Depending on which finance scheme you choose, when you have a lease car, you may have to give it back at the end of the contract, that’s how leasing works. Which means that, at some point during your contract, you will have to start looking for a new vehicle. But, when should you start looking for a new vehicle? In this article, we look at when you should start looking for a new vehicle, what lead times are and how long the process can take. We also look at what happens when your old car goes back, so you are fully prepared when the time comes.
One of the most important aspects of leasing a car is looking after it. When you first receive your car, you should be given a copy of the BVRLA Fair Wear and Tear Guide, if that be from your broker or the leasing company itself. The BVRLA Fair Wear and Tear Guide is the industry standard of which your car will be judged on when you return it to the finance house at the end of your agreement. But, what is ‘Fair Wear and Tear’? In this article, we are going to look at what counts as fair wear and tear, what happens if you incur charges and how to dispute them.
You might be approaching the end of your lease contract, or perhaps your just curious as to what happens when the time comes to hand the car back. What does happen at the end of a lease contract? We go through this a lot at OSV, and we want you to be informed about every step of your leasing journey, including the end of it. So, in this article we’re going to look at the process at the end of each contract. If you’re approaching the end of your contract hire, then one of two things will happen. It differs between finance houses, so we can’t say for sure which process your finance house has in place...
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