Frequently Asked Questions

On a leasing agreement the usual deposit is the equivalent to three rentals including the VAT. Personal Contract Purchase can be as low as three months but a deposit of 10% is often advisable. Where possible we always try to tailor an agreement to our client’s specific requirements so it always pays to talk to us.

FleetStreet has agreements with manufacturers and dealerships alike. We have a panel of leasing companies that use us as a route to market. All of these factors add up to great prices for our clients. We are able to be flexible so we can change our prices on a daily basis so our customers can take advantage of discounted prices first.

It is the clients’ responsibility to maintain the vehicle as per the manufacturers’ guidelines. The vehicle has to be serviced at an approved dealer. The vehicle has to be kept in good condition as set out in the fair wear and tear guide.

If you require maintenance then we can always quote a monthly figure for you. We usually ask our clients to think about a maintenance especially where they are covering a high annual mileage. This helps to cover the costs associated with higher mileage vehicles.

When taking out a lease agreement the rentals are based on the price that the vehicle will be worth at the end of the contract. If the vehicle has done more than the expected mileage it will be deemed to be worth less than expected. An excess mileage charge will be applicable in cases like these which is charged at a pre-determined pence per mile charge. This pence per mile charge is set out at the start of the contract. Alternatively, most leasing companies allow for a mileage change which can be applied for during a contract. Please call us if you need any more specific details. 

When leasing a vehicle it is your responsibility to insure it in exactly the same way that you would if you have bought the vehicle.

We at FleetStreet do not believe that it would be appropriate for us to advise you on your business, that is the job of an accountant. Every business is different. Some wish to write off profits at the end of the year, some wish to borrow money for expansion, each business needs it’s own advise according to it’s circumstances. We will always help with information so that you can make an informed choice with your accountant.

Business Leasing are usually quoted exclusive of VAT whilst personal leasing is usually quoted inclusive of VAT. This is because a VAT registered business can usually reclaim a proportion of the VAT back. Other factors can also play a part such as manufacturer’s discounts and sales campaigns.

We are able to supply you with the right information to allow you to make an informed decision if opting out is right for you. .

If you normally sell your car after three or four years it may pay to lease and not buy. This allows you to budget what the cost of motoring will be over the coming years. If you buy a car it is difficult to say what the marketplace will be like for used vehicles in three or four year’s time. Leasing means that there are no nasty surprises when it comes to budgeting for your motoring costs.

Call one of our advisers on; 0870 889 0181 and we will be happy to help you.