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Frequently Asked Questions

Q. Who is responsible for insuring the vehicle?

A. When you lease a vehicle, it is entirely your responsibility to take care of the insurance.

Q. What happens if I exceed my contract mileage? 

A. We will inform you in advance of signing the contract how much will be charged should you exceed the declared mileage. As brokers we can ensure these charges are kept to a minimum. The excess mileage charge will be sent to you in the form of invoice at the end of the contract.

Q. Are there any VAT advantages to Contract Hire?

A. Yes! If your business is VAT registered you can also claim back up to 50% of the VAT charged on the finance of the vehicle and up to 100% the VAT charged on the maintenance applicable when the vehicle is for business and private use. For vans/commercial vehicles used solely for business purposes the hirer may claim 100% of the VAT on both the finance and the maintenance.

Q. Is delivery and collection included?

A. We offer free UK mainland delivery. Collection depends on the type of contract taken. For contract hire or personal contract hire and contract purchase or personal contract purchase the finance company will collect the vehicle at the end of the contract unless you are purchasing the vehicle.

Q. Is maintenance included?

A. Maintenance is an optional cost and includes all servicing, tyres, brakes, exhaust, battery and labour.

Q. Will the contract include Road Fund Licence?

A. Yes, either for the duration of the contract or 12 months. This will depend the type of contract taken.

Q. I used to have a company car, and am now opting out of the scheme. Can you help?

A. Yes, definitely! We are able to offer you advice and then car leasing deals or purchase on a personal basis.

Q. Who Supplies the vehicles?

A. All our vehicles are supplied through the relevant vehicle manufacturers UK dealer network.

Q. Do vehicles have a warranty?

A. Yes, all our vehicles come with the full UK manufacturers warranty.

Economy Leasing UK Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 673913

Registered in England & Wales with company number : 06788424 | Data Protection No : Z1651473 | VAT No : 945980476 | BVRLA Registration Number 2208

Registered Office : Unit 3 Office 3 Langdon Hills Business Square, Florence Way, Laindon, Essex, SS16 6AJ

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.

Copyright © 2020 Economy Leasing UK Ltd, All rights reserved.