JAGUAR FINANCIAL SERVICES
BUSINESS CONTRACT HIRE
Business customers can drive away the perfect Jaguar with an initial rental in advance of 1-12 months (subject to underwriting), regular monthly rental fees and no worries about what to do with it at the end of the contract**. An optional maintenance, routine service and repair package, could make things even simpler.
How it works:
Choose a brand new Jaguar, estimate your annual mileage* and select an initial rental and preferred contract term (between 18 and 60 months). You could choose to add an optional maintenance, routine service and repair package***. Your initial rental in advance and rental payment is then calculated to take into account these factors. Once approved, Jaguar Contract Hire buys the vehicle and leases it back to you. Subject to tax status and business use, you could reclaim the VAT.
At the end of the term, you return the vehicle to us and will have nothing further to pay provided the vehicle condition is in line with BVRLA fair wear and tear guidelines and has not exceeded the agreed mileage. If the vehicle does not meet the mileage and condition terms excess charges will apply. Choose your next Jaguar and, subject to status and credit application, start again.**
Benefits:
- Low rental cost- Low initial outlay and regular fixed rental payments for easy budgeting
- Road Fund License included
- Optional maintenance, routine service, tyre replacement and repair package could bring running costs together in a rental package. Subject to fair wear and tear. Driver abuse and misuse is excluded. Vehicle must be serviced in accordance with manufacturer guidelines.
- Flexibility to change your contract term and mileage if things change
- VAT registered businesses can reclaim a portion of the VAT paid on rental payments, and all of the VAT paid on optional service maintenance and repair packages
- You don’t have the worry of selling your car at the end of your contract because ownership remains with Jaguar Contract Hire
What happens at the end of my agreement?
At the end of the term, you return the vehicle to us and will have nothing further to pay provided the vehicle condition is in line with BVRLA fair wear and tear guidelines and has not exceeded the agreed mileage. If the vehicle does not meet the mileage and condition terms excess charges will apply. Choose your next Jaguar and, subject to status and credit application, start again.**
What else do I need to know?
- Choose from an initial rental in advance of 1-12 months (subject to underwriting) giving flexibility to set your monthly rentals to suit your budget
- Contract term between 2-5 years Agreed Annual Mileage 1) If you drive less than the agreed annual mileage this will not alter the monthly rentals 2) If you exceed the agreed annual mileage, excess mileage charges will apply
- Minimum Contract Annual Mileage. All vehicles 5,000 per annum. You can drive less than 5,000 miles per annum, however this will not alter the monthly rentals
- Maximum Contract Hire mileage is 120,000 miles over the duration on Petrol vehicles
- Maximum Contract Hire mileage is 150,000 over the duration on Diesel vehicles
- You can change the contract duration and mileage (except in the first and last 6 months of the contract)
- You will not own the vehicle
Important Information
Business users only. Contract Hire subject to status and credit application. Jaguar Contract Hire is provided by Lex Autolease Limited, trading as Jaguar Contract Hire, Heathside Park, Heathside Park Road, Stockport SK3 ORB.
*Minimum miles per annum is 5,000. Maximum mileage is 120,000 over the contract duration for petrol vehicles and 150,000 over the contract duration for diesel vehicles. Excess mileage charges will be payable if the vehicle has exceeded the agreed contract mileage at the end of the lease period. The contracted mileage will also be pro-rated in the event of any early termination of a contract (contract early termination fees will also apply).
**At the end of the lease, the vehicle will be transported to our disposal site for a full inspection to be completed. All de-hire damage is assessed by the BVRLA fair wear and tear guidelines, and any charges are levied using the Thatcham price guide. Details of which can be provided on request.