I think we're all missing something important...
This "deal" from concept2o - the way I understand it you don't own the system at the end of the 3 years. You hand it back and take out another 3 year agreement.So basically your paying £12,000 odd to rent a system for 3 years, without a van.
Bargain! (Not)
That's right. What they haven't stated is what the next rental is all about. In other words, you are asked for a deposit of £3900 + VAT this time to get your installation started, so I expect they have a fitting charge included in those figures.
I would imagine that the unit would be handed back, but is that used as the deposit (initial payment) against the next unit or will this be a new rental with a new deposit. That will be hidden in the small print.
Renting isn't all bad; its just that some have a problem with not owning what they are perceived to be paying for. But if you buy a car on hp, the car may be registered in your name, but the finance house still owns it until you have made the final payment. Once you have made the final payment, you are now the proud owner of a used depreciated car. Usually at this point the owners find some reason to trade the car in and start the process again on another vehicle. If you do this, then it doesn't make a difference whether you rented or bought.
If you bought and the values of second hand cars fell like it did 12 years ago, then you would carry the risk of the lower value at the end of the term. With a rented car, the finance houses had to suffer that lower value.
Handing the system back isn't as easy as handing a car back. Someone has to remove it, so I'm sure there is a lot more to this agreement than meets the eye.
If Concept is carrying the leasing risk (no credit checks) then they need to have some 'guarantee' that this system is protected. What would be the insurance requirements should the van it's in be involved in an accident? If you change your van 2 years into the rental agreement, who fits this system into your new van and at what cost?
There must be other senarios that could happen that they will never discuss with you as it would probably jeopardise their sale.