Personal Leasing FAQ

1. What is Personal Contract Purchase?
2. What Lease periods do you offer?
3. What’s included in the Lease Package?
4. Do you offer a Full Maintenance Package?
5. What’s included in the Full Maintenance Package?
6. Do you offer Gap Insurance?
7. Who owns the car?
8. What car can I have?
9. How much deposit do you require?
10. Which cars are the best to go for?
11. Can I add accessories?
12. Where will the car come from?
13. What’s the process?
14. How do I pay?
15. Do you offer payment protection?
16. What motor insurance cover will I need?
17. What Happens at the end of the lease period?

1. What is Personal Contract Purchase?
Personal Contract Purchase (PCP) is ideal for private individuals wishing to lease a car and take advantage of the vehicle discounts usually only offered to large fleet customers. The finance a package allows you to drive a new or nearly new car for a set period of time, doing an agreed but flexible number of miles with the option to purchase at the end of the lease.

4. Do you offer a Full Maintenance Package?
Yes, not only do we offer a full maintenance package but it is the most comprehensive currently available in the UK ensuring complete worry free motoring.

5. What’s included in the Full Maintenance Package?

• Full Maintenance and Servicing Cover
• Unlimited Tyres, exhausts and batteries (subject to fair wear and tear)
• Free car collection, clean and return for routine servicing
• Road Tax for the full lease period

6. Do you offer Gap Insurance?

• No since the FSA changed its regulations in 2005 we opted not to offer insurance related products.
  

7. Who owns the car?
We own the car until you purchase the car at the end of the lease (should you choose to do so). If you want to own the car you pay the balloon payment at the end of the lease period and the car is yours. (The balloon payment is provided on all quotations).

8. What car can I have?

• We offer every make and model of vehicle currently available in the UK.

10. Which cars are best to go for?
It really depends on your needs. With this kind of scheme an important factor is how much the car will be worth at the end of the lease and the amount of discount we receive from the vehicle manufacturer. Keep an eye out for our special offers.

12. Where will the car come from?
We have our own network of reputable and reliable suppliers across the whole of the UK who supply vehicles at our agreed discounted prices. If however you would prefer for us to buy the car from your local dealer then this can be arranged.

13. What’s the Process?
Initially complete our website quote form to receive a quotation and application form. If you are happy with the figure quoted complete the application form and return to us for credit assessment. We then ask you to sign an order form for the car and we order it on your behalf from the chosen supplier. The paperwork is then posted to you for completion.

14. How do I pay?

• The deposit must be paid by cheque
• Monthly payments are made by direct debit.
• What happens if I leave work, etc?
  • You decide. You either continue as before or we can offer you a settlement figure.
• How much does it cost to settle an agreement early?
  • We look to see how much you have paid and have left to pay on your lease, Including the Balloon payment. This is made up of the loan you took plus the interest charged. We then refund the interest and the remainder is the settlement figure.

15. Do you offer payment protection?

• No since the FSA changed its regulations in 2005 we opted not to offer insurance related products.

16. What motor insurance cover will I need?
The vehicle must be insured with a fully comprehensive motoring policy.

17. What Happens at the end of the lease period?

You have a choice to make.

1. You can purchase the vehicle at the price agreed at the outset
2. We arrange collection of the vehicle
3. We collect the vehicle and supply you with another