1. PERSONAL CONTRACT HIRE
HOW IT WORKS
Personal Contract Hire is a fixed cost lease agreement which is available for a period of 1 - 3 years exclusively for new Defender vehicles only.
This product includes a maintained lease services package which can help keep the vehicle in good condition. Maintenance services are performed by a licensed JLR dealership and must adhere to the prescribed service schedule.
When your agreement comes to an end you must return the vehicle to us, there is no ownership option.
Decide your annual mileage limit which must be a minimum of 15,000 km. The maximum limit is 30,000 km. If your circumstances change during your agreement, you may be able to amend your contracted mileage. If you exceed the agreed mileage, then an excess kilometre charge will apply.
BENEFITS
- Predictable costs: Fixed monthly payments make budgeting easier, with maintained lease services further consolidating running costs.
- No residual value risk: You avoid the risk of depreciation and the potential hassle of selling the vehicle at the end of the contract. Simply return the car to your local Land Rover retailer.
- Latest models: Personal Contract Hire allows you to drive the newest Defender with the latest technology and features.
- Flexibility: You can choose the contract length (12-36 months) and mileage to suit your needs.
IMPORTANT CONSIDERATIONS
- No ownership: You will not retain ownership of the vehicle at the end of the agreement, and the contract cannot be extended.
- Excess mileage charges: Please be aware that exceeding the agreed mileage limit will terminate the maintained lease services and will incur additional charges.
- Maintained lease services: The following lease services are included:
- Initial on road costs;
- Annual relicensing;
- Land Rover’s standard warranty, assistance and service plan;
- Warrant of Fitness inspection cost (if applicable); and
- Full set of replacement tyres after every 30,000km.
- We do not cover any: (1) mechanical, maintenance or servicing costs that are not covered by Land Rover’s standard warranty, assistance and service plan; or (2) other loss or damage to, or cost relating to, the Vehicle that is not specified above.
- Early termination: Early termination of the contract will incur applicable termination fees*
- Fair Wear and Tear: The vehicle must be returned in accordance with the 'Fair Wear and Tear' guidelines; charges may apply for any damage exceeding these standards.
- Comprehensive insurance: You are required to arrange comprehensive insurance prior to the delivery of your vehicle.
WHAT HAPPENS AT THE END OF PERSONAL CONTRACT HIRE TERM?
At the end of your agreement you must return the vehicle to us as there is no ownership option. If you have not exceeded your contracted mileage, have kept your vehicle in good condition in line with the Fair Wear and Tear guidelines and complied with the terms of your lease agreement, you will have nothing further to pay.
*You can terminate the agreement early providing you return the vehicle in good condition, in accordance with the Fair Wear and Tear guidelines, and pay the Early Termination Amount (equal to up to 3 months’ payment amounts) plus any other charges or fees as per the lease agreement.
Lending criteria, fees and charges apply.
2. BUSINESS LEASE
HOW IT WORKS
This agreement lets you drive the car you want, often without paying a lump sum to purchase.
This means your capital isn't tied up and fixed monthly repayments make budgeting easy.
BENEFITS
- Flexibility – Our flexible terms and repayment options, mean we can tailor a lease to suit your requirements.
- Unlimited kilometre allowance – There's no kilometre allowance. However, the expected kilometres travelled during the lease will be taken into account when calculating the expected price to minimise your residual risk.
- Easy Administration – With your payments made monthly by direct debit, there are no ongoing administration costs.
- Tax-deductible payments – In most cases, the lease payments are fully tax deductible
WHAT HAPPENS AT THE END OF THE LEASE?
The flexibility of our business lease product means you have the freedom to choose what happens at the end of the term. Ask your local retailer for more information.
Lending criteria, fees and charges apply.
3. OPERATING LEASE
HOW IT WORKS
This type of lease makes it easy to manage a number of vehicles. We can set up a credit limit based on your total fleet requirements, then you can order vehicles as you need them within that limit (subject to annual reviews).
BENEFITS
- No residual risk – At the end of the term you simply return the vehicle. We can replace it with another if you want to continue with a new operating lease.
- A fully maintained option – If you prefer, the costs of routine servicing, replacement tyres and re-licensing can be included in your regular repayments.
- Easy administration – With your payments made monthly by direct debit, there are no ongoing administration costs.
- Tax-deductible payments – In most cases, the lease payments for a New Zealand business under operating lease are fully tax deductible.
WHAT HAPPENS AT THE END OF THE LEASE?
At the end of the lease term, simply return your vehicle to the nearest accredited agent and we take care of the rest.
Lending criteria, fees and charges apply.
CONTACT
Please contact your local Land Rover retailer to discuss finance options that may best suit your circumstances or
contact Land Rover Financial Services on 0800 222 499 or info@landroverfinancialservices.co.nz
Land Rover Financial Services is provided by Heartland Bank Limited. Heartland Bank uses the Land Rover trademark under licence from Jaguar Land Rover Limited, who is the registered proprietor of the trademark.