Leasing / PCH questions

[SlimPollack]

Hi all,

Decided to lease VW Tiguan recently and got VW Financial Services leasing documents to sign today.
As it is my first ever lease I need some advice and I've got 2 questions:

1.The broker deal included £2400 initial rental but the VW hire agreement shows higher amount of initial rental. Broker explained in the email that if the initial rental in the Hire Agreement is higher than that you have been required to pay, the difference is covered by the supplying VW dealer. Is that normal? Any hidden catch here? I don't want to be in a situation when higher amount of initial rental is charged from my bank account.

2. There is a statement in the agreement: 'you agree to make sure any replacement vehicle provided is insured in accordance with Term 5' (i.e. fully comprehensive). How can I insure the replacement vehicle if, for example, I will get it just for let's say a month while my leased one is broken/being repaired/serviced?

Any ideas?

[SlimPollack]

Many thanks for all your reply.

I started looking for insurance quotes for the car.
Insurance comparison websites ask me who is the registered keeper. I know I'm not the owner of the car but any idea who's on V5C of yours VWFS leased cars? Is that VWFS or the actual keeper (you)?

[SlimPollack]

That's fine here in the UK.
What if you want to go for example for your holiday abroad where you have to have the registration document with you?
I know you need to let VWFS know and get their permission but will they give you V5C then for the period of the travel?

[SlimPollack]

Most European countries are not that liberal re car documents like here. So travelling there without V5C and/or authorisation is like driving stolen car.
How their police will know the car is not stolen in case they stop you?

I suggest reading here:
http://www.theaa.com/motoring_advice/overseas/gene...

"If you're taking a company-owned, hired or borrowed vehicle you'll need a letter of authorisation from the registered keeper as well as the original vehicle registration document (V5c) or a Vehicle on Hire Certificate (VE103).

The VE103 is the only legal alternative to the V5c and you can get one from BVRLA/All fleet services on 01452 881037"

Edited by SlimPollack on Sunday 9th October 00:20