All Car Leasing

Business car leasing (BCH) is generally used for a business/company to rent a vehicle to be used by an employee or as a pool car. The lease agreement is in the name of the business. VAT registration is always advantageous as this type of car leasing would attract VAT and a percentage could be recoverable. Car leasing (PCH) however, is used for private individuals and partnerships, and therefore VAT would be included in all rentals and not recoverable. The lease agreement is in the name of the individual.

If your vehicle is funded via an operating lease, then VED for the duration of the contract is not included. Motor Insurance is not included and a comprehensive cover is required as a condition of the agreement.

Both car leasing and business car leasing include the same benefits. These benefits can include maintenance, tyres, and breakdown if selected and also include Vehicle Excise Duty or Road Fund Licence.

Normally, motor insurance is not part of the car leasing package, however, we do have a product that includes motor insurance, as part of the car lease.

At the end of the car leasing agreement, the finance company comes and picks up the car from you. As explained in our what is car leasing guide, ownership of the car is always with the finance company and there is no default option to purchase the car at the end, therefore the finance company is simply collecting their own vehicle back from you.

The finance company will send correspondence to you via email or letter with instructions on how the handover will happen this will include a suitable date and time as well as giving the notice to make sure the car has had a valet and any damage over fair wear and tear has been resolved (if it is not resolved a bill will be created after an inspection where you are present).

It is the leaseholder's responsibility to arrange collection of the car and it is not a service AllCarLeasing® provides.

What if I want to extend the contract?

If you are enjoying the car and don't want to give it back just yet then you will need to contact the company after 12 months of receiving it and they will more than likely sort it out then and there. Please note this is not a guaranteed event and they will take into consideration the condition of the car and any missed payments etc during the agreement.

The finance company is not obligated to extend your contract.

What if I want to buy the car?

If you enjoy the car and you want to become the owner, then again you will need to speak with the finance company to agree on a figure. Typically it will be in the form of a balloon payment at the end of the contract hire agreement. We always recommend assuming that the finance company will not want to sell the car to you at the end of the contract.

If the ownership of the vehicle is something you want then we would not recommend leasing but recommend PCP/HP/outright purchase/alternative finance instead.

Please note the finance company is not obligated to do this and it is at their discretion.

What if I want to cancel the contract?

Because we use various finance companies there is no set rule for all, it is always best to as your account manager when negotiating. However, a rule of thumb is that you won't be able to cancel in the first 12 months and after that period the charge is 50% of the total of the remaining rental. Please note, this differs from the finance company to finance company and it is always best to ask your account manager beforehand and the finance company during. For more information on cancelling your contract and your consumer rights, click here. 

Tommy Williamson
5 Star
Really pleased with the deal these guys got for me on my new motor, A+++
Wednesday 29th March 2017