Everything you need to know before you lease a with Vehicle Procurements Ltd
VP tailor vehicle leasing towards bodyshops and accident repair centers. Therefore, Business Contract Hire is our favoured solution for its flexibility and simplicity. However, sometimes we can offer alternatives.
All of our vehicles come directly from trusted UK main dealers and manufacturers. We’ve built solid partnerships to ensure quick delivery, great customer service, and top-tier vehicle quality.
Leasing is a long-term rental that typically lasts 2 to 4 years. Essentially, it’s full use of a new vehicle without the hassle of ownership. Also, when your lease ends, you just return the vehicle. No need to worry about depreciation or selling it. You can just choose a new deal.
Yes. Leasing involves a finance agreement, so a credit check is required. We’ll collect your business information via a secure link and submit it to our panel of finance providers. Everything is processed under strict data protection regulations.
We’ll usually request proof of ID (driving licence or passport) and proof of address (a recent utility bill), as well as additional documents about your company.
It depends on your circumstances, but we may be able to help. Get in touch and we’ll assess your options.
Yes. Accessories like tow bars or roof racks can be added and included in your monthly rental. Just let us know up front so we can advise on the best options for you.
Standard terms are 2, 3 or 4 years, although sometimes we may have a special offer or more flexible terms.
No. You must insure the vehicle with a fully comprehensive policy.
Yes. All of our vehicles are brand new unless stated and come with the full UK manufacturer’s warranty. Breakdown cover is included for the first year, with extended cover available on request.
Maintenance is optional unless specifically offered. You can add it to your lease for peace of mind.Usually, it covers servicing, tyres, brakes, and labour.
Yes. Road fund licence is included in your monthly payments for the full duration of the lease unless otherwise stated.
Your initial rental is the first payment, usually equivalent to 1, 3, 6, 9 or 12 monthly payments. It’s not a deposit, so it’s non-refundable.
It depends on the funder but usually around the time of delivery. Sometimes, your first and second payments may be taken in the same month.
All rentals are taken via monthly direct debit. Your account manager will confirm the schedule with you.
Tax efficiency. If you’re VAT-registered, you may reclaim part of the VAT. There can also be corporation tax and accounting advantages.
Stock vehicles can arrive in days; factory orders take longer. Timing depends on vehicle availability, credit approval, and documentation.
Submit an enquiry for a quote and our team will guide you through the finance application, and documentation. Once approved, we’ll arrange delivery to your chosen address.
Yes. Just let us know and we’ll help with the paperwork. There may be a small admin fee from the funder or DVLA.
Yes. Just as long as they have a valid licence and are named on your comprehensive insurance.
Yes. However, you’ll need a VE103B form (proof of permission) from the funder.
Excess mileage is charged per mile. Rates vary but are always outlined in your contract.
The funder may receive the fine first, pay it, then invoice you with an admin fee. Always try to update your address details to avoid surprises.
Possibly. Early termination might be available, depending on your agreement, but it may cost.
Sometimes. It depends on the type of lease. We can check with the funder and advise on buyout options.
You’ll be charged for damage beyond the fair wear and tear policy. We’ll guide you through the return standards so there are no surprises.
At any VAT-registered garage, unless your funder specifies a main dealer. We can include servicing in a maintenance package if you prefer.
Yes, if a service is due. If it’s overdue or the service light is on, you may be charged.
Return the vehicle, settle any mileage or damage charges, and you’re free to start again with a new lease. We’ll be in touch toward the end of your agreement to guide you through the next steps.