Personal Car Leasing Options
All our personal car leasing deals, If you have any questions about the lease deals we provide, then please get in contact with one of our friendly expert consultants who will be happy to explain everything to you.
295 models
Personal Car Leasing Options
As I’ve been in the Motor trade for nearly 18 years now, I’m always surprised by how many people think that personal car leasing options just for business customers only. It’s amazing at how many people believe that a PCP (Personal Contract Purchase) is the option closest to a business lease. Having said that when you visit a showroom, automatically the Salesman will qualify you and your financial budget and match you to a PCP plan as opposed to offering a Personal contract hire rental. It’s only been the last few years that manufacturers have advertised their contract hire rentals to personal customers on leaflets and national television.
Leasing Options for personal customers too
When you take a vehicle on contract hire, the vehicle is bought by the funder. The vehicle is then registered to them – a business, meaning that they can reclaim tax relief from HMRC by using the write down rule. They also purchase the vehicle at a heavily reduced rate, they receive far more discount and favourable terms with buying so many vehicles from the manufacturer. Businesses have been choosing the business car leasing for years, as it frees up their capital. We're seeing a massive increase in personal lease deals. I often come across the argument of “but you never own the car, why would you pay so much for a car that you don’t own?” To say this comment is green is an understatement. If you read the terms and conditions of a finance agreement – many, don’t they just skip past the repayment and APR part and go straight to the signature part excitedly. Well, if you did read the terms and conditions, you’d see that until you pay the final payment on a Hire agreement that you don’t legally own the vehicle despite the logbook being in your name. If you’ve ever watched programmes with bailiffs such as pay now or we’ll take it away, you’ll have heard them say on several occasions that an invoice proves proof of ownership and not the logbook. Anyway, my point being is that have they ever owned any car that they’ve bought via a finance agreement? Most people will take a hire agreement over 5 years or a PCP over 3 with the balloon at the end still to pay. Who has kept their car past the point of finance being owned and if so at that point, it’s now an old car out of warranty that is usually starting to cost more from a maintenance perspective? You’ve usually paid at least £80 plus more per month for the logbook, to be in your name?! Okay, so you may ask whys such a difference, well; there’s several reasons. Firstly, you buy a vehicle as an individual so pay the VAT levy at the prevailing rate, which is currently 20%. Whereas the funder (a business that is VAT registered), uses the write-down rule each year to minimise taxation and then at the end of the contract sell the vehicle as VAT qualifying to a Dealership or via an Auction. The funder also purchases the vehicle for much less than a consumer would who purchases one vehicle every few years. Your contract hire rental is calculated using the purchase price of the vehicle and the expected resale value of the vehicle at the end of the contract. You just pay the part in between. Whilst you’d like to believe that if you purchase a vehicle via PCP or HP that you’d have a little equity in the vehicle after 3 or 4 years, have you ever known anyone make money from a depreciating asset other than a Dealership?
Personal car on lease
So, what’s included with your personal car on lease? You can take a personal lease on a non-maintained or fully maintained basis, the cost of course will vary. Road fund license is included at the prevailing rate. Just like the VAT is also included, you must be aware that it is at the prevailing rate and the time of taking delivery. Should the chancellor decide to increase VAT which to be honest is expected at some point to help repay the debts created due to the Covid-19 pandemic, then you are responsible for the increase as the funder can’t control the tax levy set by the Government. The vehicle of course has already been purchased so it’s the VAT on the monthly repayment and not the cost of the car.
Personal Contract hire is a good financially viable way to drive a brand-new car every 3 to 4 years and keep your repayments as low as possible. Just like any other financial agreement, it is subject to credit checks and will appear on your credit report. Leasing cars has become more popular over the last 10 years, as private individuals discover that it's a way to drive a better trim vehicle at a far more affordable cost.
What our customers say...
David O'Leary can't speak highly enough about their service from start to finish
Competitive on price, exceptional on service. I have just taken delivery of my fourth car from National Vehicle Solutions and can't speak highly enough about their service from start to finish. They have been consistent every time and haven't faltered once. Audi tried hard to get my business this time around but to no avail. When something works you just stick with it.
Leased a Audi A6
Having left it far too late to sort my next car due to indecision, I contacted NVS who informed me that the Golf R I wanted was available for immediate delivery. Within a few weeks I flew over from NI to collect my car at their offices. From being picked up at the airport, being offered some much needed coffee and a good chat with the friendly staff, I cannot fault this company. I should have known though, as my first PCH lease was arranged through the same company and it too was faultless. Great for price, communication and customer service. Keep up the good work guys!
Leased a Volkswagen Golf
My second lease through NVS. They price matched other quotes I had and then bettered the other quotes.
Good communication throughout the process and my car was delivered today.
Very happy!Leased a Audi A5
