FREQUENTLY ASKED QUESTIONS
At AVC, we understand that leasing a vehicle can come with a lot of questions. That’s why we’ve compiled this FAQ section to provide clear, straightforward answers about our leasing options, processes, and benefits.
GENERAL LEASING QUESTIONS
What is vehicle leasing, and how does it work?
Leasing allows you to drive a new vehicle for a fixed period while paying affordable monthly rentals. You don’t own the vehicle but can easily upgrade or return it at the end of the term.
How is leasing different from buying a car?
Leasing provides flexibility without the long-term financial commitment or depreciation concerns of car ownership. You pay only for the vehicle’s usage over the lease term.
Can I lease a vehicle for personal use?
Yes, we offer Personal Contract Hire (PCH) for individuals looking to lease a car for personal use. This is ideal for those who enjoy driving new cars regularly without the hassle of ownership.
Is leasing a vehicle cost-effective for businesses?
Absolutely! Business Contract Hire (BCH) offers predictable monthly payments, VAT benefits, and flexibility for companies of all sizes.
What is the process for ending a lease?
Near the end of your lease, we’ll contact you to discuss your options, such as returning the vehicle, extending the lease, or upgrading to a new model.
PERSONAL LEASING QUESTIONS
What’s included in a Personal Contract Hire (PCH) agreement?
PCH agreements cover the use of the vehicle for a set period, road tax, and an option to add maintenance. You’ll only need to pay for insurance and fuel.
How long can I lease a vehicle for personal use?
Lease terms typically range from 2 to 5 years, depending on your preferences and needs.
Are there mileage restrictions with personal leasing?
Yes, you’ll agree to an annual mileage limit. Exceeding this limit may result in additional charges.
Can I end my lease early?
Ending a lease early may involve an early termination fee. Contact us for specific details based on your contract.
What happens if I damage the vehicle during the lease?
Normal wear and tear is expected, but excessive damage may lead to additional charges when returning the vehicle.
BUSINESS LEASING QUESTIONS
What’s the difference between Business Contract Hire (BCH) and a finance lease?
BCH is ideal for businesses seeking predictable costs and minimal responsibility, as the vehicle remains off the balance sheet. A finance lease offers more flexibility, appearing on your balance sheet and allowing for full or balloon payment options.
Can I reclaim VAT on a leased vehicle?
Yes, VAT-registered businesses can reclaim up to 50% of VAT on cars and 100% on commercial vehicles, provided the vehicle is used for business purposes.
Are there mileage restrictions for BCH agreements?
Yes, BCH agreements include an annual mileage allowance. Exceeding this may result in additional costs.
Can I add maintenance to my lease?
Yes, we offer optional maintenance packages that cover servicing, repairs, and more, helping you manage running costs efficiently.
What options do I have at the end of a finance lease?
At the end of a finance lease, you can either sell the vehicle to a third party or make a final balloon payment to retain use under a nominal fee.
SHORT-TERM LEASING QUESTIONS
What is short-term leasing, and who is it suitable for?
Short-term leasing is ideal for businesses needing temporary vehicles for new starters, short-term projects, or while waiting for ordered vehicles to arrive.
How long can I lease a vehicle for short-term use?
We offer flexible terms ranging from 28 days to 2 years, depending on your needs.
Are short-term leases more cost-effective than daily rentals?
Yes, short-term leasing is typically more affordable than daily rentals for businesses requiring vehicles for several weeks or months.
Can I lease both cars and commercial vehicles short-term?
Absolutely! We offer a wide range of cars, vans, and even electric and hybrid vehicles for short-term leasing.
Are there any restrictions on short-term leases?
Short-term leases include a mileage allowance and fixed monthly payments. Additional charges may apply if the agreed mileage limit is exceeded.