Below you can find answers to our most commonly asked questions about personal leasing. Can’t find the answer you’re looking for? Head to the bottom of the page to leave a comment.
Yes, you may have heard of, or seen the terms, PCP and PCH:
- PCP (Personal Contract Purchase) gives you an option to buy the car at the end of the agreed time. This final figure can vary a lot from deal to deal.
- PCH (Personal Contract Hire) is where you only pay the agreed rental amount, without ever owning the car. This is the type of lease that we use because it usually makes it cheaper and gives you less hassle.
All of our leases include the following:
- UK mainland delivery
- Breakdown assistance and recovery
- A manufacturer’s warranty on any parts that need repairing or replacing
- Road Fund Licence (also known as ‘Road Tax’) for the length of the lease. PCP agreements usually only cover the first year, so this is one of the benefits of choosing us.
- Maintenance and servicing if you have chosen them as options.
- Vehicle insurance
- Maintenance and servicing if you have not chosen them as an option
- Replacement tyres (fair wear and tear)
- Home start, roadside assistance and recovery breakdown cover
- Exhaust and battery (fair wear and tear)
We recommend the services offered by Tootle for selling your current car.
Yes. As a responsible lender, we need to understand how affordable a lease is for you. We have to check your identity as well as your creditworthiness. The search we do will appear on your credit history and will be visible to other lenders if you make other applications.
This depends on how much you would like to pay, however the higher your initial payment, the lower your monthly rental will be.
You should make your payments on a monthly basis, as set out in your contract with us.
Most cars that are in stock will be delivered within 2 to 3 weeks. Cars that are being factory ordered specifically for you typically take between 12 to 16 weeks. We will always do our best to improve the delivery time for you where we can.
We will deliver your car to your home address.
You should choose a mileage that covers all of your driving needs. The amount of mileage you choose affects how much your lease will cost. If you know how many miles you cover in a year, this can be a useful starting point. If you don’t know how many miles you do in a year, you can find out by comparing the difference between mileages on your past MOT papers. You should choose carefully so that you do not exceed your agreed mileage. The mileage of a car has a big effect on its value, so we need to charge appropriately to cover this, which is detailed in your lease agreement.
If you are returning your vehicle at the end of your leasing agreement, you must do so with no more than ‘normal’ wear and tear. Each finance company provides its own guidelines as to what is acceptable wear and tear, based on the age and mileage of the vehicle. Exceed these guidelines and you will be liable to pay for the damages. For more information on wear and tear, see our wear and tear guide published by the BVRLA.