Contract hire is a vehicle leasing contract for sole traders, partnerships, limited companies and PLCs. The Hirer benefits by paying a single fixed rental each month. This includes road fund licence in most cases and, if required, service and maintenance. Rental periods typically vary between 18 and 48 months, there is no large initial payment to be made as deposits are usually equivalent to 3 or 6 months rental. VAT is payable on rentals but is partially reclaimable by VAT registered businesses. At the end of a contract the vehicle is returned to the lender at the agreed contract mileage with no final or balloon payment to be made. If the mileage on the vehicle at the end of the contract is higher than the contracted mileage then there will be an excess mileage charge to pay. This is typically 5p - 10p per mile. For details of Finance Lease & Contract Purchase please contact this office.
Personal Contract Hire (PCH) has been specifically designed for people opting out of a company car scheme or joining a new company that provides a company car allowance, instead of a company car. A PCH contract includes road fund licence and, if required, service and maintenance. Rental periods typically vary between 24 and 48 months, there is no large initial payment to be made as deposits are usually equivalent to 3 or 6 months rental. At the end of a contract the vehicle is returned to the lender at the agreed contract mileage with no final or balloon payment to be made. If the mileage on the vehicle at the end of the contract is higher than the contracted mileage then there will be an excess mileage charge to pay. This is typically 5p - 10p per mile.
Purchase Personal contract purchase (PCP) is available to everyone, subject to status. PCP provides a new or used vehicle for a pre-determined period, normally 24 - 48 months. Like contract hire the contract has a low initial payment, usually 3 monthly payments, followed by fixed payments for an agreed period with an agreed mileage. At the end of the contract period there is a guaranteed future value that you have the option of paying to take ownership of the vehicle, or you can hand back the car to the finance company without penalty.
Hire purchase is a simple, straightforward way to spread the cost of buying a new car. It is fixed rate finance - with a fixed monthly payment. The deposit you pay is flexible - from as little as £99. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months).
Lease Purchase is essentially Hire Purchase with a balloon payment at the end of the contract. Lease Purchase offers lower monthly payments than normal hire purchase. Instead, at the end of the agreement, you can make a final lump sum payment (or 'balloon') to own your car.
It's fixed rate finance - but with a lower fixed monthly outlay since you defer repayment of some of the borrowing. At the end of the agreement options include car purchase, refinance, part exchange or resale.The deposit you pay is flexible - from as little as £99. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months) plus a final balloon payment.
Finance lease is a financing option available to businesses only. It allows payment of the entire cost of the vehicle over the life of the contract with or without a final 'balloon' payment. At the end of the agreed term and after the balloon payment (if applicable) has been paid, you can either, continue to use the vehicle by paying an annual 'peppercorn' rental or, sell the vehicle to a third party and retain 98% of the proceeds of sale. The remaining 2% must be paid to the finance company. This type of finance is often attractive to the building and construction industry as there is no damage re-charge at the end of the contract and no mileage restrictions although a higher mileage will affect the residual value if the contract incorporates a 'balloon' payment. Contact us for further details.
These are available for new start companies and businesses or individuals that have experienced credit problems in the past. Initial payments are typically 6 times the monthly rental.
If your company already has vehicles that have been purchased in the past, we can arrange for a finance company to buy the vehicles off you to give a capital injection to the business. The vehicles would then be leased back to you at competitive rates. This would be subject to age, mileage and value of the vehicles concerned.
I have been really impressed with the professional and friendly way you have handled this lease deal. I have been impressed from start to finish.
Firstly I want to thank you for your help, time, and support the past few years. I know that you have at times gone out your way to achieve customer satisfaction.
You and your team are very professional, and I would not hesitate to recommend friends and anyone that I know who would wish to lease a car from yourselves.
The decision to lease a car through the business was a new concept to me but it made sense at the time and has been great value for money.
The service and commitent to please was well noted and for all that I would like to thank you very much
I have thought long and hard about a personal lease for myself and gone through endless hours of comparisons since I first contacted Jacki Stevenson with no knowledge of personal leasing at all. It was her professionalism, swiftness of answering every query I had (and there are endless mails) and nothing was too much trouble. I had her do endless quotes of different makes, term lengths, costs etc.
It was her dedication for the sale and politeness in execution from conception to finality, that swayed me to go with yourselves regardless that I had got cheaper quotes. I was made to feel secure in my decision and backed by your company (trust in that I have dealt with you for two and a half years) as your employee I felt she is worth a moment of my time for the recognition she not only deserves but the fact that again, another trustworthy member of staff. You must have something good there….
Thank you once again Jacki, I m looking forward to my new, white Nissan Juke
Lesley Thompson - Xzeres
In 2008 our Fleet of 50 cars was spread across a number of suppliers with a mixture of owned, leased and hire purchase vehicles. Windmill Leasing has helped us with every aspect of the transition to a fully managed and maintained fleet.
They were flexible during the transition period by supporting vehicles not originally supplied by them and managing the disposal of our owned and HP cars.
The new fleet of Golf and Passat bluemotion cars have reduced our fuel bills by 10% and overall our fleet costs have reduced by 22% over the past 2 years.
The main benefits, however, have little to do with cost and more to do with the service we receive. Our drivers deal directly with the Windmill Leasing Service Team for all their requirements – servicing, tyres, temporary vehicles, loans, accident management, repairs.
It is hassle-free for me, my Personnel Department and my Finance Team. We have a large mobile workforce – so that is really saying something. When I think back to the aggravation we had on a daily basis before Windmill Leasing stepped in I shudder.
Windmill Leasing is full of friendly and professional people who offer an exceptional service at a competitive price. I couldn’t recommend them highly enough.
Nicholas Orme, Chief Executive, Portraya
Windmill Leasing are a company who have always had my best interest at heart. I have felt extremely well looked after and their prices are very competitive. They have always been efficient and their personal approach is credit to their staff and management. I am very happy to be a client.
Chris Pennell, Worcester Warriors Captai
I just wanted to inform you that I have received delivery of the Qashqai this morning. Of course very pleased to have it and most importantly thank you very much for all assistance through the process and the excellent service you have provided. I will definitely recommend your company for any future vehicle purchases
Merril Mathias, Luckings Logistics
I have just taken delivery of my new Mercedes SLK and called to let Claire know. Also to thank her so much for her help with my order.
However I wanted to email you, to pass on how impressed I have been with Claire's service level. She has worked on sourcing a car for me for a few weeks now and from beginning to end she has been outstanding. She was always very clear on what was possible or not and never over promised, unlike some sales people I encounted along the way! She soughtt out quite a few solutions to issues that presented themselves and ultimately went way beyond the service level I was expecting especially when we have never met face to face, only dealt with each other by phone and email, which sometimes makes things more difficult. I would have no hesitation in recommending Claire and your company to others looking for a car.
I originally approached Windmill Leasing some 18 months ago when I was caught off guard and opened up one of their eshots. The first person I spoke to was Jacki,who immediately impressed me with her knowledge and speed in dealing with my requested. I am pleased to say I have been using them ever since.
Roger Bishop, Joint Chairman, Bishops Mo
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
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Agility (UK) Limited is authorised and regulated by the Financial Conduct Authority, we are a credit broker and not a lender. Registered No : 703503.
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