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Guide to Vehicle Leasing

New to leasing? This guide has been created to offer you impartial information and helpful advice about leasing a vehicle.

With over 36 years of experience providing lease vehicles to business and private individuals, we can offer you the most comprehensive information and knowledge. If you have any further questions or topics you wish to discuss, contact one of our leasing consultants

Other Frequently Asked Questions

If you still have any questions that were not answered in a previous chapter, take a look at the below for our most frequently asked questions. If you are still unsure or would like to talk to one of our advisors please give us a call on 0118 983 8020

Why Fulton Leasing?
With a consultative "service over profit" mentality we pride ourselves on delivering not only the vehicle but the service you would expect when choosing Fulton to supply your new vehicle. Easy to talk the talk but having been established over 36 years we hope this gives any customer the peace of mind we know what we’re doing.
What Does Fulton actually do?
Ultimately we are a vehicle finance broker, we are proud to partner with the Uk’s top funders, in the current financial climate there are very strict requirements to partnering with them and some of our funders only partner with the top 30 brokers in the UK. Once we know you’re situation and requirements we check all the funders to see who is most competitive. On top of this we also source the vehicle at the most competitive rate possible from a UK main franchised dealer.
What we charge
We will charge you an administration fee of £165.83 + vat (£199 including vat) at the point of order. We will charge you £500 + vat (£600 incl vat) if you cancel your order. These charges are detailed in our Information Notice and Initial Disclosure Document. Unlike some of our competitors, we do not make any other charges for looking after you, such as changing DD information or amending contracts. during the lifetime of your agreement.
What the finance company may charge
  • It is a condition of the agreement that you must insure the vehicle comprehensively, maintain it in accordance with the Manufacturer’s recommendations, always repair any damage and keep the vehicle in a good and road worthy condition and failure to do so will result in a charge being made by the finance company.
  • Any changes made by the UK Government may impact on the agreement – for example whilst road fund licence may be included for the duration of your agreement, if this is increased, the funder will charge you for the difference or of the rate of vat increases or decreases adjustments will be made to any rental agreement.
  • In addition to your monthly payment or monthly rental, you may incur additional costs if you fail to settle any fines or fees including parking fines, clamping charges or congestion charges as these may be passed to the finance company who will recharge you and levy an administration fee.
  • You may incur charges if you decide to terminate the agreement prior to the contracted end date. Early termination charges vary between contract type and funder so please speak to us if you are considering this.
  • At the end of a contract (including early termination) you may be liable for additional costs if you exceed your contracted mileage (please refer to your agreement), any re-conditioning costs if the vehicle is not returned in a condition which they consider is suitable for its age and mileage, if the vehicle has not been correctly maintained or if any items which were with the vehicle at the time of delivery are missing, for example locking wheel nut, all keys.
  • Charges will be made if the vehicle has been modified in any way as this is strictly prohibited
Does the price include insurance?
Vehicle insurance is not included within your contract. It is a term and condition of any finance agreement that the vehicle is fully comprehensively insured and it is your responsibility to make sure that you have the correct cover in place.
How long does it take to get approved?
We normally say 48 hours but often it is quicker and with personal applications you can get approved instantly.
Is the car supplied by my local dealer?
Normally it isn’t, we use fleet dealerships normally over a retail dealership, they’re still main franchised manufacturer dealerships. This is because they usually offer far superior discounts which gives you a more competitive rental. Delivery to a UK address at a date convenient to you is included in the cost.
What is included in a fully maintained agreement?
It is a condition of the finance agreement that the vehicle is serviced and maintained in accordance with the manufacturer’s recommendations and that it remains roadworthy at all times. A maintained contract includes the provision of routine servicing, maintenance and replacement tyres subject to fair wear and tear and comprehensive roadside assistance and breakdown cover allowing you to easily budget by spreading the cost over the term of the agreement and avoiding any nasty surprises giving you peace of mind. For more information please see ‘Maintenance Packages’ or ask us for further details.
When is this initial payment taken?
The initial payment or initial rental is taken directly by the finance company by Direct Debit usually on or shortly after the delivery of your new vehicle.  Subsequent payments or rentals are usually taken by DD one month after the delivery date and so on, but please note that some funders action DDs on set days of each month and you will be notified of this.