15/09/2021 | Steve Lumley
One of the benefits of a personal contract hire deal means that when your car lease ends, you simply hand it back to the finance company.
They will send someone to collect it for free and they'll check it over for:
Before your agreement ends, the car leasing company will be in touch to discuss what your needs and options are and whether you want to take out a new car leasing deal.
At this point, they will arrange for the vehicle to be picked up at a place and time that will suit you.
This means that when you book the collection, you will need:
It's also possible to take out another car leasing deal to enjoy a brand-new vehicle and this will be delivered at the same time so there's no need to wait for a delivery.
When you return a leased car, these tips may help.
As mentioned, there are fair wear and tear guidelines that car leasing companies will abide by and the BVR publishes a copy of them
You should check the bodywork at least a month before your agreement ends and a collection will be due. This will give you the time to get minor damage such as scratches to the paintwork repaired and don't forget to check the alloy wheels for scuffing.
It's also crucial to check your lease deal car's interior and ensure that the equipment works properly, and that any special features that were added are still in the car. Also, check the upholstery for bad odours or stains. It's worth considering having your car professionally cleaned for peace of mind.
The car leasing company will remind you to remove all of your personal items from the leased vehicle because once it is taken away, it's unlikely that personal possessions will be returned.
Don't forget to organise your paperwork correctly so you have the original car leasing documents as well as its service history. You may also need a valid MOT certificate if you have leased the car for more than three years. Remember that you need to hand over all sets of keys too.
We touched upon this subject earlier in the article, but what happens when you damage a leased car?
A reputable car leasing company will abide by the fair wear and tear guidelines published by the British Vehicle Rental and Leasing Association (BVRLA).
These guidelines will be crucial when inspecting your vehicle and assessing whether the damage is serious enough to need the repairs to be paid for, or whether it is minor damage and will come under the fair wear and tear guidelines for leased cars.
But what is acceptable fair wear and tear? Here are some acceptable issues:
Unacceptable fair wear and tear issues will include:
It's also worth noting that if you are handed an end of car lease charge, that you can dispute this.
You'll need to raise issues with your car leasing firm and be prepared for an independent third party to examine your lease car.
However, the third party will make an assessment that is final and if it doesn't go your way, then you cannot appeal again.
When you agree to lease a car, you will have an agreed mileage limit per year.
Should you go over this mileage allowance when your agreement ends, then you will be handed an excess mileage charge.
This will be levied on a pence per mile basis and the amount being levied will vary between car leasing companies from just a few pence per mile, to substantially higher charges.
The reason why you will be handed an excess mileage charge is that the car leasing company will be looking to be compensated for the depreciation incurred by having those extra miles.
These miles will affect the car's residual value which is what your initial monthly payment was calculated on.
It's important to note that if you choose to have a 10,000 miles per year mileage limit, that the allowance spreads over the full length of your lease company’s agreement. So, if you have fewer than 30,000 miles when you hand the car back, then you will not be liable for an excess mileage charge.
For more help and advice when your car lease ends and it’s time for returning the car, you should speak with the team at Tilsun Leasing who will be happy to answer your questions on 03330 040 888.
Join our newsletter to receive our latest offers & news
Tilsun Leasing is a trading style of Tilsun Leasing Limited. Tilsun Leasing Limited is a credit broker not a lender.
Tilsun Leasing Limited is authorised and regulated by the Financial Conduct Authority. FRN: 670872.
All our calls are monitored for compliance and training purposes.
Registered address: Tilsun Leasing Limited, Verity Court, Pochin Way, Middlewich, Cheshire, CW10 0GW.
Company Registered in England and Wales No. 4393228 Data Protection No. Z7014603 VAT Reg No. 400 8929 64
Tilsun Leasing 2021. All Rights Reserved