Northridge Cars Vehicle Leasing

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Ultimate Guide to Vehicle Leasing

What is car leasing? - the Ultimate Leasing guide 

Welcome to our ultimate guide to leasing. We thought it would be beneficial to outline the intricacies of vehicle leasing for those who aren't familiar.

Car leasing is exactly what it says on the tin. Otherwise known as ‘long term rentals’, you will agree a contract period, usually between 2 and 4 years in length, where you will make a monthly payment against a brand-new car, allowing you to drive the very latest technology available on the market. You may also have heard of the term PCH, which is the same notion as leasing. Leasing, or Personal Contract hire, is an agreement where you loan the car, without having to worry about the depreciation of the car.

Vehicle Leasing FAQ 

•Do I own the car – no, you are simply leasing the car through Northridge Cars Leasing who you pay a monthly payment to. Once your contract ends, you return the car to Northridge Cars Leasing. 

•Is mileage limited – the mileage will be agreed at the point of taking out the contract as well as any additional mileage costs.

•Do I have to pay for insurance – yes, you will be responsible for insuring our brand-new car as you would if you purchased it outright. 

•What happens if I have an accident – you should go through your insurer as you would any other time. You should also contact us if you have had an accident so we can ensure the car has been repaired to our standards. 

How does leasing through Northridge Cars Leasing work?

Firstly, you will browse our website for our top leasing deals, which can be done by manufacturer or simply filtered by our best leasing deals at the time. Alternatively, you can search all car or van deals which allows you to filter by your own preferences, whether budget, engine size or bodystyle. Once you have found a deal that works for you, simply place your order online. If you do need to speak to a member of our team before signing on the dotted line, there are a number of ways you can get in touch, from phone to email. 

During the order process, you will be shown a summary of the agreement which outlines the initial term, monthly price and annual mileage allowance. Once we have received your order, we will be in touch to arrange the delivery of your new vehicle. 

How far will I have to travel to collect my car?

We have a national delivery service so we can deliver the car directly to your door. This means the whole buying process can be done from the comfort of your own home. Once the agreement is complete, we will be in touch with you to arrange delivery of your new vehicle. 

We will send you confirmation of your delivery once it has been booked in and then once delivered, we will give you a courtesy call to check that everything is in order with your new vehicle. 

Do I own the car? 

No. Throughout the duration of your leasing contract, you will simply be renting the car from Northridge Cars Leasing. Unlike a PCP deal, there is no option to purchase the car at the end of the term. Am I limited to what I can lease? Absolutely not! We have a wide range of models from popular manufacturers for you to choose from. 

There may be limitations in terms of affordability and monthly payments, but that will be discussed on an individual basis. Some of the most popular models in our range include the Volkswagen Golf, the Range Rover Sport and the Mercedes Benz E-Class

Are lease vehicles only available for businesses? 

No, definitely not. We have a range of leasing offers to suit business customers, but we also have fantastic personal lease options available. Vehicle leasing has become more popular among those who want to drive a brand-new model with the latest technology, without putting down a hefty upfront payment.

What do I need to consider when leasing a vehicle?

You will be responsible for insuring the car, as you would with any other car finance deal. Road tax will be included in the regular monthly payments, so you don’t need to worry about factoring this in as an additional cost. As part of your contract, you will have an agreed annual mileage so you will need to be able to predict what this will be, based on your previous mileage. If you go over your annual mileage agreement, you will be charged for any additional mileage when you return the vehicle. 

You can add a maintenance package to your agreement if you want to take advantage of worry free motoring and keep your costs the same each month. Cars won’t be required to go through an MOT test until they surpass 3 years of age, so unless your lease vehicle reaches this age, you don’t have to worry. Once the vehicle is over 3 years of age, you will be required to have a valid MOT certificate. 

What happens at the end of the agreement? 

Once you have come to the end of your lease, you will have a few options. If you opt to switch to another lease deal, it’s recommended you do this within good time, especially if you want to move to a deal on one of our most popular models. We will aim to do the switchover on the same day to prevent you from being without a car. 

If you don’t want to lease another vehicle, we will be in touch with you to arrange collection of the car where it will be checked in accordance with the BRVLA’s Wear and Tear guidelines. We hope to have answered all of your questions, but if there’s anything you need to clarify, contact our team today.

NORTHRIDGE CARS  IS AUTHORISED BY THE FINANCIAL CONDUCT AUTHORITY. We are a credit broker and not a lender, which means we can introduce you to a limited number of finance providers, who may pay us a commission. Registered No : 661126

Registered in England & Wales with company number : 4256533 | Data Protection No : Z3092722 | VAT No : 772506230  BVRLA Leasing Broker Registration Number 1965

Registered Office : 1-3 St Albans Hill, Hemel Hempstead, Hertfordshire, HP3 9NG

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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