We understand that leasing can be confusing, so lets cover some basics.
Vehicle leasing offers several advantages over traditional ownership that can be appealing to both individuals and businesses. One major benefit is the ability to drive the latest models with advanced technology and safety features without the long-term commitment of buying. This is particularly attractive for those who value having up-to-date vehicles but don’t want the hassle of selling or trading in.
Leasing often results in lower monthly payments compared to financing a purchase, which can help individuals and businesses manage their cash flow more effectively. Additionally, lease agreements typically include warranty coverage, reducing the burden of unexpected maintenance costs. This combination of affordability, access to new technology, and reduced maintenance worries makes leasing a compelling option for many drivers.
At the end of a leasing contract our team will contact you around 3-4 months before the end date to go through your end of contract options. You typically have several options to consider, depending on the type of lease you have. Here are the common choices:
Return the Vehicle: With most leasing agreements, you have the option to return the vehicle at the end of the lease term. This is a straightforward process, and you may be subject to end-of-lease inspections to assess any excess wear and tear or mileage overages.
Lease Extension: If you've enjoyed your vehicle and want to continue with a similar arrangement, you can explore the option of renewing the lease for a further 3, 6,or 12 months (depending on the funder).
Purchase the Vehicle: Some funders offer the option to buy the leased vehicle at the end of the term. If you've grown attached to the vehicle or believe it offers good value, purchasing it can be a viable option. We can also help with re-financing this figure with another provider. Please ask us for more information on this.
Take out a new lease: If you enjoy having the latest models and technology, you might choose to return your current lease vehicle at the end of the contract and enter into a new lease for a different or updated model. This allows you to regularly experience the latest features without the long-term commitment of ownership.
Evaluate Your Mileage and Wear-and-Tear: Before making a decision, it's crucial to assess your mileage and the condition of the vehicle. Excess mileage or wear-and-tear beyond the agreed-upon limits may result in additional charges, so understanding and addressing these aspects is essential. If you are unsure about anything please contact us for advice.
It's important to review the terms and conditions of your specific leasing agreement to fully understand your options and any associated costs. Note these options can change from funder to funder so please contact us if you are unsure or have any questions we are always here to help.
Before entering into any agreement you will need to consider your driving needs, budget, and preferences to make an informed decision about the best course of action at the end of your leasing contract.
Yes! We offer complimentary delivery across the UK mainland for new leased vehicles. Meaning you can enjoy a seamless and hassle-free experience, receiving your chosen vehicle at a location that suits your needs.
At the end of your lease we will contact you with your end of contract options. If you would like collection booking we will arrange this for you on your chosen date. Both collections and deliveries are between 9-5pm week days only.
The collection process is typically straightforward providing there is no damage on the vehicle and you have not gone over your contract mileage, allowing you to return the leased vehicle without additional complexities. If you are unsure if your vehicle meets the BVRLA fair wear and tear expectation please ask us for a copy of this guide.
Most leased vehicles come equipped with at least 12 months of breakdown cover directly from the manufacturer. (if the vehicle was pre-registered please check with us directly). This coverage is designed to provide assistance in case of mechanical failures, flat tires, or other issues that may leave you stranded on the roadside. It acts as a safety net, ensuring that you have access to help when you need it the most.
Some leases come with breakdown cover included. If this is in your lease the breakdown cover will typically includes services such as roadside assistance, recovery to a nearby garage, and, if necessary, transportation for the driver and passengers to their intended destination.
This comprehensive support ensures that, in the unfortunate event of a breakdown, lessees are promptly and efficiently assisted, minimizing disruptions to their daily lives. Before embarking on a lease agreement, it's advisable to review the specific breakdown cover details outlined in the leasing agreement and inquire about any additional services or options available to further enhance your driving experience.
If you have taken out a vehicle lease with the maintenance option you may have breakdown included as part of your maintenance agreement. Some customers choose to take out additional breakdown cover with their insurance package to also cover peace of mind.
Having a poor credit score can indeed complicate the process of leasing a car, but it doesn’t make it impossible. While a lower score may limit your options, there are still leasing opportunities available for those with less-than-ideal credit. If you've been declined elsewhere or want to explore your options, you can reach out to Alpha Contracts at 10604 756620 for more information and assistance. We have been able to help many customers and we may be able to help you find a suitable leasing solution tailored to your situation.
Annual mileage in car leasing refers to the maximum distance a lessee can drive the leased vehicle in a year without incurring extra fees. When entering a lease agreement, both parties agree on a specific mileage limit based on the lessee's expected driving habits. Exceeding this limit can lead to excess mileage fees, typically charged per mile.
To avoid potential financial penalties at the end of the lease, it’s crucial for lessees to accurately estimate their annual mileage needs from the start. While some leases may allow adjustments to the mileage limit during the term for an additional fee, it's generally more cost-effective to choose a limit that aligns closely with your expected usage from the outset
Salary Sacrifice Car Leasing is a financial arrangement that allows employees to lease a vehicle through their employer using a portion of their pre-tax salary. This setup offers several financial and practical advantages, making it an appealing option for many.
In a Salary Sacrifice scheme, lease payments are deducted from the employee's salary before tax is calculated. This can lead to potential tax savings, as employees benefit from a reduced taxable income, resulting in lower overall tax liabilities. Consequently, this arrangement can lead to significant cost savings compared to purchasing or leasing a vehicle through traditional methods.
Additionally, employees often gain access to new, fuel-efficient vehicles with the latest features, and the arrangement can include maintenance and insurance, further simplifying vehicle ownership. Overall, Salary Sacrifice Car Leasing can be a smart financial choice for those looking to acquire a vehicle while maximizing tax benefits.
Business car leasing offers numerous advantages for small enterprises in the UK. One of the primary benefits is access to a diverse range of vehicles without the hefty upfront costs of purchasing, allowing businesses to conserve capital and focus resources on core operations and growth.
Fixed monthly payments associated with leasing make budgeting more straightforward and predictable, enabling businesses to plan their finances with greater confidence.
Additionally, many leasing agreements include maintenance packages, which relieve businesses from unexpected repair costs and ensure that their fleet stays in optimal condition. This not only improves operational efficiency but also minimizes downtime, ultimately enhancing productivity. Overall, business car leasing can be a strategic financial decision for small enterprises looking to maintain a competitive edge.
The "initial payment" in car leasing refers to the upfront payment made at the start of the lease term. It’s important to note that this is not a deposit and is not refundable at the end of the lease. By increasing the initial payment, you effectively pay more upfront, which can lead to lower monthly payments throughout the lease term. This can help make budgeting easier, but it's essential to choose an initial payment amount that aligns with your financial situation.