Premier Cars undertakes an agreement with the owner and the buyer, the buyer will be paying via debit order to Premier Cars and Premier Cars will be paying the owner also via Debit order. The owner will send monthly statements to Premier Cars to confirm the payment was made either to a third party or the person(s) specified on the lease agreement.
In case of non payment by the buyer, the car will be repossessed by Premier Cars and resold to another potential buyer. Premier Cars will continue paying for the vehicle until sold. All potential buyers are pre-approved by Premier Cars.
The Insurance can either be kept on the owners name or can be transferred to our business insurance. The buyer will pay for the monthly Lease or Payment together with the insurance premium. In case of an accident the claim will be handled by the insured party, but the exes’ fee will be paid by the Lessee. In a case where the car is written off the car will be settled by the insurance company to the third part or the person specified on the lease agreement.
We currently have a 97% success rate with buyers, 32% higher than other financial institutions.