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- At the end of a car lease contract, you simply hand back the vehicle to the finance company who collect it for free. If the car is in good condition, you will not pay damage charges. You can then choose a new lease agreement on your next car or look elsewhere.
www.vanarama.com/guides/car-leasing-explained/what-happens-at-end-of-car-lease
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Are you coming to the end of your car lease, and wondering what the next step is? Although your car lease company should contact you a couple of months before the end of your lease, you are expected to know when your lease is due for renewal, and to arrange for the car to be picked up yourself.
- When Will The Car Be collected?
- How Do I Prepare For The Car to Be collected?
- What Happens When The Car Is collected?
- What Happens If I Have Damaged My Lease Car?
- Can I Contest Damage Charges?
- What If I Have Exceeded My Mileage Limit?
- Can I Extend My Lease?
- Can I Return My Lease Car early?
- What Happens If I Return My Lease Car Late?
- What If I Want to Lease Another Car from The Same Company?
Most leasing companieswill contact you before the expiry date to arrange collection. But do not take for granted that yours will. If the date is looming and you have not been contacted, get in touch with the company yourself – some expect you to do so anyway. It always pays to keep a record of exactly when your lease car was delivered. You can easi...
Your leasing company should tell you what you need to do before the car is collected. As a rule of thumb, you should: 1. Gather together all the paperwork for the car, including the V5C registration document, servicing/repair invoices, handbooks and service books 2. Find the spare keys 3. Refit any items you have removed from the car as such the lu...
At the appointed time, a driver will arrive to collect the car. They will check all the paperwork is in order, that nothing is missing from the car and that the mileage is within the limit. They will then inspect the car for any damage and undue wear in detail. There will inevitably be some paperwork to fill out. Any issues should be dealt with the...
You should inform both the leasing company and your insurer immediately. When taking out the policy you should inform your insurer that the car is leased, and which company has provided it. The company will likely have preferred body shops and will co-ordinate with your insurer to have the car repaired by one of them. When the car is collected at t...
Yes. If you believe that any damage found constitutes reasonable wear and tear, you are being charged for damage that did not exist when the car was collected, and/or that the penalty charges are excessive, you should take the matter up with the leasing company. If they do not or refuse to resolve the matter to your satisfaction, you should contact...
A mileage limit is simply the maximum amount of distance that you and the leasing company have agreed on at the commencement of your lease. The higher the limit is the more you pay monthly. Exceed the limit and you will incur penalty charges. Depending on the leasing company, it could be a few pence per mile, or as much as a whole pound. Going a lo...
It depends on the leasing company. Some will let you extend the lease (you will probably incur a charge for doing so), while some do not allow it at all. Contact the company to find out.
Yes. However, you will have to settle any outstanding finance and termination fees for doing so. The exact amount will depend on how much you’ve paid off and what your early return agreement is with the leasing company. The method in which you have leased your vehicle (Personal contract purchase (PCP), Hire purchase (HP) or Personal contract hire (...
You will be charged an additional fee for a late return. The amount will depend on your specific leasing agreement and how long you have kept the car for beyond its original collection date. The best way to avoid missing the return date is to set a reminder as soon as you collect the car at the beginning of the lease. Your leasing company should al...
Then do so. Every company loves a returning customer and leasing companies are no different. If you arrange the new lease before the current one expires, any company worth its salt should be able to have the person collecting your current car arrive with the new car. If in doubt – assume nothing. If you unsure about anything regarding when and how ...
May 20, 2023 · Here's everything you need to know about returning your car at the end of a leasing contract, including how to organise collection and what to expect during the handover
- Steve Huntingford
Once your car lease contract has expired and the car has been collected, you may be required to pay charges depending on the state of the vehicle. The most common charges include excess mileage and wear and tear not covered by the BVRLA guidelines, but other charges can occur.
- Auto Trader
What happens at the end of a car lease? As long as you haven’t exceeded the agreed mileage cap in your contract and the car isn’t damaged, you can simply return your leased vehicle. Afterwards, you can take out a new deal on a different model, or look elsewhere and walk away.
How do I return my lease car at the end of the contract? It's a good idea to organise the collection early and with plenty of detail - you may be able to do this when the leasing company...
If you’re nearing the end of your current new car lease deal, chances are you’ll have lots of questions about returning your vehicle, from arranging collection to excess mileage and damage charges.
