It is incredibly important that you understand the finance options which CarLease UK offer before progressing any further with your enquiry. Depending on your individual circumstances, we may be able to offer a financial product which would be more beneficial to you.
Set out below are highlights of the financial products we can offer, including some of the advantages and disadvantages. If you have any specific queries, please do contact one of our account managers on 01942 608606 or email us at firstname.lastname@example.org
Car leasing is a generic term which is commonly used to describe a financial product known as Contract Hire (please be aware that “leasing” can sometimes describe other financial products so it is very important that you qualify when conducting any research). While contract hire was originally designed to benefit businesses, individuals too can now utilise contract hire as a means of operating their vehicles.
Personal Contract Hire (sometimes called “PCH”) is suitable for those individuals who wish to use a car for a designated period of time (24, 36, 48 or 60 months) and based on a predetermined amount of annual mileage (ranging from 5,000 to 50,000 miles per annum). However, it is crucial to note that PCH is not an ownership product.
Advantages of Personal Contract Hire
Personal Contract Purchase (PCP) is a financial product which can often be confused with Personal Contract Hire (PCH). Some individuals who are “leasing” their vehicle may actually be utilising a PCP contract. PCP is suitable for those individuals who do want an ownership based financial product.
A PCP arrangement presents a flexible means of running a car for a pre-determined time (a minimum 24 month term) on an agreed annual mileage (ranging from 5,000 to 50,000 miles) while having the opportunity to purchase the car for an agreed sum at the cessation of the contract. This final sum is described as a guaranteed future value or balloon payment. Alternatively, you can hand the vehicle back to the funder or seek to sell this in conjunction with a part exchange arrangement.
CarLease (UK) Ltd t/a CarLease UK, e-car lease and VanLease UK is Authorised and Regulated by the Financial
Conduct Authority – our Firm Reference Number (FRN) is 706617.
Carlease (UK) Ltd t/a CarLease UK, e-car lease, VanLease UK and School Minibus Leasing UK is a credit broker and not a lender and will introduce you to a limited number of finance providers which have been carefully selected by us - please note that we do not provide independent financial advice. The finance providers that we use may make payment to us if you elect to enter into an agreement with them. The amount we receive will affect what you pay for your vehicle. The commission received may or may not be capped in accordance with that finance company’s policy. We may also receive an extra amount based on how much business we provide to that finance company, the types of products you take from the finance company and the quality of our service. For Regulated Customers you can ask us about the payments we receive from the finance company so long as this is in good time before the agreement is made. Failure to maintain rentals may result in the vehicle being withdrawn (this may affect your credit).
All images on this website are for illustrative purposes only and may not reflect the actual vehicle which is delivered to you. All prices shown are subject to change at any time and are subject to credit status and vehicle availability.
FRN 706617 | BVRLA Membership No. 1471 | Data Protection Reg. ZA088399 | VAT No. 200422089 | Registered in England 09312506
Our Registered Office - Kings Business Centre, Warrington Road, Leigh, Greater Manchester, WN7 3XG
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CarLease (UK) Ltd work alongside the select finance companies:
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