Below you will find answers to the most commonly asked questions but we are more than happy to answer directly any questions you may have:
Q: What do Belmont Vehicle Leasing offer?
Belmont Vehicle Leasing offer a range of car leasing and contract hire options for both businesses and qualifying individuals.
We offer both Business and Personal Contract Hire
We can advise you on the benefits associated with each of these products.
Q: Where do Belmont Vehicle Leasing get the vehicles from?
All of our vehicles are supplied by leading UK dealer groups and manufacturers. We have service level agreements in place to ensure you get the best possible delivery experience and we continually monitor our suppliers to this end.
Q: What is car leasing?
A lease is an agreement between the customer (you) and the finance company that lets you drive a brand new car for an agreed length of time in return for an initial deposit and regular fixed monthly payments. At the end of the agreed period the car will still be owned by the finance company so you will have to return it.
Q: Do I need to be credit checked in order to lease a car?
The simple answer is Yes. We will need some personal information from you in order to ascertain your suitability for credit. Information such as: your home address, where you work, what your salary or income is and your past credit history are all relevant questions.
Q: What information do I need to provide you with?
Q: Are there any age restrictions to leasing a car?
You must be at least 18 to take out a finance agreement. If there is a lack of credit history we recommend that you have a guarantor: a parent, guardian or relative who shares an address with you.
Q: Do I need a UK driving licence to lease a car?
Yes, you will need a valid full UK driving licence.
Q: Can I fit a Tow bar to my lease car?
Yes, accessories like tow bars and roof racks can be fitted to your vehicle, and can be included in your monthly rental if ordered from the dealer prior to delivery. If you fit them yourself, they may need to be removed at the end of the lease and any damage or holes repaired. It is also advisable to inform your insurance company if you upgrade or add any accessories to your vehicle.
Q: Is there a minimum term lease contract?
Most of our leases are on a 2 or 3 or 4 year contract, however we do sometimes have special 12 and 18 month offers available. We can also quote you for longer leasing terms, such as 5 years to fix your costs though this is rare. It’s always worth getting in touch with our sales team to discuss our latest offers.
Q: Do I need to insure the lease car?
Insurance is not included with our agreements. You will also need to provide us with proof that your vehicle is covered by a fully comprehensive insurance policy. The finance company would be the registered owner, and you would be the registered keeper.
Q: Do I need to pay RFL?
The monthly rentals include road fund license for the duration of the contract on all our business and personal contract hire deals. However we may have certain offers that may exclude this such Operating Leases.
Q: Does my leased vehicle come with a manufacturer’s warranty and breakdown cover?
Yes: all of our cars are brand new unless stated and come with a full UK manufacturer’s warranty. Breakdown cover is included for the first year as a minimum, and can be included throughout your lease contract for a small additional charge. Please get in touch for more information.
Q: Does my lease car have maintenance included in the monthly cost?
Maintenance is an optional extra with all our contracts, although occasionally it may be included as a special offer. If you require maintenance, then the cost of the lease may change. What is covered by your maintenance package may differ depending on the finance company used. It usually covers all servicing, tyres, brakes, exhaust, battery and labour. This can be very cost effective and save you the worry of unexpected bills. For more information, please contact us or view our Maintenance Packages.
Q: What is an “initial rental”, and how does this work?
This is the very first rental that is collected from you via Direct Debit. The larger your initial rental, the lower your subsequent rentals will be. This can be tailored to suit your budget.
Q: How are the rentals collected?
Rentals are collected via direct debit from your bank on a monthly basis. Your initial monthly rental is usually collected at the same time as delivery of the vehicle. Our sales support team will make sure you know when all your rentals are being collected.
Q: Why do I pay VAT on a rental?
When you take out a Hire Agreement, this is classed as a service and VAT is therefore applicable. VAT is charged and detailed on each monthly rental throughout the term of the lease agreement. This also makes it easier to work out any VAT that you may be able to reclaim. Ask your account manager for further details.
Q: What advantages are there to leasing my car through a business rather than privately?
The main advantage of leasing a car through your business is that you can claim some of the VAT back on the monthly rentals and there may be additional tax advantages which will benefit your company. For more information, please visit our Business and Personal Vehicle Tax Guide.
Q: I am a taxi driver, courier or driving instructor. Can I still lease a vehicle?
The offers on our website are for private individuals and companies who would not use the vehicles for hire and reward. At present we do not offer leasing to these business sectors.
Q: How long does the process take to lease a car?
This could be anything from a few months depending on the vehicle you have ordered, to just a few days if the car is in stock and on site at one of our dealers. If we can approve credit quickly and if your documentation is complete then there is no reason why you can’t be in your new vehicle in a matter of days. If it is a personal contract hire or regulated agreement then it may take a little longer. Distance marketing regulations are in place to protect you and require a minimum two-week cooling off period unless you visit our offices. If you visit Belmont Vehicle Leasing to sign documents and collect your car in person, we can sometimes reduce the lead-time further depending on the finance company. We can advise you of this at the time of your enquiry.
Q: I’m ready to go ahead. What happens next?
After you choose the car you would like and you submit an enquiry, a member of our team will contact you as quickly as possible. Once we have had a chat and you have told us what you are looking for, we will run through the options available to you and see what is best for you and your needs. When you are happy with the quote and the service we have given you, we will e-mail you a detailed quotation that lists everything that was discussed and a detailed breakdown of the cost. We may also e-mail you a finance application form at the same time. At this stage, once you have had time to read the quotation, you can complete the finance application. Once you are approved, we will e-mail or send you an order form for the vehicle and you can decide on the colour, trim and any additional options you may like. Our sales support team will look after all the official documentation and talk to you about any additional information we may need. Once we have all the signed documents in place and your car is in stock, we will arrange for it to be delivered to your home or work address on the day that best suits you.
Q: Can I have personalised registration number on my leased vehicle?
You are allowed personalised registration numbers, however as you do not own the car the registration number will temporarily become the property of the funder until they are assigned back to you - as per DVLA rules. Any assignment fees incurred are your responsibility and the funder may charge a small administration fee if they need to amend your lease documents. Please get in touch with us three months before the end of your contract and we would be happy to advise on transferring ownership of your registration number to you.
Q: Can anyone else drive my vehicle?
Yes, as long as they have your permission, a full UK valid driving licence and are covered by your comprehensive insurance policy. You must still remain as the primary user of the vehicle.
Q: If I went away on holiday or away on business, can I take my car abroad?
Yes, but there are a few exceptions.
Almost all leased cars can be driven in Europe. However, you will need to notify the funder and arrange for them to send you a completed DVLA VE103 form as proof of their authority to take a leased vehicle abroad. The funder may charge a small administration fee for this process. We can advise you of your options and help to guide you through the process.
Q: What happens if I go over my agreed mileage?
All of our leasing prices are based on an annual mileage allowance. This allows us to take into consideration the depreciation of your vehicle and calculate wear and tear. If you go over your mileage allowance, there will be a small additional charge to bring the contract back in line. This charge is usually on a scaling basis and may vary between finance companies. We will make sure you are aware of the amount of your excess mileage charge before you agree to your contract. As an example if your excess mileage charge is 7 pence per mile and at the end of your agreement your total mileage was 2,500 miles over the agreed contract mileage, then you will have an excess mileage charge of £175 to pay at the end of your contract (2,500 multiplied by 7p). Please note that if you significantly exceed your total mileage then the charge may exceed on a sliding scale.
Q: Can I increase the contracted mileage during my contract?
The mileage can usually be amended on a contract hire agreement during the term of the agreement, but there are some exceptions. Please speak to our sales support team as soon as possible if you think your mileage allowance may be wrong, or if your circumstances have changed.
Q: If I get a parking ticket or speeding fine who pays this?
Since the car is registered to the funder rather than to you, the funder is likely to receive any parking and speeding notifications. They will pay for these on your behalf, notify you and recharge the cost of the fine, plus their administration fee on to you.
Q: Can I change my car part way through my contract?
Although you are contracted to keep the car for the full length of the agreement it is sometimes possible to change your car a little earlier although an early termination fee may apply. Please speak to your account manager to see if this is possible.
Q: What if I don’t like this car anymore? Can I end my contract early?
We recommend that you research and test-drive vehicles before you decide to lease one since the funder is likely to charge an early termination fee should you decide to end your contract earlier than originally agreed.
Q: What if I decide I really like the car - Can I buy it?
Please speak to your account manager if you would like to buy the car. In many occasions it is possible to buy your car at the end of the agreement but in some cases this may not be possible.
Q: I’ve been involved in an accident or have damaged my vehicle - What should I do?
If the damage falls outside the fair wear and tear guideline, then you are obliged to have the damage repaired. Otherwise you will be charged for the repair after the car has been collected at the end of the lease agreement. Please look at our guide to “fair wear & tear”
Q: Where do I take my vehicle to be serviced?
Your leased vehicle will need to be serviced in accordance to the manufacturer’s maintenance schedule using original parts. Please note that some funders will allow you to service your vehicle at an independent service agent rather than a main dealer. Your account manager will be happy to offer advice and can also supply a full maintenance agreement for most leased vehicles.
Q: Do I need to service my vehicle before it I return it?
You only need to service your vehicle if it is due a scheduled service prior to it being collected. If your vehicle is returned after an annual service is due or if the service indicator light is showing that a service is due or overdue then you may be charged for the car to be serviced.
Q: Do I need to MOT my vehicle before I return it?
You only need to MOT your vehicle if it falls due prior to it being collected. In most cases this will not be the case. If your vehicle is returned and an MOT is due or overdue then you may be charged for the car to be put through the MOT test (this may incur additional charges). As always we are on hand to offer advice.
Q: What happens at the end of my contract?
As long as you are within your agreed mileage, have looked after your vehicle, serviced it in accordance with the manufacturer’s servicing schedule and its condition is within the fair wear and tear conditions you should not have any additional charges. Please make sure you always read the terms and conditions of any finance agreement so you are fully aware of the entire end of contract obligations. You do have options available to you at the end of your contract depending on the agreement type and finance company that your agreement is with. For example: You can start a new contract with a new vehicle if you wish and you may also have an option to buy the vehicle, or even extend your current contract should you prefer. Your account manager will advise you of your options and keep in touch over the duration of your contract.
For more information, or if you have any further questions, please contact us.