Here’s “Part II” to our quick guide to make sure you get the best leasing deal possible.
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6. What does the maintenance contract include?
Standard maintenance contracts should cover all scheduled servicing, all remedial maintenance work, unlimited tyres, batteries and exhaust systems (Including catalytic converters) accidental. Impact damage is not normally included.
7. What is excess mileage charge?
This is the amount charged per mile for any mileage travelled in excess of the original contract. Again, this amount can vary so always ask what it is. Also some companies operate a two tier policy, for example 6 pence for the first 5,000 miles and 12 pence thereafter.
8. What happens if the car is damaged at the end of the contract?
Vehicles are expected to be returned in a condition commensurate with their age and mileage. A good guide is when a company states they work within BVRLA (British Vehicle Rental & Leasing association) guidelines (ask for a copy). You may also find that some companies have a small refurbishment allowance of up to £150 per vehicle.
9. Do I really need those cost options?
Having a car with Sat Nav, Sunroof, Leather Upholstery etc is great, but don’t forget the finance company won’t increase the residual value of the car – so you will pay for the total cost of these options over the contract period.
10. Who are you dealing with?
Don’t be afraid to ask about the company you are about to part your cash with, what is the company background, how long have they been trading for etc.
The internet is a powerful tool, so use it. Google the name of the company and see what people have been saying about them.
These Top 10 Leasing Tips are the view of Stable Vehicle Contracts LLP and are only for guidance purposes. Stable Vehicle Contracts LLP will not accept any liability implied or otherwise.