Car and van leasing couldn't be simpler. But Parkway Contracts have comprised this step by step guide to make things even easier. If you have any questions at all regarding this, please contact us.
Parkway Contracts have access to any make and any model of car or van through our nationwide network of main dealer groups. So, if there is a car you fancy leasing we will be able to source it for you. As we have the ability to factory order lease cars/vans, you can build your vehicle from the ground up just how you like it! Our deals are available for both personal lease and business lease.
A lease is no different to any other finance agreement in the sense that Parkway Contracts require all customers to go through a credit check. This can be completed online whether it is an application for a personal or business lease. We will be unable to process any lease without a credit check and subsequent credit approval.
Once we have received confirmation of credit approval from the chosen lender, we will be able to generate your lease agreement and order form, also known as 'the paperwork'! This is made up of several documents; one is our Order Form. Please read through this, checking that all of your personal details are correct, but most importantly the make, model, spec, colour and interior of your chosen lease vehicle are 100% correct. The form will need to be signed and returned to us. Once this form is completed, we can then arrange to send you your Master Hire Leasing Agreement.
Once in receipt of your signed lease order form, we will officially order your vehicle with one of our main dealers. Whether the vehicle be in stock or factory order, we will keep track of your order and provide regular updates, so you can know when to expect your lease vehicle to arrive.
This is the main paperwork part of your lease. Known as Master Hire Agreement, depending on what finance funder used this may be a hard copy or signed online using an E-Signature. We may also require a copy of your Driver's Licence, a recently utility bill and/or bank statements to verify who you are. This process is known as Know Your Customer (KYC). Please note, we will be unable to arrange delivery of your new lease vehicle without a completed agreement that has been checked and authorised.
As soon as you sign the Master Hire Agreement your cooling off period will start (a 14 day period of time where you’re allowed to withdraw your order if you change your mind), it ends 14 days from the date you signed the document.
NB: The cooling off period differs if you take out a business lease. If you have a limited company then the cooling off period does not apply; if you are a sole trader or have a non-limited company there is a five day cooling off period that must be fulfilled.
Now for the most exciting part. Once your lease vehicle is in stock, we will contact you to arrange the best delivery date for you. We will always do our best to meet your delivery requirements. There is no additional cost to delivering your car as we offer free nationwide delivery on all of our leasing deals. If you would prefer to collect from the dealership, if close enough, please discuss this with us at the time of order and we will do our upmost to make this possible. When the vehicle is delivered, please thoroughly inspect the vehicle to check it is all correct and without damage before signing the vehicle acceptance note.
There you have it, your step by step guide to taking out a fantastic leasing deal with Parkway Contracts. I am sure you would agree that it is pretty straight forward. Start finding your perfect lease by search through the manufacturers we have on our website. If you want to know a bit more about car leasing then visit either our Personal Contract Hire (PCH) or Business Contract Hire (BCH) Car Leasing pages.