Call: 01702 410 470Mon-Fri: 9am - 6pm | Sat: 10am - 2pm
Loughton: 0208 508 6668Mon-Fri: 9am - 6pm | Sat: Appointment Only

Frequently Asked Questions

About Planet Leasing
Why should I lease from you?
Planet Leasing are the fastest growing vehicle brokers in the South East of England and we guarantee to beat, or match, any 'like-for-like' written quotation. We are completely independent and organic, providing you with the most appropriate, trusted advice for you and your business no matter which vehicle you require. We use competitive tendering across a wide panel of funders and manufacturers to secure the best possible price for your vehicle of choice. We do all the ‘leg work’ sourcing the best price on your behalf to free up your precious time so that you can focus on your business priorities – leave it to the experts!
How are Planet Leasing able to offer such low-priced deals – is there a catch?
No - there is no catch. We pride ourselves on our legendary, excellent customer service provided at no extra cost to the customer. We achieve the prices that we offer due to our buying power and commitment to volume established through our trusted relationships with our funders and dealers. Because of our commitment to volume, we receive wholesale discounts - therefore reducing the initial ‘on-the-road’ cost and monthly payments thereafter. These savings are then passed directly onto yourself but as they are often reliant on available physical stock; you have to be quick.
Where do your vehicles come from?
All of our vehicles are brand new and are supplied directly from a UK main dealer of our choice or directly from the manufacturer. Delivery is Free of Charge to any Mainland UK address (extra delivery charges may apply for Northern Ireland and some Scottish addresses).
How soon can I get my car from you?
If the car is in stock we can normally deliver within 10-12 working days of signing the finance documents. If we have to ‘factory order’ your car it will take longer than this, but we will be able to tell you this when you enquire.
Are you members of any association?
Yes - We are members of the BVRLA (British Vehicle Rental Leasing Association) and are fully approved by "Trading Standards - Buy with Confidence." In addition to this we are authorised and regulated by the Financial Conduct Authority (FCA) and hold a Consumer credit and Data protection licence so both you, and your personal details, are in very safe hands.
Vehicle Deals
What about my current vehicle?
No problem - We also offer a part exchange service through a respected partner in the Motor Industry. We will make the introduction should you require this PX service.
Why do some prestige models cost less per month than less prestigious cars which cost less to buy initially?
The monthly payments are calculated by considering many factors, which include: The estimated depreciation of the vehicle, the term of the agreement, the annual mileage, and the original discounted purchase price. Because prestige models hold their residual value better, there is less depreciation over the term and therefore a lesser amount will need to be financed resulting in lower monthly payments.
I can’t see the exact model I want to lease, what do I do?
No problem - we can source and fund any vehicle within the UK so please call us and we will find the exact model to suit your requirements and budget. Our www is rate-book driven, and is designed to show headline rates so, if you cannot find a price for a specific vehicle or term, please just call Team Planet and we will source the best price and quote you accordingly..
Can I put a personalised number plate on my car?
Yes - This is not usually a problem, but may be subject to a small administration charge from the funder. Proofs of ownership and/or retention may be required.
About Personal / Business Leasing
I’ve always bought my vehicle, why should I lease next time?
John P. Getty once famously said; "If it appreciates, buy it; if it depreciates, lease it!" Here's why...when you lease a vehicle you are only paying for the use of the vehicle and not for the vehicle itself. You only finance the residual value drop, not the purchase price, of the vehicle. You agree to pay a fixed monthly sum for the duration of the agreement and you are not financially responsible for the depreciation of the vehicle suffered during the term.

Why Lease? In summary:

  1. It’s Cheaper – wholesale discounts are passed straight onto the client!
  2. No interest payable – Contract Hire is not a purchase agreement so there are no interest-inflated costs!
  3. Drive a new vehicle – shorter contracts of 2,3 or 4 years allow you to experience a new vehicle (including all new engine & tech updates) every time!
  4. Fixed monthly cost motoring – if you have a budget, why not use it effectively? This can also include all maintenance, servicing, and replacement tyre costs should you require this option.
  5. Unaffected by the depreciation of the asset – just hand the vehicle back at the end of the contract and begin a new contract.
  6. No re-sell hassles – who enjoys being beaten down? Own your vehicle experience! We say, "Why buy when you can lease for less?"
I don’t have my own business, can I lease personally?
Yes - you may still benefit from the same rate as a business user but this is dependent upon the type of vehicle and the finance company. Personal Contract Hire Agreements are classed as a regulated agreements and are therefore subject to the mandatory Financial Conduct Authority 14-day cooling off period for the finance documents.
I’m opting out of my company car scheme - what’s the best way forward?
We can assist customers who have opted to receive a "cash-for-car" allowance or enter into a “salary sacrifice” scheme. Please call and speak to a member of our team. We will work out the best option for you.
Can you help if I’ve just started my own business?
Yes - however this may place limitations on your vehicle choice and the way in which it may be funded. Just speak to a member of our team.
Initial Payment and Ongoing Payments
Can I get a car lease without an initial rental?
In rare circumstances, a finance company may accept an initial rental of 1 month – however, this is dependent upon your credit approval type, affordability status, and overall risk-exposure as determined by the funder underwriting agents. The usual initial rental multipliers are 3, 6 or 9 months.
What is the initial payment?
The Initial rental (this is not a deposit) is an amount payable as the first month’s payment. We offer three, six or nine times the quoted monthly amount in advance but this can be negotiated subject to credit approval. The initial rental amount comes straight off the total contract amount which means the higher the Initial rental, the lower the monthly rental amount will be.
When is the initial rental payable?
On delivery or shortly thereafter, payable from a nominated UK current bank account. A full explanation of the leasing & financial processes will be given once you have chosen your preferred vehicle.
How will monthly payments be paid?
All monthly rentals are collected by monthly direct debit from a current bank account of your choice for the amount stated on your finance documents on the date you specified.
Car Lease Contract Regulations
Can a lease be transferred?
Unfortunately, a Regulated Contract Hire Lease cannot be transferred. Under very specific circumstances, a Non-Regulated Contract Hire Lease may be transferred via Novation provided strict criteria are met (such as): business-business links, types of business involved, the funder concerned, new credit check results, and agreement type; this is discussed on a case-by-case basis.
Can I terminate / extend my car lease?
Yes, you can terminate your car lease. However, the funder will expect a large percentage of the remaining value of your contract to be paid before releasing you from the contract – this percentage varies from funder to funder and will be determined on a case-by-case basis. Lease extensions are usually also determined on a case-by-case basis and will vary from funder to funder – so it will be best to check with your Team Planet member as part of your quoting process.
If I have a maintained contract, where do I take the car for servicing?
If you can, take your car to any of the manufacturer's approved UK-based dealerships which may well be your local dealership. However, any VAT-registered workshop can complete the servicing as long as they use OEM parts and register the service correctly.
What do I do at the end of my contract?
We will contact you 6-months, and then again at 3-months, before your current contract expires to discuss a replacement vehicle. We will then arrange for the funder to collect your vehicle at a convenient time at an address of your choice. At collection, the finance company undertake a vehicle inspection taking into consideration the BVRLA fair wear and tear guide that you received when you joined the Planet Family.
Car Lease Credit / VAT & Tax Details
Will a car lease affect my credit?
Once submitted for a credit line to be approved, a ‘hard’ check will exist on your credit profile history. If this credit application was declined, this may adversely affect future credit checks. We advise that potential clients check their credit score with a 3rd party company who specialise in this i.e. Experian. Planet Leasing is a credit broker and not a lender; and, as such, have no influence on the credit application process.
Can I get a car lease with bad credit / no credit check?
Planet Leasing will always insist on asking the client a full panel of ‘affordability’ questions and will always facilitate a full credit check conducted through the correct, authorised channels. Any company that does not do this is contravening their FCA licence regulations pertaining to KYC (Know Your Customer), TCF (Treating the Customer Fairly) as well as the BVRLA Code of Conduct. Please be wary of any deal/special offered with no credit check as it will probably be a scam.
Can a car lease be tax deductible? What are VAT qualifying car rules?
Planet Leasing is a Credit Broker and we do not advise on best accounting practice. Accounting regulations pertaining to how Contract Hire Leases are shown on Company Books have recently changed and we advise you to always check with your accountant in this regard. However, as a VAT-registered business owner, you can claim back up to 50% of the VAT element in your quarterly VAT return. You can only reclaim 100% of that VAT element if the vehicle is going to be used 100% for business purposes. You can, however, reclaim 100% of the VAT element on ALL commercial vehicles. You can also reclaim 100% of the VAT element on vehicle maintenance, servicing and repairs providing the business settles the invoice.
What happens if my car is damaged, stolen or an insurance write off – Am I then liable for any financial shortfall to the finance company?
The Insurance Company will normally negotiate directly with the finance company, however, we offer a GAP policy specifically designed for Lease Contracts to cover any potential shortfall (Please speak to a member of the team for more information).
Mileage Limitations
Should I be cautious about my mileage limitations?
No - Not necessarily, your mileage requirements are fully discussed during the initial quoting process. However, if you foresee yourself exceeding your original mileage estimation, you can request an alteration to the original agreement. As a result you would expect to see an increase in your monthly payments thereafter.
Why does the monthly rental increase with the number of miles I do?
The residual value of the vehicle is mainly affected by the amount of miles the vehicle covers during the term. Therefore, the monthly payments will generally be higher for a customer driving an overall greater distance.

I'm very pleased with the service I received from Planet Leasing. They were able to source the vehicle I required at a better rate than 3 other suppliers - including a main dealer. The vehicle was delivered on the day I requested by a very courteous driver and to suit the return date of my current vehicle. I’m very pleased with the service received so far and would highly recommend Planet Leasing.

Daniel Bourke, Kia Sportage

All vehicle images and car descriptions shown on this site are for illustration and reference purposes only as provided by CAP data, and are not necessarily an accurate visual representation of the vehicle on offer. Our platform is optimised to show the best available price for your chosen configuration, if you would like review other prices for similar deals, please contact a member of our sales team on 01702 410470.

Planet Leasing Limited is a credit broker and not a lender, and is authorised and regulated by the Financial Conduct Authority. Registered No : 688093. Planet Leasing Limited is an Appointed Representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts. You can check this on the FCA Register by visiting the or by contacting the FCA direct on 0300 500 8082.

Registered in England & Wales with company number: 06160177 | Data Protection No: Z9866952 | VAT No: 938 0368 07
Registered Office: 601 London Road, Westcliff-on-Sea, Essex, SS0 9PE

Website by Revive.Digital