The Jolly Group has launched a leasing division to complement its Jolly Good Vehicle Rentals business.

The leasing arm targets both retail and business customers, offering a range of vehicles on one to five year contracts.

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The funding options available include contract hire, personal contract purchase, hire purchase, finance lease and outright purchase.

The company said that fixed monthly payments start from £88 a month.

The Jolly Group operates its rental business, Jolly Good Vehicle Rentals, from eight UK locations. Mark Hughes, group managing director of the Jolly Group, believes the new launch will provide customers wanting a longer term solution access to a competitive range of vehicles.

Hughes said: "Jolly Good Vehicle Leasing complements our daily rental business and will be a great asset for our retail and business customers wanting a flexible method of funding vehicles for a longer period. Customers can use the leasing website to source and book vehicles or there is a dedicated leasing team which can offer information and take bookings over the telephone.

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"Leasing offers a great alternative to purchasing outright, customers can avoid vehicle depreciation costs and benefit from fixed monthly payments with a low initial deposit."