It can be a bit of a nightmare trawling your way through pages of vans, minibuses and cars trying to find the perfect solution for your business, especially when comparing specifications from one to another.
We aim to make this process as easy as possible for you; all you need to do is fill out your requirements on the form above, or give us a call, then we will get in touch with options that suit your needs. From there an expert will talk through the pros and cons of all of them until you are happy that you have made the best possible choice.
Essentially, leasing means you can pick up a better vehicle with lower monthly payments than you would if you bought it on finance, or purchased it outright. This is because what you’re actually paying for is the depreciation of the car, as opposed to the car itself like you would if you paid on normal finance.
You can enjoy the benefits of improved safety and performance that a new vehicle provides along with the added advantage of no huge up-front fees for the duration of your lease arrangement.
When the lease period that you choose has ended, we'll collect the vehicle from you with no fuss or additional charges.
Here is how the process works.
- We work out a price based on the car you want, your annual mileage and the duration of your lease arrangement
- We do the hard work for you by filtering our huge array of choices down to only the ones that fit your needs. Our experts will be in touch to guide you through the process of choosing the best option
- You choose whether you want to include a maintenance plan in your contract – we really recommend that you do, it makes life a lot easier in the case that something goes wrong
- After paying your deposit, we'll deliver your vehicle direct to your business.
Here are the answers to our most common questions
Is leasing subject to VAT?
Yes, but in some cases businesses are able to claim back 100% of the VAT on the maintenance element of the contract should you choose to take it out.
How do you calculate the monthly rental?
It is based on the following:
1) The type of car – the more expensive the car, the more expensive the lease is.
2) Contract term – generally, a longer contract term means a lower monthly payment
3) Annual mileage – the more miles you do, the more you will need to pay
4) Whether or not you have chosen to add a maintenance package
Do I need to pay an initial deposit?
Yes, the market norm is to operate on the basis of 3 months payments in advance, you can also choose to pay 6 months in advance if you prefer. There are a few more complicated options, too, give us a call if you want some more in depth choices.
Can I part-exchange a current car as part of the deposit?
Yes, not many of our competitors do though, which gives you even more reasons to choose us for your lease!
Does my lease include insurance?
It doesn’t – you will need to arrange this separately.
What happens if I exceed my stated annual mileage?
You will receive a PPM or “Pence per Mile” charge, it is much better to avoid this if you can. You can call us to re-negotiate your annual mileage limit and in turn, your monthly payments at any time during your contract to make sure this doesn’t happen.
How do you supply the vehicle?
We deliver it to your door, free of charge, through a trusted UK dealer network.
Does the contract include Road Fund License?
Initially, yes. However the duration depends on the details of your contract.
Does the vehicle include a warranty?
As the vehicles we supply are all brand new (No more than delivery mileage) they all come with full UK manufactures warranty. For the most part this is 3 years, but some manufacturers offer 5 or 7.
What happens if the car needs service or maintenance work?
If you have added the maintenance option to your contract, all you need to do is get in touch on your dedicated number and it will all be taken care of for you. If you haven’t chosen maintenance – it must be arranged at your own discretion.
Is roadside assistance included?
Yes – either 12 months or 3 years breakdown recovery depending on the manufacturer of your car.
What happens if I need to end the lease early?
You can do it, but there is a fee involved – usually calculated on the basis of half of the remaining rentals.
Many companies and particularly SME’s, buy their vehicles – the reason for this is that either it is just the way in which it has always been done, or they take comfort and security in the fact that they own their own vehicle as opposed to renting one.
Admittedly, converting these businesses into the concept of leasing as opposed to buying isn’t usually an easy one, but in some cases, we can shift the old gears and direct them towards the new highway of leasing.
A great example of this is the owner of the van pictured above; Stephen. The first obstacle we had was to explain the advantages of a leasing agreement and persuade him into how it could really benefit his business, especially the concept of changing his vehicle after a fixed term every 3 years. As a joiner and a builder, his van is an essential tool and a valuable commodity to his business, therefore purchasing his vehicle from the local dealership has always seemed like the right decision – it made perfect sense for him to own it outright.
But when he thoroughly understood the ins’ and outs’ of a business leasing agreement, including the savings on VAT whilst eliminating another asset from his balance sheet – he warmed to the idea.
The second obstacle we had was price. As Stephen has always trusted his local dealership, he assumed their price would be much more competitive than a leasing arrangement. In actual fact, in showing Stephen the fleet discounts available to him, as well as the ability to add maintenance to his package, it was made clear that in choosing to lease the vehicle it would not only be cheaper but, and more importantly, it provided certainty of cost. In actual fact, he only had to fuel and insure his van.
So with not just the fact that leasing can offer some businesses a tax-efficient solution, it can also offer a more flexible and more cost certain solution which, in today’s uncertain economy, has to be huge comfort.