Contract Hire & Leasing Information

Leasing Jargon Explained

CarMyke Leasing explain all the leasing jargon for you.

Please click on one of the sections below to begin.

APR
Balloon Payment
Benefit In Kind (BIK)
CO2
Depreciation
Disallowable / Allowable VAT
Early Termination
Effective Rental
Excess Mileage
GAP
Guaranteed Future Value
Imported Vehicles
Initial Payment / Rental
Off Balance Sheet
OTR
P11D Value
Payment Profiles
RFL
VAT Qualifying Vehicle