These are some of the most frequently asked questions:
Do you lease to countries outside of the UK?
Yes, we can provide a lease to most countries in the world - there are some individual tax laws that need to be taken into account but a custom lease can be written in most countries, to take account of individual tax regimes and post Brexit there will be other fluid tax concerns which can be addressed in the lease.
What currency is the lease in?
The currency of the lease is always in Great British Pounds as the financing involved is in this currency. We may be able to offer assistance in hedging the currency risk for you though.
Are there any restrictive requirements in the lease - e.g. what rallies can be done?
The only restrictions are that the car must be insured for a fire while in competition and for theft. We can assist with the arrangement of this using an associated company rallycover.com. There is no restriction on what rallies you can compete in - except that the rallies cannot be in a known war-zone!.
Can the lease be terminated early and if so what are the penalties?
There are no penalties within the lease for finishing early although there may be tax disadvantages in doing so. The lease illustration will give you a full list of the rentals due on each month of termination after the first twelve months. If the car is destroyed by an accident or fire the lease terminates immediately and without penalty - just the outstanding rentals less the finance costs need to be settled - this also assists for fire cover.
Can the lease be transferred to someone else if I want to discontinue using the car?
Normally this would not be possible unless the novation of the lease would only require small amendments to the lease - the covenant of the lessee is the most important issue for price and security of the lease.
If I have a technical question about the lease, is there anyone I can ask?
We would normally expect lessees to take legal advice when entering into a lease, however our staff are legally and financially trained and know the technical side of the leases very well. We cannot give you detailed advice on the specific circumstances of your lease but can give you guidance on every aspect of the generic treatment of the lease.
Can I hire the car to different drivers?
Providing that there is a representative of the lessee with the car on an event there is no real restriction on how and where the car can be used - you just need to treat the vehicle how you would if it was not financed.
FOR ANY OTHER QUESTIONS OR TO RECEIVE A NO OBLIGATION QUOTE, PLEASE CONTACT US OR USE THE "Request a quote" BUTTON.