Obtaining Insurance For Your New Lease Vehicle

The registration number is not recognised?

Unless your vehicle is a special pre-registered offer, most vehicles are registered the day of, or the day prior to delivery, this means that you will not be able to find it on insurance comparison sites. Instead, you will need to find the vehicle using the make and model, which can be found on the vehicle order form that you signed at the start of the process or your finance documents. Once your vehicle is delivered and the insurance goes live, the company will then be able to find the registration number and activate the policy.

Who is the registered owner and keeper?

This will be the funder who is providing the vehicle finance, you can find their name on your finance contracts.

Does it need to be insured fully comprehensively?

Yes, all contract hire vehicles must have a fully comprehensive policy.

Can you recommend someone?

We recommend GRP Retail Ltd, they can be contacted on 01782 566777. Ask for Thomas Flowers and let them know that Central Contracts have recommended you.

Does my vehicle have a tracker or immobiliser?

Most new vehicles will have an immobiliser however they will not have a tracker unless you have specifically ordered this, the exception is vehicles that are high value, this tends to be £70,000 and upwards and may be required by the finance company, you should already be aware of this if that is the case.

My insurance company requires me to fit a tracker?

That is fine, you can arrange this yourself if you have not already ordered it with the vehicle, just remember, that it’ll need to be removed prior to returning the vehicle.

What is the P11D or full retail value?

You can obtain the P11D value by contacting us, most of our team will be able to locate this for you. The P11D value is not the retail / purchase value. We do not obtain a retail vehicle as the vehicle is not being purchased however you can get this figure by using the manufacturers websites.

What is the brake horsepower?

Currently you will need to contact us for this information.

What is the year of manufacturer?

Most vehicles are built in the year that they are delivered, this could differ for pre-registered vehicles and special offers.

Do I have to be named on the policy?

In most cases the name on the contract must match the main name on the insurance policy. You can usually have additional drivers named however please speak with our administration team should you not want to be the main policy holder.