I am looking at setting up my own business and looking at pickups. As you are probably aware builders vans get knocked and scraped. Will there be a fee to pay at the end of the lease for damages?
Our expert Rob answered...
Hello Karl, thanks for your question. Leasing a pickup is a great choice, there are a number of different types of contracts to choose but our most popular is Contract Hire and Finance Lease. Contract Hire you can pay a low deposit typically equivalent to 3 monthly rentals, there is a choice of contract period from 24 to 60 months, you also have the option to add servicing and maintenance, taking away all the hassle of running a vehicle. This will give you Fixed cost motoring for the term of the agreement. As we make all our customers aware If you go over the agreed mileage allowance, excess mileage will be charged for each mile over that is stated in the contract. You must look after the vehicles and return in a well-maintained condition, if not you will be charged for any damage over and above as stated in the 'Fair Wear and Tear Guide' when you hand the vehicle back to the lease company.
A finance lease is similar except no strict mileage or damage penalties apply (please note that excess mileage and damage to the vehicle will affect its value at the end of your contract) Monthly rentals can be lowered further through the introduction of a final rental at the end of the contract. This can be set at a value equivalent to a forecasted residual value or reduced in line with anticipated wear and tear on the used value, along with the annual mileage agreed at the beginning of the contract. If you would like to discuss any of these options further, please feel free to call one of our specialists on 01442 835764. Kind regards, Rob Cox.