Car Leasing Finance options explained
Personal Contract Hire
Personal Contract Hire (PCH) has been specifically designed for people opting out of a company car scheme or joining a new company that provides a company car allowance, instead of a company car. A PCH contract includes road fund licence and, if required, service and maintenance. Rental periods typically vary between 24 and 48 months, there is no large initial payment to be made as deposits are usually equivalent to 3 or 6 months rental. At the end of a contract the vehicle is returned to the lender at the agreed contract mileage with no final or balloon payment to be made. If the mileage on the vehicle at the end of the contract is higher than the contracted mileage then there will be an excess mileage charge to pay. This is typically 5p - 10p per mile.
Personal Contract Purchase
Purchase Personal contract purchase (PCP) is available to everyone, subject to status. PCP provides a new or used vehicle for a pre-determined period, normally 24 - 48 months. Like contract hire the contract has a low initial payment, usually 3 monthly payments, followed by fixed payments for an agreed period with an agreed mileage. At the end of the contract period there is a guaranteed future value that you have the option of paying to take ownership of the vehicle, or you can hand back the car to the finance company without penalty.
Hire purchase is a simple, straightforward way to spread the cost of buying a new car. It is fixed rate finance - with a fixed monthly payment. The deposit you pay is flexible - from as little as £99. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months). There
are also 0% deposit offers
available for certain cars and 0% deposit finance
for most cars, subject to approval.
Lease Purchase is essentially Hire Purchase with a balloon payment at the end of the contract. Lease Purchase offers lower monthly payments than normal hire purchase. Instead, at the end of the agreement, you can make a final lump sum payment (or 'balloon') to own your car.
It's fixed rate finance - but with a lower fixed monthly outlay since you defer repayment of some of the borrowing. At the end of the agreement options include car purchase, refinance, part exchange or resale. The deposit you pay is flexible - from as little as £99. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months) plus a final balloon payment.
Contract hire is a vehicle leasing contract for sole traders, partnerships, limited companies and PLCs. The Hirer benefits by paying a single fixed rental each month. This includes road fund licence in most cases and, if required, service and maintenance. Rental periods typically vary between 18 and 48 months, there is no large initial payment to be made as deposits are usually equivalent to 3 or 6 months rental. VAT is payable on rentals but is partially reclaimable by VAT registered businesses. At the end of a contract the vehicle is returned to the lender at the agreed contract mileage with no final or balloon payment to be made. If the mileage on the vehicle at the end of the contract is higher than the contracted mileage then there will be an excess mileage charge to pay. This is typically 5p - 10p per mile. For details of Finance Lease & Contract Purchase please contact this office.
Finance lease is a financing option available to businesses only. It allows payment of the entire cost of the vehicle over the life of the contract with or without a final 'balloon' payment. At the end of the agreed term and after the balloon payment (if applicable) has been paid, you can either, continue to use the vehicle by paying an annual 'peppercorn' rental or, sell the vehicle to a third party and retain 98% of the proceeds of sale. The remaining 2% must be paid to the finance company. This type of finance is often attractive to the building and construction industry as there is no damage re-charge at the end of the contract and no mileage restrictions although a higher mileage will affect the residual
value if the contract incorporates a 'balloon' payment. Contact us for further details.
Non Status/Sub Prime Contracts
These are available for new start companies and businesses or individuals that have experienced credit problems in the past. Initial payments are typically 6 times the monthly rental.
Sale And Leaseback
If your company already has vehicles that have been purchased in the past, we can arrange for a finance company to buy the vehicles off you to give a capital injection to the business. The vehicles would then be leased back to you at competitive rates. This would be subject to age, mileage and value of the vehicles concerned.
What is car leasing in a nutshell?
As mentioned in many sections of our car leasing forum, car leasing is like hiring a car, the car registration will be in your name, you insure the car like any other car and look after it like as if it was yours to keep. The car technically is not yours to sell, not until you pay it off totally which would be at the end of the lease period.
We call this the balloon payment.
The main difference from hiring and leasing, before the end date is due to return the car
with leasing you
have to buy the car, you have the option to give the car back,
or walk away
and pay nothing more. Most people prefer to give it back and lease another car. This way you always avoid buying the car and paying the balloon payment, but just keep leasing it.
If there is equity in the car you
leased because either you kept it in a fairly good condition, drove less miles
than you stated or it hasn't depreciated as expected, then you will have extra money to put
down as a deposit for your next car lease.
Pick a couple of cars you like - keep your options open and how much money you want to spend per month on the car inc the vat.
Choose any car deal the best deals are listed on the right side of this page, in the ex demo or 0% deposit section, then request a free quotation.
If you really want to save even more money, take a look at the used car section and newly new cars where you can save more than 50% off manufacturer list prices.
Fill in a proposal form for business or personal contract hire leasing.
Get accepted for contract hire finance. Accept a short or long term contract hire lease order.
Complete posted documents and send them back to the company.
Take delivery of car lease at home or business address, or you can come over to our partners' showrooms and pick up the car, have a coffee or tea and meet the team.
Application Approved &
We aim to give a
decision on all of our lease applications within the same day of receiving
it. We keep you posted at all time.
Some deals require a small deposit or
initial rental taken to secure the vehicle
Once this is taken, you can sit back knowing that your vehicle is
secured and ready for delivery.
Documentation emailed or
posted to you. This is your choice
as we can either email the documentation, or post them out to your
home or work address in the UK.
Your vehicle is
delivered directly to you Thatís
it! Sit back and wait for your vehicle to arrive. Plus if you want
to hand the car back for another new car in the middle or end of the end of the
lease, that can be arranged too.
We are Time for Leasing
like to thank all our friends and customers that
contribute to this genuine car leasing motor group forum and help other car
enthusiasts find the right car and the right deal that
suites their budget and life style.
never being a better time to lease a car in the UK, specially when all motorists
are looking how to reduce their monthly costs.
Did you know over
2,000,000 cars were sold last year and 75% of them were leased on
Personal Contract Purchase agreements - PCP for short. That's 1,500,000 cars. So, you are not
alone. Car leasing is the future to cheap motoring.
we help people lease cars, what ever their profession. Our customers range from managers,
council workers, NHS staff, diplomatic personnel, supervisors, sales men and women, police officers, doctors, nurses, pharmacists,
security officers, ambulance drivers, firemen, agency workers, hospital porters, retail assistants, retired,
technicians, housewives, self employed, contractors to lawyers.
Our vehicle suppliers and lenders offer affordable car leasing finance deals for directors,
school teachers, council workers to
taxi drivers and car instructors, engineers, stock
brokers, secretaries, couriers, builders, agents, executives,
hairdressers, personal trainers,
project managers, painters, care workers, administrators to shop owners and footballers.
Are you a new Business, an Individual, Contractor, Company Car Driver?
Anyone is considered as long as you have a
driving license and you are over 18 years old.
You can apply online
for any of the car leasing products using the links provided. We will be more
than happy to help you - just apply. Lately we
are getting applications and quote requests from hotel
receptionists, bar, pub and night club staff and a host
of other people from the hospitality industry like
waiters, waitresses, chefs, cooks, factory workers and
Why pay more
per month, when you can save
thousands of pounds every year by
leasing one of the
long term car rental
Below you will find the most popular
car leasing scheme examples for comparison.
no deposit car leasing is
reserved for specific ex demo cars
that require a minimum 24 months
lease. You cannot have a no deposit
(0%) car deal on a short term hire
period of 1 to 12 months.
We offer alternative car leasing to NHS, Mobility and Employee
Schemes. Our deals are far cheaper. Why pay more when you can lease direct with
if you are unemployed or retired?
long as you can prove you are able
to repay the car on a monthly basis then you can try to
lease a car. If you are on any sort
of government benefits for disability, tax credits, working tax credits plus child benefits,
they all add up to a healthy sum.
However, your outgoings must be less
so there is enough money to be able
to afford the monthly payment.