Vertu Lease Cars

Vertu Lease Cars are credit brokers who offer the most competitively priced leases in the UK, combined with the confidence of supplying the majority of vehicles from our own dealerships. We do occasionally get some of our supply from other main dealer groups but we ensure they abide by our strict service level agreements at all times.

Vertu Motors PLC are the 6th largest motor dealership in the UK.

We have 125 active dealerships throughout the UK.

We also have 100's of vehicles in stock to minimise the waiting period.

We will deliver free of charge to the UK (mainland), however, if you wanted to collect your vehicle from one of our 100 plus dealerships, we will gladly discuss paying for your transport.

 

Business Contract Hire

A simple but cost effective way to fund a number of vehicles.

Contract Hire or what is sometimes known as an Operating Lease, is a long term rental agreement. our contracts range from 12 to 60 months and are all tailored to your businesses requirements.

Advantages:

  • Minimum capital expenditure
  • Accurate monthly budgeting
  • Improved cash flow
  • Fixed interest rates
  • Rentals can be offset against your businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for contract-hired cars with a CO2 output of 130g/km or below, there is currently no disallowance in place.
  • Reduced administration
  • On-going advice and support throughout your contract.
  • Road Fund Licence provided (vehicle excise duty paid) for the duration of contract

Optional Add-Ons:

  • Maintenance package
  • Breakdown rescue cover
  • Replacement vehicle cover in event of breakdown
  • GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

Disadvantages:

  • Early termination can be expensive.
  • If you do more miles than agreed in your contract you will be charged excess mileage for each mile over that stated in your contract.
  • You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the 'Fair Wear and Tear Guide'
  • You must have fully comprehensive vehicle and insurance
  • You can never own the vehicle as there is no option to buy it.
Business Contract Hire

Business Contract Purchase

Contract Purchase or CP is the type of finance agreement for business customers only, who are also looking to fund a new vehicle in a more manageable way

The monthly payment plan is NOT subject to VAT, however if you do choose to take out the optional service package then you will have to pay VAT on the service costs.

Advantages:

  • Low initial payment options
  • Fixed monthly payments as agreed in the contract
  • You may be able to refinance the OFP
  • No depreciation concerns if you wish to walk away at the end of the contract
  • Maintenance and servicing can be included on request
  • Fixed OFP when you first take the contract out
  • Cost effective

Disadvantages:

  • You will have to make a decision at the end of the agreed contract as to whether you wish to sell the vehicle, return it or keep it
  • You must have fully comprehensive vehicle insurance
Business Contract Purchase

Personal Contract Hire

Personal Contract Hire or Personal Leasing, is simply contract hire but for individuals

Personal Contract Hire (PCH) is based on a fixed term contract where customers pay an agreed monthly charge for the use of a vehicle for a previously agreed period.

Advantages:

  • Flexible initial payment available
  • Fixed term contracts
  • Fixed mileage contracts
  • Fixed cost motoring
  • Flexible profiles tailored to suit you
  • You will only pay for the use of the vehicle
  • At the end of your contract you simply hand the vehicle back
  • Option of including maintenance with your contract
  • No depreciation or disposal risk

Disadvantages:

  • Vehicle must be returned in a well maintained condition
  • Early termination can be expensive
  • You must have fully comprehensive vehicle insurance
  • You can never own the vehicle
Personal Contract Hire

Personal Contract Purchase

Personal Contract Purchase or PCP is the type of vehicle finance agreement for customers looking to fund a new or used vehicle for personal use only in a manageable way.

The monthly payments are also NOT subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.

Advantages:

  • Low initial payment options available
  • Fixed monthly payment plans
  • You may be able to refinance the balloon payment
  • No depreciation concerns if you wish to walk away at the end of the contract
  • Maintenance and servicing can be included on request
  • Fixed balloon or guaranteed future value to purchase payment when you first take out the contract
  • Cost effective
  • Can be used to finance new or used vehicles

Disadvantages:

  • You will have to make a decision at the end of the contract as to whether you wish to sell the vehicle, return it or Keep it - this is often also seen as an advantage to many people.
  • You must have fully comprehensive vehicle insurance
Personal Contract Purchase

Vertu Lease Cars Overview

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