This section aims to answer a few questions you may have about vehicle leasing.
The benefit of leasing a vehicle, whether it be business or personal compared to purchasing outright, gives you peace of mind knowing that at the end of the contract there will be no depreciative value of the vehicle to worry about, therefore no negative equity. Also with leasing, the vehicle is collected by the finance company at the end of the contract, whereas if the vehicle is purchased there is the concern of how to dispose of the vehicle. In essence leasing is a risk free way of acquiring your next vehicle!
If you decide at the end of the contract that you would like to purchase the vehicle, this is possible depending on the type of lease you hold.
Whichever leasing package you decide is the best for you, there are a number of variables as to how a monthly figure is reached:
The vehicle does require to be serviced as per the manufacturers recommended guidelines throughout the contract period. This keeps the vehicle up to date for warranty cover, checks the vehicle is running how it should be and highlights any work that might need doing on the vehicle, warranty or otherwise. The service centre you choose must be manufacturer approved and this can be in any location you choose.
First Car Leasing can supply a quotation for a service and maintenance package if this is required, just request and we will be happy to oblige. This package includes:
All our prices for business users are supplied plus VAT. Those business users who are VAT registered can currently claim at least 50% of the VAT payable on each monthly finance payment. If the vehicle is used solely for business use the full amount may be claimed. First Car Leasing always recommends for those who are unsure to contact their accountant to confirm the advice given. For maintenance payments, the full amount of VAT can be claimed.
For personal contracts all quotations are supplied including VAT. There is no way for the VAT on a personal contract to be claimed.
Yes, we have a number of finance products which would suit those customers who have an allowance for a vehicle by the company they are employed by.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
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First Car Leasing
First Car Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 620033
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