several leasing options catering for all market sectors ranging from individuals to large businesses. Here are a few outlined below:

Contract Hire

Contract Hire is your standard fixed lease service where the customer takes out a fleet for a predetermined contract period. Overall cost and payments are decided at the contract start and stay fixed through the entire lease period, with only a single monthly bill to worry about.  Depending on the vehicle’s CO2 rating, Toomey offers a monthly offset against corporate tax should your vehicle qualify. Less than 160g/km allows for 100% recovery, whilst more than 160g/km allows a recovery of 85%, with a 15% leasing disallowance.

Contract Purchase

Contract Purchase operates in much the same way as a standard Contract Hire Scheme, except at the contracts end the customer is given the opportunity to buy the fleet through a final ‘balloon payment’. For those who are not completely sure whether or not they wish to own the fleet after the contract period, Toomey also offers an ‘Option to Purchase’ amendment.

Finance Lease

Finance Lease again operates very similar to Contract Hire but with one key difference. At the end of the rental agreement, it is down to the business itself to sell the fleet, rather than Toomey. When disposing of the vehicle or fleet, Toomey uses a fully liquidated ‘on balance sheet’ facility where the risk or reward lies with the lessee. VAT is fully recoverable vs. standard Contract Hire schemes and there are no additional costs incurred for high mileage vehicles.

Personal Finance

Personal finance is a policy which is directly between the employee and Toomey, rather than the business itself. As it is done on an entirely personal basis, there is scope for individual tailoring of the contract. Customers can choose the mileage, deposit and contract length, which is then consolidated into a single, tailored package.
Toomey offer Personal Contract Purchase (PCP) as a Personal Finance method, which is essentially a Contract Purchase policy made directly between Toomey and the employee.

Employee Car Ownership (ECO)

An ECO scheme is essentially Contract Hire with a twist – the Employee owns the car for the contract period. Since the vehicle is classed as privately owned by the HMRC, the customer avoids any Benefit In Kind tax that the typical contract would give. They also avoid National Insurance payments as well. Toomey offer a net monthly budget to help fund your vehicle, as well as the framework and implementation needed to manage the fleet.

Daily Rental Schemes

Toomey also offers a competitive Daily Rental Scheme with free delivery and collection for addresses within a two mile radius of the rental locations. Their flexi-schemes start from three months and range all the way up to twelve, with over 40,000 vehicles to choose from.

As well as the Standard fleet funding schemes, Toomey also offers several fleet management services. Here are a few below:

• Fuelcard Management
• Accident Management
• Telematics
• Driver Management
• Mileage Capture Schemes

Toomey Leasing Group head office is located in Laindon, Basildon, SS15 6RW. If you wish to get in touch for more information, they can be contacted via the Basildon telephone number 01268 544077. Alternatively, you can email them at ‘basildon@toomeylease.com’. They also have several more offices located in Chester, Derby, Luton and Poole. To see any of these, visit the’ Contact Us’ section of their website at ‘http://www.toomeylease.com/contact-us/’.


Sources used:
http://www.toomeylease.com/
http://www.fleetnews.co.uk/news/2012/1/18/toomey-group-leasing-companies-join-forces/42182/
http://www.peugeotvehiclecontracts.co.uk/contract-hire-explained/
http://www.financeacar.co.uk/car-finance-options/business-contract-purchase
http://www.financeacar.co.uk/car-finance-options/finance-lease
http://www.lexautolease.co.uk/content/funding/ecos/default.aspx
http://www.finance4cars.co.uk/PCP_finance_explained.htm
http://www.freeindex.co.uk/profile(toomey-leasing-group-ltd)_421240.htm
 

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