Consumer Credit Act 1974: Primary legislation governing consumer credit agreements and vehicle leasing to private individuals
Supply of Goods and Services Act 1982: Legislation covering the basic requirements for supply of goods and services, including vehicle leases
Consumer Rights Act 2015: Modern legislation providing consumer protection and defining rights in relation to goods and services
Financial Services and Markets Act 2000: Regulatory framework for financial services activities including vehicle financing
Road Traffic Act 1988: Legislation governing road safety and vehicle usage requirements
FCA Regulations: Financial Conduct Authority regulations specific to vehicle leasing and financial products
GDPR and Data Protection Act 2018: Regulations governing the handling and protection of personal data in lease agreements
Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers from unfair commercial practices in trading
Consumer Contracts Regulations 2013: Regulations covering information requirements, cancellation rights, and additional charges in consumer contracts
Party Identification: Legal requirement to clearly identify all parties involved in the lease agreement
Vehicle Specifications: Legal requirement to provide detailed and accurate description of the vehicle being leased
Lease Terms: Essential contractual elements including duration, payments, and conditions of the intended lease
Financial Terms: Clear specification of all financial obligations, payment schedules, and charges
Insurance Requirements: Mandatory insurance provisions and responsibilities under English law
Maintenance Responsibilities: Clear allocation of vehicle maintenance and repair obligations
Privacy Notice: Required information about how personal data will be handled and protected
Cooling-off Period: Statutory cooling-off period rights and cancellation terms where applicable
LOI Duration: Specific timeframe for which the Letter of Intent remains valid
Non-binding Nature: Clear statement regarding the non-binding nature of the Letter of Intent
