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At the end of the leasing period, the vehicle is simply returned, checked over and payments cease, leaving you free to lease another car.
In the lead-up to the end of your lease, we recommend you take the following steps to ensure that your vehicle is in excellent condition for when it is returned to your finance company.
Re-read the BVRLA’s Fair Wear and Tear Guidelines along with those of your finance company and give yourself enough time to act on and repair anything that requires attention.
Gather together any necessary documentation required for hand-back, these could include:
- All sets of keys
- The service book
- A copy of the MOT record (if applicable)
- The operation manual
The assessor will note the condition of the car and the mileage and you will be asked to sign a returns form and a copy will be given to you to keep.
You may be liable to pay some degree of fine if there is damage beyond what is considered reasonable so it is worth investing time and due care in the maintenance of your leased vehicle. Similarly, should you drive over the agreed mileage limit an excess mileage fee (charged per mile) will be charged as outlined in your agreement.
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