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16th Dec 2017 - We supply all makes and models at competitive prices - Ring or email your exact requirements!

PCH personal contract hire Manchester

New to leasing? Not sure what all the fuss is about? Well let us give you 8 great reasons why you should lease your next car or van from Newbury Leasing:

  1. You get a brand new car every 1-4 years, you'll be the envy of your friends, neighbours and work mates and might even get addicted to that brand new car smell
  2. You'll get Free Nationwide delivery right to your door, no catches.
  3. Your road tax is included for the full duration of the lease
  4. You'll have one low, fixed monthly payment with no worries about the car losing value.
  5. You won't have to worry about any big repair bills, as all new cars don't need an MOT for the first 3 years, and your vehicle will have full manufacturer's warranty.
  6. It's cheaper than buying a car and losing money on depreciation. See our example below.
  7. When you come to the end of your lease, return the car, and pick your next one. Easy!
  8. We think we're the best in the business, try us, you'll be happily surprised!

Leasing VS Buying

Here's a question that I often get asked: "Why do some people lease their cars rather than buy them...?"

The answer is very simple: the cost savings can be huge, especially if you want to change your car every 2 or 3 years. To demonstrate, here's an example of one of our previous offers on a new Vauxhall Astra Diesel Sport Hatch 1.9 CDTi SRi [150] 3dr:

BuyingLeasing
New price£19,705.00Initial rental£554.97
Typical online discount£3,165.0035 subsequent rentals£184.99
Discounted price£16,540.00Total rentals£7,029.62
Road tax (year 2)£120.00Total VAT payable (@ 17.5%)£1,230.18
Road tax (year 2)£120.00NB: current VAT rate = 15%
Typical 3-year repayment *£18,873.36
Sale proceeds **£7,675.00
Total cost of motoring£11,438.36Total cost of motoring£8,259.80
Saving£3,178.56

* "Typical 3-year repayment" based on Lombard Direct rate of 9.1% APR

** "Sale proceeds" based on used trade value at 36 months old with 30,000 miles on the clock - according to CAP Motor Research data (Mar 2009)

Simply put, leasing this car will save you over £3,000!

Contract Hire

Contract hire is a vehicle-leasing contract for sole traders, partnerships, limited companies and PLC's. The Hirer benefits by paying a single fixed rental each month. This includes road fund licence and, if required, service and maintenance. Rental periods typically vary between 18 and 48 months, there is no large initial payment to be made as deposits are usually equivalent to 1 or 3 months rental. VAT is payable on rentals but is partially reclaimable by VAT registered companies. At the end of a contract the vehicle is returned to the lender at the agreed contract mileage with no final or balloon payment to be made. For details of Finance Lease & Contract Purchase, please contact this office.

Sale And Leaseback

If your company already has vehicles that have been purchased in the past, we can arrange to buy the vehicles off you to give a capital injection to the business. The vehicles would then be leased back to you at competitive rates.

Personal Contract Purchase

Purchase Personal contract purchase (PCP) is available to every one subject to status. PCP provides a new or used vehicle for a pre-determined period, normally 24 - 48 months. Like contract hire the contract has a low initial payment, usually 3 monthly payments, followed by fixed payments for an agreed period with an agreed mileage. At the end of the contract period there is a guaranteed future value that you have the option of paying to take ownership of the vehicle, or you can hand back the car without penalty.

Personal Contract Hire

Personal Contract Hire (PCH) has been specifically designed for people opting out of a company car scheme or joining a new company that provides a company car allowance, instead of a company car. A PCH contract includes road fund licence and, if required, service and maintenance. Rental periods typically vary between 24 and 48 months, there is no large initial payment to be made as deposits are usually equivalent to 1 or 3 months rental. At the end of a contract the vehicle is returned to the lender at the agreed contract mileage with no final or balloon payment to be made.

Non Status/Sub Prime Contracts

These are available for new start companies and businesses or individuals that have experienced credit problems in the past. Initial payments are typically 6 times the monthly rental.

Lease Purchase

Lease Purchase is essentially Hire Purchase with a balloon payment at the end of the contract. Lease Purchase offers lower monthly payments than normal hire purchase. Instead, at the end of the agreement, you can make a final lump sum payment (or 'balloon') to own your car.

It's fixed rate finance - but with a lower fixed monthly outlay since you defer repayment of some of the borrowing. At the end of the agreement options include car purchase, refinance, part exchange or resale.

The deposit you pay is flexible - from as little as £99. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months) plus a final balloon payment.

Hire Purchase

Hire purchase is a simple, straightforward way to spread the cost of buying a new car. It is fixed rate finance - with a fixed monthly payment. The deposit you pay is flexible - from as little as £99. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months).

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