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nationwidevehiclecontracts.co.uk
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Definitions (17)
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Annual mileage
When leasing a car or van, the deal is partially calculated on the basis of how many miles the driver intends to travel yearly. Annual mileage is a reliable indicator of the likely condition and there [..]
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Car leasing
Car leasing (or van leasing) is an umbrella term for a number of agreements of a contractual and periodic nature. Broadly, in these agreements the person operating the car doesn’t own it, but they obt [..]
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CO2 Emissions
While it’s important to care about what effect we may be having on the environment, in an automotive context, CO2 emissions are important as – along with petrol type – they determine your tax rate. Lo [..]
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CO2 emissions
While it’s important to care about what effect we may be having on the environment, in an automotive context, CO2 emissions are important as – along with petrol type – they determine your tax rate. Lo [..]
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Contract hire
In a contract hire agreement, Nationwide Vehicle Contracts provides a vehicle for a determined period of time (contract term) and with an upper limit of how far they can travel (annual mileage). The c [..]
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Contract Purchase
This is an agreement where the user pays a monthly cost and initial deposit, with the option of returning, purchasing or trading in the vehicle at the end of the contract. The value of the car is set [..]
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contract term
Like annual mileage, the length of your contract determines the size of your monthly payments. Available terms are typically 24, 36 and 48 months.
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EURO NCAP
The European New Car Assessment Programme is a commonly cited car safety assessment programme backed by the UK and other countries within the European Union. Assessment is not mandatory, though a high [..]
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Finance lease
A form of vehicle leasing contract frequently offered to limited companies, smaller businesses and sole traders. Compared to contract hire agreements, finance leases offer a 100% tax deduction to qual [..]
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Fuel consumption
Nationwide Vehicle Contracts provides data on the number of miles you can expect to get to the gallon. Obviously, petrol is not provided within the leasing (or purchasing) price, so this is an importa [..]
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