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Barrowboy

Member Since: 05 Oct 2014
Location: Frodsham
Posts: 82

Contract Hire and Leasing (Business)

It's been a few years since I've used a specialist leasing company but my missus is looking to contract hire a vehicle (non Land Rover I'm afraid) for her business.

I'm familiar with the usual suspects in this market which are generally large faceless organisations affiliated to banks and finance houses but I wondered if there are any specialist companies in this arena that members would be happy to recommend?

2nd Dec 2014 7:22am

CatherineF

Member Since: 22 Nov 2014
Location: Wiltshire
Posts: 762

I run a Contract Hire and Leasing Business Centre for a main dealer with 5 brands. I would be happy to answer any questions you have.

Last edited by CatherineF on 2nd Dec 2014 10:51am. Edited 1 time in total

2nd Dec 2014 8:05am

JJ

Member Since: 18 May 2009
Location: Winchester
Posts: 932

1987 Defender 110 V8 Petrol CSW Corris Grey

Same here, happy to take a look for you. Free advise and of course no obligation if you just want to talk through the options available to your wife.
The good news for your wife is our industry is now regulated by the Financial Conduct Authority which is a regulator with teeth that isn't afraid to bite so a lot of the brokers that would tell you anything to get a sale have gone .

2nd Dec 2014 8:51am

CatherineF

Member Since: 22 Nov 2014
Location: Wiltshire
Posts: 762

Ain't that the truth.

Just like the Ford Dealers using a Personal Contract Hire product designed for people opting out of Company Cars when they shouldn't be.

A loop hole that I'm told will be closed by Ford, but taking time and it's only when they physically catch the dealer doing it.

Edited to say, we are a main dealer with 5 brands (one of which is Ford) and have lost deals because we will only offer the correct product to retail customers.

Last edited by CatherineF on 2nd Dec 2014 10:54am. Edited 1 time in total

2nd Dec 2014 9:18am

JJ

Member Since: 18 May 2009
Location: Winchester
Posts: 932

Yes and main dealers telling customers that they can own a vehicle on finance lease " no problem " in writing as well ! It will take time and some hefty fines before they all play nicely and don't just say what they think the customer wants to hear.

2nd Dec 2014 10:29am

CatherineF

Member Since: 22 Nov 2014
Location: Wiltshire
Posts: 762

I do try and stay away from Finance Lease and stick to Contract Hire. It's amazing how many people don't understand that at the end of term the car is collected from them.

2nd Dec 2014 10:53am

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