FREQUENTLY ASKED QUESTIONS
Q. What can I do if my circumstances change and my mileage requirements increase due to me moving house or accepting a new job?
A. In this case we would suggest that you contact the finance company direct and ask to negotiate a new price for an increased mileage.
Q. The deals on the website show prices on mileages of 10,000mpa. When I increase the mileage the price goes up, why is this?
A. In the same way as when you buy a car and then sell it in the future: the lower the mileage the better the resale price. This is the same for leasing: when the car is returned at the end of the lease, the residual value will have dropped if the car has a higher mileage, therefore this is offset at the beginning of the lease.
Q. What happens if I cannot afford the payments in the future?
A. In this instance we recommend you contact the finance company immediately, do not leave it and miss payments as this will be detrimental to your credit. Most finance companies have departments that will help you chose the correct option to end your lease or to arrange a repayment plan.
Q. If I no longer wish to lease the car, how can I hand it back?
A. Most finance companies will allow you to return the car but you may need to pay a cancellation fee which will be a proportion of the remaining rentals – this figure will be listed on the paperwork from the outset.
Q. I want to get a new car but I still have time left on my agreement, what can I do?
A. There will be a cancellation fee which can be supplied from your existing funder.
We hope this guide has been informative and we highly recommend leasing as a cost effective way to drive a better quality car with a lower monthly cost, this also provides the hassle free ownership of not having to sell at the end of the lease.
If you have any further questions please don’t hesitate to contact one of our experienced team
Leasing is not for you if:
1 You want to put a large deposit down and pay a monthly payment for a fixed term to then own the car at the end of the agreement and have a period of cost free motoring.
2 You do over 40000 miles per year diesel, or 33000 miles per year petrol as leasing companies will limit the contract mileage to these parameters.
If either of these apply to you we recommend a purchase on finance either from a main dealer or agreeing a personal finance deal with a bank or building society.
