All your annual mileages are 10,000 miles per annum (mpa).
Do you offer other mileages?

Yes we do. All contracts can be calculated in increments of 500 miles up to a maximum of 40,000 miles per annum. This can vary depending upon whether the vehicle is a petrol or a diesel car and what the length of the contract is. Simply contact us and we will calculate the rental for the mileage you want on any vehicle.

What is a payment profile?

This is the pattern of the rental payable. 3 + 35 is a 3 year contract where the equivalent of three monthly rentals are paid at the start of the contract followed by 35 monthly rentals thereafter, the vehicle on lease would be returned in month 36. 3+ 23 is a 2 year contract. With the leased vehicle being returned in month 24. Other common profiles are 3 + 33, 3+21, 6 +35 etc. If you require a different contract profile from 3 + 35 please contact us.

What if I go over the annual mileage?

You will have to pay an excess mileage charge. For a typical family sized saloon this is generally around 4 or 5 pence per mile (ppm)

I have a part exchange, do you take them?

Yes we do.

How long does the process take?

That depends on a number of factors. The underwriting process to apply for finance generally takes 24 to 48 hours, but depends on your personal circumstances and whether the underwriter request further information from you.

Some special offer deals can also take longer because of the volume of cases going through, the more popular the offer the longer it can take. Once the deal has been accepted. Most cars are delivered between 10 and 15 working days. If the car you want to lease is not in stock and has to be factory ordered, it can take longer. We make every effort to speed up the process we do not receive our money until you get your car!

I have a part exchange, do you take them?

Yes we do.

How do I start the process?

The lease process is started by requesting an official quote. When you want to proceed, complete the forms and return them to us, we will then process your credit application. Once credit is approved, we will send you a confirmation of the acceptance and the terms that have been agreed.

We can then order your vehicle with one of our suppliers and obtain an approximate delivery date. If the vehicle you have ordered is not available from stock and the delivery date not acceptable, we will obtain details of alternatives for you to consider.

Documents will also be requested from the underwriters. These will be sent to you by post for you to check and raise any queries you may have. Once these have been received back by us, together wih your initial rental. We can then organise a definite delivery date.

How can I help speed up the process?

All underwriters now require proof of identity for everyone obtaining credit. This is normally obtained by a driving licence. It helps if this is supplied along with the credit application.

They also normally require proof that you live at the address given, this is normally done by providing copies of 2 utility bills, gas, electricity or water bill, dated within the last three months. Proof of ability to repay may also be required, company accounts or payslips, would help.

I have a poor credit rating or CCJs, can you help?
There are companies who can help. Theses are generally non status credit companies. We have access to these companies and with your agreement we will obtain a new quote from them for you

Can I terminate the contract early if I want to?

Yes. You may terminate the contract at any time before the due date but this may incur penalties. We would endeavour to keep any costs to a minimum. The industry norm is 50% of outstanding rentals. This is a guideline only.

Who is responsible for insuring the vehicle on a lease contract?

The vehicle must be insured by the user on a fully comprehensive basis.

Can I change the contract terms and mileage mid-term?

This is possible under certain types of lease hire contract. Advice will be given at the time of request.

Can I buy the vehicle at the end of the contract?

Yes you can. Personal Contract Purchase states the guarenteed future value of the vehicle on commencement of your contract. This is the amount you would have to pay to purchase the vehicle from the funder. If the vehicle has been financed as either a Personal Contract Hire or a Business Contract Hire then the purchase price would have to be requested from the funder direct.

Can the car I want to lease be supplied by my local dealer?

This is normally possible, we would have to speak to the dealer concerened to ensure he would be able to offer the necessary corporate rates to be able to supply you car.

Where do I take a contracted vehicle for servicing?

To a nominated garage local to you. Vehicles on lease and contract hire must be serviced by a dealer for the specific make of car on contract hire or personal lease. Other service stations can be used as long as they adhere to the current service requirements of you vehicle and they use manufacturer parts whilst servicing your car.

What happens if the vehicle breaks down?

If the vehicle is covered by a non-maintenance contract, breakdowns are normally covered under the manufacturers warranty. A vehicle that has been supplied with a maintenance contract would usually be supplied with full roadside assistance. A driver’s pack is provided with every vehicle on lease contract, which explains fully how to treat every type of vehicle breakdown.

What is Contract Hire?

A popular choice for VAT- registered companies that want minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included.

With this VAT- beneficial financing package, one regular rental payment costs of deprecation and disposal, for an agreed period of time and mileage. Road Fund License is included, but roadside rescue, maintenance and relief vehicle provision are options that can be added and charged to the rental payment.

What is Contract Purchase?

For companies with high value cars who would like the option to purchase the vehicle but don’t want any deprecation risks.

The customer acquires the vehicle by paying fixed monthly instalments with the asset being shown on the company balance sheet. At the end of the contract the car can either be retained by paying the balloon value or returned to the finance company.

What is Lease Purchase?

For non-VAT registered companies that want eventual ownership of the vehicle.

A funding agreement where the company acquires ownership when all the payments including the option to purchase, have been made. Part of the capital may be deferred into a “balloon” payment at the end of the agreement which equates to the anticipated market value of the vehicle at the end of the agreed leasing period.

What is Purchase and Leaseback?

For companies wishing to retain the use of vehicles, yet generate capital funding from their sale whilst transferring to a VAT- beneficial funding method.

If a company currently owns its vehicles, this option means the finance house will purchase the vehicles for an agreed price and lease then back using either contract hire of finance lease, according to customer preference.

What is Personal Leasing?

For private individuals who want a hassle free and cost effective way to finance and maintain a vehicle.

Consultation and assessments of your requirements may reveal that personal leasing is the ideal vehicle financing solution for your business and personal needs. Personal Leasing allows you to enjoy significant tax advantages and a choice of a new or used vehicle every tow or three years in return for a fixed monthly charge that is easy to budget for, was well as an all-inclusive (optional) maintenance and breakdown package.

What is Finance Leasing?

Ideal for VAT- registered companies who want to handle the administration of their vehicles. And have the asset shown on the balance sheet. A VAT- beneficial finance option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.

This is included for certain finance packages only.
Please call or email our offices to check.

Is the Road Fund Licence cost included?

This is included for certain finance packages only.
Please call or email our offices to check.

How does the Maintenance option work?

Maintenance is an additional cost and covers routine servicing and repairs, except bodywork repairs for the duration of the contract. Work is carried out at the dealer of you choice. It is your responsibility to ensure that the vehicle is maintained as specified by the manufacturer and that any repairs are carried out as soon as possible. Maintenances is available on certain funding methods only.

Breakdown cover

Most new vehicles have breakdown cover for the duration of the manufacturers warranty. If it doesn’t we can arrange cover through either the AA or RAC at an additional monthly charge. Breakdown cover is available on certain funding methods only.

What is a Relief Vehicle?

Most main dealers have courtesy vehicles available for when your vehicle is being serviced or repaired. A relief vehicle can be provided when a courtesy vehicle is not available and is an additional monthly cost depending on how quickly you need the relief vehicle to be available. This is only available on certain contracts.

What is GAP insurance?

If your vehicle is stolen or written off in an accident, there may be a shortfall between the value of the vehicle and the outstanding finance amount. In these circumstances GAP insurance would cover the difference.

Can I swap the vehicle I’m currently leasing for any other mid-term?

Yes. We can organise this for you, but the original contract must be terminated and therefore charges may apply.