When should I arrange the return of my current vehicle? When should I start looking for my next vehicle?
The question is, when do you start this process?
We always recommend the sooner the better. Modern life is busy, and leaving it until the last minute can cause undue stress and panic, but how early you start the process really depends on you and the vehicle that you want.
So in this article, we look at when to arrange the return of your current vehicle, and when you should start looking for your next vehicle.JTNDY2VudGVyJTNFJTNDaWZyYW1lJTIwd2lkdGglM0QlMjI1NjAlMjIlMjBoZWlnaHQlM0QlMjIzMTUlMjIlMjBzcmMlM0QlMjJodHRwcyUzQSUyRiUyRnd3dy55b3V0dWJlLmNvbSUyRmVtYmVkJTJGd0RqdHVCM3RyenclMjIlMjBmcmFtZWJvcmRlciUzRCUyMjAlMjIlMjBhbGxvdyUzRCUyMmF1dG9wbGF5JTNCJTIwZW5jcnlwdGVkLW1lZGlhJTIyJTIwYWxsb3dmdWxsc2NyZWVuJTNFJTNDJTJGaWZyYW1lJTNFJTNDJTJGY2VudGVyJTNF
When should I arrange the return of my current vehicle?
You will have to arrange for the return of the vehicle by the end date of the vehicle contract.
Either you will have to ring the finance house and arrange the collection or they will contact you. However, you should check this a few months before your contract is due to end, save for any last minute confusion.
We recommend that you arrange a date for your vehicle to be returned at least a month before that date. This will give you plenty of time to ensure that your vehicle is prepared for return.
What should I do to prepare for my vehicle to be returned?
If you are in doubt as to whether something needs repairing, we advise you contact the finance house. They will tell you whether you should get it fixed or not.[vc_single_image image=”44372″ img_size=”article-image”]We also recommend that you take photos of the vehicle the day before it is due to be returned, with time stamps on those photos. This is in case you are charged for damage and you want to dispute it.
What happens if I get charged for damage?
If your vehicle is returned and you do get fined for damage, then you will have to pay for it. You will get sent an invoice shortly after your vehicle has been returned.
When should I start looking for my new vehicle?
You will have to start looking for your new vehicle before you arrange the return of your current one. However, how long before depends again on what you want and your individual situation.
If you are looking at a factory order, then you will want to plan ahead. A factory order vehicle is one that is built from scratch when you put your order in. This means you have full control over the colour, the interior and the specification. However, it does mean that it will take longer than if you were to get a stock car. A stock car is one that is already in stock and ready to be delivered.[vc_single_image image=”44832″ img_size=”article-image”]If you are going to get a factory order vehicle, then we advise you put in an order three months before you need the vehicle. This will leave enough time for the production process and leave some room for any potential delays.However, it takes roughly three months for us to decide which vehicle we want. So we advise you start looking at a new vehicle six months before you need your new one. You can use the first three months to do some research. This could be reading reviews, watching video reviews, talking to friends and family or looking on car forums.
By the time it comes to order your vehicle, you will hopefully know exactly which vehicle you want.
So for a factory order, we recommend six months. Three for research, three to give time for the vehicle to be built and delivered to your door.
If you are looking for a stock car, then you can wait a little longer before looking for a new vehicle. This is because the vehicle has already been built and is in stock ready for delivery. However, you still have to give some time for ordering and arranging the delivery, as well as going through the documents process. We recommend giving it around six weeks before you need your vehicle. This will give some time for any delays and will avoid you getting stressed about running out of time. You will also have to give some time for research, so anything between three months and six weeks to get a stock car.
What is a lead time? Why is it important?
A lead time is, by definition, the time between ‘the initiation and completion of a production process’.
In the context of car leasing, it is the time between placing your order and your vehicle arriving at your door. The lead time for a vehicle varies on a number of things, and it can either be a short lead time or a long lead time. Either way, your vehicle broker should be able to tell you the estimated lead time when you are looking at vehicles.
Some of the things that impact lead time, including;
- If the vehicle is in high demand then there could be a waiting list which will impact lead time
- The time of year
- If the manufacturer is developing another model or another model is getting a face-lift then this may put an additional lead time on the model
- Order cycles
- If you have ordered a vehicle that is not yet on the forecourts, this will lengthen the lead time.
[vc_single_image image=”57881″ img_size=”article-image”]Lead times are only an estimate, but they are a good estimate. Sometimes it will take longer but sometimes it will also be sooner. However, as we said, your vehicle broker should be able to give you an estimate of the lead time and should also keep you updated if this changes.