FAQs - Vehicle Finance.

FAQs – Vehicle Finance2021-10-06T18:05:00+01:00
What is Business Contract Hire?2021-10-08T17:42:58+01:00

Business Contract Hire

A simple and cost effective way to fund any number of vehicles. 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.

What is Personal Car Leasing?2021-10-08T17:43:25+01:00

Personal Contract Hire

As the name suggests Personal Contract Hire (also known as personal leasing) is simply contract hire but for individuals.
Personal Contract Hire (PCH) is based on a fixed term contract where customers pay an agreed monthly charge for the use of a vehicle for a previously agreed period.

How does vehicle leasing work?2021-10-08T17:43:57+01:00

How leasing works

A lease is essentially a long-term rental agreement, offering exclusive use of a car for a set period at a fixed monthly price.
As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.
The greatest cost of running any new car is depreciation, and many new cars will lose more than half their initial value after the first three years of ownership.

Leasing explained

Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.
Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.
Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease. Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.

Do you provide the car and the finance when I do a vehicle lease with you?2021-10-08T17:44:23+01:00
The simple answer to this is yes we do, we provide both. As we are not tied to any one vehicle showroom or finance company we are able to shop around on both elements to get the best price on both. This means you save money as opposed to going to a dealer direct.