Car Lease Query.....something doesn't feel right....

richardvc

I currently lease a car and that is due to expire in April.
I have sourced a car that can be delivered at the end of March and after asking I was told that the only upfront pre delivery payment required is a "doc fee" of £360 to the leasing company. This is normal for leasing a car and what I did on my last lease.
As I was about to "online" sign the finance (Nissan Finance) documents, the supplying dealer has asked to pay my three months upfront rental today BEFORE they will arrange delivery.
They will NOT accept this payment by credit card (which gives me protection) and have told me it must be by bank transfer.
With my current lease, this three month rental payment was taken about 14 days after delivery.
Something doesn't sit right with me but I maybe fretting about something that actually is the norm.
In a nutshell, what I am concerned about is if these companies go bust, I would have paid nearly £1100 and have no protection.
Any advice would be welcome.

Sandtree

Assuming you've signed the agreement with Nissan Finance then you have the S75 protection with them that you'd have with a credit card payment. Presumably the initial payment is to be paid to the finance company?

Its probably most common that the initial payment is taken after delivery but it isnt universally true and some finance companies do want it before. 

neilmcl

Sandtree said:

Assuming you've signed the agreement with Nissan Finance then you have the S75 protection with them that you'd have with a credit card payment. Presumably the initial payment is to be paid to the finance company?

Its probably most common that the initial payment is taken after delivery but it isnt universally true and some finance companies do want it before. 

I'm pretty sure S75 doesn't apply to contract hire.

flashg67

neilmcl said:

Sandtree said:

Assuming you've signed the agreement with Nissan Finance then you have the S75 protection with them that you'd have with a credit card payment. Presumably the initial payment is to be paid to the finance company?

Its probably most common that the initial payment is taken after delivery but it isnt universally true and some finance companies do want it before. 

I'm pretty sure S75 doesn't apply to contract hire.

May depend whether this is a personal or business lease?
My Ford PCH was 3 payments paid after delivery FWIW.

richardvc

Sandtree said:

Assuming you've signed the agreement with Nissan Finance then you have the S75 protection with them that you'd have with a credit card payment. Presumably the initial payment is to be paid to the finance company?

Its probably most common that the initial payment is taken after delivery but it isnt universally true and some finance companies do want it before. 

No the payment is to the dealer themselves and no I haven't yet signed the finance agreement