FREQUENTLY ASKED QUESTIONS

What is “Non-status” leasing?

Non-Status Leasing simply means that each proposal form received is dealt with on a case by case basis and not just purely credit checked through creditsafe and Experian. Our underwriters are fantastic at looking at each individual or company application ...
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Is the P11d value different to the On The Road (OTR) price?

When you buy a brand new car, depending on the make and model, you generally see the On The Road price displayed. Most people will barter for a better price and you could be hundreds, if not thousands of pounds better off. However the P11d price is offic ...
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Do I need to pay company car tax?

If the Short Term Lease vehicle is going through your company, you maybe liable for Company Car Tax or Benefit in Kind (BIK). The rate of tax is dependant on the vehicles cost and CO2 levels, so the rate of BIK is determined as a different percentage. Th ...
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What is the cheapest short term car?

The cost of short term car leasing is dependant on the vehicle you need and the mileage you want. Other factors include whether you want a fixed contract or you want it to remain flexible. Generally the Supermini's such as the Fiat 500 and the Toyota Ayg ...
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Can I lease a short term car through my business?

Yes, we accept both Limited and Public companies every day for credit lines to use on Short Term Lease vehicles. We also have access to a range of long term funders for 24, 36 and 48 month contracts. To set up a credit line, we will ask for a Proposal Fo ...
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Can I apply for a credit line?

You can apply for a credit line to take vehicles off [sc name="COMPANY"], the process is pretty straight forwards. You can request a Coporate Business Proposal form from a member of our team or you can download it directly from our website. Complete this ...
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How do I qualify for a short term business vehicle lease?

If you are a Sole Trader, Partnership, Limited Company or Public Company then there are a few items you will need to send us. First of all, we ask all companies to comoplete a corporate proposal form, this allows us to go on to Creditsafe, Experian and C ...
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How do I lease a short term vehicle?

If proceeding with a Short Term Vehicle is for you or your business, our process is pretty easy and straight forward. Firstly you need to decide wheter or not you want a Fixed contract or a Flexi Contract, with the latter you simply need to take the vehi ...
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How does car leasing work?

Car leasing is very big in America, you basically rent the car for a period of time, usually 24, 26 and 48 months. In the UK this can be called a lease, and operating lease or contract hire. Here at Short Term Leasing Ltd, we offer vehicles on Short Term ...
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My vehicle requires a service, what do I need to do?

If you have a maintenance contract then please give the office a call on [scname="tel"] to get this booked in with your dealer. If your vehicle has not got a maintenance contract all you need to do is get it booked in with your local dealership, the best ...
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Equalease Short Term Cars Ltd t/a Cocoon Vehicles Ltd are authorised and regulated by the Financial Conduct Authority (711074). We act as a credit broker, not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk

 

For complaints information when a transaction is completed online, please access the Online Dispute Resolution platform at http://ec.europa.eu/consumers/odr