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Frequently Asked Questions

A MOT is only required on any car after a three-year period. Therefore, unless your lease term exceeds a three-year period, you will not need to obtain a MOT certificate.

Unfortunately, insurance is not included. As every customer is different, ie age, area etc, therefore it is impossible to cost insurance in with the lease price. All lease cars must be insured comprehensively. If you would like a quote from our approved insurer please visit our insurance page.

Car leasing deals are usually calculated over a 2 or 3 year term. Deals are advertised as 3+23 or 3+35 contracts. The ‘3’ stands for 3 payments in advance, then +23 or +35 equates to the quantity of payments you will pay throughout the contract term. You will also see deals advertised for comparison on different payments profiles, for example 6+23 and 6+35; this allows our customers to see other options available. Some customers prefer to pay a higher payment at the front of the lease, which in turn reduces the monthly rental amount for the balance of the contract.

On both ‘business contract hire’ and ‘personal contract hire’ the finance company are the legal owner of the car on the V5 document. The finance company the lease is taken out with, will record the customer/business as the keeper of the vehicle on their internal records for the lease term. If you require further clarity on this question, please call one of our team and they will be happy to explain in more detail.

Every lease car contract gives an ‘excess mileage’ price, therefore should you exceed your agreed total mileage, any additional mileage would be charged at this rate. EG: Excess pence per mileage rate = 5p. 1000 miles over the total contract mileage would be charged at £50.00 + VAT = £60.00. The finance company will invoice you after your lease car is returned.

99% of car leasing offers are calculated on brand new cars, however some finance companies will process leasing contracts on cars up to 12 months old. All of the car leasing deals on our website are brand new UK vehicles, supplied via UK main dealerships, unless stated otherwise.

Road fund license is included for the full contract duration on 99% of deals. Please check the deal details associated with your deal of interest to ensure this is the case.

All brand new lease cars come with the standard manufacturer warranty supplied at main dealer level.

You can opt to include what is called a ‘maintenance package’ in with the price of your lease. This generally covers you for your annual car service and any wear and tear items which need replacing (excluding damage). Please check the full content of the package with the supplying dealer, as some maintenance packages may exclude tyres and/or exhausts.

Some finance companies or dealerships may charge an administration or document fee. Please check your quotation paperwork and ask your main dealer contact if you are unsure.

Mainland UK delivery is included. Some exceptions may be made for Electric Vehicles.

What is Business Contract Hire?

Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.

The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).

On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally ‘off balance sheet funding’ (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.