Call: 0118 920 5130 MON - FRI: 9AM - 8PM SAT: 10AM - 5PM
    
Frequently Asked Questions
  • I've always bought my car, why should I lease one?
     
  • Leasing or contract hire has always been a popular way of running a car for businesses, however, due to heavy depreciation and the unexpected repair costs associated with car ownership, more and more private individuals are looking at the option of leasing. Vehicle Leasing means you can drive a new car or van every 2 or 3 years, avoiding MOT's and unforeseen bills. You just hand the car back at the end of the contract and take out a new one, avoiding the hassle of having to sell your old car privately or the disappointment of low part exchange value. The added inclusion of manufactures warranty, road fund licence and breakdown cover gives you complete piece of mind.

  • I'm interested in leasing but I don't know anything about it. Can you advise me?
     
  • Leasing can be a cost-effective and hassle-free way to get behind the wheel of a new car or van.† Please refer to the guide section on our website https://www.selectcarleasing.co.uk/guide.html to find more about the many benefits of leasing a vehicle. Alternatively, feel free to call us and you'll find our team to be professional, efficient, friendly and non-pressurising.

  • Your prices seem very low, what's the catch?
     
  • There is no catch. By working closely with manufacturer's, large motor groups and the most prominent finance companies, our wealth of experience and commitment to volume enables us to negotiate the strongest vehicle discount terms. In addition to this we can select the most competitive finance option from one of our key finance partners. Put the two together and we arrive at the most competitive leasing rates in the industry.

  • I can't see the exact model I want to lease, what do I do?
     
  • We can offer highly competitive quotations on all makes and models and endeavour to always keep our website as up to date as possible. If you canít find your exact requirements, then please give us a call or email: info@selectcarleasing.co.uk.

  • Are the cars you supply brand new?
     
  • Yes, all the vehicles we supply are brand new unless stated otherwise. Sometimes there are particularly strong offers on pre-registered vehicles (registered by a certain date to attract extra manufacturer support) but these would still be regarded as brand new.

  • Where do the cars come from?
     
  • All our vehicles are sourced and supplied from a national network of franchised main dealers or approved prep centres. Delivery is free of charge to your place of work or home at a pre-arranged date to suit you.

  • Should I do this personally or through the business?
     
  • LTD companies, partnerships & sole trader businesses can lease a vehicle through the business, however, if you are a director of a limited company you may prefer to lease a car personally depending on the company car tax implications. Sole traders and small partnerships do not pay company car tax.

  • Can I buy the car at the end of the agreement?
     
  • Leasing is designed for changing your car after 2 or 3 years, however some finance companies do give you the option to purchase the car. If owning the car at the end of the contract is important to you, we can offer you a Personal Contract Purchase (PCP) which gives you the option to buy. However, this is not always as competitive as a Personal Contract hire agreement.

  • I'm opting out of my company car scheme, what's the best way forward?
     
  • We are a specialist broker and advise that when you know what allowance you can expect to receive, please familiarise yourself with the makes and models that interest you. When you have narrowed down your search to just a few vehicles, that's the time to call the office. We will always offer very knowledgeable and specialist advice on the best way forward.

  • Is there a price difference between Business & Personal Contract Hire rates?
     
  • In most cases, there is no difference in pricing between Business & Personal Contract Hire. There are a few exceptions where the most competitive rate on a certain vehicle will be with a finance company that only underwrite Business Contracts. In this instance, the best Personal rate will be offered with another finance company. All our Business Contract Hire rates are displayed exclusive of VAT while our personal contract hire rates will be VAT inclusive.

  • What do you mean by a 9+23 or 6+35 for example?
     
  • This is the payment profile. The first example would be for a 24-month contract where the initial rental is equivalent to 9 monthly rentals. This is then followed by 23 further monthly rentals. The second example is a 36-month contract where the initial rental is equivalent to 6 monthly rentals, followed by 35 further monthly rentals. These payment profiles can be adjusted to suit your personal circumstances but are usually multiples of 3 i.e. 3+, 6+, 9+. The higher initial rental, the lower the monthly payments and vice versa. Either way, the total amount payable over the term will be virtually the same.

  • How much do I need to put down?
     
  • The amount of initial or upfront payment can be tailored to meet your requirements and will be reflected in your monthly rentals. The higher the upfront payment made, the lower your monthly rental will become and vice versa. Most of our deals are structured with an initial payment which is equivalent to 9 monthly rentals but our website does allow you to adjust this to find the rate that best suits you. Alternatively, you can ask us for a specific quotation.

  • Why does the price increase with the number of miles I do?
     
  • The way the finance companies calculate their prices is heavily based on the vehicle's predicted future value. The more miles you cover will mean that at the end of the contract your car will be worth a lower price, and so the vehicle's projected depreciation will be greater.

  • How many miles per annum can I do in my new car?
     
  • We pre-agree your mileage when you take out the contract. Depending on the finance provider; the mileage bands can range from anywhere between 5,000 miles per annum to 50,000 miles per annum. If you exceed the pre-agreed mileage, then an excess mileage charge will apply. The figures will be provided on your quotation and official finance document.

  • Can I be overly cautious about how many miles I think I am going to do?
     
  • This is entirely up to you, although we recommend that if you think you will cover approximately 12,000 miles per annum, go for that choice, rather than going for 15,000 miles to be on the safe side. Remember, you will not receive a rebate if at the end of the contract you are under your mileage limit.

  • Why should I lease from you?
     
  • Because our experience and knowledge have helped us to forge strong, lasting relationships with dealers, manufacturers and the most prominent finance and leasing companies. Coupled with this, our commitment to volume allows us to negotiate maximum discount, enabling us to offer the lowest rates and some of the most competitive special offers in the market place. Having been established for over 12 years, we can offer you specialist and frank advice on all aspects of Leasing and Contract Hire. We pride ourselves on our customer service and invite feedback on independent review site TrustPilot where we are regarded as 'Excellent'.

  • Are there any restrictions to lease a vehicle?
     
  • Providing you have a full UK driving licence, can afford the monthly rental and have a good to excellent credit score, you can apply to lease a vehicle from the age of 18 with no upper age limit.

  • Does leasing a vehicle have any restrictions on driving abroad?
     
  • Dependent on the finance provider, you may be allowed to take the vehicle abroad for a specified period. Before arranging your trip, you will need to contact the finance provider to discuss your options. Along with the standard documentation, leased vehicle drivers will require a form VE103B. This is essentially authorisation from the finance provider which allows the driver to take the lease or hire car abroad. The VE103B will contain the details of the vehicle, name and address of the driver and gives permission from the finance provider for the driver to be using the car abroad. This is a legal document and acts as an alternative to the V5C. This form must be ordered in advance of your trip.

  • Can You Supply Business Fleets?
     
  • Yes, we do supply cars for business fleets. Whether a business is looking for an individual vehicle or a collection of different cars, our staff can help. Whilst the cars may be part of a fleet, they are treated as individual cars throughout the process. This means you have to choose a deposit, how long you wish to lease them for, and what the annual mileage allowance will be for each car.

  • Do You Charge Any Admin Fees? What Is Your Admin Fee For?
     
  • We charge a one-off admin fee that enables us to produce the relevant vehicle documentation, and reserve the vehicle in your name.

I've always bought my car, why should I lease one?

Leasing or contract hire has always been a popular way of running a car for businesses, however, due to heavy depreciation and the unexpected repair costs associated with car ownership, more and more private individuals are looking at the option of leasing. Vehicle Leasing means you can drive a new car or van every 2 or 3 years, avoiding MOT's and unforeseen bills. You just hand the car back at the end of the contract and take out a new one, avoiding the hassle of having to sell your old car privately or the disappointment of low part exchange value. The added inclusion of manufactures warranty, road fund licence and breakdown cover gives you complete piece of mind.

I'm interested in leasing but I don't know anything about it. Can you advise me?

Leasing can be a cost-effective and hassle-free way to get behind the wheel of a new car or van.† Please refer to the guide section on our website https://www.selectcarleasing.co.uk/guide.html to find more about the many benefits of leasing a vehicle. Alternatively, feel free to call us and you'll find our team to be professional, efficient, friendly and non-pressurising.

Your prices seem very low, what's the catch?

There is no catch. By working closely with manufacturer's, large motor groups and the most prominent finance companies, our wealth of experience and commitment to volume enables us to negotiate the strongest vehicle discount terms. In addition to this we can select the most competitive finance option from one of our key finance partners. Put the two together and we arrive at the most competitive leasing rates in the industry.

I can't see the exact model I want to lease, what do I do?

We can offer highly competitive quotations on all makes and models and endeavour to always keep our website as up to date as possible. If you canít find your exact requirements, then please give us a call or email: info@selectcarleasing.co.uk.

Are the cars you supply brand new?

Yes, all the vehicles we supply are brand new unless stated otherwise. Sometimes there are particularly strong offers on pre-registered vehicles (registered by a certain date to attract extra manufacturer support) but these would still be regarded as brand new.

Where do the cars come from?

All our vehicles are sourced and supplied from a national network of franchised main dealers or approved prep centres. Delivery is free of charge to your place of work or home at a pre-arranged date to suit you.

Should I do this personally or through the business?

LTD companies, partnerships & sole trader businesses can lease a vehicle through the business, however, if you are a director of a limited company you may prefer to lease a car personally depending on the company car tax implications. Sole traders and small partnerships do not pay company car tax.

Can I buy the car at the end of the agreement?

Leasing is designed for changing your car after 2 or 3 years, however some finance companies do give you the option to purchase the car. If owning the car at the end of the contract is important to you, we can offer you a Personal Contract Purchase (PCP) which gives you the option to buy. However, this is not always as competitive as a Personal Contract hire agreement.

I'm opting out of my company car scheme, what's the best way forward?

We are a specialist broker and advise that when you know what allowance you can expect to receive, please familiarise yourself with the makes and models that interest you. When you have narrowed down your search to just a few vehicles, that's the time to call the office. We will always offer very knowledgeable and specialist advice on the best way forward.

Is there a price difference between Business & Personal Contract Hire rates?

In most cases, there is no difference in pricing between Business & Personal Contract Hire. There are a few exceptions where the most competitive rate on a certain vehicle will be with a finance company that only underwrite Business Contracts. In this instance, the best Personal rate will be offered with another finance company. All our Business Contract Hire rates are displayed exclusive of VAT while our personal contract hire rates will be VAT inclusive.

What do you mean by a 9+23 or 6+35 for example?

This is the payment profile. The first example would be for a 24-month contract where the initial rental is equivalent to 9 monthly rentals. This is then followed by 23 further monthly rentals. The second example is a 36-month contract where the initial rental is equivalent to 6 monthly rentals, followed by 35 further monthly rentals. These payment profiles can be adjusted to suit your personal circumstances but are usually multiples of 3 i.e. 3+, 6+, 9+. The higher initial rental, the lower the monthly payments and vice versa. Either way, the total amount payable over the term will be virtually the same.

How much do I need to put down?

The amount of initial or upfront payment can be tailored to meet your requirements and will be reflected in your monthly rentals. The higher the upfront payment made, the lower your monthly rental will become and vice versa. Most of our deals are structured with an initial payment which is equivalent to 9 monthly rentals but our website does allow you to adjust this to find the rate that best suits you. Alternatively, you can ask us for a specific quotation.

Why does the price increase with the number of miles I do?

The way the finance companies calculate their prices is heavily based on the vehicle's predicted future value. The more miles you cover will mean that at the end of the contract your car will be worth a lower price, and so the vehicle's projected depreciation will be greater.

How many miles per annum can I do in my new car?

We pre-agree your mileage when you take out the contract. Depending on the finance provider; the mileage bands can range from anywhere between 5,000 miles per annum to 50,000 miles per annum. If you exceed the pre-agreed mileage, then an excess mileage charge will apply. The figures will be provided on your quotation and official finance document.

Can I be overly cautious about how many miles I think I am going to do?

This is entirely up to you, although we recommend that if you think you will cover approximately 12,000 miles per annum, go for that choice, rather than going for 15,000 miles to be on the safe side. Remember, you will not receive a rebate if at the end of the contract you are under your mileage limit.

Why should I lease from you?

Because our experience and knowledge have helped us to forge strong, lasting relationships with dealers, manufacturers and the most prominent finance and leasing companies. Coupled with this, our commitment to volume allows us to negotiate maximum discount, enabling us to offer the lowest rates and some of the most competitive special offers in the market place. Having been established for over 12 years, we can offer you specialist and frank advice on all aspects of Leasing and Contract Hire. We pride ourselves on our customer service and invite feedback on independent review site TrustPilot where we are regarded as 'Excellent'.

Are there any restrictions to lease a vehicle?

Providing you have a full UK driving licence, can afford the monthly rental and have a good to excellent credit score, you can apply to lease a vehicle from the age of 18 with no upper age limit.

Does leasing a vehicle have any restrictions on driving abroad?

Dependent on the finance provider, you may be allowed to take the vehicle abroad for a specified period. Before arranging your trip, you will need to contact the finance provider to discuss your options. Along with the standard documentation, leased vehicle drivers will require a form VE103B. This is essentially authorisation from the finance provider which allows the driver to take the lease or hire car abroad. The VE103B will contain the details of the vehicle, name and address of the driver and gives permission from the finance provider for the driver to be using the car abroad. This is a legal document and acts as an alternative to the V5C. This form must be ordered in advance of your trip.

Can You Supply Business Fleets?

Yes, we do supply cars for business fleets. Whether a business is looking for an individual vehicle or a collection of different cars, our staff can help. Whilst the cars may be part of a fleet, they are treated as individual cars throughout the process. This means you have to choose a deposit, how long you wish to lease them for, and what the annual mileage allowance will be for each car.

Do You Charge Any Admin Fees? What Is Your Admin Fee For?

We charge a one-off admin fee that enables us to produce the relevant vehicle documentation, and reserve the vehicle in your name.

 

Call us on: 0118 920 5130

 

Monday to Friday: 09:00 to 20:00    

Saturday: 10:00 to 17:00    

 Follow us on Facebook  Follow us on Twitter  Follow us on LinkedIn  Follow us on Google+

 

Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker not a lender. VAT Registration No 181 8746 74. ICO Registration ZA076253. Company Number 065690988. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA) No 1846.

 


Copyright 2016 Select Car Leasing. All Rights Reserved.

Key Partners
Proud Member Of:
Find us on social media

Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker and not a lender. VAT Registration No 181 874674. ICO Registration ZA076253. Company Number 06569098. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA), No 1846. Registered address: Atlantic House, Imperial Way, Reading, Berkshire, RG2 0TD

© Copyright 2017 Select Contracts UK Limited. All Rights Reserved.

^
Top