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leasing4u
can supply any make and model of new car or commercial vehicle as well as a
selection of nearly new vehicles to save you money.
We will link your choice of vehicle to any type of lease or purchase plan
either for personal use or company use, giving you the very best tax
advantages.
We can even manage all your vehicles for you if you wish; all you need to pay
is a fixed monthly amount to give you complete peace of mind and never worry
about your vehicles again.
Some of the services leasing4u offers:
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multi franchise car & van supply
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favourable supply terms
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financial packages to suit your personal and / or business
needs
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competitive purchase plans and leasing rates
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service & maintenance packages
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ongoing vehicle management and advice
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nearly-new vehicle availability
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trade disposal service
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sale and leaseback
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leasing
Quick Links
» Contract Hire / Leasing
» Hire Purchase / Contract Purchase
» Personal Contracts
» Leasing (Finance Lease)
» Service and Maintenance
» CONTRACT HIRE / LEASING / CONSUMER CREDIT ACT
Contract Hire / Leasing
This is like long-term rental and can include service and maintenance,
breakdown cover and replacement vehicle. The monthly payments are subject to
VAT, which can be reclaimed (100% for commercial vehicles and 50% for cars).
The leasing company always owns the vehicle. The monthly rental is calculated
from the length of contract and the estimated miles driven. At the end of the
period the vehicle is returned to the contract hire company. It is treated as
"off balance sheet funding" in a company's accounts. It is a completely risk
free package for the customer and almost always cheaper than outright purchase
because of the extra discounts and support received from manufacturers and
passed on to the hirer in the monthly rental.
Contract Hire / Leasing Features:
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fixed cost motoring
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fully inclusive maintenance available
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very cost effective
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vat efficient – part or fully reclaimable
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low initial payment
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low monthly payment
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completely no risk option
Hire Purchase / Contract Purchase
This is a method of financing a vehicle over a set period. The full purchase
price of the vehicle is paid off with interest in equal monthly payments over
the agreed period. Providing all payments are made on time on this type of
agreement, ownership to the vehicle is transferred to the person or entity
named in the contract after an option fee is paid at the end. Sometimes part of
the purchase price or capital amount is deferred until the end of the agreement
- this is usually called a balloon and reduces the monthly payment. The balloon
amount is due as a lump sum payment, in order for ownership to pass at the end
of the agreement. On some of these contracts the balloon is guaranteed and the
vehicle can just be returned to the finance house.
Hire Purchase / Contract Purchase Features:
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flexible Initial Outlay
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low monthly payment (if combined with a balloon)
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no risk disposal option (only on contract purchase)
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you own the vehicle
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maintenance available
Personal Contracts
These are designed for individuals wishing to acquire a vehicle and benefit
from business user terms and a low monthly payment. Employees opting out of
their company car or self-employed vehicle owners often use this method of
acquiring a vehicle. There are 2 options in this scheme. The first is Personal
Contract Hire in which case an individual will pay depreciation (calculated on
the mileage and length of contract) plus an interest element of the vehicle
cost. There is a fixed monthly payment that can include maintenance and the
road fund licence for the period of the agreement. At the end of the agreement
the vehicle is returned to the contract hire company. The other option is
Personal Contract Purchase with this scheme; part of the capital (calculated
according to length of contract and anticipated mileage) for the vehicle is
paid back, including interest, over a set period. At the end of the contract
period the user has a choice of either giving the vehicle back or paying off
the guaranteed future value or balloon and owning the vehicle (the equity left
in the vehicle can be used as a deposit towards the next contract or vehicle).
The biggest benefit for either of these schemes is the much-reduced monthly
payment compared to Hire Purchase, in other words you only pay for the true
monthly cost of the vehicle.
Personal Contract Features:
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fleet rates extended to individuals
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low initial outlay
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low monthly payments
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maintenance package available
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option to purchase (pcp)
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no risk diposal
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available to personal users
Leasing (Finance Lease)
In this case the financial responsibility for the vehicle is borne by the
lessee or customer. The vehicle is leased from a finance company; the monthly
payments are calculated on the value of the vehicle excluding VAT (unlike hire
purchase which is calculated on a fully inclusive amount) . Part of the capital
can also be deferred to the end of the contract. The lessee is responsible for
disposal at the end of the period and benefits from any disposal profit. This
type of agreement attracts VAT, which can be reclaimed in the same way as in
contract hire (100% for commercial vehicles and 50% for cars).
Finance Lease Features:
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low initial outlay
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low monthly payments
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vat efficient (can reclaim all or part)
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available on nearly new vehicles
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maintenance packages available
Service and Maintenance Package
- Call us for a price 0845 026 4646
For a fixed monthly cost, we will cover your day-to-day car maintenance; it’s
hassle-free motoring and takes the worry out of caring for your vehicle!
Our maintenance contract will cover your vehicle for routine services, tyres,
exhaust, wipers, batteries and bulbs. You even have breakdown cover and
accident management included for the duration of the contract. In the event of
an accident, we’ll make sure we get you back on the road as fast as possible,
regardless of fault – 24 hours a day, 365 days a year. Of course, there are a
few costs that your contract won’t cover – fuel, insurance and accident
repairs.
The cost depends upon your vehicle, how long you intend to keep it, and how
many miles you drive. We’ll be clear about the cost of your cover right from
the start – it’s fixed for the agreed period of your contract.
There are no hidden extras, and no small print – if you have any questions
about your cover, simply refer to your handbook, or call us.
CONTRACT HIRE / LEASING / CONSUMER CREDIT ACT
IMPORTANT - YOU SHOULD READ THIS CAREFULLY
STATUTORY NOTICE RELATING TO A REGULATED CONSUMER HIRE AGREEMENT - YOUR RIGHT TO CANCEL
If you enter into a consumer hire agreement through one of our associated finance companies, you will have a right to cancel it if you wish. You can do this by sending or taking WRITTEN notice of cancellation to Blueroc Ltd – leasing4u, Unit 4 Mallard Court, Mallard Way, Crewe, CW1 6ZQ. You have 5 days starting with the day after you receive a notice sent by us, to you, on behalf of the finance company. If you cancel the agreement you will not need to make any further payment and any money you have paid, goods given in part exchange (or their value) or property given as security will be returned to you. You may however incur a cancellation fee from us as your appointed agent.
If you already have any goods under the agreement, you should not use them and should keep them safe. (Legal action may be taken against you if you do not take proper care of them). You can wait for them to be collected from you and you need not hand them over unless you receive a written request.
Complaints Process - Consumer / CCA
Blueroc Ltd., operates a high level of customer service and if you feel that you have been treated badly you have the right to make a complaint to us. This is a summary of the commitment Blueroc makes to you in handling any complaint that you may make, which you believe emanates from a breach of your rights under the Consumer Credit Act.
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If you have a complaint concerning your rights under the Consumer Credit Act, you may do so in writing to The Managing Director, Blueroc Ltd., Unit 4 Mallard Court, Mallard Way, Crewe, CW1 6ZQ.
- State in detail what your complaint is.
- Give the name(s) of the person or persons you have been dealing with.
- Provide the name of the principal finance company involved if known.
- We will investigate your complaint at director level independently of the person(s) who have been dealing with you.
- We will acknowledge your complaint within 3 days of receipt.
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A written response will be provided to you within 10 days of receiving your initial communication.
- Every effort will be made by the company to resolve any disputes to your satisfaction.
- If you are still dissatisfied of the outcome you have the right to take your disagreement to the Financial Ombudsman Service.
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