Our FAQs explain more about Simple Car Funding and our services. If you need any further information, please do not hesitate to contact us.

How does a car lease work?

You choose exactly which brand new car you want to drive and Simple Car Funding will lease (hire) it to you for three years in return for an initial payment and fixed monthly payments over the period.

Your three year car lease includes breakdown cover, servicing and road tax – all fully included in the fixed monthly lease payments. All that remains for you to do is to arrange the insurance for your car.

At the end of the 36 month agreement we will arrange a time for you to return your car to the dealership. You can then either choose another brand new vehicle for the next 36 months or simply walk away.

What are the minimum criteria to qualify?
  • You must be aged 25 years or more
  • Have no serious convictions
  • A UK residence history (we are open to EU and non EU nationals)
  • You will need to be in receipt of a regular income: either
    • as an employee, or
    • as self employed, or
    • have another source of income such as maintenance payments from your ex-spouse, property rental income, a pension or other.
  • Your ability to take on the financial commitment of a three-year car lease contract will be assessed by our credit underwriter.
What if I have an imperfect credit score?

Our credit underwriter will assess your ability to service the car lease contract on the basis of your completed lease application form and a telephone discussion of your financial position.

How do I order my car?

You will be able to choose your car from our website and agree any extras you need over the telephone with our account manager who can also help you with an alternative car/model not advertised.

After you have chosen your car and been approved for the lease agreeement, you can place an order for your car with our account manager who will also advise you of the estimated time to delivery.

How do I collect my car?

We will contact you a day or two in advance to inform you that the car will be ready for collection and make an appointment for you to collect your car at our recommended car dealership.

Alternatively we will arrange for the car to be delivered to your door, free of charge.

What can my car be used for?

You can only use the car for social, domestic and pleasure purposes and for travelling to and from a place of work.

Your car is for use on mainland United Kingdom. You can take your car abroad with our prior agreeement.

How does the fitted telematics system work?

The vehicle is fitted with an advanced telematics device, invisible to the driver but important for management of the car.

The telematics device monitors every aspect of the car including its location (in case it’s ever stolen and needs to be retrieved), mileage and service intervals.

The telematics system also supports the monitoring of standing order payments received each month and if a payment is missed, the car will be immobilised when stationary and safe to do so.

Arranging my car insurance cover

You need to arrange fully comprehensively insurance for yourself and your named drivers.

Under the terms of the lease you are limited to use the car for social, domestic and pleasure purposes and for travelling to and from a place of work. The policy excess should not exceed £500 which is the amount you will be liable for in the event of an insurance claim.

Our partner A-Plan Insurance can help you with arranging your car insurance

A-Plan has been providing a personalised service to over 600,000 clients since the 1960s, with over 80 high street branches and specialises in insuring leased cars.

Please call 01582 420101 and speak with Kyle or Nilesh or email to luton.office@aplan.co.uk.

A-Plan, making insurance easy

What does my car warranty cover?

You are covered for mechanical faults by the terms set by the manufacturer, general wear and tear is down to you.

What does my service plan cover?

You have a full servicing plan throughout your lease.

What does my breakdown cover include?

If you breakdown we will fix your car or if necessary tow you to the nearest dealership, anywhere in the UK, 24/7.

What is general wear and tear?

General wear relates to the useage of tyres, brake pads, clutch, windscreen wipers and occurrence of scrapes, dents and scratches. These are costs which are not included under the monthly car lease payments which you will need to cover.

Can I end my lease early?

The lease contract runs for the entire duration of 36 months and cannot be voluntarily ended before the end of the lease term.

How do I make my lease payments?

Your 1 month advance rental (paid when you place an order for your car) and the first monthly rental can be paid by a bank transfer or by payment card.

You make the remainder of your monthly lease payments by standing order.

Any additional payments in respect of the lease such as penalty fines will be collected by direct debit.

What happens if I miss a payment?

If you miss a payment your car will be immobilised if payment is not received within 5 days.

If payment is not received within 14 days of notice of lease termination being sent then the car will be retrieved.

What happens if I get a parking ticket?

If you receive any kind of ticket you will be liable to pay this.

Leasing a brand new car vs buying a used car on HP

If you are considering buying a second hand car on hire purchase, remember that a car is not just an asset, it’s also a financial liability.

By purchasing a used car on hire purchase, your used car will become quite old by the end of the contract with a growing risk of breakdown and expensive repairs and maintenance to pay for. Leasing a brand new car with Simple Car Funding with a 3 year warranty, servicing, road fund licence and breakdown cover fully included will give you peace of mind of a reliable car and a fixed monthly financial outlay.

Buying a used car may also leave you at risk of failing ever stricter environmental standards.