I am a company car user and have 2 cars with First Finance and regularly speak to Richard Mayle and Juliet via email,in the last few weeks I purchased a car for my wife, very happy with the car everything from start to finish happened so easily and efficiently. Fantastic service.
My truck back has now had the top installed. I can honestly say it's now my favourite car I've owned (over my RS5)
And I can't thank you enough for your hard and consistent service you've offered me. Please don't change your ways. You're a great company to deal with. Hats off to Will for battling hard for my custom. I wasn't an easy client.
Will be in touch in the next month for another truck and van
Jamie B @ Prestige
Helpful and friendly team of people. We have been using First Finance for a number of years now and would highly recommend them.
The car arrived today and I just want to say 'thank you' for your work and your support in getting it to me ready for my move on Saturday. You made it very easy for me and gave me confidence throughout that it was all under control.
I really appreciate you doing all of this and wish you a great Easter weekend.
All the very best
First class service received from David and the Team at First Vehicle Finance. You have made the process of arranging our lease plan so straight forward and easy to understand. Thank you so much for all your help. We are delighted with our new car. Kind Regards Dermot Kavanagh
Car arrived before time and is completely as expected, with no disappointments.
Thanks for your help, which in the time frame, went beyond exemplary. The service given was first class and I wouldn’t hesitate to recommend you to anyone.
First Vehicle Finance Ltd and David Linsdell (our Account Manager) have been an absolute pleasure to deal with. We needed a new pool car for our business and selected a Smart car. We received 3 quotes from lease hire companies (2 were on our network preferred supplier list) and First Vehicle had the best quote; significantly cheaper monthly costs, more choice of model and the best delivery date. The whole process has been efficient and extremely professional and we have been very impressed with the personal attention to detail displayed by David and First Vehicle. I would sincerely recommend them as the Vehicle Lease company of choice, and have urged our franchise network to adopt them as a preferred supplier.
William De Sousa
I am would just like to say thank you to First Vehicle Finance for organising my new car that arrived this week.
This is now the second car I have had from you and on both occasions, I found Will and Rob to be professional and efficient in the way that they dealt with my order.
I will continue to recommend your service to my friends, family and colleagues in the future.
Good Morning Chris
Just reporting back on my new company car I recieved from you yesterday. Very impressed on the model and spec of the car,what is also incredible is that its a bigger engine than my previouse model yet it has a lower emission output.This is good from a tax point but also better for the enviroment.The MPG is also better so that will result in operating cost for the company being lower. I have to say that when my old car was collected it was a bit sad as it had given me 3 years of trouble free motoring.I had not even had to change one single light bulb on the car during that time.Look forward to the next three years of motoring with my new car. Thanks again for all the help with giving me and my colleques all the P11D information for us to send to the HMRC office regarding personal taxation liability and the delivery was right on the day specified.
First Vehicle Finance Ltd and Richard couldn't have been more helpful. My wife had a very specific car in mind and a set monthly budget and Richard took a great deal of time in helping to explain all of the finance options, helping every step of the way in making sure we got our perfect car and under budget! The process was made very easy and the service was fantastic to the extent that I am now looking to finance a car for myself with First Vehicle! Highly recommend!
The two common ways of financing a car as a private individual are personal contract hire (PCH) and personal contract purchase (PCP). PCH leasing allows you to drive your new car and change every few years, with relatively low monthly payments and no worries about the car’s resale value. PCP is similar but gives you the option of buying the car in the future. When you lease a car, there are strict rules and restrictions, so make sure you understand how it work.
According to the Finance and Leasing Association - 4 out of 5 people with PCP plans do not choose to buy the car at the end of their contract
If you are part of the statistics of people who will probably want a new car after 2 – 4 years, then leasing a car via PCH (Personal Contract Hire) - might work out cheaper for you. However, if you can’t afford the PCH monthly payments and have to cancel the agreement, you may have to pay off the leasing costs in full, which would end up costing you more.While PCP can be used as a way of leasing a car, it also gives you the opportunity to buy the car and become its legal owner at the end of the leasing contract.
PCH does not.To do this, you have to pay a ‘balloon payment’ – also known as the Guaranteed Future Value (GFV) – at the end of the contract. This is in addition to your deposit and monthly payments and will be a few thousand pounds. The problem with balloon payments is that the balloon payment could be more than what the car is worth in some cases.With PCP (Personal contract purchase) the total amount you repay in monthly instalments is based on an estimate of how much the car will lose in value though depreciation between the start and end of the contract.If at the end of the contract you don’t want to buy the car, you simply hand it back. As long as the car is in good condition and hasn’t exceeded the agreed mileage, you won’t have to pay any more money [Dehire damage & excess mileage charges may apply].
With both PCH and PCP the lender can repossess the car without a court order. But with PCP, once you have paid at least a third of the total amount payable, they can’t repossess it without a court order. Once you have paid at least half the total amount payable under the agreement, you also have the option to "voluntarily terminate" the agreement and hand the car back to the finance company.
Find out more about Find a PCH car to lease.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
First Vehicle Finance Limited
Registered Office : The Cottage, 2 Castlefield Road, Reigate Surrey RH2 0SH
| Registered in England & Wales with company number : 05285260 | Data Protection No : Z9729803 | VAT No : 862 3889 84 |
First Vehicle Finance Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 669990
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