About six months before the end of the contract, our renewal team will contact you to discuss your replacement options. Depending on the type of contract, you can return the vehicle, renew the contract or buy the vehicle from the financial company (depending on the lessor). A shorter lease means you can change your vehicle more often, while longer contracts usually mean cheaper monthly payments. It should be noted that if you enter into a 48-month (four-year) agreement, you are responsible for the MOT and all maintenance requirements, as established by the financial company in the final year of the contract. If your contract includes an optional discharge vehicle, this can be agreed to the maintenance number indicated by the financial company. Please note that we cannot support companies that wish to use the leased vehicle for hire and reward purposes. These include taxis, drivers, car schools and rental companies. Some funders also have additional constraints for customers working in the automotive trade. For more information, please contact one of our leasing consultants. Whether you, your company or the financial company takes possession of the vehicle at the end of the agreement depends on the nature of the contract. You should also see this as your debit reference number on your statement of account or in your online bank. There are 7 numbers or 7 numbers and 1 letter, H, G or F.
Our investigators must check your vehicle during pickup to ensure that the vehicle is returned to the state agreed upon at the beginning of your contract and, if not, we have found damage or missing parts. Our vehicle collectors operate to well-defined standards and are all experts in vehicle evaluation. We are not in a position to offer “no deposit” to new customers. However, if you extend a contract with us, you may be able to use a low initial rent, usually synonymous with a month in advance. Check out our latest vehicle rental offers available with a low initial rental. For some storage vehicles, we are able to offer delivery within 7-10 days of receiving the correct documentation of the vehicle. Nationwide Vehicle Contracts will keep you informed of any known changes to the delivery date of your vehicle so that you can take all necessary precautions. Nationwide Vehicle Contracts Ltd has no control or influence over the manufacturer`s delivery times and assumes no responsibility for losses or inconvenience caused by a manufacturer`s delay. Please note that national vehicle contracts do not provide for the availability of a rental vehicle if your delivery time is delayed by the manufacturer. Maintenance is optional and includes all maintenance work, necessary tire maintenance, brakes, exhaust and battery of your vehicle, as well as necessary labour costs.
For more information, visit our maintenance area. If you`re not sure you`re eligible for vehicle financing, you can use our free, interactive vehicle finance service at L`Eligible for Personal Vehicle Finance or the Business Vehicle Financing Tool. Most lenders require a good to excellent credit rating to be accepted for vehicle financing. It should be noted that no lender uses only your creditworthiness to approve or refuse you for financing. Often, many other factors come into play, such as your ability to make regular payments on time and any other debts you may have.