Changing the way people buy cars
We set out to offer something different from the rest of the industry. Here’s how we do it.
Simpler
Your Relationship Manager will do the market trawling, so you don’t have to.
Faster
One point of contact means no need to explain things twice or wait to be passed around a call centre.
More personal
A dedicated team you’ll know by name, offering support from initial enquiry to end-of-lease requirements.
Cut through the noise
The automotive world is packed with terms and acronyms that can feel overwhelming for those not involved in the industry. At P+B, we believe in transparency. This guide is here to decode the jargon of vehicle leasing, putting you in the driver’s seat when making choices.
Fair Wear and Tear
Fair wear and tear refers to the condition of a car at the end of its finance agreement. If an individual has financed a car over 3 years whether that be contract hire or personal contract purchase, on return it does not need to be in ‘showroom’ condition, but must fall within the fair wear and tear guidelines.
P11D Value
This is the vehicle value needed for tax purposes with company vehicles. The P11D value takes into account the cost of the vehicle including any additional accessories, the first registration fee, first 12 monthly road fund licence, any delivery charges and VAT.
Road Fund License (RFL)
This can also be referred to as car tax of vehicle excise duty. The registered keeper of the vehicle is responsible for paying this. In a Personal contract hire and a business contract hire the funder is the registered keeper of the vehicle so they pay the road tax which is included in your monthly rental cost.
Switch to electric and start saving
With the 2030 ban on new petrol and diesel cars fast approaching, electric vehicles have emerged as the future of transport. Discover why going electric makes both financial and environmental sense.
Lower running costs
Charging at home can be up to 70% cheaper than fuelling an Internal Combustion Engine (ICE) vehicle.
Environmental impact
The CO2e output of an EV is less than a third of a petrol car.
Tax benefits
Substantial tax savings approved and supported by HMRC for business owners or EV Salary Sacrifice drivers.
Growing Infrastructure
Nearly 100,000 public EV chargepoints across the UK and growing daily
Case Studies
Learn more about the community we’ve built at P+B, and how we’ve done it.
Our blog
View All Post24 FEB 2026
Has The MG4 Lost its Crown as ‘The’ Affordable EV? For several years, the MG4 EV rightly earned a reputation as the go-to answer when someone asked, “What’s the most affordable electric car I can get?” It arrived with compelling range figures and prices that undercut almost everything else in its class. On paper, it looked like a breakthrough, a car that opened the door […]19 FEB 2026
Our Quick Guide to Underwriting for EV Salary Sacrifice As part of the process of ensuring we maximise the best possible savings on electric vehicles (EVs) for both you and your team, we will be contacting our key finance company partners, putting in place credit lines to ensure the ordering process is as smooth as possible for you. What details do we require? Bank […]18 FEB 2026
Is There a Right Time of The Year to Lease Your Next Vehicle? If you have ever asked yourself whether you should wait for a better deal before leasing your next vehicle, you are not alone. Seasonality in the UK leasing market is very real. However, it’s often misunderstood. Busting the ‘bad time’ myth We have been guiding professionals and businesses through the leasing market for over 12 […]