Key Facts – Finance Lease Terms

*Please note this is a non – regulated product.

Finance Agreement Information

➢ Finance Agreement: You will enter into a Finance Agreement for the Vehicle directly with the Finance Provider. This will typically be signed electronically. Please ensure you read, understand and accept this agreement promptly upon receipt. As a consumer, your agreement will be Regulated under the Consumer Credit Act.

➢ Vehicle Ownership: You will not have the option to own or sell the vehicle.

➢ Vehicle Usage: unless agreed within the Finance Agreement, the Vehicle cannot be used for Business Purposes e.g. Private Hire.

➢ Contract Term: The Finance Agreement is for an agreed Contract Term. Subject to the terms from the Finance Provider, you may have an option to amend or extend the agreement.

➢ Contract Mileage: The Finance Agreement is for an agreed Contract Mileage over the Term of the lease. If the Vehicle has exceeded the Contract Mileage when returned to the Finance Provider, an Excess Mileage Charge will be changed to You as stated in your Finance Agreement.

➢ Initial Payment (Direct Debit): Initial payments that are collected by direct debit by the Finance Provider are processed after the delivery of the vehicle and activation of the Finance Agreement.

➢Initial Payment (In Advance): Initial payments in advance of delivery are required to be paid directly to the Finance Provider using their specified payment method, ensuring that the Finance Agreement is secured before the customer receives the vehicle. (Cannot be paid on a Credit Card).

➢ Dealer Contribution: A dealer contribution refers to a separate payment that the Vehicle Supplier will make to the customer upon delivery of the vehicle. This payment effectively reduces the overall initial payment that is collected by the Finance Provider, thereby easing the financial burden on the customer.

➢ Road Fund License: The Finance Agreement includes Road Fund License for the duration stated on the Vehicle Order Form. Where it is not included for the Full Term, you will be liable for arranging and paying for the annual Road Fund Licence with the DVLA. If Road Fund Licence costs increase during the Term of the lease, you will be liable to pay the difference each year.

➢ Vehicle Insurance: The Finance Agreement states that you must maintain fully comprehensive vehicle insurance for the correct usage (e.g. private and commuting) until the Vehicle is returned to the Finance Provider. The insurer must be made aware that the vehicle is leased and the Finance Provider is the registered keeper.

➢ Contract Amendment: In the event your circumstances change, and you need to vary the term or mileage of the contract, you may be able to amend the Finance Agreement as per the parameters allowed by the Finance Provider.

➢ Informal Contract Extension: Subject to the terms within the Finance Agreement, you may be able to informally extend the Term of the lease at the end of the initial Term, subject to the agreed changes with the Finance Provider.

➢ Formal Contract Extension: Subject to the terms within the Finance Agreement, you may be able to formally extend the Term of the lease by entering into a new Finance Agreement at the end of the initial Term.

➢ Early Termination: In the event your circumstances change, and you no longer require the Vehicle for the duration of the lease term, you may request an early termination from the Finance Provider. This will be calculated as detailed in the Finance agreement

➢ VAT: The Vehicle Quotation is based on VAT at the prevailing rate. Any changes to VAT during the Term of the lease will be applied to the Monthly Finance and Maintenance rental payments.

Vehicle Responsibilities

➢ Vehicle Suitability: You are responsible to ensure the Vehicle on your Broker Services Order Form meets your requirements.

➢ Fuel Particulate Filters: Many Diesel and Petrol vehicles are fitted Particulate Filters to reduce harmful emissions. These regularly need to go through a process of regeneration to clear out soot and allow the vehicle to operate properly. Failure to follow the process and ignoring warning lights will likely cause damage to the vehicle. If you plan to use it mainly for low mileage town-based, stop/start driving then you should consider a vehicle without a particulate filter. Alternatively, if you proceed to order a Diesel or Petrol vehicle, then consider a change in your journey profile by incorporating longer journeys to limit the possibility of downtime and expensive repairs.

➢ Electric Vehicle Range: Customers who choose electric vehicles must ensure that the real-world range and charging speed are suitable to meet their driving needs. It is crucial to consider factors such as the vehicle’s battery capacity, the efficiency of charging infrastructure in your area, and the overall distance you plan to cover regularly. Assessing these elements will help avoid unnecessary inconvenience and ensure a smooth and efficient driving experience.

➢ If Vehicle Type = New Vehicle: A vehicle registered with the DVLA within 7 days of delivery. The Manufacturer Warranty Expiry and MOT requirements will be based on the registration date.

➢ If Vehicle Type = Pre-Registered Vehicle: A vehicle registered with the DVLA within 120 days of delivery to the customer will have its Manufacturer Warranty expiry, Date Based Service and Maintenance Intervals and MOT requirements based on the registration date.

➢ If Vehicle Type = Used Vehicle: A vehicle registered with the DVLA more than 120 days prior to delivery will have mileage and wear consistent with its age. The Manufacturer Warranty expiry, Date Based Service and Maintenance Intervals and MOT requirements based on the registration date.

➢ CO2 Values: Any CO2 values provided are indicative and may be subject to change prior to the registration of the Vehicle. The final CO2 value will be confirmed when the vehicle is registered with the DVLA.

➢ P11d Values: Any P11d values provided are indicative and may be subject to change prior to the registration of the Vehicle. The final P11d value will be confirmed when the vehicle is registered with the DVLA.

➢ Roadworthiness: You must keep the vehicle legal and roadworthy at all times.

➢ Servicing & Maintenance: It remains Your responsibility to ensure the vehicle is serviced and maintained in accordance with the manufacturer's requirements and any stipulations from the Finance Provider. Service and Maintenance Intervals could be Date, Mileage or Usage based. Regular servicing not only helps in maintaining the vehicle’s performance and longevity but also ensures that any potential issues are identified and addressed promptly.

➢ MOT: Refers to the mandatory annual test for vehicle safety, roadworthiness aspects, and exhaust emissions required in the United Kingdom for vehicles over three years old. The MOT will be due on the vehicle 3 years after the registration date. The customer must ensure the MOT is arranged and completed on time to keep the vehicle legal and roadworthy.

➢ Vehicle Specification: Please note that the individual specifications of the Vehicles displayed on Our Site have been supplied by CAP. Whilst We have made every effort to verify and ensure the accuracy of the information supplied, such information should only be used as a guide when You Order from Our Site. Please check with the relevant Manufacturer as to details of individual specifications for the Vehicles.

➢ Vehicle Warranty: Refers to the warranty provided for the vehicle by the manufacturer. This warranty typically ranges from 2 to 7 years, depending on the manufacturer, and includes a capped total mileage. The warranty begins from the date of registration of the vehicle with the DVLA. It expires based on either the duration of the warranty period or the mileage cap, whichever occurs sooner

➢ Accessories Warranty: Refers to the warranty provided for any accessories fitted to or supplied with the Vehicle that were not fitted by the Manufacturer e.g. Tow Bar. These Warranty periods will commence from the date the accessory is purchased and will last for a minimum of 12 months.

➢ In-car Connected Services: The Finance Provider may limit support for some in-car connected services. Refer to your Finance Agreement.

Maintenance & Breakdown Information

➢ Maintenance Type = Customer Maintained: refers to the customer assuming responsibility for both arranging and paying for the service and maintenance requirements on the vehicle in accordance with the manufacturers stated requirements. This means that all upkeep, including routine services, repairs, MOT and any other necessary maintenance, is managed and funded by the customer throughout the duration of the finance agreement.

➢ Maintenance Type = Funder Maintained: refers to the scenario where the customer is responsible for arranging the service and maintenance requirements of the vehicle in accordance with the manufacturer’s stated requirements. However, unlike customer-maintained agreements, the Finance Provider assumes responsibility for the payment of all eligible work, ensuring that all expenses are covered in line with their agreed parameters. This arrangement allows the customer to manage the scheduling and coordination of maintenance tasks while benefiting from the financial support provided by the finance company.

In the event You significantly exceed the annual mileage allowance the Finance Provider reserves the right to cease to provide or charge extra for the maintenance of the Vehicle.

Unless otherwise stated, Funder Maintenance will continue during any periods of Contract Extension.

➢ Maintenance Type = Select Partner Maintained: refers to the scenario where the customer is responsible for arranging the service and maintenance requirements of the vehicle in accordance with the manufacturer's stated requirements. However, unlike customer-maintained agreements, the Select Partner Maintenance company assumes responsibility for the payment of all eligible work, ensuring that all expenses are covered in line with their agreed parameters. This arrangement allows the customer to manage the scheduling and coordination of maintenance tasks while benefiting from the financial support provided by the Select Partner Maintenance Company.

In the event You significantly exceed the annual mileage allowance the Select Partner Maintenance Company reserves the right to cease to provide or charge extra for the maintenance of the Vehicle.

A separate maintenance agreement will need to be entered into, which is separate to the Finance Agreement. Select Partner Maintenance will cease after the initial lease term.

➢ Breakdown Cover – Customer Maintained: If you have opted for a Customer Maintained you will receive Breakdown cover from the Manufacturer, which will commence from the date of registration and last for a minimum of 12 months.

➢ Breakdown Cover – Funder Maintained: If you have opted for a Funder maintained you will receive Breakdown cover for the duration of the lease Term.

➢ Breakdown Cover – Select Partner Maintained: If you have opted for a Select Partner Maintained you will receive Breakdown cover for the duration of the initial lease Term only. This will not continue in the event you extend or amend the lease contract.

➢ Uneconomical Repairs: The Finance Company can terminate the lease early if repairs become uneconomical.

In-Contract Charges

➢ Late Payments: Delayed payments incur additional charges from the Finance Provider, including an administration fee.

➢ Penalty Charge Notices: will be forwarded to the You for payment, with an administration fee from the Finance Provider.

➢ Foreign Travel: Customers are required to obtain consent to take a lease vehicle outside of the UK in the form of a VE103. The VE103 form serves as proof of the vehicle's legal right to be driven abroad and includes details such as the vehicle’s registration number, the names of the driver, and the period for which the permission is granted. It is essential to request this documentation from the Finance Provider at least 28 days in advance of your travel plans to ensure a hassle-free experience.

➢ Private Plates: the Finance Provider may charge administration fees for the management of Private Plate changes.

End of Contract

➢ Vehicle Collection: it is Your responsibility to arrange collection of the Vehicle at the end of the lease agreement. The Finance Provider will need a minimum of 14 days before lease expiry to arrange collection. Rental payments continue until collection and charges may apply for missed or late collections.

➢ Return Condition: Vehicles must meet BVRLA Fair Wear & Tear standards on return; non-compliance results in charges for damage.

➢ Excess Mileage: Any mileage over the agreed limit incurs per-mile charges as per the Finance Agreement.

➢ Pro-Rata Mileage: Returning the vehicle early entitles you to a pro-rata mileage allowance based on term duration.

➢ Service Evidence: You are liable for charges if service and maintenance records are missing upon return.

➢ Items to Return with Vehicle:

o Service history or stamped service booklet/ digital record

o All keys/fobs/cards, including spares and codes

o Handbooks/manuals

o Locking wheel nuts

o Spare wheel/space saver/inflation canister

o Accessories included in the lease cost

Updated March 2026