Frequently Asked Questions

Personal leasing, also known as personal contract hire (PCH), is a modern and convenient approach to accessing a vehicle without the complexities of ownership. In a personal leasing arrangement, an individual enters into a lease agreement with a leasing company, allowing them to drive a brand-new vehicle for a fixed period, typically two to four years.

The essence of personal leasing lies in simplicity. Instead of purchasing a vehicle outright, the individual pays fixed monthly lease payments covering the vehicle's depreciation during the agreed-upon term. This results in lower monthly costs compared to traditional auto loans, making personal leasing an affordable option.

One of the standout features of personal leasing is flexibility. At the end of the lease term, individuals have choices. They can return the vehicle and explore a new model, renew the lease for continued driving pleasure, or, if the leasing agreement permits, purchase the vehicle.

Moreover, personal leasing often includes benefits such as reduced maintenance costs, as leased vehicles are typically under warranty. This, coupled with access to the latest models, creates an appealing proposition for individuals who value convenience, affordability, and the joy of driving without the long-term commitment of ownership.

In essence, personal leasing puts individuals behind the wheel of a new vehicle, offering simplicity, flexibility, and a budget-friendly approach to enjoying the pleasures of driving in the ever-evolving automotive landscape.

Business leasing, commonly known as business contract hire (BCH), is a strategic and cost-effective method for companies to acquire vehicles without the burdens of ownership. In a business leasing arrangement, a company enters into a contract with a leasing provider, often referred to as the lessor, to use a vehicle for a set period, typically ranging from two to four years.

The core of business leasing lies in its practicality. Instead of tying up capital in vehicle ownership, businesses make fixed monthly lease payments covering the vehicle's depreciation, offering a predictable and streamlined budgeting process.

One key advantage of business leasing is the efficiency it brings to fleet management. For companies with multiple vehicles, leasing minimizes administrative complexities, as lessors often handle tasks such as maintenance, servicing, and, in some cases, even vehicle disposal. This allows businesses to focus on their core operations while ensuring a well-maintained and up-to-date fleet.

Business leasing provides tax advantages, as lease payments are often considered a business expense, contributing to reduced taxable income. This financial benefit, coupled with lower initial deposits compared to outright vehicle purchases, enables businesses to allocate resources strategically and enhance their overall financial stability.

In conclusion, business leasing emerges as a practical solution for companies seeking efficient and cost-effective mobility. Whether optimizing fleet management, enjoying tax advantages, or preserving capital for essential business needs, business leasing aligns with the dynamic requirements of modern enterprises, steering them toward a more streamlined and financially savvy approach to vehicle utilization.

Yes! Our leasing services prioritise convenience for our customers. We offer complimentary delivery of leased vehicles to locations across the UK mainland, whether it's your home or workplace. This means you can enjoy a seamless and hassle-free experience, receiving your chosen vehicle at a location that suits your needs.

When it comes to the end of your contract, for both contract hire and personal contract hire arrangements, the finance company will manage the collection of the vehicle. This process is typically straightforward, allowing you to return the leased vehicle without additional complexities. However, if you're considering purchasing the vehicle at the end of the contract, alternative arrangements can be made to facilitate a smooth transition from lease to ownership.

No! Insurance is not included within the price of your contract. By law, you are required to be fully comprehensive for any lease vehicle.

In most leasing agreements, the leasing company or finance provider will stipulate that the leased vehicle must have comprehensive insurance coverage throughout the lease term. Comprehensive insurance generally includes coverage for damages to the leased vehicle caused by accidents, theft, vandalism, and other specified perils.

The insurance requirement serves multiple purposes:

1. Protection for the Lender: The leasing company or finance provider has a financial interest in the leased vehicle. Comprehensive insurance helps protect their investment by ensuring that the vehicle is covered in case of damage or loss.

2. Compliance with Legal Requirements: In many jurisdictions, having at least a minimum level of auto insurance is a legal requirement. Comprehensive insurance often goes beyond the minimum and provides broader coverage, aligning with the leasing company's interest in protecting the vehicle.

3. Coverage for the Lessee: Comprehensive insurance benefits the lessee as well by providing financial protection in the event of an accident or other covered incidents. This coverage can help mitigate out-of-pocket expenses for repairs or replacement.

Lessees are responsible for arranging and maintaining the required insurance coverage for the leased vehicle. It's essential to carefully review the insurance requirements specified in the leasing agreement and ensure that the coverage meets the criteria set by the leasing company. Additionally, lessees may need to provide proof of insurance to the leasing company as part of the documentation process.

Personal Contract Hire (PCH) and Personal Contract Purchase (PCP) are two popular financing options, each offering distinct advantages for individuals seeking flexible ways to drive a vehicle without the commitment of ownership.

PCH, or personal leasing, is akin to renting a car for a fixed term, typically two to four years. Individuals make monthly payments covering the vehicle's depreciation. At the end of the lease, the car is returned, and lessees can choose a new model or opt for a purchase if allowed by the leasing agreement.

On the other hand, PCP involves a combination of monthly payments and a balloon payment at the end of the agreement, giving individuals the option to purchase the vehicle outright. PCP payments cover depreciation and interest, offering flexibility with choices at the end of the term: returning the car, buying it outright, or trading it for a new model.

The primary difference lies in ownership. PCH does not offer an option to buy the vehicle at the end, emphasizing flexibility and lower monthly costs. PCP, while featuring higher monthly payments, provides a potential path to ownership at the end of the term.

Both PCH and PCP cater to different preferences and financial situations. PCH prioritizes flexibility and lower costs, while PCP offers the prospect of ownership. Understanding these distinctions empowers individuals to choose the financing option that aligns with their unique preferences and lifestyle.

At the end of a leasing contract, you typically have several options to consider, depending on the type of lease you have. Here are the common choices:

1. Return the Vehicle: With most leasing agreements, you have the option to return the vehicle at the end of the lease term. This is a straightforward process, and you may be subject to end-of-lease inspections to assess any excess wear and tear or mileage overages.

2. Lease Renewal: If you've enjoyed the driving experience and want to continue with a similar arrangement, you can explore the option of renewing the lease. This involves entering into a new lease agreement, often with the possibility of selecting a new or updated model.

3. Purchase the Vehicle: Some leases offer the option to buy the leased vehicle at the end of the term. The purchase price is typically predetermined in the lease agreement, and it's often referred to as the "residual value." If you've grown attached to the vehicle or believe it offers good value, purchasing it can be a viable option.

4. Upgrade to a New Vehicle: If you enjoy having the latest models and technology, you might choose to return the current leased vehicle and enter into a new lease for a different or updated model. This allows you to regularly experience the latest features without the long-term commitment of ownership.

5. Explore Other Financing Options: If you've developed a strong attachment to the leased vehicle and wish to keep it, you may explore other financing options, such as securing a loan to purchase the vehicle outright. This option is common in Personal Contract Purchase (PCP) agreements.

6. Evaluate Your Mileage and Wear-and-Tear: Before making a decision, it's crucial to assess your mileage and the condition of the vehicle. Excess mileage or wear-and-tear beyond the agreed-upon limits may result in additional charges, so understanding and addressing these aspects is essential.

It's important to review the terms and conditions of your specific leasing agreement to fully understand your options and any associated costs. Consider your driving needs, budget, and preferences to make an informed decision about the best course of action at the end of your leasing contract.

In the event of a breakdown, most leased vehicles come equipped with at least 12 months of breakdown cover directly from the manufacturer. This coverage is designed to provide assistance in case of mechanical failures, flat tires, or other issues that may leave you stranded on the roadside. It acts as a safety net, ensuring that you have access to help when you need it the most.

It's noteworthy that the automotive industry has seen a positive shift towards enhancing customer support, with many manufacturers now offering an extended 3 years of breakdown cover as a complimentary service. This extended coverage often goes beyond the initial 12 months, providing lessees with additional peace of mind and support throughout a more extended period.

The breakdown cover typically includes services such as roadside assistance, recovery to a nearby garage, and, if necessary, transportation for the driver and passengers to their intended destination. This comprehensive support ensures that, in the unfortunate event of a breakdown, lessees are promptly and efficiently assisted, minimizing disruptions to their daily lives. Before embarking on a lease agreement, it's advisable to review the specific breakdown cover details outlined in the leasing agreement and inquire about any additional services or options available to further enhance your driving experience.