Hi there, I have leased a Citroen Dispatch van from you for three year period which is now just over a year into its term. What are my options, if any, if I wished to end the lease-term early and lease a smaller van from you, for example, a Berlingo? Best regards, Robert
Our expert Mike answered...
Hi Robert, thanks for getting in touch. Depending on the type of contract you have will determine what your options will be. For example if you are currently on a Contract Hire agreement there will be an early termination fee if you wish to come out of the agreement early. If you are on a finance lease agreement then there will be an amount outstanding on the agreement which will need to be settled and with this type of agreement you have the option to either sell the vehicle to a 3rd party or you can part exchange the vehicle with us. If you would like to discuss this in further detail, please feel free to contact your original account manager or any of our specialist direct on 01442 838193 so we can discuss the options in greater detail. Alternatively you can drop me an email with your contact details and I’ll make sure one of my team give you a call. Kind regards, Mike.