At Prestige Vehicle Rentals our mission is to be the UK’s leading Car and Commercial vehicle leasing & rental provider. We take immense pride in this business and work with integrity, honesty and dedication to exceed customer expectations.
Our employees are fundamental to the success of the business and they strive to provide our customers with the best possible experience. We are committed to our staff and provide an environment where development can thrive and a culture where staff are recognised for their contribution to the Select Car Leasing story.
Our staff’s relationship with our customers is what makes us different, and we’re delighted that Trust Pilot continue to award us the ‘Excellent’ rating for customer satisfaction.
Customers repeatedly tell us that, while they love our great prices and our extensive range of makes and models, more importantly, it’s our friendly, knowledgeable, professional staff and the guidance they offer that keeps people coming back time and again.
More and more people every year are choosing to lease rather than buy their new vehicle and the growth in popularity has been phenomenal, with personal leasing now accounting for 1.6 million vehicles in the UK.
Car leasing is similar to car rental, in that you’re using a particular vehicle, for an agreed length of time (usually between 2 – 5 years), for a set fee.
With leasing you have complete freedom of choice over your vehicle’s make, model and specs (colour, trim etc.) and your contract is tailored to you in terms of your estimated annual mileage, the length of contract you’d prefer and how you’d like your payments to be structured.
At the end of the lease, the vehicle is simply returned, checked over, and your payments cease, leaving you free to lease again, should you wish.
Yes, you are eligible to apply for a lease car, however you will need to be at least 18 years old in order to sign the financial agreement, possess a full UK driver’s licence and prove credit worthy.
The ID documents you will need to provide as part of the processing of your contract will depend upon your credit score. Most people are required to provide proof of residency, proof of income or benefits and a proof of identity, such as passport or driving licence.
A lease is a financial agreement and you are required to be at least 18-years-old (in some cases 17 years old) when you sign up for the agreement.
When drawing up your lease contract, you will need to estimate your annual mileage. It is important that you estimate this as correctly as possible to help you avoid any excess mileage fees at the end of your lease. Many people know their average yearly mileage, however if you are unsure, you can refer to any recent MOT certificates and these will detail for each year how far you regularly drive in a year.
This refers to how the lease payments for a contract are going to be structured. These ‘payment profiles’ are adjusted to suit your personal preference, however the initial payment is usually either 3, 6 or 9 months’ worth of lease payments.
In the first example above (9 + 23), we have a 24-month contract where the initial payment amount is equivalent to 9 months’ lease payments, once this one-off fee is paid, it is followed by 23 x monthly payments. In the second example (6 + 35), we have a 36-month contract where the initial payment amount is equivalent to 6 months’ lease payments, followed by 35 x monthly payments.
The rule of thumb is the higher the upfront payment, the lower the on-going monthly payments and vice versa. Either way, the total amount payable over the term of the lease will be virtually the same.
As with owning a car, the more miles the vehicle has done, the less it will ultimately be worth. Therefore, if the customer has exceeded their estimated annual mileage they will need to pay an excess charge at the end of the contract.