INFORMATION

To assist in making informed choices we have made it easy for you to gather information. Click on any panel to reveal detail covering each subject mentioned below. If you need further clarification, require assistance or have any questions please feel free to contact us by email or telephone.


       
 
       
 
       
About Us:Close

Where we are

  • Based in Bournemouth near the town centre our business activities cover the whole of England Scotland and Wales.
What we do

  • We provide new UK main dealer supplied cars, pickups and commercial vehicles up to 3.5t to businesses and private individuals on contract hire terms
Who we are

  • A specialist vehicle leasing brokerage dedicated to contract hire sales supported by administration and IT departments Drawn from retail and motor trade sectors our sales staff and management have widespread experience in vehicle acquisition, new vehicle sales and motor finance
Customer Care:Close

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Web forms

Phone Us

  • Call us direct 0844 478 1978

    Opening times
    Monday to Friday 8am to 6pm Saturday 8am to 12 noon


    • Request a call back

      • Go to home page and insert your number
        We will contact you at your convenience
Email us

Fax us

  • Fax to 07005 804 365
    This is a premium rate number providing first generation
    digital facsimile pages via secure servers
FAQ's:Close

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Termination - Early Termination

  • If you wish to terminate a vehicle contract before end of term there will be a financial penalty Details of costs involved will be printed on your agreement. We recommend you contact the leasing company direct to request an "Early Termination Settlement" figure in writing.
At RapidLease we want you know how we manage your order

  • RapidLease have links with a network of dealer distributors throughout England, Scotland and Wales
    Once your order is placed with us we then acquire credit acceptance from the leasing company supplying you with the appointed dealer distributor details and contact information.
    Our appointed dealer is tasked manage your vehicle order, issue of contracts, payment receipt, registration, pre-delivery inspection, valeting and delivery to your home or office.
Cover - Early Termination Insurance

  • Your vehicle insurance company may be able to provide Early Termination Insurance cover to protect from financial risks of redundancy, serious illness, disability and death. Please contact your insurers for full details.
Contract Hire / Lease GAP Insurance

  • Eligibility - Contract Hire & Personal Contract Hire, Business & Personal Contract Purchase
    Contract Hire / Lease GAP is available for vehicles financed under a contract hire agreement or other lease type arrangements only and is available to companies and private individuals. New cars can be covered for a maximum period of 5 years.
    Contract Hire / Lease GAP is available for the period of cover you require, If the vehicle is written off during the contract hire / lease agreement, you will be personally liable for any financial shortfall remaining if the contract hire company require more than your motor insurer is willing to pay in settlement.

Example:

  • Original Cost of your car:£20,000
    Deposit or Initial Payment:£2,000
    Amount of loan or Contract Funding:£18,000
    One year later the car is stolen or is in an accident and declared a total loss.
    Amount still owing to your leasing / finance company:£12,000
    The insurance company pays you only:£9,000

So what will you have to do?
Simple! The Vehicle end user (in contract hire) or owner in contract purchase) has to pay the "GAP"

  • Solution
    Contract Hire GAP Insurance will pay that £3,000 still owing to the Finance / Contract Hire Company
    Get GAP Quotation
    Click and get a personalised free no obligation quotation. The program is fully FSA compliant
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Comparisons

  • Outright Purchase Lease Purchase or Hire Purchase Finance Lease Contract Hire Contract Purchase
    Who owns the vehicle? The Customer The Funding Company until the final payment is made The Funding Company until the final payment is made The Funding Company The Funding Company until the final payment is made
    Who carries the Residual Value risk? The Customer The Customer The Customer The Funding Company The Funding Company
    Who carries the ongoing Maintenance risk? The Customer The Customer The Customer The Funding Company assuming a maintenance contract is taken The Funding Company assuming a maintenance contract is taken
    Is the vehicle on or off the balance sheet? On balance sheet On balance sheet On balance sheet Off the balance sheet On balance sheet
    Typically, how much cash is required up front? 100% of vehicle purchase price Typically 15% of purchase price Typically 15% of purchase price Typically 6-7% of the purchase price (i.e. 3 months advance rental) Typically 6-7% of the purchase price (i.e. 3 months advance rental)
    Who arranges delivery and collection of the vehicle? The Customer The Customer The Customer The Funding Company The Funding Company
    Does the customer own the vehicle at the end of the contact? Yes Yes No No Yes, if the final lump sum purchase payment is made
    Can the monthly payments be offset in full against tax? There are no monthly payments. Capital Allowances can be offset against tax but are limited to 25% or the vehicle price of £3000 per annum whichever is the greater. The finance element can be offset. Capital allowances are available as per "outright purchase" All of the monthly rentals may be offset against tax. For vehicles costing over £12,000 a proportion is disallowed. All of the monthly rentals may be offset against tax. For vehicles costing over £12,000 a proportion is disallowed. In addition 100% of the maintenance payments may be fully offset. The finance element is allowable with no rental restriction for cars over £12,000. Capital Allowances are also available.
    Assuming some private use, what % of input VAT can be reclaimed? None None 50% of the VAT on rental payments. 100% of the VAT on maintenance. 50% of the VAT on rental payments. 100% of the VAT on maintenance. None
Car Tax

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Proposals

  • Order Proposals received are treated as credit applications and subject to underwriters approval
    Once credit approved, vehicles can then be reserved or placed on order


    • General

      • At every stage of the process we will acknowledge receipt, guide you through and keep you informed
        If you need assistance with any of these forms please contact us by phone or email
        tel: 0844 478 1978 email: Mail@RapidLease.co.uk
Requests

  • To request a written contract quotation CLICK HERE
    These web forms are designed to help you provide us with
    information required to produce an accurate quotation
Orders

  • Typed order (order proposal) forms are issued as email attachments provided in Word format If you do not have Word you can request the form in pdf format to be printed off and faxed

    see sample business order proposal pdf HERE
    see sample personal order proposal pdf HERE
Quotes

  • Written quotation are issued as email attachments provided in pdf format
    Quotations are valid for 7 days and subject to changes without notice

    see sample business quotation pdf HERE
    see sample personal quotation pdf HERE
Letters & CommentsClose

 
  • Our new improved website was launched on 1st May 2009
    All customers past, present and new are welcome to have their comments posted here

    We will only post your initials and main town location on this page
    e.g. Joseph Bloggs of Smethwick becomes Mr J.B of Warley, Birmingham

    If you have something good to say about us, please allow us to tell the world
    If you have something not so good to say about us, please tell us

    Email your letters and comments to: Mail@RapidLease.co.uk we will read and respond to your feedback
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Our Partners and Friends

  • Visit Contract Hire & Leasing Visit Win A Car Competition CarLeasingCompanies.co.uk Visit Fleet Directory Visit The Van Website
     
    Visit RoadTestReports.co.uk Visit TheGreenCarWebsite.co.uk
     
     
    Local Dorset Business Directory