Step 1: Choose the vehicle you would like to lease.

Balgores have access to any make and any model of car or van through our nationwide network of main dealer groups. So, if there is a car you fancy leasing we will be able to source it for you. As we have the ability to factory order lease cars/vans, you can build your vehicle from the ground up just how you like it! Our deals are available for both personal lease and business lease.

Step 2: Establish a credit line.

A lease is no different to any other finance agreement in the sense that Balgores require all customers to go through a credit check. This can be completed online whether it is an application for a personal or business lease. We will be unable to process any lease without a credit check and subsequent credit approval.

Step 3: Place your leasing order with Balgores

Once we have received confirmation of credit approval from the chosen lender, we will be able to generate your lease agreement and order form, also known as ‘the paperwork’ This is made up of several documents; one is our order form. Please read through this, checking that all of your personal details are correct, but most importantly the make, model, specification, colour and interior of your chosen lease vehicle are 100% correct. The order form will need to be signed and returned to us, once this form is completed, we will ask you to pay our broker fee of £150 + VAT if we are arranging a business contract hire or £180 including VAT for arranging a personal contract hire agreement.

Step 4: Your order is placed with one of our dealers.

Once in receipt of your signed order form, we will officially order your vehicle with one of our main dealers. Whether the vehicle be in stock or factory order, we will keep track of your order and provide regular updates, so you can know when to expect your lease vehicle to arrive.

Step 5: Sign your finance agreement.

This is the finance agreement paperwork. Depending on which finance company has been used, they maybe e-signature documents or in paper form to be signed by hand.

We may also require further proofs such as drivers licence and RECENT utility bill/bank statement, this is just for verification purposes. This process is also know as Know Your Customer.

Step 6: Cooling off period

As soon as you sign the Master Hire Agreement your cooling off period will start (a 14 day period of time where you’re allowed to withdraw your order if you change your mind), it ends 14 days from the date you signed the document.

NB: The cooling off period differs if you take out a business lease. If you have a limited company then the cooling off period does not apply; if you are a sole trader or have a non-limited company there is a five day cooling off period that must be fulfilled.

Step 7: Delivery of your lease vehicle.

Now for the most exciting part. Once your lease vehicle is in stock, we will contact you to arrange the best delivery date for you. We will always do our best to meet your delivery requirements. There is no additional cost to delivering your car as we offer free nationwide delivery on all of our leasing deals. If you would prefer to collect from the dealership, if close enough, please discuss this with us at the time of order and we will do our utmost to make this possible. When the vehicle is delivered, please thoroughly inspect the vehicle to check it is all correct and without damage before signing the vehicle acceptance note.

To conclude

There you have it, your step by step guide to taking out a fantastic leasing deal with Balgores. I am sure you would agree that it is pretty straight forward. Start finding your perfect lease by search through the manufacturers we have on our website. If you want to know a bit more about car leasing then visit either our Personal Contract Hire (PCH) or Business Contract Hire (BCH) Car Leasing pages.

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OVER 30 YEARS EXPERIENCE

We are Balgores, based in Romford, Essex. Our team of experts have worked in the car leasing sector for decades, building relationships with manufacturers across the globe to provide drivers with incredible leasing offers on any and every car.