Terms & Conditions - West End Leasing

Terms of Business 

West End Leasing is a trading style of West End Leasing Limited, a company registered in England and Wales (07562487) and is authorised and regulated by the Financial Conduct Authority (FCA). West End Leasing Limited FCA registration number is 674006. FCA authorisation can be checked on the FCA register at http://www.fsa.gov.uk/register/ 
 
West End Leasing (WEL) aims to provide a professional, friendly service, giving our customers a total package of funding covering all their asset finance requirements and to obtain the funding solutions that meet our customers needs. 
 
Use of Your Information 
 
You confirm that in applying for credit through WEL, you understand that we and various associated financial organisations may search the files of one or more credit reference agencies as part of your application process. 
 
In considering your application, searches of your records with Credit Reference Agencies will be made. WEL/they will add to your record, details of the search and your application and this will be seen by other organisations that make searches. WEL/they may use a credit scoring or other automated decision making system. 
 
Also added to your records may be details of any agreement arranged by WEL, the payments you make, any failure to keep to its terms and any attempt to avoid payment by moving address without notice. It is important that you give accurate information, as these records will be shared with other organisations that give the same information. 
 
Your records will be used by us and other organisations to: 
(i) help make decisions about credit and credit related services such as insurance for you and members of your household; 
(ii) trace debtors, to recover debt, to prevent money laundering and to manage your account - in the course of which we or they may need to make further searches of your records, details of which will also be added. 
(iii) check your identity to prevent money laundering, unless you furnish us with other satisfactory proofs 
 
Our associated financial organisation’s may also use your records with Credit Reference Agencies for statistical analysis about credit and share certain information for marketing purposes. This would be subject to the conditions of the Data Protection Act and if you do not wish these details to be used for marketing, you will advise this in writing. 
 
Details of those Credit Reference Agencies from whom information is obtained and with whom information is recorded about you may be obtained by contacting us. You have a legal right to these details. 
 
What we do 
 
WEL provides finance to you, the customer, by way of Hire Purchase, Leasing, Contract Hire or by way of alternative funding, for you to acquire assets (Equipment) such as Cars, Commercial Vehicles, Plant and Machinery. WEL will obtain the necessary information from you and will approach appropriate lenders from our approved panel to obtain a funding solution that, in our experience, matches and/or suits your requirements. WEL acts purely as an intermediary to facilitate your funding requirements. At no stage of the process do WEL act as, or purport to act as, an agent for either you, the customer, or on behalf of the finance companies with which we hold facilities. 
 
What we need from you 
 
(i) You will supply us with information we may reasonably request to enable us to source funding for you. 
(ii) Since any agreement we arrange will be based upon the information you supply us, you will always supply accurate information that will reflect your current and historical status. 
(iii) You will locate the equipment to be financed. You will test and inspect it and satisfy yourself that it is suitable for the purposes for which it is being purchased. You will select the supplier (Supplier) of your choosing and should address any problems with the equipment to the supplier in the first instance. Whilst we may assist you in the locating of equipment, you have ultimate responsibility to choose the equipment and ensure its suitability. 
 
How we are remunerated 
 
WEL receives its income by way of a commission from the lender and/or a fee from you. We will make every effort to obtain a competitive deal for you, however, it should be understood that underwriting restrictions might result in an alternative lender being used to obtain a deal suited to your requirement. Where WEL charges you a fee it will usually be equivalent to one monthly payment and WEL will issue you with an invoice for this amount no later than 14 days after the date of inception of the agreement. 
 
Your obligations  
 
You will notify WEL as soon as reasonably possible : 
 
(i) If you change your address and/or telephone numbers or any other contact details. 
(ii) If you change your bank details. 
(iii) If you have, or believe you will have, problems in making any payments on their due dates. 
(iv) If you have a problem with the equipment that the original supplier fails to correct within a reasonable time scale. 
(v) If you intend to settle, change and/or upgrade the equipment subject to an agreement arranged by us. 
 
Additional Services 
 
(i) If requested by you, WEL will provide a written quotation and immediately on documenting the transaction, we will detail, in writing, a breakdown of how the deal is structured. 
(ii) WEL reserves the right to levy a charge for additional services. These include, but are not limited to; supplying copies of agreements, remitting funds by telegraphic transfer, cheques that are not honoured upon first presentation and costs incurred in recovering arrears payments. 
(iii) If you have taken out a Finance Lease agreement and would like to gain title to the vehicle, WEL can obtain title from the relevant finance house and pass that title onto you for a nominal fee, not usually more than one rental. 
 
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