Short, Simple, Clear Car Leasing
The answer is simple, you just return the car back to us.
There’s no option to buy the car with a PCH or BCH agreement, so the lease car is handed back when your lease term comes to an end.
Before the car is collected from you it will have to be inspected to make sure that it meets the agreed return condition.
The condition of the vehicle and the mileage are the two main things the inspector will be looking at.
At the start of your lease you will have chosen an agreed annual mileage allowance that best suited how many miles you expected to cover in your lease car per year and keeping to that allowance is always a good idea.
The higher the mileage allowance you chose, the more your fixed monthly payments are. This is because the car will be covering more miles and therefore this will lower its residual value once your contract comes to an end.
If you exceed your mileage allowance you will be charged a few pence for each mile you go over but this will all have been explained to you at the start of your contract.
For example, if you happen to go 2,000 miles over your total allowance and the charge is 5p per mile, you will be charged £100 which is payable at the end of your contract.
As for the condition of the car, an inspection will be made to look for any damage that might not be covered under the BVRLA Fair Wear & Tear guide. It’s always advisable that customer’s carry out a thorough inspection of their lease car themselves before the inspection is due so that any damage or missing items can be rectified by yourself in advance or extra costs could be incurred.
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