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Vehicle Contract Hire & Purchase Specialists

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Your questions answered about Personal Leasing


1. What is Personal Contract Purchase?

Personal Contract Purchase (PCP) is ideal for private individuals wishing to lease a car and take advantage of the vehicle discounts usually only offered to large fleet customers. The finance a package allows you to drive a new or nearly new car for a set period of time, doing an agreed but flexible number of miles with the option to purchase at the end of the lease.

2. What Lease periods do you offer?

We offer any lease period from 24 months to 60 months on all new cars and a large selection of cost saving nearly new cars and any annual mileage.

3. What's included in the Lease Package?

If you opt for a Non-Maintenance the vehicle is supplied with Road Tax for the first year.

4. Do you offer a Full Maintenance Package?

Yes, not only do we offer a full maintenance package but it is the most comprehensive currently available in the UK ensuring complete worry free motoring.

5. What's included in the Full Maintenance Package?

The full maintenance package includes:

  • Full Maintenance and Servicing Cover 
  • Unlimited Tyres, exhausts and batteries (subject to fair wear and tear) 
  • Free car collection, clean and return for routine servicing 
  • Road Tax for the first year 

6. What is Gap Insurance?

Should you ever be unfortunate enough to have the car stolen or written off the insurance payment may not cover the amount outstanding on your finance agreement. This is because insurance companies tend to make payments based on the current market value of the car excluding any finance arrangements. 

GAP (Guaranteed Asset Protection) Insurance does exactly what it says - it bridges the "gap" between the insurance payout and the settlement figure.

7. Who owns the car?

We own the car until you purchase the car at the end of the lease (should you choose to do so). If you want to own the car you pay the balloon payment at the end of the lease period and the car is yours. (The balloon payment is provided on all quotations).

8. What car can I have?

We offer all new cars and have a large selection of cost saving nearly new cars. You can have more than one car if you wish subject to status.

9. How much deposit do you require?

Most people pay just 3 monthly rentals deposit although lower and higher deposits can be considered subject to status.

10. Which cars are best to go for?

It really depends on your needs. With this kind of scheme an important factor is how much the car will be worth at the end of the lease and the amount of discount we receive from the vehicle manufacturer. Keep an eye out for our special offers.

11. Can I add accessories?

There is no difference between us and a car dealer. We can supply all dealer and manufacturer fitted accessories. Some accessories carry a residual value and so your monthly payments not increase as much as you expect when added.

12. Where will the car come from?

We have our own network of reputable and reliable suppliers across the whole of the UK who supply vehicles at our agreed discounted prices. If however you would prefer for us to buy the car from your local dealer then this can be arranged.

13. What's the Process?

Initially complete our website quote form to receive a quotation and application form. If you are happy with the figure quoted complete the application form and return to us for credit assessment. We then ask 
you to sign an order form for the car and we order it on your behalf from the chosen supplier. The paperwork is then posted to you for completion.

14. How do I pay?

  • The deposit must be paid by cheque 
  • Monthly payments are made by direct debit. 
  • What happens if I leave work, etc? You decide. You either continue as before or we can offer you a settlement figure. 
  • How much does it cost to settle an agreement early? We look to see how much you have paid and have left to pay on your lease, Including the Balloon payment. This is made up of the loan you took plus the interest charged. We then refund the interest and the remainder is the settlement figure. 

15. What motor insurance cover will I need?

The vehicle must be insured with a fully comprehensive motoring policy.

16. What Happens at the end of the lease period?

 You have a choice to make. 

1. You can purchase the vehicle at the price agreed at the outset 
2. We arrange collection of the vehicle 
3. We collect the vehicle and supply you with another 

Direct Car Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 728617

Registered in England & Wales with company number : | Data Protection No : Z9006575 | VAT No : 865 0123 42

Registered Office : 23 Oak Lane, Figheldean, Salisbury, Wiltshire. SP4 8JS

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

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