Please see below a list of our frquently asked questions, if you can’t find the answer you are looking for, please do let us know.
Non-Status Leasing simply means that each proposal form received is dealt with on a case by case basis and not just purely credit checked through creditsafe and Experian.
Our underwriters are fantastic at looking at each individual or company application, looking at bank statements and making sure they the vehicle is affordable. This way, our short term products are open to more and more people and companies.
We look at everyones case differently and we have an extremely high acceptance rate for our short term products, with the majority getting standard terms on the contracts. Should you have alternative terms and you show us a good paying history, the terms would revert to standard terms.
New start businesses can also fall into the Non-Status category. They are overlooked by the major lenders as they typically don’t have any accounts filed or balance sheets. Our team can help, sometimes we may ask for Directors Guarantees or even a bond.
So how do we offer Non-Status? We offer our own vehicles on our own books, we take the risk. If we don’t like the look of an application and the evidence doesn’t stack up, then please don’t be offended by us saying no. It doesn’t happen often, but it happens.
When you buy a brand new car, depending on the make and model, you generally see the On The Road price displayed. Most people will barter for a better price and you could be hundreds, if not thousands of pounds better off.
However the P11d price is official list price of the vehicle and this is what HMRC use to calculate your company car tax, so the more optional extras the car has the higher the potencial BIK will be.
If the Short Term Lease vehicle is going through your company, you maybe liable for Company Car Tax or Benefit in Kind (BIK). The rate of tax is dependant on the vehicles cost and CO2 levels, so the rate of BIK is determined as a different percentage.
The more economical the car, the cheaper it is on the Benefit in Kind tax. The lower the cost of the car, the lower the P11d is of the car.
You can find out how much taxt you will pay by using the UK Government Company Car Tax calculator, we have put a link to this in our About Us menu.
The cost of short term car leasing is dependant on the vehicle you need and the mileage you want. Other factors include whether you want a fixed contract or you want it to remain flexible.
Generally the Supermini’s such as the Fiat 500 and the Toyota Aygo’s are the cheapest on Short Term and can now be taken on both Fixed and Flexible contracts.
For more information, take a look on our website and select the relevant category; Short Term Fixed or Short Term Flexible
Then start the price with Ascending! The cheapest vehicles are displayed first!
Yes, we accept both Limited and Public companies every day for credit lines to use on Short Term Lease vehicles. We also have access to a range of long term funders for 24, 36 and 48 month contracts.
To set up a credit line, we will ask for a Proposal Form. The underwriters will then credit check the companies against credit reference agencies. Should you be a new start up business, this isn’t an issue and we can have a look at getting you a short term car or van.
For more information please call the team on 0330 330 9425
You can apply for a credit line to take vehicles off , the process is pretty straight forwards. You can request a Coporate Business Proposal form from a member of our team or you can download it directly from our website.
Complete this and send this in, our team will then forward this to our underwriters.
Our underwriters may come back with additional information required, this can be proof of address for the Directors, bank statements and even company accounts. The system we use in house is called Creditsafe, this will give us a monthly amount of money we can lend you.
Once a credit limit is in place, we then ask you to sign our TC1 Terms and Conditions.
Then whenever a vehicle is needed, call the team and they will arrnage this for you. We then send one Rental Agreement and deliver the car. Its best to have an insurance policy in place with ourselves, this can be a fleet policy or individuals.
For more information about getting a credit line for Short Term Vehicle leasing, please call us on 0330 330 9425
If you are a Sole Trader, Partnership, Limited Company or Public Company then there are a few items you will need to send us.
First of all, we ask all companies to comoplete a corporate proposal form, this allows us to go on to Creditsafe, Experian and Companies House and ensure that the details are correct, this will also give our underwriters an idea of how much we can give you as a credit line.
If you are a Sole Trader or Partnership, we will credit check the individuals and ask for proof of trading, this will usually mean sending us bank statements and maybe trade references.
With Limited Companies and Public Companies, we may ask for Company Accounts, Management Accounts, Bank Statements and Trade References. We may also ask for proof of Directors addresses and some sort of proof to show that you can sign for contracts on behalf of the company.
Should you need any further help please call the team on
If proceeding with a Short Term Vehicle is for you or your business, our process is pretty easy and straight forward.
Firstly you need to decide wheter or not you want a Fixed contract or a Flexi Contract, with the latter you simply need to take the vehicle for 90 days to get the best price, although you can take it for much less. Flexi contracts roll on month by month until you give us notice.
Next is choose your car, but be careful as you may want a 6 month contract but Audi’s maybe only available for 7 months.
Then choose your mileage, on Fixed contracts this is a maximum of 2000 miles, if you need more you need to look at Short Term Flexible.
Want to apply?
Then enquire from the vehicle you like, that way we know what you want! If you aren’t sure thats the vehicle you want, then add that to the additional information.
We will need an application form completeing, if you send us an enquiry then the sales team will reply with one attached. However you can click the ABOUT US on the menu and select PROPOSAL FORMS to download your own.
Once we have received your application, then this is sent to our underwriters for credit scoring. They may pass this straight away however the Underwriters always request a copy of your driving licence, so please have this to hand.
The contract comes next, you must adhere to our Terms and Conditions, these are pretty straight forwards but we must make sure you pay attention to the charges, this is mainly Administration Fee’s and Bounced Direct Debit fee’s.
We will send out rental agreements before the car is delivered however to produce these we will need a copy of your insurance.
Once the vehicle has been delivered its yours for the chosen period. Any issue, you just need to call the team.
Car leasing is very big in America, you basically rent the car for a period of time, usually 24, 26 and 48 months. In the UK this can be called a lease, and operating lease or contract hire.
Here at Short Term Leasing Ltd, we offer vehicles on Short Term Fixed Contracts usually between 6-18 months and Short Term Flexible Conracts, from just 28 days with the best prices from just 90 days.
The price of a vehicle lease depends on a number of factors, the model of the car you wish to lease, the amount of miles you will be doing and how long you need the vehicle for. The car lease is worked out at how much our suppliers purchase the vehicles for and how much they can sell it (either to the manufacturers, traders, etc) at the end of the contract. You generally pay the difference in between.
Short Term vehicle leasing is similar to long term leasing but of course the contracts are much shorter. With short term, you can take a vehicle just month by month or commit to say a 6 month contract. With a choice of lots of models, we try and show the full selection on our websites, although our short term fleet does change daily.
Should you have any further questions about Short Term, please give the team a call on
If you have a maintenance contract then please give the office a call on [scname=”tel”] to get this booked in with your dealer. If your vehicle has not got a maintenance contract all you need to do is get it booked in with your local dealership, the best way to find these details are using Google or Bing. Please ensure that the service has been carried out within the mileage or vehicle parameters to avoid voiding the warranty or effecting realse value. As this maybe passed on as a cost. Please keep hold of any documentation for the service in the car ready for its return.
So long as you tell your insurance company that the vehicle is leased and that you are not the legal owner of the vehicle, this will be ok with the insurance company. Whilst there are companies in the market place offering Short Term Insurance, we recommend that you change your existing policy to cover our short term vehicles. Alternatively, you can take a policy for 12 months and change it to your new vehicle once the contract has ended, this has been a more cost effective solution to many of our customers.
Depends on the type of contract you are on, either Short Term Fixed or Short Term Flexible, the type of company you are and of course your credit score. Our underwriting team will inform you of this as part of their credit checking process if a deposit is required.
The refundable deposit will be returned, usually 28 days after the vehicle is returned. This can be longer depending on the circumstances and the condition of the vehicle.
If you owe money, we may set deposits against the amount due to us. If there is a abalance left over, we will remit this to you or hold as credit for future use. All deposits are returned to the bank details where your Direct Debit is set up. Please ensure the Direct Debit is still active.
At the end of the contract, we will arrange a day or time for you to bring your car back, as an option we can collect the vehicle for a reasonable fee. When the car is returned we carry out a Vehicle Condition Report, this goes over the vehicle noting any damage that we may find on the sheet. When the vehicle is returned to the manufacturer a more thorough examination takes place to ensure the car is to the correct standard and any repairs (if any) have been done to the correct standards.
If you want to get the vehicle repaired before the collection or return date, we must insist that any dints or paint work is carried out who is manufacturer approved. The Alloy Wheels must also be done by a manufacturer approved repair centre and that Diamond Cut wheels are repaired correctly and not just repainted. These are all common areas that tend to be charged for.
We are transparent with our return costs and only charge on what we get charged, we dispute approx 70% of the final bills with only 5% coming back as a lower amount.
When we collect the vehicle, it is guranteed that a further inspection will take place if; The light is poor, the weather is bad, a third party company collects the vehicle on our behalf, minor damage found that could lead to deeper damage.
Depends on your circumstances, however all Short Term Fixed vehicles has Initial Payments and all of the SHort Term Flexible vehicles have initial payments made up of rentals, refundable deposits and administration charges. Please give us a call to discuss this further.
The majority of the Short Term Fixed contracts are vehicles that are physically available, however when we order these from the supplier they can be 1-8 weeks away, sometimes more if they are factory orders. Short Term Flexible vehicles maybe in stock however, these do change on a daily basis. We do publish an availability list on a fortnightly basis, this can be found under the about menu.
No, none of our vehicles can be used on track days. We inspect all of our cars on the return for visible signs that the car has been driven hard and additional charges may apply.
There is no minimum term as such on Short Term Flexible Contracts however, the price can differ depending on how long you take the vehicle for. Our usual minimum hire to get the best price is 90 days, should you take the vehicle for less a hirer rental charge will apply. This can vary between 1.5 times the rental price to 2.5 times.
Yes we do, however this is only on our Short Term Fixed and Short Term Flexible car and van leases. Terms and conditions may differ depending on the vehicle involved however we always try to be fair and give everyone a chance.
Of course, we offer both Flexible and Fixed contracts that car either run for 12 months or on a flexible term up to and over 12 months. Take a look at our website on both the Short Term Fixed Contracts and the Short Term Flexible Contracts for more information.
The short answer is no, we must carry out credit checks on all individuals and/or businesses. However, should you have adverse credit, you are non-status or a new business start up then please let us know from the outset. We have been helping people who fall into this category since 2007 and our Short Term vehicles are ideal for this situation to help you get back on the road.
We carry out various checks on everyone who applies for a vehicle on Short Term Fixed or Flexible, however even if you are non-status or a new business start up, we can help and have been helping various companies and individuals since 2007. We tend to carry out checks using the credit reference agencies of Creditsafe and Experian, we may also carry out other random checks including checking up on employment records and social networks.
A cross company guarantee is usually when a group of companies is involved or if the company who is applying for the credit has a parent company with a strong credit rating. Our underwriters may ask for this should the credit rating not meet the required score.
A Directors Guarantee imdemnifies us against any rentals or charges should the company you are guaranteeing fail or go into liquidation. It is vitality important that you understand the risks when signing one of these, we suggest getting legal advice before committing. Our underwriters tend to ask for Directors Guarantee if the company is newly incorporated or if the credit rating does not meet the required score.
The Form of Imdemnity covers both parties and ensures you follows the guidelines when it comes to people driving the vehicles and the insurance. You will be agreeing to only let people authorised to drive the vehicle, that they are insured and that they have the correct licences. We also ask that you provide fully comprehensive insurance for the vehicle and its for the correct value.
It also states on the form of indemnity that you are responsible for any damage that authroised persons may cause, whilst in their possession. As well as providing details where and when nesscesary when the person driving the car has received PCN’s, notices and parking fines.
It also tells you to report any accidents to the office as soon as possible and where needed the insurance company to ensure that claims are dealt with promptly.
Usually fines, PCN, Parking Tickets, Bounced Direct Debits and other notices will incur a charge. This is due to the cost involved in processing these charges and where nessecary making a representation.
With Parking Tickets, PCN’s, fines and speeding notices. Your details will be passed on to the relevant authorities and we will make an administration charge in all circumstances, should these be made in error by the parking company or if it is disputed. We also get charged an administration fee by the owners of the vehicle. The amount payable is specified on the contracts. Payments for the administration charges will be taken by Direct Debit or Credit Card authority form, within 14 days of the date on the invoice.
On congestion charges, the full amount will be deducted from your account as we have to pay these straight away to the authorities. Should you get an influx of congestion charges in a short space of time, we may consider adding you to Autopay, which whill reduce the charge considerably and we will apply an administration charge each time you pass through the zone.
If you wish to dispute any parking fines etc. you will have to take this up with the relevant company or authority, however, you will still be required to repay any costs incurred by ourselves regardless of any disputes you may have.
We charge a Direct Debit fee on each bounced Direct Debit and Late Payment, if you cancel the Direct Debit and we need to reinstate it, there will also be an additional charge. Charges can be found within the contracts.
We accept payment by most major credit cards and debit cards including American Express. We also accept BACS and CHAPS payments. There are charges for Credit Card payments at the following rates:
Mastercard Credit Cards/Charge Cards/Corporate Cards: 2.5% of the transaction
Visa Credit Cards/Charge Cards/Corporate Cards: 2.5% of the transaction
American Express Credit Cards/Charge Cards/Corporate Cards: 1.9% of the transaction
Mastercard Debit Cards: Free of Charge
Visa Debit Cards: Free of Charge
We do not accept cheques or cash payments.
Monthly/4 Weekly Rental payments must be made by Direct Debit.
Upon ordering the vehicle and payment or deposit is received for the chosen vehicle. We will email you to confirm and send across an order form. Once insurance has been received contracts are usually sent out. We will then confirm delivery of the vehicle. Once and order is confirmed, a cancellation fee/agency fee will apply. This is clearly shown on the bottom of the order form.
Whilst maintenance is generally included on flexi contracts but not fixed, accidental damage to tyres such as punctures are not covered. Please ensure you put like for like tyres on the vehicle, so you do not get charged for replacements at the end of the contracts.
Its not an issue, the first thing we ask is for you to give us a call. Then we recommend only to use manufacturers approved bodyshops. Should the vehicle not be repaired by a recommended bodyshop, you will be liable for any rectification work that is charged by our suppliers. It is really important that you follow this guideline.
Of course, this isn’t an issue. So long as the vehicle is covered by a fully comprehensive insurance policy. The vehicle is the customer’s responsibility throughout the term of the contract.
As you will be providing the insurance for the Fixed or Flexible short term lease, you can put as many people on the insurance as you want. However, you the customer will be responsible for any issues with the people named on the policy and where the vehicle is in your possession.
EU travel is permitted in Short Term Fixed and Short Term Flexible vehicles, however you will need an “on hire” certificate prior to your departure. Without this your vehicle maybe impounded abroad. Customers are also responsible for their own insurance, European Breakdown Cover and warranties, where needed.
To request an on hire certificate, please give us a call.
All vehicles are covered by the manufacturers breakdown assistance programme. On Flexible cars, you may have the vehicle outside of these parameters in which case you may need to cover the vehicle yourself.
Please ensure when taking the vehicles abroad that you have the necessary cover in place as well as an “on hire” certificate.
If you take one of our fixed contracts, then delivery of the vehicle is free of charge to any address in England and Wales. We can deliver to Scotland but an additional charge may apply.
On flexible contracts delivery is charged depending on the location, we are fair with our delivery costs and need to ensure that drivers time, train fare and fuel is all covered by the cost.
Should you require the cost of a delivery of a flexible car, please call us.
Existing customers, who take another fixed contract, will need to pay the full initial payment to get the delivery cost included.
The two types of contracts we offer are Fixed and Flexible, please see the differences below:
SHORT TERM FIXED CONTRACTS
Usually for periods between 6 months and 18 months on cars and vans. These are for set periods and have penalty charges should you wish to terminate these earlier. They cannot usually be extended or reduced in length and are determined by the vehicle supplier and/or manufacturer. The mileage is capped at 2000 miles per calendar month and the excess mileage charges can be quite high depending on the vehicle manufacturer. They do work out cheaper than a flexible contract. Cars are usually brand new or pre-registered and are taken from manufacturer offers, delivery times can vary depending on the supplier. Maintenance is optional on all fixed contract vehicles.
SHORT TERM FLEXIBLE CONTRACTS (AKA. FLEXI-LEASES)
Usually more expensive than fixed contracts but offer an “off the shelf” vehicle that can be delivered very quickly. Vehicles are usually less than 12 months old and may have been driven by other people or companies, but are in “as new” condition. Rentals start from just 28 days but the best prices on these flexi contracts are when you take a vehicle for 90 days or more. The majority of the vehicles do come with maintenance and its as simple as phoning your local dealer to book it in for a service. We can accommodate high mileages up to 6,000 miles per calendar month. Although they do work out more expensive than fixed, they do offer flexibility, ideal for new employees on probation periods or seasonal trends within the business.
Of course, we have been helping Non-status individuals and businesses since the start andd are willing to look at all circumstances. Please call us for more information.
Of course you can apply, we have been helping New Start Businesses for years and can help provide them with Short Term Cars or Vans to help keep your business on the road. Give us a call to discuss this further.
As this is a short term product, the standard Fear Wear and Tear policies do not apply and the vehicle has to be in near perfect condition when the vehicle is returned. Occasionaly we may waiver charges for very small surface scratches but charges will be levied on damage to alloy wheels and tyre walls, large scratches and dints and of course missing items.
Should you decide to repair the vehicle before it is returned, we must insist on you using a manfacturer approved bodyshop for any repairs undertaken.
Unfortunately you can’t reduce the mileage on the short term contract whilst within a contract, but you can increase it if needed.
Because this is a short term leasing product, the amount of money we lose on each vehicle from registration to selling the vehicle on is higher. So the manufacturers and suppliers give us strict mileages to adhere to, with very high excess mileage charges. This is to protect the residual value for when the vehicle is for sale on the forecourt.
It is always best to speak to us, if you think you are going to go over on mileage within a contract
We use a company called GoCardless for all of our Direct Debit extractions, as with all Direct Debits we give you an approximate date of extraction but can be around the date we have given you.
On monthly Direct Debits, you can choose between the 1st, 15th and the 28th of the month. On 28 day Direct Debits, we will aim for the closest Friday to the invoice date.
With PCN and Administration charges these will be invoiced and debited approximately 5 days from the date of invoice.
Depending on wheter you choose a flexi lease or a Short Term Fixed Contract will depend on the maintenance programme.
On Flexi leases, the majority of the vehicles do come with maintenance. This isn’t usually broken up on the invoice into maintenance and rental breakdowns, unless specifically requested at the start of the contract.
On Fixed Short Term Contracts, maintenance is optional. Yet we do not recommened adding this as an option, unless you like the idea of fixed cost motoring.
Of course, but it is always best to contact us sooner than later. As during the contract we can negoticiate a better deal, than leaving it until the end of the contract. Excess mileage charges are usually higher on a Short Term Lease vehicle. Sometimes we may tell you, that you’d be better off paying the excess mileage if it is too high to change the rental.
Due to the way our suppliers bulk purchase there vehicles, it isn’t possible to request options. Although every now and then a few of the vehicles do come through with higher specification or options not usually found on a particular model. We cannot guarantee the specification or the colour of any of the vehicles, but where possible, we do try and let you know what the vehicle has extra.
Your insurance company usually negotiates with the supplier or leasing company directly. Different companies have varying policies.
However, you maybe liable for any value between the insurance payout, the finance and/or the vehicle value. Rentals are also payable until the vehicle is settled.
All payments made must be collected by Direct Debit, unless agreed in writing before the contract starts. Large companies who meet the strict criteria maybe eligible for BACS payments although an administration charge maybe levied.
Should you be Non-status or a New Business Start-up, we may also ask for a signed Credit Card Indemnity form, should your Direct Debit fail to pay.
We offer 2 types of contracts, fixed and flexible. On certain vehicles on flexi leases, private plates may be transferred on to the vehicle. However there is an administration charge to add this and to remove it at the end of the contract. Short Term Leasing do not accept any responsibility for the ownership of the plate.
All other vehicles on Fixed cannot have a Cherished plate added to their vehicle. This is due to the nature of the Short Term lease product and manufacturer buyback guidelines that we have to adhere to.
Vehicles advertised on our website do not include insurance. We can however provide you with a written quotation for vehicles that do include insurance, but these can cost considerably more than the price advertised and you are not guaranteed to get a particuilar vehicle.
However, by taking a vehicle without insurance and using your own, the price can be much more competitive.
The Short Term Vehicles are broken up into 2 categories; Fixed and Flexible. Depending on the tariff you go on will depend how the initial payment and/or deposit is made up. But here are the general rules:
FLEXIBLE SHORT TERM CONTRACTS:
Due to the way we take these from the supplier the Initial Payment is usually made up of 1 Period Rental plus VAT, Refundable Deposit (Equivilent to 1 payment inc. VAT), Administration Charge and a Delivery Charge. Payments are then usually taken every 28 days or Calendar Month until the vehicle is returned. The vehicle is assessed and the refundable deposit is refunded less any charges for damage or excess mileage, etc.
FIXED SHORT TERM CONTRACTS:
The process for Short Term Fixed contracts is much simpler. Their is an initial payment followed by the payments remaining in the contract. For Example. 6 Month Contract on a vehicle will have an initial payment followed by 5 monthly direct debit payments until the vehicle is returned.
Terms and deposits may differ if you do not meet the requirements of the credit assessment and/or you are a non-status customer or a new business start-up.
Yes, all of our short term leased cars and vans come with the standard manufacturers warranty. However, due to the nature of the product a courtesy vehicle is not guaranteed when the vehicle is in a dealership for warranty work.
We have a number of Short Term Leasing vehicle suppliers that we use which offer various makes and models. Depending whether you go for a fixed or flexible short term lease, will decde where your vehicle comes from.
Generally the fixed term contracts are all brand new cars and come from the manufacturer via their dealer network. The majority of the fixed vehicles are on manufacturer buy backs.
On flexi-leases, the vehicle come from stock vehicles that are used for Daily Rental purposes. We can tap into this supply to get you a vehicle quick, the majority of these vehicles will be less than 12 months old.
We have a number of Short Term Leasing vehicle suppliers which offer various makes and models. For more information about our business partners, please click on the highlighted link.