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Contract Hire and Car Leasing Handbook

WHAT IS CONTRACT HIRE AND CAR LEASING?

Many people still find the process of buying and selling cars unpalatable - your existing car is never worth what you thought it was and you never seem to get much off the list price of a new one. To add to this, running costs are impossible to predict and the thing always seems to land you with a large bill when you can least afford it.

Leaseline The Vehicle Leasing Specialists Ltd is a completely independent broker specialising in all aspects of vehicle funding.

Being selected partners of the leading contract hire and car leasing companies, we have authorised access to their exclusive offers and cheapest quotes. We also negotiate with the various manufacturers to obtain further volume discounts for specialised schemes.

We give you a huge advantage over dealing with a single contract hire company. Being 'Key Associates', we have access to each of their very best rates which we then compare to offer you the most competitive quote possible.

Many car dealers lose interest in their customers the minute they leave the showroom with their new car.

We believe in staying with our clients throughout their car’s life, so, if you need advice about servicing or warranties - or even your next new cars! - we’ll be there.

How to order a car?

We have an extensive list of the cheapest car leasing offers, these are the makes and models the manufacturers are heavily discounting, maybe to promote a new launch model or maybe they have too many of one kind. Whatever the reason the vehicles are brand new come with full manufacturer’s warranty and delivered to your door.

All our contracts, (unless otherwise stated) are inclusive of Road Tax for the complete term and Breakdown Cover.

Contract information

Contract Duration

Contract lengths vary. Most are for two years (24 months) duration; however some are for 1, or even four, years. This has been done to offer scheme members the choice between changing the car frequently or ensuring price protection for a longer period.

Payment

All payments are made by direct debit to the relevant finance company.

Contract Mileage

The contracts allow for a fixed annual mileage. This is normally 10,000 miles per annum, If the vehicle exceeds that mileage during the contract term, there is an ‘excess mileage’ charge, which varies from car to car. There is no credit if less than the contract mileage is covered. This charge is intended to reflect the impact of the incremental mileage on the second-hand value of the vehicle. All excess mileage charges are made at end-of-contract. contracts with a higher or lower mileage are available.

Servicing

The list of dealers supplied with the car will show the location of the most convenient local dealer. Simply telephone the garage and book the vehicle in, in the normal way. Some garages may offer a collection and delivery service or a courtesy car.

Breakdown Cover

The breakdown cover is included with most contracts.

How many vehicles can I have under the scheme?

In theory, there is no limit, though the scheme is subject to status.

End of contract

Re-ordering Vehicles

We will contact you approximately 4 to 8 weeks prior to termination date to arrange a new order if required.

Purchase of Vehicle at End of Lease

In most circumstances it is possible for you or a family member to purchase the vehicle due off contract.

Early Termination of Contracts

The contract is for a fixed period and early termination of vehicles will not normally be permitted. There may, however, be exceptional circumstances where early termination of a contract becomes necessary, such as serious financial difficulty, and a formula for this eventuality is to be found in the contract terms. We do from time to time get requests for shorter lease periods, so we can, where possible; endeavour to get someone to take over your contract if this happens.

Condition of Vehicle

You are responsible for the condition of the vehicle during the contract period. This will be determined by the condition report which must be signed by you on delivery and collection. Each vehicle should be returned in a condition ‘commensurate with its age and mileage’. Vehicles will be inspected for body damage, driver negligence and warranty infringements. Should expenditure be required for repairs such as dents, scratches or missing items, the cost will be invoiced to you for immediate payment, subject to the ‘Fair Wear and Tear’ conditions below.

General information

Travelling Abroad

If you are going abroad, you will need to give at least a months’ notice so that all necessary documentation can be forwarded to you. Please call us for further details.

Parking Fines

Parking fines should be paid immediately by following the payment instructions on the parking ticket. If this procedure is not followed, the lessor as owner of the vehicle will be required to pay, together with any late payment supplements. Such amounts will be recharged to you, together with an administration fee of about £20 (plus VAT).

Am I committed to further vehicles?

No. You can opt out of the scheme at the end of the initial agreement. You may then opt back in again at a future date if you wish.

Fair Wear and Tear’ Conditions

Interior

  • The vehicle instruction book, full service record and any other documents relating to the vehicle must be left intact and left in the vehicle upon collection.
  • If accessories, such as car telephones, radios or other standard equipment have been fitted and then removed, holes etc should be made good to a professional standard.
  • All standard equipment should be left in place.
  • A full set of keys should be in the vehicle and the return of the master key which controls the engine management system is mandatory.
  • Any non-standard security equipment should be left intact and fully operational. The interior of the vehicle should be clean and tidy with no burns, staining or damage.