Frequently Asked Questions
Q. Do I have to pay a deposit?
Q. Do I get to see the car first?
Q. Are these new or used cars?
Q. What happens if I go over my estimated mileage?
Q. What happens if I want to return the car before the end
of the contract?
Q. What is Contract Hire?
Q. What is PCH?
Q. How often can I change my car?
Q: Do I have to pay a deposit?
Yes. This in the form of 3 payments paid in advanced.
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Q: Do I get to see the car first?
Because of the way the scheme works you don't get to see the car. however
like any other product, your rights are protected and if you are not entirely
happy with it you do not have to accept delivery and can send it back
without being charged.
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Q: Are these new or used cars?
New.
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Q: What happens if I go over my estimated mileage?
An excess mileage charge will be applied, which you will be made aware
of from the outset.
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Q: What happens if I want to return the car before
the end of the contract?
Simply contact your agent and they will arange for a settlement quotation
to be prepared for you.
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Q: What is Contract Hire?
Contract Hire is a fixed cost, low risk, alternative method of acquiring
a vehicle, and is available to all business users. It relies on a minimum
initial outlay, and fixed monthly rentals which pay for the depreciation
of the vehicle instead of the full invoice cost of the vehicle. It also
has the flexibility to incorporate all of your maintenance costs (including
tyres), if desired. At the end of the chosen term (24,36,48,60 months),
you just hand the car back and begin a new agreement.
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Q: What is PCH?
PCH is an abbreviation for Personal Contract Hire. It works in exactly
the same way as Contract Hire, except the hire agreement is designed for
the individual driving the car, not the business or company she/he works
for. Therefore, no benefit in kind taxation is payable to the Inland Revenue
for the private use of the vehicle. In essence, she/he pays depreciation
and finance interest only, rather than the whole cost of the vehicle,
and hand back at the end of the agreed term of hire.
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Q: How often can I change my car?
You can change your car every 2,3, or 4 years (depending on you payment
cycle).
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