Car leasing can be complicated – we understand that. So below is a list of some abbreviations or words you may come across that lack an explanation. We try to keep our use of jargon to as close to zero as possible, but just in case you come across any we have compiled a handy list for you
Personal Contract Hire or more commonly known as car leasing. This is what we call what the agreement is.
Business Contract Hire or more commonly known as car leasing. This is what we call what the agreement is.
Personal Contract Purchase. This is the agreement where the driver owns the car at the end.
Typically a larger payment at the end of the contract.
Miles per gallon. A measure of how much fuel a car uses.
A measure of vehicle emissions.
Value added tax. Currently 20%.
More commonly known as car tax.
What the first payment will be. Not to be confused with deposit. Non refundable.
A finance company
The time between making an order and taking delivery.
If the car is not spec amendable it means it has been built and can’t be changed. If it is spec amendable we can customise it for you.
Proofs and information we need.
The place where the car is at
How much you will pay as a total. More details here.
An individual brokering leasing deals. May not be regulated and risky.
Your first payment to the finance company. Not a deposit. More details here.
How long you will be leasing the car for. Typically 24, 36 or 48 months. More details here.
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