Car
Leasing
Explained:
In a recent cheap car leasing
survey you asked us to answer
these questions:
Where do I
find Cheap Car
Leasing?, What is Contract
Hire? How does Personal Contract
Hire differ from Business Contract Hire?
What is Personal Contract Purchase (PCP)
and how does this work? Does car leasing
and van leasing work the same
way? If we lease a car through Cheap
UK Cars can you deliver throughout
the car leasing uk? If
you lease cars what happens at
the end of the car lease agreement?
Lastly you asked us: What should you
look out for when searching the
internet for car leasing
deals?
In response to
your questions we
have produced an in
depth car leasing
guide, just
for
you.
This is a jargon free
guide which is free of charge
and answers every car leasing
question you asked in the cheap car
leasing survey. Further to this we
will (for your benefit) summarise
the most frequently asked car
leasing questions right
here.
Before we start it is
important to know that car leasing is
available in many forms and is known by
many names. These names include: Cheap Car
Leasing?, Contract Hire (CH),
Personal Contract Hire (PCH), Business
Contract Hire (BCH) and Personal Contract
Purchase
(PCP).
Where do I find Cheap
Car Leasing? You have found
the most trusted and reliable car leasing
company on the internet. Cheap UK Cars
are as licensed as any franchised
dealer (We hold:FSA, Data Protection and
Consumer Credit Licences) and we have over
10 years Mercedes-Benz car leasing experience.
This means that your transactions are
protected and you will be dealing
with true Motor Trade
professionals.
What is Contract
Hire? Contract Hire is simply car
leasing. Car leasing in turn is one of the many
forms of vehicle finance available to you when
you purchase a new or used
car.
How does
Personal Contract Hire differ from
Business Contract Hire? Business
Contract is suited to business
customers as they are allowed to (if
vat registered and applicable) claim
back a portion of the vat paid on their
car leasing rentals. Personal
Contract Hire is suited
to individuals and vat cannot
be
reclaimed.
What is Personal
Contract Purchase (PCP) and how does this
work? This form of car
leasing is suited to individuals.
You lease the car for an agreed term
(usually between 24-60 months) and at the
end of the term you are given a choice
between handing the car back or financing
the Guaranteed Future Residual Value
(GFRV) and taking ownership of the
vehicle.
|