The things worth knowing before you sign

A full application leaves a footprint that other lenders can see. An initial conversation with us does not. If you are unsure whether you will be accepted, say so and we will talk it through before anything is submitted.

No. Sole traders, partnerships and limited companies can all lease. VAT registration only affects whether you can reclaim VAT — typically 50% on a car used privately as well as for work, and 100% on a commercial vehicle.

You pay an excess charge for each mile over the allowance, shown on the vehicle page before you order. Buying the miles up front is almost always cheaper than paying excess later, so estimate honestly.

Usually yes, but there is a settlement figure to pay, and it is rarely cheap in the first half of a contract. Ask us for a figure before you commit to anything — we will give you the funder’s number, not an estimate.

No. You arrange fully comprehensive insurance yourself, and the funder is recorded as the registered keeper. We can point you at brokers who deal with leased vehicles regularly.

Nine rentals are taken shortly after delivery, then 47 monthly rentals follow. That is 56 rentals across a 48-month contract. Paying more up front lowers every rental after it, though the total you pay barely moves.

No. It is rent paid in advance, so it is not refundable and it does not come back to you at the end. That is the main difference between a lease and a PCP deposit.

Fair wear and tear, judged against the BVRLA industry standard. Light scuffs and stone chips are expected on a four-year-old car; kerbed alloys, dents and missing service history are not. We send you the guide before delivery, not at the end.