Personal Car Leasing
Here are just some of the benefits of leasing with The Vehicle Network when you choose to lease with us
- The ability to lease any car or van currently produced for the UK market.
- Clear contracts, with fixed monthly rentals.
- Road tax, breakdown cover, delivery and collection included.
- A range of maintenance options.
- No concerns about depreciation.
- Flexible terms – vehicles and packages to suit you, your lifestyle, and your budget.
Personal Contract Hire (PCH)
Personal Contract Hire (or Personal Leasing as it is commonly known) is rapidly growing in popularity, as it enables you to drive a brand new car which you can then update at regular intervals. We specialise in these agreements here at The Vehicle Network.
Personal Contract Hire is simply a long-term rental agreement where you pay a monthly fee to use a brand new car for an agreed time and number of miles. You can commonly choose between 2, 3 or 4 year agreements, with annual mileage between 5,000 and 40,000 miles.
Leasing also offers lower monthly payments than other forms of finance, with no worries about the car’s resale value. Leasing is now often the most cost-effective way of running a vehicle. Your new car or van will be covered by a warranty, often with road tax and breakdown cover included. You also have the option of a maintenance package, in which your maintenance and servicing costs will also be included. At the end of your contract, the vehicle is simply returned to the leasing company, allowing you to choose your next brand new vehicle.
Leasing is a great option if you want to run a new car every few years, and usually a better vehicle than you would normally be able to afford with other forms of finance, but do not want the commitment of having to buy it at the end of the arrangement. Leasing agreements usually require a smaller deposit than other finance arrangements and, because monthly payments are fixed, you know exactly how much you will spend from the outset.
Important Factors To Consider
We want you to have all the facts, so there are a few things to consider before deciding to lease a vehicle:
- Be aware that if you leave your lease agreement early you could incur some additional charges
- Any Additional mileage exceeding the agreed amount will be charged to the user at the end of the agreement, though often mileage can be adjusted mid-term if necessary.
- The car must be returned in good condition in line with a fair wear and tear policy. Road Tax is included within these agreements; but other packages such as maintenance and tyre cover are an additional cost, we will take you through these options, so you make an informed decision.
If you have questions, are unsure as to which vehicle or contract would be best for you, we are more than happy to answer your questions. Just contact us!
Insurance is not usually included with a lease agreement, so you will need to arrange the cover.
Yes you must have insurance for your leased car by law.
Comprehensive car insurance is required when leasing a car.
You need to arrange car insurance yourself.
Guaranteed asset protection (GAP) insurance covers the difference between your car’s purchase price and its current market value.
Guaranteed asset protection (GAP) insurance covers the difference between your car’s purchase price and its current market value.