Car Finance and Car Leasing – Who Really Owns The Car?

August 4, 2010 by FinanceAcarUK

The person responsible for a car or vehicle in the UK is not necessarily the same person as the owner. In the UK this person is called the ‘registered keeper’ and they must be recorded as such with the relevant government agency.

The owner of a car holds the legal title to the motor vehicle, but in the case of car leasing, hire purchase or a car loan, the current keeper is the individual who actually has control of the vehicle. The details such as name and address of the current keeper are kept on the vehicle register which is maintained by the “Driver and Vehicle Licensing Agency” in Great Britain. It is of course compulsory for the vehicle to be registered on this database if it is to be used on a public road in the UK.

This distinction between the owner and the registered keeper is necessary because really you don’t actually own the car which you’re buying on many car finance products such as hire purchase until such time as you’ve paid off the very last instalment. So you may be telling all your friends that you own a new car, but technically it’s not quite true.

With car leasing, this ‘registered keeper’ will be someone who is going to lease a car from the financing company which actually owns it. Or they may be leasing the car in a contract purchase arrangement, which is a little more like a hire purchase.

The registered details on the database include the manufacturer, model, year, engine capacity, colour and vehicle identification number. All these details are also entered on a document called the V5C which the registered keeper is meant to receive and hold on to.

If you are going to lease a car through contract hire, then you must make sure that you get hold of this V5C document from your leasing company. Otherwise you may have some administrative difficulties when you seek to insure your motor vehicle as you are required to do.

If you are not the registered keeper on the V5C document and the database, then there may be administrative difficulties if (or when) you commit a traffic violation. Say you drive 35 miles/hour in a 30 miles/hour limit zone and your picture is taken for posterity by a yellow traffic camera. The registered keeper will receive that fine in the post.
If you are the registered keeper, then it’s a simple process to pay the fine. Otherwise it will go to the funding company which has itself on the forms as the registered keeper. Some funding companies then pay the fine and then charge you an administrative fee for having done so. That administrative fee may be larger than the fine itself. Crazy? Yes, but that’s the way the arrangement could work if you don’t ask questions up front.

Car leasing should be a straightforward and simple business. The most popular car leasing product for a business is called ‘contract hire’ and if you are an individual it is called personal contact hire. The name says it all. You pay the money monthly, you drive the car and when you stop paying at the end of the contract, you choose a new car and start all over again.

Tags: , , , , ,
Posted in Car Leasing Information | Leave a Comment »

Nissan Qashqai Special – Leasing Deals from £165.00 per month (Excl VAT)

July 30, 2010 by FinanceAcarUK

Originally British designed and built, yet named after the nomadic Qashqai tribe in Iran, the Nissan Qashqai is a very popular vehicle in the UK with approximately 35,000 sold in the UK last year.  It is a top 5 seller in the competitive category of lower medium cars alongside Ford Focus and Vauxhall Astra.  It’s competitively priced at around £15,395 (or £165.00 per month (excl VAT)) and has a sleek look and feel. What Car? says it is “a brilliant family car because it’s roomy, comfortable, refined and affordable to run. The king-of-the-road driving position is another plus point, and standard equipment is good.” 

It is styled to cater to those buyers who want a more dynamic design, but are not attracted to the large, aggressive nature of a sport utility vehicle.  Top Gear says “Nissan’s designer and engineers can tick their boxes. They’ve met the brief – the Qashqai looks a bit like an SUV, drives a lot like a car. It actually works quite well. Space is excellent, with the Qashqai offering plenty of head and legroom throughout the cabin. The rear bench is wide enough to carry three. At 410 litres, the boot is big for a car in the C-sector (the Focus manages 385 litres).” 

Be sure to check out our fantastic car leasing special for four year deals on Nissan Qashqai Hatchback 1.6 Visia 5Dr.  For a 48 month contract hire deal you could drive this car for just £165.00 (excl VAT) per month. Alternatively, for personal leasing you could drive this car for £205.00 (per month (incl VAT) using personal contract hire leasing.  Check our Nissan Qashqai Hatchback special now.

Posted in Best Car Finance Deals, Car Leasing Deals, Car Leasing Special, Nissan Qashqai Special | Leave a Comment »

Discounted Prices And Increased Demand For UK Cars

July 16, 2010 by FinanceAcarUK

According to the Society of Motor Manufacturers and Traders (SMMT) the UK car market grew by 10.8 per cent in June 2010 with this growth being mainly driven by a 25% increase in company purchases. This goes against what some industry analysts had predicted and their pessimism was based on the end of car scrappage scheme.

According to the Financial Times, analysts agree that demand for cars grew among businesses. With the scrappage scheme now over, some carmakers are offering discounts to attract consumers accustomed to getting a bargain when they buy a car. We are seeing a lot of incentives around at the moment,” said Mike Steventon, partner with KPMG’s automotive group. “That is one of the reasons why retail sales have not fallen yet.” Ford, which experienced high demand for its Fiesta under the scrappage scheme, announced reductions on list price this week for several of its smaller models, all due to take effect from next month.

So, what does this mean for the car shopper? Whilst the manufacturers are offering great deals on some models, the supply for others is much tighter. Car shoppers opting for the models that are in high demand and wanting to buy a car or use car finance, contract hire or car leasing may have to wait up to 2 – 3 months for delivery. This is a consequence of the manufacturers implementing a cautious approach to supply and opting for a much more reactive supply strategy this year than the optimistic one they used in 2008. That strategy left them high and dry when the speed of the global credit crisis took many industries, not just the auto sector, by surprise.

Tags: , , ,
Posted in General Motoring information | Leave a Comment »

Lease Hyundai Coupe for only £313 incl. VAT per month

July 14, 2010 by FinanceAcarUK

This is one of our favourite coupés and it’s always held a special place in our hearts. Hyundai are another of those Johnny-come-latelys as a car manufacturer who hasn’t had the time to build the pedigree of some of the snobbier brands. However it has come a mighty long way and certainly has a very good reputation amongst those, like ourselves, who’ve actually driven and had one in the garage for a few years.

The Hyundai Coupe of the 21st Century has been a marvellously well sculpted car and is certainly very pleasant on the eye. The backend has been compared by more than one reviewer to a Ferrari 456. It’s also a sporty and simply fun car to drive.

That’s why we wanted today to mention our offer on Hyundai Coupes, where you could be driving a Hyundai Coupe 3dr SIII through personal contract hire for only £313 incl. VAT. This is a great opportunity to be driving a fantastic car that’ll win a place in your heart.

Making brand-new cars like this available to you is what the car leasing side of our business is all about.

Now, often when I want to know something about a car, I consult with the real man’s guru, our friend Mr Clarkson. He’s reputedly quite a fan of the Coupe and the BBC recently had this to say in a trade magazine about it:”I know Jeremy’s a fan of the Coupe; he and Richard Hammond are both big fans, They’ve both said it’s great value, and a seriously good sports car.”

So if you have never considered it, then take a look at this beautiful car one day in person, and you might just fall for it like we did.

Tags: , , ,
Posted in Car Leasing Deals, Car Leasing Special | Leave a Comment »

Lease Skoda Fabia Hatchback for only £162 excl VAT per month

July 12, 2010 by FinanceAcarUK

Sometimes it’s amazing just how far the world has come in such a short time. Not that long ago, Skoda was a state-owned car company on the wrong side of the Iron Curtain producing very mediocre vehicles in small numbers. Two decades later and they are very far from a joke indeed, making some of the most popular cars in their categories. Don’t just believe me – check out the stats on dealer and driver satisfaction surveys. They’ll back me up on this.

There are numerous cars in this category that might compete head-on with the Skoda – the Ford Fiesta, the Toyota Yaris, the Peugeot 207 amongst others. But Skoda holds it owns against every single one and could top the lot in many people’s books.

That’s why we knew we had to bring this fantastic offer to your attention. You could now be driving a Skoda Fabia Hatchback 1.2 for only £162 excl. VAT on one of our contract hire deals for businesses. Car leasing is most often the way to go for a small business, along with the large businesses which rarely own their own vehicles. This is an excellent car leasing deal and if you’re even considering that you might lease a car for your Managing Director and all his sales trips, then you take a look at this special offer.

Let’s be perfectly clear that this is not a small car. In fact, the Times had this to say:”internally it has been given a touch of the Tardis, with a surprising amount of room for tall occupants of the rear seats and lots of space in the front, too, with plenty of seat and steering-wheel adjustment.”

So you could end up driving the Tardis on company time? You’re not likely to see another car leasing offer like this for a while, so do check it out.

Posted in Uncategorized | Leave a Comment »

Lease Kia Sportage for only £302 incl. VAT per month!

July 8, 2010 by FinanceAcarUK

For a very long time, SUVs were where every manufacturer was racing to be. They were tremendously popular and very profitable, however now with the recession and a shift towards more economical options, you may not be thinking that you can afford one. The right SUV can be a joy to drive and maybe you should still be considering it once you realise how it’s not nearly as expensive as you might have thought. What we have here is an SUV for the same price you might be paying for any other sort of mid-sized family car.

It’s our offer on a Kia Sportage 4×4 5 dr Estate 2.0 XE, which you can take home for three years (36 months) for only £302 per month including VAT (i.e. on a personal contract hire). This is a truly great offer and one that makes an SUV far more affordable.

Now Kia are not a famous brand which has been around forever – that’s true. They’re now owned by Hyundai and selling a great number of car because of one very simple fact – they make very good cars and the reviews on the Sportage are positive, not to mention the seven (7) year warranty which the manufacturer now offers. This is the best in the industry and gives a clue as to how much confidence they have in their own vehicles.

This is precisely the market the Kia Sportage is aimed at, those people who might idlely have wished for a SUV but thought they coudn’t afford a good one. This point is emphasized by Gavin Conway in the Times when he says:”The logic is that customers wanting, say, a nice hatchback such as a Ford Focus or a Vauxhall Astra, might plump for a Sportage SUV when they see that it costs the same sort of money. Similarly sized compact SUVs such as the Toyota RAV4 and Honda CR-V are much more expensive.”

So – if you’re one of those people – definitely do take a look at this car leasing deal and don’t delay. Have a play with our website at www.financeacar.co.uk/car-leasing and see what other great contract hire options exist.

Tags: , , ,
Posted in Car Leasing Deals, Car Leasing Information | Leave a Comment »

Lease Vauxhall Insignia for £358 incl. VAT a month!

July 6, 2010 by FinanceAcarUK

The team at General Motors really pushed the boat out when designing a new range to replace the old Vectra, and aimed squarely at the Volkswagen Passat and Ford Mondeo. The Vauxhall Insignia is a great car for long drives and when you spent a lot of time on the road. It’s also a super family car, which is why today we’re emphasizing the great personal contract hire deal we have on where you can lease a Vauxhall Insignia through us for only £358 a month incl. VAT.

Vauxhall is a grand old British brand, of course, though owned by General Motors and really their public face in Europe, and by extension the good old U.S. of A. government nowadays.

This latest car leasing deal is on a Vauzhall Insignia Hatchback 5dr 1.8i 16V Exclusiv for only £358 a month incl. VAT. And yes, that’s the name of the variant which is totally exclusive but only lacking an ‘e’ at the end. Vauxhall and General Motors have been around for a good long while, but this is all fairly new, and not as conservative as you might think though there are nods in the styling towards the golden years of yesterday when the Vauxhall was always the car of choice for a travelling salesman.

So what did the conservative Daily Telegraph have to say? Well, Andrew English over there was positive and commented that he was : “shocked at how good and, well, modern the Vauxhall appears. Is this really the griffin-badged ship of the motorway that will carry sales warriors into battle? The chromium trim around the windows, the pert tail and distinguished snout look to be of another class of car altogether. A BMW maybe? Perhaps a Volkswagen, or even an Audi?”

So, it’s clear that Vauxhall have been aiming high with this design and with car leasing, there’s a way you can definitely afford to drive one. So consider a contract hire deal and check this and other special deals out at www.financeacar.co.uk/car-leasing.

Tags: , , ,
Posted in Car Leasing Deals, Car Leasing Special | Leave a Comment »

Lease Fiat 500 Hatchback for only £151 per month excl. VAT!

July 5, 2010 by FinanceAcarUK

Old classics never die, they just get reborn with a new concept, a new designer and a whole new look for the 21st Century. The Mini is a clear example of this, and Volkswagen started the whole thing when it brought back the Beetle. But there’s an argument that the leader of the pack is the Fiat 500. It’s cool, it’s snazzy and it’s got a lot of cheeky charm and all at a price a lot lower than you’d believe possible.

The Fiat 500 was and remains an icon. Once Volkswagen and Mini had led the way, there was little choice for Fiat but to visit their own past and bring back something just so very, very cute so another generation could fall in love with it all over again. Though perhaps many would rather lease a car this time, than go through the hassle of ownership.

Now to celebrate this, we’ve got a special contract hire offer for a Fiat 500 Hatchback 3dr for only £151 excl.VAT for month for business contract hire. Yes – it really is no more than that. And it’s so cheap and cheerful, perhaps you’d like to have ‘his and hers’ in a family business?

It’s a great drive as well and the Fiat engineers have pulled off something wonderful with being able to emulate the original design, but making it all about 30% more spacious. And Jeremy Clarkson in the Times, no lover of small cars cute or not, immediately and easily agreed that this Fiat 500 is an instant classic. He had this to say:”It’s cheeky and nonthreatening without being pathetic. It’s practical without being boring. It’s well priced as well.” And you don’t get praise much higher than that for a car coming in at only £151 per month excl. VAT!

So, if you’re feeling in the mood for a little Italian, do consider a Fiat 500 Hatchbook car leasing deal. It’s contract hire at its Mediterranean best!

Tags: , , ,
Posted in Car Leasing Deals, Car Leasing Information | Leave a Comment »

Lease BMW 5 Series for only £358 a month

June 30, 2010 by FinanceAcarUK

The BMW 5 Series is simply the car you would have to pick if you were planning to cross a continent in style. It’s made for great distances in absolute comfort and sophistication. It may not be what you need for parking in a little side road in London – but wait, it has its own self-parking system (highly rated by reviewers) so maybe you could. After all, it parks itself… though it may have to wait until the next generation before it will find the parking for you and offer the full valet parking service itself. Now that would make me rush out and arrange a contract hire deal…

But until the engineers in Germany get to grips with making that happen, we have to make do with the next best thing to motoring perfection that is the BMW 5 series.

Now, let’s say you need a vehicle primarily for work and you need to drive significant distances across the British countryside. Then you can certainly justify this  beautiful car for work and of course it’ll send the right signals about your business success.

We have a super BMW 5 series offer that more people should be taking advantage of. It’s a business deal (which means you only pay half the VAT on a car leasing monthly payment) and it’s only £358 excl. VAT a month! You could be driving a BMW 5 Series 4dr Saloon 520d SE Business Edition for only £358 a month excl. VAT!

Being a diesel, you are going to find it surprisingly economical and yet powerful. The Telegraph had this to say: ‘What’s most remarkable is the unit’s economy (44.8mpg in the Combined cycle) which means that CO2 emissions are just 166g/km and VED tax just £180 (first year rate £250). Put your foot down and it is hard to reconcile this shove in the back with such frugality.’ So you’re not sacrificing anything by going the diesel route.

So do give it a think. With the economy down, there are some good deals about, so get ahead of the crowd and into a superb car like this one with a contract hire deal. Car leasing is certainly the way to end up driving the car of your dreams.

Tags: , , ,
Posted in Car Finance information, Car Leasing Deals | Leave a Comment »

Lease Nissan Micra for less than £100 per month!

June 29, 2010 by FinanceAcarUK

What a fantastic car leasing deal and one you’re not likely to see one like this again for a while. OK, it’s £99.99 excl. VAT for a Nissan Micra contract hire over 48 months – that’s not much at all is it? And that’s why we had to have a little bit of a shout about it on our blog today. What is even better is that we have these in stock, so there’s no waiting around for a factory order to arrive. If you’re planning to lease a car for one of your salespeople in your business, then you should look no further because you won’t be seeing a better deal than this for a while.

There was literally a little buzz of excitement around the office when we realised we could bring this offer to you. It’s the kind of contract hire offer we dream about having on our site. Just the thing to cheer us up after the disappointing English World Cup campaign. But if you’re still feeling patriotic, remember the Nissan Micra is locally built up in Tyne & Wear.

The Nissan Micra is actually known as the March in Asia, which could be a very good name for a car – plenty of springtime associations. But this car is not just for a summer, it has a great reputation for quality and reliability.

As agreed by Top Gear (the Australian version – thought we’d give them a chance in case they were depressed about the cricket) when they said:”Its teeth may be on the long side, but you wouldn’t kick this cute little babe out of bed. Properly developed and surprisingly sprightly to drive. Cheeky chic.” So there you have it – it’s sprightly to drive, say the fellas in the hats with corks.

So – think about it – you could be leasing a Nissan Micra 3 dr Hatchback 1.2 Visia for only £99.99 excl VAT a month! Contract hire should definitely be considered, even if you’re new to it, when you have this good a bargain available. Next time, lease a car and save yourself all the hassle.

Tags: , , , ,
Posted in Car Leasing Deals, Car Leasing Information | Leave a Comment »

« Older Entries