What payments will be taken and when?
It can be tricky to keep track of what you owe and when it’s due at the start of any new financial agreement.
A vehicle lease will follow a similar structure to many other loans, and it’s important to familiarise yourself with the process. Read on to find out what you need to pay and when once your lease van is on order.
1. Processing Fee
The processing fee is the first one you’ll need to pay, and it needs to be done before we can arrange delivery.
This is £249 plus VAT, and can be paid by debit or credit card over the phone to the sales admin team, or via BACS.
2. Initial Payment
Despite its name, your initial payment will actually be taken 7-10 days after your van has been delivered.
3. Monthly Payments
Your monthly payment will then be taken by direct debit a month after delivery, and every month thereafter for the length of your van lease.
This will be taken on the same day every month, but you can talk to your funder and change this date if you need to.
4. Additional Charges
Any additional charges once the lease has ended for damage or excess mileage will be billed by your funder once your lease van has been returned to them.
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