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What is the initial payment/deposit?

Frequently Asked Questions

What is the initial payment/deposit?

The Short Term Vehicles are broken up into 2 categories; Fixed and Flexible. Depending on the tariff you go on will depend how the initial payment and/or deposit is made up. But here are the general rules:

Flexible Short Term Contracts:

Due to the way we take these from the supplier the Initial Payment is usually made up of 1 Period Rental plus VAT, Refundable Deposit (Equivilent to 1 payment inc. VAT), Administration Charge and a Delivery Charge. Payments are then usually taken every 28 days or Calendar Month until the vehicle is returned. The vehicle is assessed and the refundable deposit is refunded less any charges for damage or excess mileage, etc.

Fixed Short Term Contracts:

The process for Short Term Fixed contracts is much simpler. Their is an initial payment followed by the payments remaining in the contract. For Example. 6 Month Contract on a vehicle will have an initial payment followed by 5 monthly direct debit payments until the vehicle is returned.

Terms and deposits may differ if you do not meet the requirements of the credit assessment and/or you are a non-status customer or a new business start-up.

Other FAQ's

My vehicle requires a service, what do I need to do?

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I’ve got a puncture, is it covered?

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Can I take the short term lease car abroad?

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Can I reduce the mileage on my short term vehicle during the contract?

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How many people can I have on my insurance?

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Fair, Wear and Tear

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Do you have a short term vehicle availability list?

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Is the P11d value different to the On The Road (OTR) price?

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Do I need to pay company car tax?

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Do you offer car lease for bad credti?

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Short Term Car Leasing Ltd t/a Cocoon Vehicles Ltd (06113683) is 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

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Makes

  • Audi
  • BMW
  • Citroen
  • DS
  • Fiat
  • Ford
  • Jaguar
  • Kia
  • Land Rover
  • Lexus
  • Mercedes-Benz
  • Mini
  • Nissan
  • Peugeot
  • Renault
  • Seat
  • Skoda
  • Suzuki
  • Toyota
  • Volkswagen
  • Volvo

Body Types

  • Convertible
  • Coupe
  • Estate
  • Hatchback
  • Saloon
  • SUV

Fuel Types

  • Diesel
  • Electric
  • Hybrid
  • Petrol

Contract Lengths

  • 1 year car lease
  • 12 month car lease
  • 18 month car lease
  • 5 month car lease
  • 6 month car lease
  • 6.5 month car lease
  • 7 month car lease
  • 7.5 month car lease
  • 8.5 month car lease
  • 9 month car lease
  • flexible 12 month car lease

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