Your vehicle leasing questions answered

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What is car leasing?

Vehicle leasing is a long-term rental agreement that allows you or your company to use a car or van for a set period of time at a fixed monthly price. It is an alternative, and often cheaper, funding solution to buying a new car or van with a bank loan or dealer finance.

Car leasing is a long term leasing agreement that provides you the lessee with exclusive use of the car for a period of time for a fixed monthly price. The fixed monthly price is determined by parameters such as mileage, vehicle term of agreement amongst other things.

Do you offer personal leasing?

Yes, all our business leasing offers are available as personal leasing. Simply find the vehicle you’re after and call us for a personal leasing quote.

Am I eligible for business car leasing?

If you are running the vehicle through any business and the business is paying for the lease you may be eligible for business leasing.

Are there different business leasing finance options?

We have a range of business finance solutions available and our business lease experts will guide you through your options and help you decide which is best for your business.

I am self-employed; can I have a car on business lease?

Yes you can if the business is paying for the vehicle.

What does my lease contract cover?

Typically, every leasing contract from Listers covers the following:

  • Free UK mainland delivery
  • Full manufacturer’s warranty
  • Breakdown recovery*
  • Road tax

Is maintenance included in my monthly payments?

No, maintenance is an optional extra you can include into your leasing agreement. You can find out more what’s included in our maintenance below.

What does maintenance cover?

Maintenance contracts take the worry out of any added expenditure for the full term of your contract. If this option is taken out it removes the cost of any servicing, none warranty work and even your tyres for a fixed monthly price added on to your monthly rental. This price varies depending on mileage and term of the contract.

Is roadside assistance included in my lease contract?

Yes. Every business lease contract with Listers includes either 12 months or three years’ breakdown recovery, depending on the vehicle you have decided to lease.

Is insurance part of the lease agreement?

No. It is your responsibility to arrange insurance on your lease vehicle. The insurance must be fully comprehensive and the hirer obtaining the finance must be the main policy holder or a named driver on the insurance certificate.

What if I have an accident in the leased vehicle?

If you have been involved in an accident and your vehicle is declared a write off, you must inform the location you leased your vehicle from. You will need to provide written confirmation from your insurance company that the vehicle is a total loss before providing an amount for settlement of the vehicle contract. Listers Group can also off you Finance and Leasing GAP insurance should there be a shortfall in settlement.

Does the vehicle come with a warranty?

Yes. All of our vehicles come with full UK manufacturer’s warranty. The length of time this warranty covers will depend on the manufacturer.

Will a credit check be performed?

Yes, as part of the leasing application process you will need to submit a finance application.

How will my vehicle be delivered?

We deliver all vehicles on a transporter unless it is within a short distance and prior permission would be sought from you before the car was driven.

What happens when I need a vehicle serviced or repaired?

If you have taken out maintenance as part of your lease agreement, you will be supplied with a contact number at the beginning of your agreement that you contact to book your vehicle in for its service or repair.

If you have not taken out maintenance as part of your lease agreement, you must contact the finance company who will advise you what the process and requirements are.

What happens in the event of a breakdown?

All of our leasing vehicles include a minimum of 12 month breakdown cover from the manufacturer. This will depend on the vehicle you have chosen. With your vehicle you will have received an emergency contact number.

What if I need a replacement vehicle?

You will need to book in with the relevant garage to ensure there is a courtesy car available at the time of booking the vehicle in for a service.

What happens if I do more miles than set out in my lease contract?

As part of your lease agreement, you will be charged a set amount for any excess mileage at a rate per mile. Although with most lease agreements you can renegotiate your contract term and mileage during the life of the contract but not when the vehicle is within its final 6 months of the term.

Can I customise or modify my lease vehicle?

Any modification must be approved by the lease company and will either need to be removed and repair made good before the vehicle is returned or left on the vehicle when it is returned. The leasing company will advise you of what you can and cannot add to the vehicle.

What happens at the end of the vehicle agreement?

You will be contacted by a member of our leasing renewals team six months prior to the end of your contract who will discuss your replacement options with you.

Do I have the option to buy?

There is an option to buy a Personal Lease vehicle at the current market value for the age and mileage of the vehicle.

If the car has been on a Business Lease the business cannot buy the vehicle but a member of staff or the driver can personally buy the vehicle.

How does collection work?

You must notify the leasing company regarding collection of the vehicle. They will need a minimum of 5 working days’ notice to arrange the collection of the vehicle, and if this exceeds the contract end date late hire charges may apply.

What’s considered a fair level of wear and tear?

Each finance company provides its own guidelines as to what is acceptable wear and tear, based on the age and mileage of the vehicle. Exceed these guidelines and you will be liable to pay for the damages.

Can I terminate my agreement early?

If you would like to terminate your contract early, please contact your Listers leasing provider who will be able to discuss your options.

Can I drive my leasing vehicle abroad?

Yes you can within the EU but you have to seek the permission of the leasing company who will provide you with any documentation you may require to travel abroad within the EU.

I have found a better price elsewhere, can you match it?

At Listers we always aim to be competitive in the market place not only for the vehicles we provide but the aftersales service we provide during your contract term. We will certainly take a look at the competitor quote you have acquired to compare and discuss it with you.

What documents do I need to take out a lease?

This will depend on what the finance house approval requires, we will always need to see your original drivers licence (both parts) in your current address, other items may be required for fraud prevention or accountancy may be required but this is on a case by case basis.

Can I drive the car if the lease is in someone else’s name?

The lessee is responsible for the vehicle and liable for any insurance to be full comprehensive for any person named on that policy to drive the vehicle.

I am 18/only just passed my test, can I still lease?

As long as you have a valid full UK driving licence you are eligible to lease a vehicle.

Do you take part exchange for lease cars?

We would be happy to offer you valuation price for your current vehicle where a cheque will be issued you could use at your discretion towards your initial rental.

I have personalised registration plates, can I use them?

Yes you can arrange to have a cherished plate put on to your lease vehicle. The Leasing Company will arrange this for you with the relevant documentation.

Can I test drive the vehicle?

We run an extensive range of demonstrator vehicles for you to test drive; these can be collected from our dealerships or delivered to your business anywhere in the UK.

Can I reclaim the VAT?

Your accountant should be able to advise you on how much VAT you can reclaim. Usually, business users that are VAT registered can reclaim a minimum of 50% of the VAT payable on each contract hire payment, on the basis that the vehicle will be used for both business and social use. If the vehicle is solely used for business use you may be able to reclaim more.

If you have your contract maintained and are VAT registered then you can reclaim 100% of the VAT on each monthly rental.

  • Period of breakdown warranty is dependent on the vehicle brand.