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CAR LEASING,CONTRACT HIRE AND CAR FINANCE TERMS DEFINEDIf you don't know your Vehicle Leasing from your Contract Hire and terms like negative equity, guaranteed residual and buy back values are simply to much to consider, call Vehicle Alliance and let us guide you through the car leasing and contract hire maze. Guaranteed Future Residual Value (GFRV): This is the guaranteed buy back value of your leased car, at the end of its term. The finance company who you are leasing the car from agrees to buy the car back at the end of the agreement for the Guaranteed Future Residual Value (GFRV) which is also known as the Guaranteed Minimum Future Value (GMFV). These two terms are used within Personal Contract Purchase agreements. Balloon Payment: This is the residual value of the vehicle. A Balloon can be guaranteed or unguaranteed. If it is guaranteed it is called a Guaranteed Future Residual Value (GFRV) and the finance company agrees to buy the vehicle back at the agreed buy back price, if not you the buyer has to finance the balloon/residual and take ownership of the vehicle. Negative Equity:This is a situation where the car is worth less than the finance outstanding on it. Finance Company:The finance or leasing company are the ones who finance the vehicle. They typically retain ownership of the vehicle.
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Vehicle Alliance the home of contract hire and cheap car leasing are the UK's top provider of: Audi contact hire and car leasing / Alfa Romeo car leasing / Aston Martin lease cars / BMW Contract Hire / Chrysler contract hire and leasing / Didge car leasing / Citroen Cheap car leasing / Honda Buisness and Personal Contract Hire / Hyundai Business and Personal leasing / Personal Contract Purchase on all brands and models / Jaguar leasing / Jeep car leasing / Kia cheapest car leasing / Landrover car leasing speclialist / Mazda Personal and Business leasing / Mercedes-Benz leasing / Mini cheap car leasing / Mitsubishi car leasing / Nissan car leasing / Peugeot car leasing / Porsche car lease / Renault lease cars / Saab car leasing uk / Seat leasing cars / Skoda contract hire and car leasing / Smart car leasing deals / Suzuki car leasing /Toyota cheap car leasing / Vauxhall car leasing / Volkswagen car lease / Volvo car leasing / GAP Insurance / |
Customer Testimonial
CAR LEASING GUIDEIn a recent car leasing survey you asked Vehicle Alliance to answer the most commonly asked contract hire and leasing 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 in the same way? If we leased a car through Vehicle Alliance, would you deliver our new car anywhere in the UK? When you lease cars and vans what happens at the end of the lease agreement? Where do you find the cheapest car leasing deals on the internet and what should you be aware of when using a contract hire company on the internet? In response to your most commonly asked car leasing questions, Vehicle Alliance have produced a jargon fee vehicle leasing guide for you! This is a free car leasing and van leasing guide which answers these and many other contract hire and leasing questions. YOUR QUESTIONS ANSWERED: For those of you who would prefer a summarised view we will now answer the most frequently asked car and van leasing questions. What is Contract Hire? Contract Hire is car leasing. Car leasing is one of the many forms of vehicle finance available to business and retail customers when purchasing a new or used car. Car leasing is available in several forms and is known by many names. These include: Contract Hire, Business Contract Hire (BCH), Personal Contract Hire and Personal Contract Purchase (PCP). Where do I find Cheap Car Leasing? You have found it! Vehicle Alliance are the cheapest car leasing company on the internet. What should one be aware of when using an internet? Vehicle Alliance most trusted and reliable car leasing company on the internet. Vehicle Alliance 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. 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. In response to your most commonly asked car leasing questions, Vehicle Alliance have produced a jargon fee vehicle leasing guide for you! This is a free car leasing and van leasing guide which answers these and many other contract hire and leasing questions. |
Vehicle Alliance copyright 2007-2011. All rights reserved. Vehicle Alliance is registered in Scotland, company number: SC324032. Data Protection Licence:Z990133X. Consumer Credit licence Number:604319. Vehicle Alliance is an authorised Representative of ITC Compliance who are authorised and regulated by the Financial Sevices Authority. FSA Number: 470229. Vat Number: 918438207.
Contract Hire and Car Leasing from the Cheap Car Leasing specialists based in Scotland. Vehicle Alliance offer cheap car leasing in Edinburgh, Glasgow, Stirling, Dundee Perth and Scotland.
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