01670 339469 | info@mynvl.co.uk

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.

Contact us

Email : info@mynvl.co.uk

Telephone : 01670 339469

Company Address :
Northumberland Vehicle Leasing
Netherton Park Farm
Netherton, Stannington
Northumberland
NE616EF

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Northumbria Vehicle Leasing Ltd is an Appointed Representative of Automotive Compliance,  which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Northumbria Vehicle Leasing to act as a credit broker, not as a lender, for the introduction to a limited number of lenders. We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as their agent for this introduction. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.

Registered in England & Wales with company number : 12635053 | Data Protection No : ZA764753 | VAT No : 353 633 403

Registered Office : Netherton Park Farm, Stannington, Morpeth, NE616EF

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 © 2021 Northumbria Vehicle Leasing, All rights reserved.

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