Vehicle Leasing Is A Financial Agreement
Just like a bank loan taking out a vehicle lease contract is a financial agreement and bound by the rules of that financial agreement and by the FSA (financial services authority). The brokers or dealers within this network will either be an agent on behalf of a larger financial organisation or will have the required membership to offer vehicle finance themselves.
Some brokers are in fact a franchise of a larger organisation that has access to many different financial options to lease a vehicle; you have the right to ask what their qualifications are in respect to offering finance, in most cases however the vehicle finance will be offered by a third party rather than the leasing broker or dealer.
The job of the broker or dealer is to try and help find the best finance that is available for your vehicle and will present your application on your behalf. The decision to accept your application will be down to the finance house and you will have the same legal rights as if you had applied yourself for credit.
You should not underestimate your obligation when taking out a leasing contract and ask for advice from the broker as not all vehicle lease is the same, as some agreements must be completed in full and others have legal clause that may allow the contract to end earlier, if certain criteria is fulfilled.
The Money made clear website from the FSA, gives good advice on buying a car
