LEASING A CAR WITH NO CREDIT CHECK CAR LEASING WITHOUT CREDIT CHECK PCH PCP NO CREDIT SEARCH NO INVESTIGATION
Car leasing without investigation is defined by a long-term rental agreement consisting for a car but without the lessor or a leasing broker carrying out investigations on the lessee or checking credit history from a credit reporting institution.
Car leasing without investigation is a new form of financial leasing which does not require in-depth verification by the lessor of the lessee so that he can quickly access his vehicle without disclosing his or her credit history.
Car leasing without investigation is similar to a short-term car rental or when a vehicle is rented and no credit or bank investigation is done other than the requirement to deposit a small deposit.
Car leasing without credit check offers two leasing options: PCP without investigation (Personal contract purchase) and PCH (Personal contract hire) without investigation; it should be noted that PCH is more offered without any credit search than PCP since the latter option is closer to vehicle financing and therefore at risk to be further investigated.
Car leasing without investigation is granted to the lessee, whether PCH or PCP without extensive research of the financial situation of the leasing applicant or the banking reference requirement.
Car leasing without credit check is done on the basis of a simple principle and advantage that the lessor remains owner of the leased vehicle and remains his property until the end of the financial lease or the car will be returned or purchased in the PCP case.