What is an Initial Payment? An initial payment ranges from 1 month upfront, 3,6,9 and even 12 months. The more initial payment you put up front the lower your monthly rental will be. This is non-refundable.
How will the initial payment and monthly rental be taken? These will be taken by direct debit. The initial payment is taken approx. 7-10 days after you take delivery.
What is the processing fee? The processing fee is the broker fee Perrys Leasing will charge for our service and represents the costs incurred to arrange your finance, ordering your vehicle, arranging your finance documents and organising the delivery of your vehicle. We charge a processing fee of £198 inc VAT for our services. This payable by debit or credit card or by BACs payment, this is only taken once your finance proposal has been approved and you have decided to order the vehicle with Perrys Leasing and have signed and sent the relevant paperwork.
Is Road Fund Licence Included? Road Tax is included for the duration of your agreement
Is maintenance included in the agreement? This can be added as part of your vehicle finance. Please be aware that without a maintenance package you are responsible for all servicing and maintenance costs that is required throughout your agreement in line with the manufacturer’s guidelines. Maintenance packages do not include vehicle glass, accident damage and misuse.
How long can the agreement be taken out for? We can offer between 2, 3 and 4 years
Can I own the vehicle? With a contract hire agreement you will never own the vehicle and there is no option to
Who owns my leased vehicle? The finance company are the registered and owner of the vehicle
What colour is available? All colours are available as per the manufacturer’s own website, these can vary from stock vehicles or vehicles that are ordered from the factory, which will give a longer lead time. This can be advised by your sales advisor.
Is warranty included? All our vehicles have warranty cover as they are brand new, they will come with a minimum of 3 years warranty but this will all vary depending on the manufacturer
Can I hand the vehicle back early? This is an option, please contact your finance provider for this figure. However please be aware this could be quite costly.
Is motor insurance included? We do not offer motor insurance. With a lease deal you must have fully comprehensive motor insurance and a copy must be sent to ourselves before we deliver your vehicle.
What is an excess mileage charge? This is a charge if you go over your contracted mileage. If applicable this will be charged once the vehicle has been returned. It is very important to get your annual mileage as closely as possible before you sign your finance agreement.
How will I collect my new vehicle? All our vehicles are driven to your requested delivery address, within the UK Mainland.
Can I test drive before leasing a vehicle? Perrys Leasing is an office-based company. However, being part of a dealer group Perrys Motor sales Ltd our dealerships will be more than happy to provide this service to you.
What happens at the end of the agreement? At the end of the agreement the vehicle is returned back to the finance provider, please contact them to arrange the collection. We advise to contact them approx. 3 weeks before the end of your agreement.
Can I modify my leased vehicle? Each finance provider has different rules for modifying a vehicle, please contact your finance provider or one of sales advisors at Perrys Leasing