Castle Vehicle Leasing - Contract Hire, Personal Contract Purchase, Vehicle Finance Castle Vehicle Leasing - Contract Hire, Personal Contract Purchase, Vehicle Finance   

Vehicle Leasing and Contract Hire

Lex Vehicle Partner
  Lex Vehicle Partner
 
 
 



Contract Hire FAQ

Q: How much VAT off the rental can I claim back under contract hire?

A: Half the of the VAT on the cost of hiring the car and all of the VAT on the service, maintenance and management of the car. For vans VAT is fully recoverable, subject to normal rules.

However we recommend you check with your own financial adviser for accurate VAT savings.

If you would like a costing for an in depth financial audit by our auditors Levy Gee, please visit the AV Audit web site.

Q: Can new companies use the services of Castle Vehicle Leasing?

A: Yes, subject to standard checks. Simply send us your current UK business bank account details and business plan.

Q: What about the road fund licence?

A: Your monthly rental payments cover the cost of the road fund licence for the vehicle throughout the rental period. You will only be charged or credited if there is a government change in road fund licence costs.

Q: How much deposit will I have to pay?

A: The standard amount is 3 month’s rental, however a larger deposit may be required to support your credit line following application.

Q: How do I get my vehicle serviced?

A: Call one number or use the Internet booking service and the "Lex One Call" service will collect your vehicle, take your car to the dealer, get it serviced and wash it before returning it back to you. This service is free and is available throughout the UK mainland.

Not all leasing companies offer this service if it's important to you please let us know and we'll point you in the right direction.

Q: What if I get my mileage wrong?

A: You can amend your contract at any time provided there are six paying months to go. You can move the mileage up or down and are also not restricted over the number of times you can do this.

Q: Can I buy the vehicle at the end of the contract?

A: The driver can purchase the vehicle but the company cannot. We sell selected vehicles at the end of contract please call us for a list.

Q: What happens at the end of my contract?

A: You can renew it, extend it for 6 or 12 months or a third party may buy it.

Q: What happens if my vehicle is damaged before I return it?

A: Your vehicle will be assessed at the end of the contract for any damage and if it is not fair wear and tear you may be liable for the repair bill. The British Vehicle rental and Leasing association publishes guidelines which reputable leasing companies use to determine these costs. email us for a copy of the terms.

Q: Where do you buy the vehicle from and can I use my dealer?

A: Provided your dealer offers the same terms and conditions as Castle Vehicle Leasing enjoys this will not be a problem.

» Discover more about leasing options

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Please email us with any other questions and we will do our best to reply and publish an answer on this page for future reference.


Castle Vehicle Leasing for open and professional advice at all times.

 

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Castle Fuel Cards

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  • Can be used for Diesel, Unleaded and LPG
  • Choose the Billing system to suit your company
  • Cut down on paperwork and receipts
  • Simplifies Reclaiming VAT

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What about My Car?

If you have a vehicle to sell, we may be able help. Send our vehicle disposal agent the details of your vehicle and he'll see if he can find a buyer.

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  Formed in the mid 90s Castle Vehicle Leasing continues to offer great choice and professional service.Fleet Consortium - Vehicle Buying Group - Founder Member
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