Such is the demand for used car leasing that we now offer PCP for private motorists and Lease Purchase for business customers.
All of our used vehicles have:
Rest assured that we DO NOT Offer Cars with Category S,C,D or N Damage.
With our used car leasing you get more motor for your money...
On a PCP or LP a car can be no older than 8 years old when the lease expires [i.e you can lease a 3 year old car on a 60 month lease] On HP a car can be no older than 14 years old when the lease expires
Here's the best bit....... We will search reputable suppliers within an agreed mileage radius of your postcode and email you our best finance deal on the model of vehicle you would like. If there are no value vehicles within this region we may look further afield.
Alternatively go online and look at dealer/trader sales for example in the auto trader to find your next car ...that's what I did with the representative used car lease examples you can see above.
Be sure to only look at reputable garages and only vehicles with no damage and reasonable mileage. It is advisable that you choose a vehicle that is not too far away to make the best use of any warranty offered and reduction on collection/delivery time, effort and possibly cost.
Some suppliers are happy to deliver for a small fee.
We will use and recommend manufacturer approved used cars where cost effective. Whilst we only offer quotations for vehicles from reputable dealers we recommend where possible that you view and check any used vehicle prior to ordering as we cannot be held responsible for third party used vehicle condition.
It is also worth considering taking out one of the many extended warranty packages available from 3rd party companies such as the AA.
A Personal Contract Purchase (PCP) is a loan secured against the used car. The repayments are based on part of the value of the vehicle. The finance company guarantees the minimum the vehicle will be worth at the end of the agreement. This is known as the Guaranteed Minimum Future Value (GMFV) or Optional Final Payment (OFP). This is offset until the end of the agreement. PCP’s can run from 3 to 4 years and repayments are determined by the size of the deposit, how many miles the customer intends to do and the length of the agreement.
With used car Lease Purchase an amount of the total cost of the vehicle will be deferred (estimated future resale value/ residual value) until the end of the agreement. The monthly payments will be based on the total cost less the deferred amount. The deferred payment must be paid at the end of the agreement to own the vehicle. On an LP agreement the deferred element is estimated based on the vehicle usage. Therefore the used car could be worth less than the lenders estimation resulting in negative equity. The difference between a Lease Purchase and a Personal Contract Purchase PCP is that the deferred payment on a Lease Purchase is an estimate of how much the car may be worth. In contrast with a PCP the Guaranteed Minimum Future value (GMFV) is the minimum the car will be worth.
Hire Purchase (HP) is a hiring agreement between the customer and the finance company. The loan is secured against the used car over a set period between 2 and 5 years, with fixed monthly repayments including interest. During or at the end of agreement (if the balance has been paid in full), they have the option to own the vehicle by paying an additional sum called the Option to Purchase Fee. The customer is the registered keeper of the used car and as such is responsible for insurance and maintenance. The finance company remain the legal owner until the amount borrowed has been fully repaid.
Email : email@example.com
Telephone : 01189 420030
Company Address :
Lease World Ltd
50 Gratwicke Road
Lease World Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 737366
Registered in England & Wales with company number : 07069478 | Data Protection No : Z216605 | VAT No : 985 366 468
Registered Office : 12 Park Lane, Tilehurst, Reading, Berkshire, United Kingdom, RG31 5DL
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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