Corporate Leasing

When you have a Personal or Business Contract Hire lease agreement on a car or van, you lease the vehicle for an agreed period. This is known as a ‘lease period’. Even though the car is in your possession, you do not own it.

The way a car lease agreement is worked out is pretty straightforward:

• We work out what the value of the vehicle will be by the end of your contract, taking depreciation into account.
• You set a mileage limit that will best suit your driving needs. (This can be reviewed throughout the lease period, and we make it easy for you to increase the mileage in your contract to something more appropriate if necessary.)
• Our team constantly updates our pricing to ensure you are offered the best EV leasing deals on the market.
• The electric vehicle lease quote can be personalized to suit your budget requirements – generally, the more you pay upfront, the less your monthly rentals will be.
• You make fixed monthly rentals for the period that your contract runs. Once the contract ends, you simply return the vehicle to us and look at which car you want to drive next.

With personal leasing / contract hire agreements (PCH) the vehicle needs to be returned at the end of the lease agreement.

The ‘initial rental’ payment is your first month’s rental and it is typically higher than your monthly rentals.

An initial payment is different from a ‘deposit’ as it is a payment towards your lease cost. Often displayed as 1,3, 6, 9, or 12 months, it can also be a specific amount depending on your requirements. The more you pay upfront, the less you pay per month, but the overall cost remains the same.

You can use our online calculator when quoting via our website, to see how the initial rental impacts the monthly rental.

There are various options that you have at the end of your lease agreement, including choosing a brand new EV! Our teams of experts will be more than happy to discuss the best options for you, whether it be getting a new vehicle arranged, sorting an extension of your current vehicle, or arranging collection and termination of your current agreement. 

If you would like us to call you to discuss your options, please use our Contact form and a member of our team will be in touch right away! 

Alternatively, if you would like a specific 10 minute slot in the coming weeks for us to discuss your options with you, please book a slot with one of our EV experts.

You will not be able to change your vehicle part way through the lease.

You can request an early settlement quote to terminate the lease prior to the end of the agreement, but it can be expensive to do so.

If you are interested in obtaining an early termination quote for your lease, please submit a request via our new Contact form and a member of our Customer Experience Team will be in touch within 24 hours (Monday to Friday).