Guide To Leasing
- 1Choose Your Car, Mileage, Term & Initial Payment If our website does not show the exact lease profile you require, please contact us to request your personalised quotation.
- 2Complete Your Order and Finance ApplicationWe will send you an order and finance proposal form for your requested vehicle and lease profile, along with all of the relevant terms and conditions.
- 3Finance Application We will submit your finance application to the relevant lease company. There will be three outcomes, Accepted, Declined, Further Information Required. It is only after we are able to obtain a finance acceptance that we can secure your new vehicle.
- 4Finance Documents We will produce and send you your finance documents. After signing your finance documents, you will enter into a 14 day cooling off period. Within these 14 days, you may cancel you finance agreement with no cost or ongoing commitments.
- 5Delivery Date Confirmation We will provide you with regular updates on your vehicle’s delivery schedule, and when able to do so, arrange a suitable delivery date.
- 6Delivery The car will be delivered to an address of your choosing, and you will be required to sign a handover sheet confirming that you are happy with the condition of the vehicle. Your lease agreement will only start once we have received confirmation that you are happy with the vehicle.
- 7Ongoing Support We will provide ongoing support through out your entire lease agreement, and will provide you with the very best offer when it is time to renew your current lease. We have also developed a referral scheme for our customers, rewarding you when you reward us with your recommendation.
Benefits of Leasing
We work hard to negotiate large discounts on the vehicles we offer for lease. Because you only pay the depreciation on these vehicles, you will hopefully find that leasing a vehicle gives much lower monthly payments when compared to other forms of vehicle finance. Please remember that you will not own the vehicle within a lease agreement.
Ever lease we offer will come with manufacturers warranty (which may also include breakdown cover) as well as your annual road tax. We will also provide you with a cost for adding maintenance to your lease, which will cover all servicing costs, as well as certain wear and tear items and replacement tyres. We work hard to negotiate strong discounts.
The risk of any depreciation is taken on by the finance company and not yourself. Regardless of future market conditions, you will only pay your fixed monthly rental.
Most lease agreements last for just a few years, allowing you to upgrade your car on a regular basis, and benefit from the ever improving technologies, safety and higher specification new cars generally offer over their predecessors.
You can opt for a lease that includes a manufacturer backed comprehensive warranty, maintenance package including replacement tyres and certain wear and tear items, annual road fund licence and roadside assistance. With all of these items consolidated within one fixed monthly rental amount, you know exactly what the cost of your motoring will be.
What You Need To Consider
If this is important to you, there are other finance products available such as a PCP (Personal Contract Purchase). Please speak to a member of our sales team to discuss this further
Your initial payment is part of the overall lease cost, and will not be returned to you at the end of the agreement. There is very little difference in the overall lease cost between a high and low initial rental agreement, our sales team can provide you with a number of different options ensuring you pick the lease that is right for you.
You lease agreement will be based upon on you completing a certain amount of miles per annum, giving a total contract mileage. This figure is selected by you and normally ranges between 5,000 - 30,000 miles per annum. For example, selecting 8,000 miles per annum over a 3 year contract will give a total mileage allowance of 24,000 miles. At the end of the contract you will be charged for any miles you have done over this amount. The cost of this vary between leasing company and vehicle, but a typical value is around 10 pence per mile. We will provide the exact cost of any excess mileage charges to you within your order and finance documentation.
Each lease company will have slightly different parameters to determine how they calculate an early termination amount. However, a high proportion of lease companies base this value on half of the remaining payments. For example, if you pay £200 per month for your lease, and would like to terminate you contract 1 year before the contractual end date, you will need to pay half of the remaining monthly repayments - 12 months divided by 2 = 6 monthly repayments of £200, giving a total figure of £1200. It is important that you enter into a lease agreement, with the understanding that you will both be able to make the monthly repayments, and the the vehicle will suit your requirements for the full length of the agreement.
If you have any other questions regarding your lease, please visit our frequently asked questions page, or contact a member of our team
You’ll pay company car tax (BIK) if you or your family use a company car privately, including for commuting.
You pay tax on the value to you of the company car, which depends on things like how much it would cost to buy and the type of fuel it uses.
This value of the car is reduced if:
- You have it part-time
- You pay something towards its cost
- It has low CO2 emissions
If your employer pays for fuel you use for personal journeys, you’ll pay tax on this separately.
To calculate how much tax you will have to pay, please click on the below link (Provided by HMRC):
All of our lease agreements will include:
- Free UK mainland delivery*
- Manufactures Warranty and Road Side Assistance
- Annual Road Tax
* For deliveries outside of the UK mainland and northern Scotland, a delivery charge may be applicable. Please speak to a member of our team for further information.
Your lease will not include the following items:
- Vehicle Insurance
- Maintenance & Servicing (We will provide you with a quotation for a full maintenance package separately)
If a vehicle is in stock, we can normally offer delivery within 14 days of completing your finance documentation. If your vehicle is not in stock, or if you require a bespoke factory order, we will keep you updated at every point of your vehicles build/delivery schedule.
An initial rental is paid to the lease company either on or shortly after your delivery. This amount forms part of your overall lease cost and is non-refundable. An initial rental is normally equivalent to 3,6 or 9 monthly rental amounts, however some lease companies will allow us to specify a set amount e.g. £1500. The higher initial rental amount you pay, the lower your regular monthly payments will be.
If your lease vehicle has been declared a ‘total loss’ – i.e. written off or stolen – you must inform us immediately. Your finance provider will be unable to provide a settlement figure until they have full written confirmation from your insurer confirming this total loss. Please note - Any shortfall between your vehicles market value and the outstanding settlement amount may be your responsibility to pay. Please contact our customer service team to discuss individual policies in further detail.
Your are able to terminate your lease agreement early, however there may be an early termination fee. Most lease companies base this value on 50% of the total amount of your remaining monthly payments, however this can vary from company to company. We will provide you with this information within your lease documents, however if you would like this information at the quotation stage please ask a member of our customer service team to clarify this for you.
All of our vehicles are supplied by manufacturer approved dealerships, and are built to UK specifications. We work hard to establish strong relationships with both our manufacturer and dealer partners, helping us to achieve great prices which we subsequently pass on to you.
In order to ensure stock availability or certain discount terms, some dealers/finance lenders pre-register vehicles before they are allocated to a customer. The term Pre-registered simply implies the car has been registered with the DVLA and is already in possession of number plate.
If a vehicle is pre-registered, you will be entitled to the balance of the manufacturer’s warranty and roadside assistance cover. In the event that the warranty expires within your lease period, you will be liable for any repairs or breakdown costs, unless a maintenance package is purchased as part of the contract, in which case repair costs may be covered subject to the maintenance terms and conditions.
Please note that for pre-registered vehicles sold with the balance of the manufacturer’s warranty, an MOT will be required (at the customer’s cost) 3 years from published taxation point, in line with UK law.
The initial rental is processed on the day of delivery, immediately after we have received your signed handover sheet. Your regular monthly payment is usually taken 1 month after your delivery date, however some finance providers allow for you to choose a particular date. Your finance documentation will detail all of your payment details.
Most finance providers will now have an automated credit acceptance facility. Depending on the strength of your credit profile, we may have a decision within 2 hours of submitting your application. If for any reason your application is unable to go through this automated process, we would expect a manual underwriting decision to be completed within 2 working days. During busy periods this can be extended to up to 5 working days.
Yes, in order to obtain a credit decision the finance company will need to complete a credit check. There are also other factors that the finance
Our finance application forms detail all of the information required in order to apply for credit. These forms differ depending on whether you are applying for a Personal* or Business* lease.
*Link to finance application forms.
Certain finance providers will allow the option of no initial rental amount. Our customer service team can discuss this with you in more detail, and provide you with a personalised quotation.
As you reach your contractual end date we will contact you to discuss the return of your car.
Your annual mileage allowance forms part of a total contract mileage. For example, 10,000 miles per annum over a 3 year contract, will give a total contract mileage of 30,000. At the end of your contract, upon returning your vehicle, the finance company will take a mileage reading and if the total amount is either on or below this amount, you will have no further amount to pay. If however you are over this amount, you will be charged an excess mileage amount as detailed on your finance document ion. Because your mileage is only calculated on the total contract mileage, it does not matter if your annual mileage fluctuates e.g. 12,000 miles in year 1, 8,000 miles in year 2, and 10,000 miles in year 3 giving a total of 30,000.
The majority of lease companies will allow you to drive your vehicle abroad for a set period time. You will however need to notify them of this, and will generally need to order VE103B before going on your trip. A VE103B form contains details of the vehicle, the name and address of the driver and gives permission from the finance provider for the driver to be using the car abroad. This is a legal document and acts as an alternative to the V5C.
Yes, a private number plate can be added to your lease vehicle. You will need to notify the DVLA that you would like to add your finance provider as a nominee for your registration plate. Once added, we can arrange for your number plate to be allocated to your new vehicle. For further information on how to complete this, please speak to one of our customer service team.
Each finance provider insists you service your vehicle in line with the manufacturer guidelines, using approved repair centres. It is very important that you therefore factor in these costs, over and above your regular monthly lease payment. Some of the items that may need completing include the following:
- Routine Servicing
- Replacement Tyres
- Brake Pads
- Wiper Blades
- Other wear and tear items
To make things as simple as possible we are able to offer a maintenance package, paid in fixed monthly instalments, that covers the cost of all of these items plus many more.
We are able to offer maintenance packages via your lease provider, and also by our specialist maintenance provider Autoserve.Download PDF