01446 731252

Monday to Friday 9.00am to 5.30pm

How leasing works

A lease is essentially a long-term rental agreement, offering exclusive use of a car for a set period at a fixed monthly price.

As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.

The greatest cost of running any new car is depreciation, and many new cars will lose more than half their initial value after the first three years of ownership.

Leasing explained

Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.

Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.

Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease.

Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.

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Contact us

Email : info@purplecontracts.com

Telephone : 01446 731252

Company Address :
The White Hot Van Company Ltd t/a White Hot Vans & Purple Cars
Unit 1, Home Farm
Luton Hoo
Luton
Bedfordshire
LU1 3TD

The White Hot Van Company Ltd t/a White Hot Vans & Purple Cars are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 682759

Registered in England & Wales with company number : 7326900 | Data Protection No : ZA077318 | VAT No : 998726341

Registered Office : Unit 1, Home Farm, Luton Hoo, Luton, Beds, LU13TD. Registered in England and Wales

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

Copyright © 2020 The White Hot Van Company Ltd t/a White Hot Vans & Purple Cars, All rights reserved.

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