FAQs
Frequently Asked Questions
1. Are there restrictions on annual mileage for leased cars?
When you start your leasing contract with Leasecar UK, you agree an estimate of your total mileage throughout the lease. If you
drive over the agreed mileage, you will incur an extra charge. However these fees are agreed with you in advance.
2. Who has responsibility for insuring leased vehicles?
When you lease a vehicle, it is entirely your responsibility to take care of the insurance.
3. Can I claim back VAT on leased cars?
The amount of VAT you can reclaim on your leased vehicle depends entirely on how much the car is used for business and how
much for personal use. You can only reclaim the VAT on business contract hire and lease finance contracts. We suggest you talk
to your accountant about the VAT and tax implications of your vehicle lease. You can usually only recover up to 50% of the VAT on
the finance, and 100% on maintenance. Private lease contract users are not allowed to reclaim the VAT.
4. Why do you do different deals for private and business lease?
Certain funders will only supply to certain criteria, i.e. Business only, Ltd Company only etc.
5. How can Leasecar UK. offer such low prices?
Leasecar UK. acquire thousands of cars and vans direct from the manufacturers every year. This immense buying power allows us
to pass on our low prices to you, the customer.
6. Why are there a range of different prices for the same vehicle?
More often than not, price differences between private and business car lease contracts are usually to do with VAT. Business rates
are shown exclusive of VAT, private lease is inclusive of VAT.
7. What are the maintenance implications of leasing a car?
It is your responsibility to ensure that the vehicle you lease is adequately maintained . Our prices do not include maintenance;
however we offer our own exclusive maintenance packages. Our maintenance packages include full servicing in line with the
manufacturer’s recommendations, replacement tyres as necessary, brakes, pads and all other serviceable items throughout the
contract.
8. Would it be more cost-effective to lease a car on a personal or business contract?
The answer to this question depends entirely on your VAT and Tax status. A business lease contract is designed with
VAT-registered businesses in mind.
9. What is the difference between all the lease finance packages available?
There are a number of different ways of conducting a car lease: essentially the difference between all our contracts is the flexibility
to retain the car at the end of the lease. You may want to keep your car at the end of the lease; you may want to return it; or you
may want the flexibility to decide later on in the contract.
10. What is reasonable wear and tear?
The exact definition will vary from finance company to finance company. It normally means reasonable wear and tear consistent
with the age and mileage of the vehicle. It will certainly exclude all damage both to the exterior and interior. Normally stone
chips less than 30mm and scratches less than 100mm are acceptable.
11. I can’t find the car I want on your website. What do I do?
At Leasecar UK we have deals with most vehicle manufacturers: if you are looking for a particular make and model of car, let us
know – we will find it for you!
12. Do you only lease cars to established businesses?
There are no guidelines as to who we lease cars to – although we normally deal with businesses who have been established for a
minimum of 2 years.
13. I used to have a company car, and now I’m opting out of the scheme. Can you help?
Yes, we are able to offer you car leasing on a personal basis.
14. What are the advantages of leasing a car?
There are many advantages to leasing a car instead of buying. Principally, if you lease a car for 3 years, you can then return it at the
end of the contract and lease another brand new car. Budgeting is easier as you can spread the payments over 2 to 4 years,
instead of paying all at once.
15. What if I change my mind about the type of contract I want?
The only aspect of a lease contract you can change once you are in possession of a vehicle is the mileage. You can change the
agreed mileage as long as there are 6 months left on the contract.
16. Does the lease cost include maintenance?
We do supply maintenance contracts, which we add to the cost of the contract. All the prices quotes on this site are exclusive
of maintenance, unless otherwise stated.
17. Do I need to pay a deposit?
When you lease a vehicle from us, a standard contract will require you to pay a deposit of three months up front. However our
contracts can be tailored to your specific needs. The rates quoted on this site are for our standard lease contracts: contact us to
discuss your needs.
18. Are all your cars brand new?
Yes, all cars supplied by Leasecar UK. are brand new UK Supplied vehicles – unless stated otherwise. That’s the beauty of leasing
your car: your vehicle is never more than 3 years old.
19. Can I take the vehicle abroad?
Yes, notification will have to be made to the funders/ ourselves first so as documents to take with you can be sent to yourselves.
20. Can I fit personalised number plates?
Yes, notification needs to be made and you have to incur the transfer costs. |
