Frequently asked questions

Here are some of the most commonly asked questions about Personal and Business Car Finance.

Do I need to be VAT registered?
How long are the contracts for?
How do I calculate company car tax because I am concerned about my personal tax liability?
I have about £250 per month to spend but I am unsure of what type of vehicle I'm after. Can you help me?
How much will I be charged for a deposit?
I know I can order any make/model of vehicle but what about colour and extras etc?
I want to get in touch with you, what should I do?

Do I need to be VAT registered?

Many of the packages are aimed at VAT registered businesses but there are also packages available for non-VAT registered companies, such as Lease Purchase or Personal Contract Hire. The latter is ideal for private individuals or those looking to save money by opting out of their company car scheme.

How long are the contracts for?

Most contracts are for between 24 months and 4 years and the most popular choice is 3 years. This is because a 3-year contract often is the most cost-effective in terms of maintenance and running costs. We can also offer hire purchase on our new and used cars, and commercial vehicles, from 12-60 month terms.

How do I calculate company car tax because I am concerned about my personal tax liability?

Many people are finding Personal Contract Hire to their advantage when compared with paying company car tax. If you're not sure how much you'll pay in tax you could try using a company car tax calculator. There's a link to one on our Links Page.

I have about £250 per month to spend but I am unsure of what type of vehicle I'm after. Can you help me?

We will ask you about what you would prefer (eg. Monthly budget, contract length, annual mileage, etc.) and use our computer system to list all the vehicles which fall within your criteria. We can also change the criteria until we find a vehicle that you are happy with.

How much will I be charged for a deposit?

The deposit is usually 3 times the ongoing monthly charge. We can reduce it to 1 months charge, but as you would expect this increases the ongoing monthly charge.

I know I can order any make/model of vehicle but what about colour and extras etc?

The vehicle colour and paint type (metallic, pearlescent) is your choice. The specification is also up to you. You can add any extra available from the manufacturer such as climate control, traffic computer, headlamp wash wipe etc.