How many miles per annum I am allowed to do in my new car or van?
Answer -
You pre-agree your mileage when you take out the leasing contract. The mileage bands range from 18,000 to 150,000 for the contract term and finance company conditions. If you exceed the pre-agreed mileage then an excess mileage charge will prevail. These figures will be provided on your quotation and official finance documentation. The excess mileage will be invoiced at the end of the car leasing contract and taken by Direct Debit.
Should I be extra cautious about how many miles I think I am going to do?
Answer -
This is entirely your choice, although we recommend that if you think you will cover approximately 12,000 miles per annum, go for that choice, rather than going for, say, 15 000 ‘to be on the safe side’. Remember, you will not receive a rebate if at the end of the contract if you are under your mileage limit, but you can amend your contract mid term if you are covering more mileage than anticipated. This is usually based on the factors that prepared the original contract price and avoids end of contract additional costs. In some cases it can still work out less to take a realistic lease contract and then pay the excess mileage if you go over the pre-agreed mileage – as the pence per mile can work out cheaper than the original higher mileage quotation.
Why does the monthly rental price increase with the number of miles I do?
Answer -
The way Funders calculate prices is directly related to the vehicle’s predicted future value – namely the Residual Value. For Example if the vehicle is worth £10,000 when new and you drive it for 3 years doing 15,000 miles per annum – the car may well be worth £6000 – therefore the depreciation is £4000 – your rentals will be based on that depreciated value. However if you cover more miles at the end of the contract your car will be worth less, and so the vehicle’s projected depreciation will be greater. Because the residual value is therefore lower your rental will increase to cover the difference.
I don’t have my own business; can I lease the car personally?
Answer -
Yes. You may still benefit from the same rates as our larger corporate clients and because of our ‘iPod Price Match Promise’ you will always be offered the most competitive rates in the marketplace.
Can I reclaim VAT on my contract hire payments?
Answer -
Simply the answer is Yes if you are a Business user and No if you are a Personal user. Business users who are VAT-registered can currently reclaim a minimum of 50% of the VAT payable on each contract hire payment. This is assuming that the vehicle will be used for both business and social use. You may be able to reclaim the whole amount of the monthly VAT if the vehicle is used solely for business use and your accountant will advise you on the best way for you. If you decide that you wish to have the contract maintained, then all business users who are VAT-registered can reclaim 100% of the VAT on each monthly rental. Private individuals are not able to reclaim any of the VAT on the monthly price. Recoverable VAT only applies to VAT-qualifying agreements such as Business Contract Hire and Finance Lease.
Can you help - I’ve just started my own company?
Answer -
Please call us on 08081 444546 to learn more about how we can help you. We have over 8 different Funding supplies and various Funding products to help you take delivery of your next vehicle.
Leasing Options prices seem very low, is there a catch?
Answer -
No, we pride ourselves on displaying over 11,000 highly competitive car and van rentals, our long-standing reputation within the leasing industry and our high levels of customer service at no extra cost to the customer.
I’m opting out of my company car scheme, what’s the best way forward?
Answer -
Please call us on 08081 444546 to learn more about how we can help you. We have over 8 different Funding supplies and various Funding products to help you take delivery of your next vehicle.
I’ve always bought my car, why should I lease one this time?
Answer -
Van or Car Leasing will provide you with the means to manage the vehicle’s projected depreciation over a fixed term, with complete peace of mind in knowing that during the term of the agreement you will pay a pre-agreed figure per month. At the end of the contract you will not be left with a vehicle facing negative equity or any concern about how to dispose of that vehicle. With car and van leasing, you will also be free from having to negotiate taxing part-exchange prices and values.
Why should I lease from you?
Answer -
Having been in the industry for 20 years – we are considered one if not the biggest van and car leasing broker in the UK. We are totally independent from all Funders and vehicle manufacturers therefore we can negotiate the best deal for you across our wide range of finance products and vehicle manufacturers. Due to our large buying power and financial collateral we are also able to purchase stock in large quantities which will ensure that we can offer you; our customers; the lowest rates in the market for a huge numbers of cars and vans. Furthermore being independent means that we can provide you with the most appropriate advice for you and or your business – it doesn’t matter to us whether you lease a small car, large 4X4 or a commercial vehicle – whatever is the best advise we will give it and you can be assured of our ultimate professionalism during the leasing application and post delivery process.
I can’t see the exact model I want to lease, what do I do?
Answer -
Please call us on 08081 444546 – we will be able to source any vehicle available within the UK presently.
Can I buy the car at the end of the agreement?
Answer -
This completely depends on the type of agreement you choose. Leasing Options has car leasing schemes that can provide you with a guaranteed price to purchase the car at the end of the lease contract.
How much do I need to put down?
Answer -
The amount of initial payment can; depending on the funding option; be tailored to meet your exact requirements. The majority of our rates are displayed with an initial payment of 3 monthly rentals in advance, but some of the offers require a slightly higher initial payment and we will advise you accordingly – please watch out as many of our competitors display higher initial rentals to make the monthly rental look cheaper, but don’t always advise!
Who funds the car?
Answer -
We provide quotations from a number of leading Funders specialising in the car and van leasing market place. Due to our independence from all Funders and Manufacturers, we will ensure that all our clients have the most competitive & market leading prices available – Please visit our iPod Price Match Promise to hear more.
Where can I take my car for servicing if I have taken a maintained contract?
Answer -
You are free to take your vehicle to any of the manufacturer’s approved UK-based dealerships and of course that could be your local dealership.
Does the price include insurance?
Answer -
No, please visit our insurance section for competitive car insurance quotations.
Do you supply used cars?
Answer -
On occasions we do however this is rare and will be obvious when looking at a vehicle on our site.
Do you take cars in part-exchange?
Answer -
Yes, we have our own Underwriting team who will provide you with a competitive price for your trade-in.
How soon can you get me a car?
Answer -
Depending on the vehicle, we can normally deliver within 10 working days from date of order. However during recent years vehicle manufacturers are not building cars to sit in compounds – ready for an available customer some time in the future. Vehicles now have longer delivery times due to factory orders – so please don’t wait as you could miss a vital vehicle production slot and have to settle for a less desired vehicle. Please contact us 08081 444546 to discuss the delivery time for your new vehicle.