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FAQs & Glossary

Details and useful facts

We have constructed a wide ranging Help section and alphabetical Glossary to assist online by speedily finding information.

Vehicle Excise Duty (VED)

Vehicle Excise Duty is more commonly known as tax. It is essentially the road tax that must be paid annually to the Treasury for the use of the country’s road network. Please also see Road Fund License.

Voluntary Termination (VT)

Voluntary Termination or VT allows you the right to terminate the agreement (and return it to us) after 50% of the total amount payable has been paid on regulated agreements and 80% on unregulated. It is available on Solutions, Hire Purchase and Lease Purchase contracts.