1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152 
Leylands on Lease
Page 53
If you've noticed an error in this article please click here to report it so we can fix it.
A VEHICLE-LEASING scheme has .CIL been introduced by Leyland Motors Ltd. and is to be operated for Leyland and its U.K. distributors by the United Dominions Trust. Vehicles will be leased for a minimum period of three years, there is no cash deposit apart from the first monthly payment when the vehicle is delivered, and part-exchange credit can be given.
Specimen monthly rentals per £1,000 cost of a vehicle are: £31 2s. 3d. on a three-year agreement, £24 3s. 4d. for four
year and £20 for five-year agreements. The vehicles can be registered in the operator's name, who is also responsible for their maintenance and insurance. At the end of the lease the hirer has to return the vehicles to the U.D.T., which will sell them and refund the proceeds to the hirer, after deducting expenses and selling commission. If a customer wishes to lease for more than five years, U.D.T. will extend the lease at nominal annual rentals of between £15 and £25.