Please check out our latest leasing special offers below.
View all our car leasing specials offers or van leasing specials offers
View all our car leasing specials offers or van leasing specials offers
We can quote you on any make and model.
Administration fee, what is it?
The administration fee, or acceptance/processing fee, covers admin costs like registering the deal, setting up finance and the issuing any documentation.
Administration fees are normally charged on signing of the order form.
Annual mileage
Annual mileage refers to the number of miles you expect to drive each year.
Your annual mileage limit is agreed at the start of your contract. So, it’s important to consider this carefully, as exceeding your mileage limit will result in an excess mileage charge.
The best way to avoid the charge is to set a realistic limit upfront.
BIK (Benefit in Kind)
Benefits-in-kind is a taxable benefit received by employees in addition to their salaries such as a company car and fuel allowance.
Brokers, who are they?
A broker is a middleman between buyers, manufacturers and leasing companies. They are independent and work to find the best deal for customers, while also providing help and support on the leasing process.
Regit is a credit broker and not a lender.
Business Contract Hire (BCH)
Business Contract Hire (BCH) is a form of business car leasing that is designed to operate in a way where a vehicle lease agreement is tied to a sole trader, LLP, partnership, limited company or business owner that allows you to drive a new vehicle over an agreed period of time and mileage.
This gives you cost-effective access to new vehicles without the large drop in value normally associated with owning a new vehicle outright. You also have the option to include vehicle service, maintenance and repairs in a fully maintained lease agreement, which means you can budget predictably for all your motoring costs.
At the end of your business contract hire agreement, you will need to return the vehicle to the finance company. There is no option to purchase the vehicle at the end of your term but you can simply replace it with another one.
The vehicle should be returned to the leasing company in a condition that meets the BVRLA ‘Fair wear and tear’ guidelines, otherwise charges may be incurred.
BVRLA
The British Vehicle Rental and Leasing Association (BVRLA) is the trade body for car leasing in the UK.
It seeks to look after the interests of, and sets standards for operational quality for, both the contract hire and leasing sectors and the daily hire (car rental) sectors. The BVRLA represents both the business contract hire and personal contract purchase industry. The BVRLA's activities also include lobbying government in respect of any fiscal matter which may affect the industry, and shaping policy and regulation changes. This involves developing policy areas across the wide range of industry issues, lobbying decision-makers in the UK and in Europe.
Cancelling a lease early
You can end your car lease contract at any time by applying for an early termination. Early termination is when a customer wishes to terminate their lease contract early before the end of the contracted term. With an early termination, the customer arranges with the finance provider to return the vehicle early for a set fee which is calculated by the funder.
Since lease agreements are not designed to be broken, substantial penalties and fees are usually associated with early termination so it is advised that you think very carefully before cancelling the agreement and find out precisely what these total costs would be.
Join our mailing list and get our latest deals sent straight to your inbox!
You can unsubscribe at any time - all you need to do is click the unsubscribe link at the bottom of our newsletter emails.
Email : leasing@regit.cars
Telephone : 0162 591 9568
Company Address :
Regit
Level 3, Suite 1. Glasshouse Block 15
Alderley Park,
Alderley Park, Congleton Road
Macclesfield
SK10 4TG
Motoring.co.uk Ltd t/a Regit are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 711752
Registered in England & Wales with company number : 6073777 | Data Protection No : ZA289062 | VAT No : 919813987
Registered Office : Glasshouse, Alderley Park, Macclesfield, SK10 4TG
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 © 2024 Regit, All rights reserved.
Powered by CALAS