Personal & Business Car Leasing

Personal and business car leasing, also known as Business and Personal contract hire, is a great way to drive a brand new car every 2 to 5 years. View some of the benefits of leasing here.

In a lease agreement you agree a fixed-term contract with an agreed monthly rental for the use of the vehicle over an agreed period, your leasing contract could range from 2 to 5 years. An initial rental is usually paid at the start of the contract, this will can be equal to 1, 3, 6, 9 or 12 monthly payments. The larger your initial deposit the less your monthly payment will be but you will typically pay the same total sum over the lifetime of the contract. 

More Information On Car Leasing

How Does Car Leasing Work?

It’s simple really, when you lease a car or van you are long-term renting the vehicle for a fixed period of time at a fixed monthly payment. You pay an initial payment which is typically 1, 3, 6, 9 or 12 monthly payment upfront, this is usually taken 7-10 days after delivery of the vehicle with most funders but some funders do take this before delivery of the vehicle. You then pay your fixed monthly lease payment for the duration of the contract which can, if specified, include your maintenance costs at a fixed monthly cost. At the end of your lease you simply have the vehicle collected and hand the car or can back to the funder, no fuss.

It benefits customers wishing to eliminate the financial risk associated with disposing of a vehicle. Contracts are usually taken over two, three or four years, providing a high level of flexibility. Some contracts can be formally extended beyond the end of contract date if required. Just ask and we can answer any of your questions regarding extending your contract.

Personal Leasing, also know as Personal Contract Hire, is very similar to Business Contract Hire; both are based on a fixed annual mileage agreed on inception of a contract. You will need to decide how many miles you drive each year before quotations can be obtained. Once you have stated your mileage and considered which vehicle you would like to lease, a quote can be created for you by one of our sales team.

Regulations in regards to making mileage amendments after contracts are live vary from funder to funder, so it is always better to be as accurate as you can be. If you do exceed the agreed allowance at the end of your contract you will pay an excess mileage charge, which will have been agreed upon prior to signing the finance agreement.

Please remember this when deciding upon you annual mileage. If you are looking to have predictable motoring costs adding maintenance to your monthly payment is easy. Maintenance is there to put your mind at rest should any challenges arise with your vehicle and generally covers servicing, routine maintenance, tyres, exhausts and batteries.

Please note that it is the responsibility of the person named on the finance agreement to arrange and pay for fully comprehensive insurance for the vehicle. It is important that the vehicle is returned in accordance with the guidelines set out in the 'Fair Wear and Tear Guide', a copy of which is made available to customers when they are near the end of their PCH agreement.