Lease Car Maintenance Packages Are they Worth It? Is a Lease Car Maintenance Package Included? Lease Car Maintenance Package Clauses…
If you elect for the former (driver maintained), you are undertaking to service, maintain and change the tyres on the vehicle at your own cost.
Do check with your credit broker as to which finance company is being used as some finance companies will allow you to service the vehicle at a non-dealer franchise whereas other finance companies (MBFS and VWFS) do state that the vehicle MUST be maintained at a dealer.
If you choose the latter contract (funder maintained), the cost of all servicing, consumables and tyres will be included within the price you pay per month for the vehicle. For some finance companies breakdown recovery will also be included, as will tyre punctures (referred to as a “no quibble” tyre policy).
Which Should I choose? Driver Maintained or Funder Maintained? Is it Worth The Additional Cost?
There is no right or wrong contract to choose; it will very much be based on your personal circumstances.
After selecting your quote, you will be asked to complete a credit proposal form. All contract hire and leasing products are credit based and you will therefore need to pass a credit check with the relevant finance company first.
As part of the proposal form, you need to supply a number of personal details – full name, 5-year address history, 3-year employment history, bank details and income and expenditure.
As a credit broker, not a lender, we do not make any decisions. This is referred to the finance company and they will make a decision which can take between 10 seconds and 2 days! After credit has been approved, we will continue to the next step.
You will then be asked to complete order forms, an information notice and a key contract notice for CarLease UK.
This provides permission to order the vehicle with the supplying dealer and to set-up finance documentation with the relevant finance company. As we work alongside 15 (or so) of the UK’s biggest leasing companies, the process for signing finance documentation will differ from transaction to transaction. In each instance, we will detail the process for signing the documents to you. The importance of this stage is that until you execute the documents correctly (either by e-signing or by signing paper copies) we cannot deliver the vehicle.
Once all the documents are in place, we will arrange delivery with you.
Delivery is not an additional cost and is taken into account as part of the transaction.
In almost all cases vehicles will be driven to you and will not be transported. If you do not want the vehicle to have incurred any delivery mileage (which does not form part of your contract), do enquire with us about a transported delivery service.
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