PRESTIGE LEASE SOUTH EAST

Business Description

Prestige South East are one of the leading independent vehicle contract hire and car leasing brokers.

We specialise in sourcing the best car contract hire and van leasing special offers for both businesses and individuals from a range of automotive funders and dealers.

Although based in Kent, Prestige South East offers Free Nationwide Delivery direct to your home or office.

With many years collective experience in the contract hire and car leasing industry, all our automotive consultants are totally committed to saving clients time and money by fulfilling all vehicle procurement, finance, contract hire and car leasing requirements.

We supply and lease all makes and models of UK sourced cars and vans including special car leasing deals from prestige marques such as Audi, BMW, Infiniti, Jaguar, Land Rover, Lexus, Mercedes and Mini as well as providing free nationwide delivery of any vehicle direct to home or office.

Taking the hassle out of contract hire and leasing a new car or van, Prestige South East provide a "One Stop Shop" solution for sourcing and funding vehicles together with all after sales requirements including maintenance management, keeping clients informed every step of the way.

If you are looking to lease a new car or van, you may be unsure whether business contract hire or personal car leasing is the most cost effective and tax efficient way for you. We are therefore always happy to offer free unbiased contract hire and car leasing advice on the best way to fund your next car or van.

Whether you need assistance in managing an entire vehicle fleet or simply require a competitive quote for one vehicle, Prestige South East will be able to help!

Call the Prestige South East team now on 01322 383957 to discuss your specific car and van leasing requirements.

Business Services
The SME and corporate fleet team provide a One Stop Shop consultative approach to organisations with car and van fleets of 20 or more.

•Risk & Duty of Care
•Funding
•Maintenance
•Whole Life Cost
•Contract Management
•Daily Rental
•Administration
•Insurance
•Accident Management
•Fuel Cards
•Telematics
•Mileage Capture
•Grey Fleet
•Employee Benefits
•& much more...

Customer service is taken seriously by ensuring each of our fleet customers has a dedicated account manager, regardless of fleet size.

Multileasing have over 20 years combined experience in the automotive fleet management industry with a wealth of knowledge and expertise within our team. We act as your "fleet consultants", always able to give advice when you need it.

We offer a free without obligation automotive fleet review where we assess current and future needs in order to identify possible cost and time savings also ensuring that your legal duty of care requirements are fully satisfied.

Our unique approach centres around our aim to provide the absolute best customer service. As a Multileasing customer you have access to a dedicated account manager who personally takes care of your fleet requirements and provides a pro-active service.

The SME and corporate fleet team are passionate about what they do and are always on hand when you need them.

Whether you have an urgent rental requirement, a very complicated order for the CEO's new car or just want to review your contract mileage, we're here to provide you with the service you need, when you need it.

Comprehensive Fleet Management for all fleet sizes and sectors

We all know running and managing a fleet can present many challenges and be fraught with complications, so to counter this we have developed a comprehensive fleet management service. Our packages are bespoke and tailored to fit each individual customer. Systems and procedures have been honed over many years and are designed to be flexible enough to be tailored to companies of all shapes and sizes and moulded to cater for the specific dynamics of any industry sector.

Reducing your time and costs

Take a minute to think about the specific characteristics and requirements of your fleet operation and any particular aspects that have to be dealt with, regardless of how small. Ask yourself just how much of your time, your drivers' time and, ultimately, how much of your company's money it absorbs?

Whether it be arranging foreign travel letters for vehicles, supporting drivers by organising vehicle servicing or booking hire cars to name but a few, we can tailor a bespoke package to streamline any fleet.

Multileasing has one of the industry's widest portfolios of finance providers so we're always able to find you the right rate, credit or profile.

With your dedicated customer account manager and access to our extensive suite of online tools and services, your entire fleet is managed under one roof, but you still have the benefit of being able to source from any of our large range of finance providers.

Negate the need for "pooled mileage"

Don't restrict yourself to one or two providers by taking out a "pooled mileage" agreement. Our advanced Mileage Management system allows us to accurately manage your contract mileage and keep your costs to a minimum, regardless of how many different finance providers you use.

When it's all about price...

We believe our extensive customer support and technology services place us head and shoulders above our competition. But let's face it, every so often it simply comes down to price. Well we can help there too. Inevitably some providers can offer better deals on certain vehicles than others and by being able to "cherry pick" from the best providers for each vehicle, we can offer you some of the lowest rates out there!

Automated Quotation Systems

You can always be assured of a quick response when seeking a quote from us. Our automated quotation systems allow us to quickly and efficiently obtain quotes from our entire funder portfolio, enabling us to quickly find you the best deal.

We have developed some of the most advanced fleet management technology in the industry

Our bespoke IT systems help automate and streamline the running of your fleet, from obtaining an initial quote, right through to end of contract and replacement planning.

Customer Portal

Our online "Fleet Control" customer portal gives you and your team full access to your fleet information, with vehicle reports, driver search, mileage and servicing reminders and much more. The system is clearly laid out and easy to use. You'll be up and running in no time!

Driver Facilities

We have a range of driver facilities such as an online driver portal with access to their vehicle information and the ability to submit vehicle mileage and condition reports online.

Our system will also send SMS messages or emails directly to your drivers to remind them to submit their mileage. They can simply reply directly to the text message to submit their current mileage and can even take photos of their vehicle's condition and upload these to their online vehicle record.

Online Ordering

Our online ordering system allows your drivers to pick from a preset vehicle list to order their new vehicle. The list can even be filtered depending on their grade. This request is optionally sent to you for sign-off before our systems continue to process the order.

Order e-signing

Our online order e-signing facility allows you to electronically "sign" your new vehicle orders at the touch of a button. The process is easy and super fast. No more printing, scanning or faxing!

If you wish to arrange an automotive fleet review meeting or simply want to discuss your specific automotive needs, please call the SME and corporate fleet team on 01322 383957 or request a call back

Business Products
Car Finance and Leasing Guide

Our jargon free car finance, contract hire and leasing guide ensures you fully understand the various types of automotive finance and lease contracts available.


Business Contract Hire

Also known as an operating lease, business contract hire offers a fixed payment over the period of the lease contract with no risk to the customer on disposal. The vehicle is kept off an organisations balance sheet, whilst up to 100% of the rental can be offset against taxable profits. VAT is charged on the finance rentals with 100% of the VAT being reclaimable on the maintenance part whilst 50% can be reclaimed on the finance part if any private use of the vehicle is applicable. The road fund licence (RFL) is included for the entire contract period.

Summary: Business Contract Hire is tax efficient and offers a clean method of funding vehicles with no disposal risks. An optional fixed price vehicle maintenance plan can be added to save money and control costs.


Personal Contract Hire

Personal contract hire is the same as business contract hire but aimed at private users and is commonly referred to as a personal car lease. The car is purchased by the finance company who estimates a value of the car at end of the term and your monthly payment then consists of the depreciation and interest. The benefits are no residual value risk and fixed payments, but the car has to be returned in a reasonable condition and not at a greater mileage than stated at contract inception or the finance company will levy an excess mileage charge for this. The road fund licence (RFL) is included for the entire contract period.

Summary: Personal Contract Hire provides fixed monthly payments with no disposal risks or hassle. An optional fixed price car maintenance plan can be added for total peace of mind.


Finance Lease

This form of leasing offers a fixed payment over a flexible period of the lease with the responsibility of the vehicle disposal lying with the client. Any reward or risk upon disposal is entirely with the client. Finance lease can be offered with a final residual payment or without on a fully amortised basis with all rentals attracting VAT. The vehicle is capitalised onto the client's balance sheet and is countered on the liability side by the capital element of the outstanding rentals.

Summary: Finance Lease offers a tax efficient funding plan where organisations want to take the responsibility themselves for the resale of the vehicles.


Business Contract Purchase

The client agrees to purchase the vehicle via a series of fixed monthly payments comprising of a proportion of capital and interest. A final guaranteed balloon residual payment is inclusive which is pre stated on the contract at the point of sale which is equal to or less than the predicted future value. For tax purposes ownership of the vehicle is transferred to the client on the date the contract is signed. At the end of the agreement if the vehicle is worth less than the pre agreed balloon residual value, the client can hand the vehicle back to the finance company without penalty although excess mileage and condition penalties may be applicable.

The vehicle is classed as an asset of the organisation and the client gains access to the writing down allowances, a balancing charge or allowance is calculated upon disposal effecting a full, if delayed depreciation for tax purpose. No VAT is applicable to this finance plan.

Summary: A finance product for those who wish the option to own their vehicles but avoid the risk of financial loss upon disposal.


Personal Contract Purchase (PCP)

Personal Contract Purchase or PCP has terms normally from 24 months up to 60 months, again with fixed repayments and a guaranteed future value (GFV) which you have the option to pay to own the car at the end of the agreement although you can also choose to hand the car back to the finance company with nothing further to pay. The car needs to stay within the mileage amount stated at contract inception and also returned in a reasonable condition or the finance company does have the right to levy a charge for the loss in value.

Summary: A finance product for those who wish the option to own their cars but avoid the risk of financial loss upon disposal.


Hire and Lease Purchase

A tried and tested method of achieving vehicle ownership is hire or lease purchase. Usually hire purchase (HP) is subject to an initial deposit followed by monthly payments until the full amount of the loan including interest is repaid, the final payment usually has an option fee added and when this is paid the title of the vehicle passes. For the record, conditional sale is a similar product although title passes automatically upon the agreements inception.

Lease purchase operates in a similar way and has a residual or balloon payment at the end of the agreement. The benefit in looking at lease purchase over hire purchase is that the same value of vehicle can be purchased over the same period at a lower monthly cost as a proportion of the outstanding amount is incorporated into the fixed residual or balloon payment. Both options offer on balance sheet funding with access to writing down allowances for tax and accounting purposes, the purchaser is treated as the owner of the vehicle when the agreement is signed and not when the purchase option is exercised. All interest payments are deductible from profits as a trading expense. No VAT is applicable to these finance plans.

Summary: Ideal funding method for organisations who require the vehicle to be shown as an asset and wish to take the responsibility for the resale and disposal.


Balanced Payment Plan

This finance option allows a double benefit where the client requires a fixed payment linked to a variable interest rate facility. The client can benefit from future interest rate reductions and lower interest penalties upon early settlement of the agreement. The finance house base rate (FHBR) will fluctuate during the agreement and in the event that the FHBR is higher than that reflected in the periodic payments, then your payments will continue until the capital and interest balance is repaid. Alternatively should the FHBR be lower than originally assumed, then fewer payments will be required to complete the agreement. Capital lump sums can also be paid to create a shorter repayment period. In some cases the original monthly rental can be reduced whilst leaving the payment period as per the original agreement.

Summary: Ideal for clients who traditionally settle their agreements early and who take the responsibility of the disposal of their vehicles.


Sale and Leaseback

The ideal solution for companies who want to release the capital tied up in existing vehicle fleets straight into company reserves and remove the vehicles from the balance sheet. Subject to book value and specific requirements, the leasing or finance company can purchase your existing fleet and lease or contract hire them back to you for a pre agreed rental and period.

Additional benefits of sale and leaseback are that all your vehicles are purchased via a single paper transaction allowing a cash injection into the business which can improve gearing ratios. The organisation can take a new for old agreement where they benefit from the finance or lease companies disposal routes to release the cash value of the vehicles and replace them with new vehicles on contract hire.

Summary: Ideal for organisations who require a cash injection for use in other projects, in addition this product removes any future disposal responsibilities or risks.


Short Term Leasing

Has your car let you down, or do you need one in a hurry until your new car arrives? Short term car leasing or flexilease is the most convenient and flexible way to bridge the gap for any car rental over 28 days.

With low deposits, flexible terms, no long term commitments and low monthly payments, our short term, flexible car leasing service is ideal for employees on temporary contracts, new recruits, start up businesses, as part of a larger fleet or for those who just fancy a new vehicle every few months!

Summary: Ideal for individuals and companies that do not require a long term vehicle commitment.


Non Status Leasing

Since when the banks started lending money to consumers there have always been people who did not meet the normal underwriting criteria for the main stream banks. These people as far as vehicles go, fell into the non status or sub prime leasing bracket. However due to the credit crunch, it started to have an effect on lending criteria and since mid 2008 more and more people were finding themselves classed as a high risk by the banks and leasing companies.

The main stream banks realised that they could no longer lend the amounts that they had been doing as they were taking excessive risks. So underwriting criteria was completely changed and all of a sudden millions of people and businesses found themselves in the non status bracket through no fault of their own.

Summary: Ideal for individuals and companies with a poor credit history, adverse credit or are new start businesses.

Business Qualifications
BVRLA Members

Business Staff & Management
Our Management Team has over 20 years experience within the Motor Industry.

Business Clients
PLSE has clients ranging from BLUE Chip Nationals to the hard working Sole Traders acrosss the UK.

Business Memberships
BVRLA