What is a pre-registered vehicle?A pre-registered vehicle – often referred to as a pre-reg vehicle or car - are new vehicles that have been purchased and then registered, usually by franchised dealers, main dealer groups or leasing companies, to achieve preferential levels of discounts directly from the manufacturer.
Why do manufacturers adopt the process of pre-registering vehicles?Manufacturers adopt this policy to control stock levels and to help them gain market share without affecting vehicles’ recommended retail price (OTRP). It is also a common way for manufacturers to clear existing model lines prior to the release of an updated or new version.
Fully maintained contracts offer you and your company convenience and reassurance, knowing that you will not be faced with unexpected bills, and enabling you to budget company car maintenance costs with confidence and total control.
Our aim is to find the right solution from our wide range of products and services and recommend that you compare contracts without maintenance and contracts with full maintenance prior to signing. Contract agreements that include maintenance are constructed to cover all your motoring costs excluding fuel and insurance.
Business Account EligibilityContract Hire and leasing agreements are underwritten by the financer (Contract Hire / Finance Company) as a credit facility for businesses (limited companies, sole traders, LLPs and PLCs).
Account approval takes in to account the customer’s credit status and vehicle cost similar to that of normal vehicle finance, even though the vehicles is the property of the financer from the outset.
Account approval can be applied for singular vehicle transactions, or for a credit facility to cover a multiple vehicle fleet. Account credit approval must be first agreed by the financer prior to vehicle order.
Is business contract hire suitable for your requirements?
Contract Hire is exactly what the name suggests. It is an agreement to hire a vehicle over a fixed term with an annual mileage limit.
Contract Hire is now the business users’ most preferred option to acquire a new vehicle – it is suitable for all types of small and large companies, as well as partnerships, that are VAT registered. If you fall into this category, then choosing Contract Hire could be what you’re looking for.
Fully maintained contract hire offers you and your company convenience and reassurance, knowing that you will not be faced with unexpected bills, and enabling you to budget company car maintenance costs with confidence and total control.
Our aim is to find the right solution from our wide range of products and services and recommend that you compare both contract hire without maintenance and contract hire with full maintenance prior to signing. Contract hire agreements that include maintenance are constructed to cover all your motoring costs excluding fuel and insurance.
All Vehicle Contracts is a member of the British Vehicle Rental and Leasing Association (BVRLA) and subscribe to the standards recommended by the British Vehicle Rental and Leasing Association (BVRLA), which are also widely used as a benchmark in the vehicle industry for all major contract hire and rental companies.
We set out to generalize what is acceptable and what is unacceptable as follows and as recommended by the BVRLA in relation to contract end vehicle return. Vehicle return terms and conditions will be detailed on the relevant documentation appertaining to yours or your company’s agreement.
In compliance with our governance, our aim is to ensure you have an understanding that contracts excluding servicing and maintenance could result in you being faced with unexpected bills that may be unaffordable and have not been budgeted for throughout the contract term and at contract end.
Customers that choose to opt for customer-maintained agreements will be responsible for costs relating to servicing and maintenance costs and for tyre replacement to comply with safe legal tyre depth readings (minimum 2mm tread depth across all treads including the spare)
Up to date vans and commercial vehicles can say a lot about your business and also reflect your business branding that can generate business and create customer confidence and trust. Up to date vans and commercial vehicles can often be cheaper to lease than you think.
Why Flexi lease and leasing is ideal for vans and commercial vehicles?
Here at AVC we believe Flexi lease and leasing can be a better alternative to Contract Hire and can be a better financial option than buying it outright, providing your lease is tailored to your requirements from the outset. So let’s look at the key points a finance lease or flexi lease offers over contract hire.
Since 2009, diesel particulate filters have been present in the exhaust to reduce pollution and stop soot passing into the atmosphere.
The goal is to cut particle emissions by 80%, but the new technology is not without problems, with many breakdown situations being caused by cars with a blocked DPF.
Diesel particle filters need to be emptied on a regular basis to maintain performance, usually via a process known as ‘regeneration’, when the temperature in the exhaust is high enough to allow it – usually on faster roads.
The collected soot is burnt off, leaving very small tiny ash residue. Although the ash can’t be removed, if used correctly, a DPF in a car should be good for more than 100,000 miles.
Key Information regarding PCP(Personal Contract Purchase)
All Vehicle Contracts Limited may also be referred to herein as ‘We’ ‘Company’ ‘AVC’ ‘Us’ ‘Our’ and ‘All Vehicle Contracts’.
Customers and potential Customers may also be referred to herein as ’You’, ‘Your’ and ‘Clients’.
Key Information regarding PCP (Personal Contract)This page will provide You with the facts, offering summarised information and guidance on PCP Personal Contract Purchase, as funding method for Your chosen vehicle. PCP Personal Contract Purchase
Vehicle Insurance and PCP (Personal Contract Purchase)
As with any contract or finance agreement, You are required to maintain a fully comprehensive insurance policy for the duration of the agreement.
Hire Purchase or Lease Purchase finance agreements are the same, the difference being is that lease purchase can offer lower monthly payments by incorporating a final payment (sometimes referred to as a balloon payment); this figure is one larger payment due at the end of the lease purchase agreement. The purpose of setting this figure is to reduce monthly payments compared to that of normal hire purchase. The agreement will either be Regulated or Unregulated under the Consumer Credit Act.
Personal Contract Hire and PCP vehicle finance is rapidly expanding and becoming one of the most popular methods of acquiring new vehicles for personal consumers. Personal Contract Hire and PCP vehicle finance are classed as regulated consumer related products and protected by the 1974 Consumer Credit Act including Personal Contract Hire, although it is essentially a fixed term hire agreement.
Before being able to enter into any form of agreement - regulated or not - you will require lenders (usually major finance companies and contract hire companies) to agree to offer you the relevant credit account before you are able to proceed with your vehicle order.
All Vehicle Contracts is a member of the British Vehicle Rental and Leasing Association (BVRLA) and subscribe to the standards recommended by them. These standards are widely recognised as a benchmark in the vehicle industry for all major contract hire and rental companies.
Below is a generalised guide as to what is acceptable and what is unacceptable as recommended by the BVRLA in relation to contract end vehicle fair wear and tear.
Acceptable vehicle return standards
Windscreen and windows - Surface chips with no spreading cracks, professionally repaired minor chips