FREQUENTLY ASKED QUESTIONS

What is "Non-status" leasing?

Non-Status Leasing means every proposal form is received and assessed on a case-by-case basis; we do not just rely on Credit Scores provided by Experian, Creditsafe or similar companies. Our underwriters  are very good at looking each and every indivi ...
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Is the P11d value different to the On The Road (OTR) price?

The P11d price is what HMRC uses to calculate your company vehicle tax, the more options on the vehicle the higher the potential Benefit In Kind would be. On The Road price is the price that you will pay on the forecourt for a vehicle, because many peo ...
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Do I need to pay company car tax?

If you are thinking of getting a Short Term Lease vehicle and it is going through your company, you might be liable for Company Car Tax or Benefit In Kind (BIK). The tax rate on the vehicle is depends on how much the vehicle costs and the amount CO2 g/ ...
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What is the cheapest short term car?

The cost of leasing a short term car depends of the type of vehicle your leasing and the amount of mileage that you require. There are also other factors that can effect the cost such as whether your are looking for a fixed contract or would like it to re ...
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Can I lease a short term car through my business?

At London Short Term Cars we accept both Limited or Public companies everyday for credit lines for use on Short Term Lease vehicles. In addition to have the short term leasing, we have access to a range of long term funders, which allows for vehicles to b ...
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Can I apply for a credit line?

With London Short Term Cars, the process of applying for a credit line is straight forward. You can give us a call and request a Corporate Business Proposal Form, from a member of our team, alternatively you can download it from our website! Complete t ...
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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 complete a Corporate Proposal Form, this can be obtained by either calling our team o 03 ...
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How do I lease a short term vehicle?

The first step to leasing a Short Term vehicle, is to decide whether you are going to need a s Short Term Fixed or a Short Term Flexible contract. Short Term Flexible contracts are just that... flexible. For the best prices on Flexible Contracts, you w ...
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How does car leasing work?

In America, Car Leasing is a very big deal, you basically rent the vehicle for a set period of time, usually 24, 36 and 48 months. In the UK this can be called either a lease, and operating lease or contract hire. At London Short Term Cars we offer veh ...
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My vehicle requires a service, what do I need to do?

If you have a vehicle from us and it is on a Maintenance package, please give the team a call on 0330 330 9425 to get this booked in with your local dealer. If you have a vehicle that is not on a maintenance contract, you will need to call your local d ...
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Do I need special insurance for a Short Term Vehicle?

Short Term Contract vehicles must be insured by yourself and you will need to ensure the following has been met: You must have FULL COMPREHENSIVE insurance for the duration of the contract. If you are having a vehicle on Short Term Flexible Contract the ...
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Do I need to pay a refundable deposit on a short term vehicle?

Refundable Deposits depend on the contract that you are on, either Short Term Fixed or Short Term Flexible, the type of company that you are and your credit score. Our underwriting teak will inform you  if you a deposit will need to be required, as part ...
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London Short Term Cars 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