We’re Applied Leasing Limited, a company registered in England and Wales, with company registration number 02473288 and our registered office and trading address is at Suite 2.08, Grosvenor House, Central Park, Telford, Shropshire, TF2 9TW. You can contact us by writing to us at our trading address above, by calling us on 01952 403 636 or by emailing info@appliedleasing.co.uk
We are a Credit Broker. We are not a Funder or a Lender.
Charges for our services
We make a charge to you for the services that we provide:
New Orders
Administration Fee
We charge an administration fee of either
a) £360 including vat (£300 plus vat) for sourcing your vehicle, which will be the subject of a finance agreement with a finance company from our select panel of funders and keeping you updated about your order through to delivery. It also covers the cost to support you and assist with any queries throughout the term of your agreement;
or
b) up to £1,176 including vat (£980 plus vat) for introducing you to the Manufacturer’s finance company which may be through the Manufacturer’s main dealership.
We will confirm the exact amount of this fee on your quotation.
We raise an invoice for our administration fee when you place your vehicle order.
Processing Fee
On some occasions we may be asked to help with things which aren’t part of our core service such as arranging the disposal of a vehicle or the sourcing a vehicle for outright purchase. In these instances, we will make a processing charge to cover the work that we undertake. This will vary but we will provide the amount that we will charge at the outset.
Holding Deposit – Business Customers only
For our business customers entering into non-regulated agreements, we’ll ask you for a holding deposit of £250 at the point of order to secure the vehicle. We’ll hold this in a separate customer holding account and provided the order progresses through to delivery, the holding deposit will be returned to the customer either within 21 days of delivery of the vehicle or when the finance company has confirmed that the agreement has been ‘set live’ (being after delivery and the finance company has received all the documents that it requires for the agreement to be activated on their system), whichever occurs soonest. If the order is cancelled, the holding deposit will be used as part payment towards the cancellation fee.
Order Cancellation
We hope that you won’t have to cancel your order but if you do, we make a charge of £600 including vat (£500 plus vat) which covers the work that we’ve done for you from the point of your initial enquiry. We won’t make a charge if you’re a consumer and you cancel your order with us within 14 days from the order date but if you cancel afterwards, you’ll be liable for the cancellation fee. We reserve the right to contra any payment that you have made in respect of an administration fee to our cancellation fee. Please note that the supplying dealer of the vehicle or the finance company may also levy a cancellation charge, and we’ll let you know what this is as soon as we can and within 5 working days of your cancellation. Cancellations must be requested in writing.
Contract Extension
If you want to extend your contract and its allowed and approved by the funder our Principal Firm, Jurni Limited makes a charge of £249 including vat (£207.50 plus vat) for undertaking the work to arrange this for you.
Transfer of Agreement
If you want to transfer your agreement to another party and it is allowed by the funder, our Principal Firm, Jurni Limited makes the following charges.
Transfer Application Fee
Our fee is £300 including vat (£250 plus vat) and covers the cost of obtaining the required information from both parties and submitting it to the funder for consideration. It is payable at the point of application and irrespective of the funder’s decision.
Transfer Completion Fee
This fee of £300 including vat (£250 plus vat) covers the cost of arranging the documentation and consulting with both parties after the transfer has been approved until completion.
Invoices for charges must be paid in full within 7 days except for invoices for new orders which must be paid within 7 days or 3 days before delivery of the vehicle, whichever is sooner.
Please speak to us if you are unsure about the contents of this Information Notice.