Frequently Asked Questions About Lease to Buy

1. Who are Lease2Buy?

Lease2buy is a trading name of DCH Scotland Ltd who are a wholly independent Ayrshire based company who have enjoyed over 10 years of growth in the vehicle lease and finance business.

2. So what's different?

Because we self-finance, all our decisions are our own. As such, there are no finance checks required for approval, but we may do a minimal status check, that might appear on your credit history. In essence. If a customer has the required deposit we will usually allow them to repay the vehicle outright over a relatively short period of 30 months.

3. What's the first step?

Choosing the right vehicle for you is probably the only thing that takes time. Please select a vehicle that best suits your requirements. Complete a brief online application, then allow us to come back to you with approval.

4. What do I need?

Once approved, we ask for a securing deposit of £250* or more depending on the vehicle, this is so that we can prepare the car for collection. This will count towards your full deposit. Upon collection we ask for a copy of insurance, photo ID, a utility bill, bank details and any remaining deposit.

We will also ask you to fill in a simple affordability form. Click here to download it.

*refundable if you change your mind within the cancellation period, as prescribed in regulation 14 of the Consumer Protection (Distance Selling) regulations 2000.

5. What's included?

All vehicles are delivered with at least 6 months tax and MOT. In addition, your vehicle will have been fully serviced and valeted.

6. What happens at the end of the lease?

Once all weekly payments have been made, and the final payment, ownership, log book, spare keys and service history passes to the customer.

7. Summing up, what are the benefits of leasing with Lease2Buy?

No fuss or pressure.
Ex-fleet vehicles at realistic prices.
Fixed monthly outlay.
100% tax allowable.
Quick re-payment and ownership.

8. What are the terms and conditions of the lease?

When you come to collect your vehicle, you will be taken through all the required paperwork with one of our staff. The terms and conditions of the agreement are as follows.

1 Hire purchase
We enter into this hire purchase agreement with you for the hire to you of the Vehicle, on the hire purchase terms set out in the preceding pages of this agreement and below.

2 Payment by you
a) You must pay the Advance Payment, if any, shown in this agreement, on or before signing this agreement.
b) You agree to pay us the Total Amount Payable (less any Advance Payment paid) by the
installments and at the times shown in this agreement. Any Option to Purchase Fee, included in the final installment, is only payable if you want to become the owner of the Vehicle, as set out in clause 8.
c) It is essential that you make all payments in full and on time (see clauses 10 and 11). If you pay by post, you will be responsible for any payment lost in the post.

3 Safekeeping of the Vehicle
You must keep the Vehicle safely at your address.. You may not sell or part with possession of the Vehicle or transfer your rights under this agreement. You may only part with the Vehicle to have it repaired. You may not use the Vehicle as security for your outstanding debts or liabilities. You may not take the Vehicle outside the United Kingdom or use it for hire or reward without our consent.

4 Caring for the Vehicle
a) You must keep the Vehicle in good working order and condition at your expense. You are responsible for all loss of, or damage to, the Vehicle even if caused by events beyond your control, except for loss or damage due to fair wear and tear.
b) You must not let a repairer, or any other person to whom you owe money, keep the Vehicle as a result of your not paying the money you owe.
c) You must make sure that any tests or inspections required by law or by the insurer are carried out.
d) Unless we have consented in writing, you may not make any alterations or additions to the Vehicle (including fixing a personalised or non-original number plate). Any alterations or
additions made without our consent will become our property.
e) You must allow our representative to inspect and test the Vehicle at all reasonable times.

5 Change of address
You must let us know, in writing, within seven days of any change of your address or name.

6 Insuring the Vehicle
a) You must insure the Vehicle and keep it insured at all times at your expense with a reputable insurer, to its full replacement value under a fully comprehensive policy against such risks as are ordinarily insured against. You must tell us and your insurer about any loss or damage to the Vehicle within 48 hours of the loss or damage happening, and whether you or anybody else will be making a claim against the insurer. b) You agree to hold in trust for us any insurance moneys you may receive.
c) You authorise us to negotiate and settle any claim with your insurer; and to receive any moneys from the insurer under the policy. You may not withdraw this authority and you agree to accept any settlement we may reach with the insurer. You will still need to pay us any outstanding balance under this agreement. Unless we end this agreement pursuant to clause 11, this agreement will continue even if the Vehicle is lost or damaged. d) If you enter into this agreement for your business purposes, you must also obtain adequate insurance cover for employer’s liability, liability to third parties and liability for negligence and loss, damage or injury arising out of your use and possession of the Vehicle.

7 Operator’s Licence
If the Vehicle is a goods vehicle: a) you must be licensed under the Goods Vehicle (Licensing of Operators) Regulations 1995,and b) you (i) confirm that you hold a valid operator’s licence and agree to furnish us with a copy within seven days of the date of this agreement and at least annually following our request; (ii) agree not do anything which might result in the loss of that licence or which might result in the Vehicle being taken away under the Goods Vehicles (Enforcement Powers) Regulations 2001.

8 Ownership of the Vehicle
We remain the owner of the Vehicle until you have, (a) paid to us all the instalments shown in the agreement and all other amounts which may become payable by you to us under this agreement and (b) you exercise the option to purchase by paying the Option to Purchase Fee
shown in the agreement or, if none is shown, by notifying us in writing of your decision to
retain the Vehicle. Until then your rights are only those of a hirer of the Vehicle

9 Your right to end the agreement
You may end this agreement by taking the steps set out in the notice ‘Termination: Your
Rights’ shown in the agreement. You must then (at your own expense) return the Vehicle to us together with the registration document, tax disc and MOT test certificate. You must also pay to us any further amount mentioned in the notice.

10 Default interest and charges
a) If you fail to pay us any amount you owe us under this agreement by the due date we may, in addition to our other rights, charge you default interest on that amount from the due date of payment until its receipt by us at the interest rate shown in this agreement, both before and after any judgment.
b) You agree to pay to us any costs and charges shown in this agreement, which may become payable by you, and our reasonable legal and other costs for enforcing this agreement, including any payable to third parties acting on our behalf.

11 Our right to end the agreement
11.1 We will be entitled to assume that you refuse to comply with the terms of this agreement and to end this agreement, after giving you a default notice, if:
a) you break any of the provisions of clauses 2,3,4 or 6 of this agreement;
b) you provided false information when entering into this agreement;
c) the Vehicle is destroyed or treated as a total loss under any insurance claim;
d) you entered into this agreement for the purposes of your business and you stop trading or, if you are a partnership, the partnership is ended or court action has commenced to end it;
e) you have done anything which would allow any of your belongings, property, income or
savings to be legally removed to pay off any of your debts; or
f) any of the following happens:
(i) a statutory demand (that is, a written demand for payment of a debt of at least £750, which,
if not paid in full, may result in bankruptcy proceedings being brought against you) is not paid
in 21 days, or any steps are taken by you or anyone else to declare you bankrupt;
(ii) you take steps to enter into an arrangement or debt management plan with your creditors;
(iii) a bailiff or other officer controls or seizes the Vehicle or any of your assets following a
court order; or
(iv) the landlord of premises where the Vehicle is situated threatens, or takes steps, to seize or in any other way control the Vehicle or any of your assets.
11.2 If we end this agreement, subject to your rights as set out in the notice, “Repossession:
Your Rights,” we may take back the Vehicle from you and you must pay to us:
a) all instalments and other sums which have become payable by you to us under this
agreement, and
b) the outstanding balance of the Total Amount Payable, less:
(i) any Option to Purchase Fee and any rebate of charges to which you may be entitled and;
(ii) any money we receive from selling the Vehicle after we have deducted the costs of recovery, insurance and storage.

12 Exclusion
a) If you are dealing as a consumer, as described in the Unfair Contract Terms Act 1977, nothing in this agreement will take away your rights under the Supply of Goods (Implied Terms) Act 1973. (These relate to our holding title in the Vehicle, the Vehicle’s correspondence with description and the quality or fitness of the Vehicle).
b) In all other cases:
(i) you must inspect the Vehicle and use your own skill and judgement to decide whether it is of satisfactory quality and fit for your intended purpose; and
(ii) we will not be responsible for the quality of the Vehicle or whether it is fit for its intended
purpose, or whether it matches any particular description or specification. We will, however, procure for your benefit any manufacturer ’s guarantee relating to the Vehicle.

13 General
a) In this agreement “Act” means the Consumer Credit Act 1974; “terms” include, without limitation, the Terms and Conditions. “Vehicle” means the Vehicle described in this agreement and includes any replacements, renewals and additions, to which we or any insurer may agree.
Words and expressions to which meanings have been given on page 1 shall have those meanings in these terms. Headings to clauses shall not affect the interpretation of any of the terms
b) References to any Act or regulation includes any amendments to that Act or regulation.
c) If at any time we allow you to do something which is against any of the terms of this agreement, this will not prevent us from insisting that you strictly follow the terms and at any later time.
d) If two or more of you have signed this agreement as the Customer, you are liable jointly
and severally, that is together as well as separately under this agreement. This means that either of you can be held fully liable for the obligations of the Customer under this agreement.
e) If you discharge part of your indebtedness under this agreement early we may, by written notice to you, vary the amount of the remaining instalments or the remaining duration of this agreement, which may also automatically result in increasing the APR.
f) You may at any time request us to communicate with you by email. You must then provide us with an email address and provided we are practically able to do so, we will send you statements, documents, notices and letters (other than default notices) by email. It shall be deemed effective service if we write to you or email you at your address or email address last known to us.
g) We may transfer our rights and responsibilities under this agreement to another person. This will not take away any of your rights or responsibilities under this agreement. You may not transfer any of your rights or responsibilities under this agreement to another person.
h) English law will apply to this agreement. If you entered into this agreement in Scotland, words that are not in current use in Scotland will have their nearest equivalent meanings.

14 When this agreement comes into force
This agreement will only come into force if and when you and we, or our authorised representative, have signed it.

15 Rights of other people
Nothing in this agreement will give any person, other than you or us (or anyone who takes over from us or any person to whom we have transferred our rights under this agreement), any rights under this agreement.

USE OF YOUR PERSONAL INFORMATION:
Condensed guide to the use of your personal and business information by us and atCreditReferenceAgencies (CRAs) andFraudPreventionAgencies (FPAs)

In considering whether to enter into this agreement we will search your record with us and at CRAs. Your record may be linked to your spouse/partner or other person with whom you are linked financially (“associated records”) in which event you will be assessed with reference to associated records. Please be sure that you have agreement to disclose information about them.

Our search will create “a search footprint”. CRAs provide us with both public (including the electoral register) and shared credit and fraud prevention information. They will add to their record about you, details of our search and your application and, where relevant, the name and address of your business and its proprietors. This will be seen by other organisations that make searches and, together with other information about you and those with whom you are linked financially, may be used to make credit decisions about you and those with whom you are linked financially. If you are a director we will seek confirmation from the CRA that the residential address provided is the same as that shown on the restricted register of directors' usual addresses at Companies House. We may use a credit scoring or other automated decision making system.

We will add to your record with CRAs details of your agreement with us, any payments you make under it and any default or failure to keep to its terms. Records remain on file for 6 years after they are closed, whether you settled the debt or defaulted.

It is important that you provide us with accurate information. We may check your details with FPAs. If false or inaccurate information is provided and fraud is identified, details will be passed to FPAs and other organisations to prevent fraud and money laundering. These records will be shared with other organisations and may be used and searched by us and them, for example, to consider applications for credit and credit related services, or other facilities, for you and any associated person; check details on proposals and claims for all types of insurance; trace debtors, recover debts and manage your account(s); check details of job applicants and employees. Law enforcement agencies may access and use this information. We may make periodic searches at CRAs and FPAs to manage your account with us. We and other organisations may access and use from other countries the information recorded byCRAs and FPAs. We may use personal information about you which we acquire in connection with any application you make to us, or any agreement you enter into with us, to manage your agreement and for statistical or market research purposes. If we transfer, charge or assign your agreement to a third party or if we employ a third party to manage any aspect of your account, we may pass relevant information about you to them. Your personal data may also be used for other purposes with your specific consent or, in limited circumstances,where required by law or permitted under the Data ProtectionAct 1998.

Where any search or application is completed or agreement entered into involving joint parties, you both consent to our recording details at CRAs. As a result an ‘association’ will be created which will link your financial records and your associate’s information may be taken into account when a future search is made by us or another lender unless you file a “disassociation” at the CRAs.

How to find out more
You can contact the CRAs currently operating in the UK; the information they hold may not be the same so it is worth contacting the mall. Please telephone or write to us at the telephone number/address stated in this agreement if you want to have details of the CRAs or any FPAs from whom we obtain, and to whom we pass, information about you or if you would like to read the full details of how the information held by them may be used. You have a legal right to these details. You have a right to receive a copy of the information we hold about you. A fee may be payable.

9. Complaints

If you have an issue with any aspect of our service, you may contact us in the following ways:

Email: info@lease2buycars.com
Tel: 01294 277 550
In writing to: Lease2Buy, 13 High Street, Irvine, KA12 0BA..