What payments will be taken and when?
We know it can be hard to keep track of what you owe at the start of a new financial agreement. A vehicle lease follows a standard structure that is similar to many other loans and funding methods, of which it is important to familiarise yourself with.
Want to know what you will be expected to pay and when, once you've ordered your lease vehicle? Then look no further!
1) Processing fee – before delivery can be arranged.
The first fee you will be required to pay will be our £270 (inc VAT) processing fee. This can be paid by debit or credit card over the phone to our administration team, or via BACs payment.
2) Initial payment – 7 to 10 days after delivery
Your initial payment will be taken by direct debit 7 - 10 days following delivery of your vehicle.
3) Monthly payments – a month following delivery
Your monthly payment will be taken by direct debit a month after delivery. This will be taken on the same day every month but you are able to call your funder and change this date if required.
4)Additional charges – once the lease car is returned to the funder
Additional charges for damage or excess mileage will be billed by the funder after you hand your lease vehicle back to them.
Was this article helpful?