Glossary

Financial terms explained

Click here to Apply Now

Click to view the explanation of each term

V

  • VAT Qualifying Car

    A vehicle must be classed as a VAT qualifying car if it is to be used in a Finance Lease or Contract Hire purposes. Private cars cannot be VAT qualifying whereas if the car is new and unregistered it is always a VAT qualifying car.

16.9% APR Typical Variable Netcars expects 66% of it's customers to qualify for this rate or better. The rate you get will depend on your circumstances.
Netcars is authorised and regulated by the financial services authority.