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Free Nationwide Delivery
We deliver to most places in mainland UK
Road Tax Included
Our lease deals come with road tax included
Consultative Approach
No pressure selling just honest advice
How to lease a vehicle
With leasing, you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the vehicle lease. Then each month you pay a fixed monthly payment for the term of the agreed lease. You will have an agreed annual mileage allowance for the lease to meet your requirements (Excess mileage charges will apply if you exceed the contract mileage.) At the end of the lease period (typically two or three years), you simply hand the vehicle back. Some methods of funding (not all) allow you to buy the vehicle at the end of the agreement for a final payment if you wish.
If you’re interested in leasing a vehicle, get in touch with us and one of our leasing consultants can talk you through the process in full. Once you’ve decided on your perfect vehicle, our friendly and helpful Administration Team will be on hand to guide you through your journey from signing your paperwork to taking delivery of your new car or van. Leasing a vehicle couldn’t be simpler!
Click here for more information about the steps to leasing a vehicle.
What happens on delivery day?
On your agreed delivery date, your new vehicle will be delivered direct to you. The delivery driver will be in touch with you prior to their arrival so keep an eye out for a call from an unknown number.
During the handover process, which takes around an hour, the driver will show you around the vehicle and explain how to operate it if you’re unsure about any features. You will also be required to sign a ‘Vehicle Acceptance Note’ confirming the vehicle is as ordered and in the condition you expected. This is confirmation that you are happy to accept the vehicle and therefore we advise that you conduct a thorough check of the vehicle before signing this form.
What is a maintenance contract?
For a fixed monthly fee, a maintenance contract takes the headache out of getting your new vehicle serviced and maintained. By taking out a maintenance contract, the vehicle’s servicing, maintenance and MOT testing costs will be covered for the duration of the contract.
Click here for our useful guide about maintenance contracts.
Different Finance Methods
Depending on whether you're a business or personal customer, there are a number of different finance methods available. For more detail see the different options below.
Personal Vehicle Leasing
Personal Contract Hire
Personal Contract Hire (PCH) is a fixed term, fixed mileage rental agreement providing fixed cost motoring with no depreciation risk. There's the option to add a fixed cost maintenance package covering all servicing, maintenance, tyres & roadside assistance. Simply return the vehicle at the end of the contract.
Advantages of Personal Contract Hire
No buying/disposal concerns as you simply return the vehicle at the end of the contract.
Fixed term contract (2 to 5 years).
Pre-agreed contract mileage.
Easy budgeting.
No depreciation risk.
No capital expenditure.
Free UK delivery.
Flexible initial rental payment & flexible payment profiles.
Option to include maintenance & servicing.
Road fund licence included for the full term of the contract.
Points to consider
There is no option to purchase or own the vehicle at any time.
Early termination can be expensive, the cost is at the funder's discretion.
An excess mileage charge will be payable in the event of the contract mileage being exceeded.
Damage recharges may be applied if the vehicle is not returned in an acceptable condition (please ask for a copy of the BVRLA Fair Wear & Tear Guide).
Vehicle must be serviced and maintained in accordance with the manufacturer's terms.
Vehicle must be comprehensively insured.
VAT is payable within the agreed rental and cannot be reclaimed.
Parking, congestion and other fines are rechargeable and may incur additional charges.
Please Note: The information provided is for guidance only and may be subject to change – you should consult your accountant or local tax office to verify your individual circumstances.
Personal Contract Purchase
Personal Contract Purchase (PCP) is a conditional sale agreement based on a pre-agreed contractual mileage. It's a flexible agreement with 3 options at the end of the contract:
Simply return the vehicle at no cost (as long as the vehicle is in an acceptable condition and contract mileage has not been exceeded).
Dispose of the vehicle to a 3rd party - any equity is yours to keep.
Pay the Optional Final Payment and keep the vehicle.
Advantages of Personal Contract Purchase
Option to terminate contract at any time without any interest penalty.
Flexible contract up to 5 years to reduce monthly outlay.
Pre-agreed contract mileage.
Pre-determined fixed motoring costs for easy budgeting.
Road fund licence included for first 12 months then funder arranges and recharges to you by direct debit.
No depreciation risk.
No buying / disposal concerns.
Free UK delivery.
Flexible initial payment & flexible payment profiles.
The option to include service & maintenance contract and roadside assistance.
Flexible options at the end of the agreement (unlike with PCH).
Points to consider
Contract mileage should be based on anticipated total mileage.
Excess mileage charges will apply if contract mileage has been exceeded when handed back to the funder.
The vehicle must be comprehensively insured.
If vehicle is not returned in an acceptable condition, damage recharges may apply (please ask for a copy of the BVRLA Fair Wear & Tear Guide)
Vehicle must be serviced and maintained in accordance with manufacturer's terms at your expense.
Any parking, congestion and others fines are rechargeable and may incur an additional charge.
If you choose to terminate the contract before you have paid 50% of the Total Amount Payable there may be a balance to pay if the value of the vehicle is less than the settlement figure.
Please Note: The information provided is for guidance only and may be subject to change – you should consult your accountant or local tax office to verify your individual circumstances.
Business Vehicle Leasing
Business Contract Hire
Business Contract Hire (BCH) is a fixed term, fixed mileage rental agreement providing fixed cost motoring with no depreciation risk. There's the option to add a fixed cost maintenance package covering all servicing, maintenance, tyres & roadside assistance. Simply return the vehicle at the end of the contract.
VAT is payable on the monthly rental - 50% of the VAT on the Finance element can be reclaimed for a car or 100% for a Commercial vehicle.
If a maintenance option is taken, 100% of the VAT on the Maintenance element is reclaimable.*
Rentals paid on a BCH agreement are tax allowable.
*VAT reclaim assumes standard VAT registration - any registration variance may be subject to different criteria.
Advantages of Business Contract Hire
No buying/disposal concerns as you simply return the vehicle at the end of the contract.
Fixed term contract (2 to 5 years).
Pre-agreed contract mileage.
Easy budgeting.
No depreciation risk.
No capital expenditure.
Free UK delivery.
Flexible initial rental payment & flexible payment profiles.
Option to include maintenance & servicing.
Road fund licence included for the full term of the contract.
Points to consider
There is no option to purchase or own the vehicle at any time.
Early termination can be expensive, the cost is at the funder's discretion.
An excess mileage charge will be payable in the event of the contract mileage being exceeded.
Damage recharges may be applied if the vehicle is not returned in an acceptable condition (please ask for a copy of the BVRLA Fair Wear & Tear Guide).
Vehicle must be serviced and maintained in accordance with the manufacturer's terms.
Parking, congestion and other fines are rechargeable and may incur additional charges.
Please Note: The information provided is for guidance only and may be subject to change – you should consult your accountant or local tax office to verify your individual circumstances.
Contract Purchase
Contract Purchase is a finance agreement based on a pre-agreed contractual mileage with an option to purchase. It's a flexible agreement with 3 options at the end of the contract:
Simply return the vehicle at no cost (as long as the vehicle is in an acceptable condition and contract mileage has not been exceeded).
Dispose of the vehicle to a 3rd party - any equity is yours to keep.
Pay the Optional Final Payment and keep the vehicle.
Advantages of Contract Purchase
Option to terminate contract at any time without any interest penalty.
Flexible contract up to 5 years to reduce monthly outlay.
Pre-agreed contract mileage.
Pre-determined fixed motoring costs for easy budgeting.
Road fund licence included for first 12 months then funder arranges and recharges to you by direct debit.
No depreciation risk.
No buying / disposal concerns.
Free UK delivery.
Flexible initial payment & flexible payment profiles.
The option to include service & maintenance contract and roadside assistance.
Flexible options at the end of the agreement.
Points to consider
Contract mileage should be based on anticipated total mileage.
Excess mileage charges will apply if contract mileage has been exceeded when handed back to the funder.
The vehicle must be comprehensively insured.
If vehicle is not returned in an acceptable condition, damage recharges may apply (please ask for a copy of the BVRLA Fair Wear & Tear Guide)
Vehicle must be serviced and maintained in accordance with manufacturer's terms at your expense.
Any parking, congestion and others fines are rechargeable and may incur an additional charge.
If you choose to terminate the contract early there may be a balance to pay if the vehicle value is less than the settlement figure. There may also be an Option to Purchase Fee of £10 if this option is chosen.
Please Note: The information provided is for guidance only and may be subject to change – you should consult your accountant or local tax office to verify your individual circumstances.
Finance Lease
Finance Lease is a flexible funding product designed for business users to spread the cost of vehicle usage over a period of up to 5 years. At the end of the contract, there are 2 options available:
Dispose of the vehicle to a 3rd party - any equity is yours to keep, or;
Pay the final payment (if applicable) and keep the vehicle. The lease agreement will then enter a secondary period with an annual peppercorn rental until the vehicle is disposed of.
VAT is payable on the monthly rental.
50% of the VAT on the finance element can be reclaimed for a car of 100% for a commercial vehicle.
If maintenance option is taken, 100% of the VAT on the maintenance element is reclaimable.*
Rental paid on a finance lease agreement are tax allowable.
*VAT reclaim assumes standard VAT registration - any registration variance may be subject to different criteria.
Advantages of Finance Lease
No capital expenditure.
Flexible contract of up to 5 years to reduce monthly outlay.
Fixed monthly rentals allow for budgeting costs.
Option to terminate early at any time on payment of settlement figure & disposal to a 3rd party.
No damage recharge implications at contract termination.
Option to include a pre-set residual value (final payment) to reduce monthly outlay.
Option to include servicing, maintenance and roadside assistance.
Road fund licence included for first 12 months then funder arranges and recharges you by direct debit.
Free UK delivery.
Flexible initial payment & flexible payment profiles.
Points to consider
No option to purchase or own the vehicle at any time.
Risk of vehicle depreciation lies with the customer.
Vehicle must be serviced and maintained in accordance with manufacturer's terms at your expense (unless maintenance option is taken).
Any parking, congestion and others fines are rechargeable and may incur an additional charge.
If you choose to terminate the contract early there may be a balance to pay if the vehicle value is less than the settlement figure.
Please Note: The information provided is for guidance only and may be subject to change – you should consult your accountant or local tax office to verify your individual circumstances.
What happens at the end of the lease?
Depending on the method of funding you’ve chosen, there can be multiple options available at the end of the contract. Some funding methods allow you to buy the vehicle at the end of the agreement, whereas others enable you to simply hand the vehicle back to the finance company. Each method of funding has its own advantages and disadvantages which we are more than happy to discuss with you so that you can make an informed decision.
Several months before your contract comes to an end, a member of our team will be in touch to discuss your options. However, if you want to discuss this sooner, please don't hesitate to contact us and we'll see how we can assist you.
If you decide to lease, you must keep the vehicle in good condition as you may pay for any damage outside the BVRLA Fair Wear & Tear Guide. As well, you should be aware that if you exceed your mileage allowance for the complete duration of your contract then an excess mileage charge will be applied.
Click here to read our full 'End of Contract' guide.
Useful Vehicle Leasing Guides
We've put together some useful guides for vehicle leasing. If you have any further questions, please don't hesitate to contact us on 0161 667 5338.
Vehicle Leasing FAQs
Here are a few common questions you may have when leasing a new vehicle.
Is lease the same as rent?
Although leasing and renting a vehicle may appear similar, there are some key differences. In particular, the duration of a lease is generally longer as you sign a lease agreement for an agreed term (typically 2,3 or 4 years). Whereas with renting, this is more of a short-term solution where you may choose a month-to-month rental agreement.
Do I need to buy insurance when leasing a vehicle?
Insurance is not included as part of your lease contract, so you are responsible for ensuring the vehicle is comprehensively insured. The vehicle insurance needs to be in place before delivery of the vehicle can be arranged.
Is there warranty on a leased vehicle?
All vehicles come with a full UK manufacturer's warranty. The length of the warranty varies depending on the manufacturer.
Are all the vehicles you supply brand new?
Yes, all of our vehicles are brand new, supplied by dealerships. GB Vehicle Leasing has long-established links with some of the best suppliers across the UK, enabling our pricing team to ensure we offer the very best lease deals. Sometimes we have huge discounts on ‘pre-registered’ vehicles. This just means they have to be registered before a certain date; they are still brand new vehicles.
Can I put my private plate on a lease vehicle?
Yes, please contact our Admin Team on 0161 762 5680 or send us a message and we will assist you with this.
Can you take my current vehicle as a part exchange?
Yes, we can consider part exchanges depending on their condition. For more information about part-exchanging your old vehicle for a new lease, please click here. Leave behind the hassle of selling your vehicle as our experienced team help make this an easy process for you.
Can I terminate my lease agreement early?
Yes, this may be possible but certain factors should be considered first. Early termination of a lease contract occurs when a customer ends the lease agreement before the agreed-upon end date. This can be initiated by the customer with the finance provider, who then calculates a set fee to be paid for the early termination. It is essential to be cautious about early termination, as significant penalties may apply.
Whether early termination is possible depends on the finance provider and the contract type. Also, the early termination fee can vary significantly among different funders. If you are considering ending your lease early, it is advisable to have a discussion with us first to make an informed decision.
Vehicle Leasing News
Keep up to date with the latest news and motoring advice from GB Vehicle Leasing by viewing our blogs below.
