There are no limitations as to what you can carry, however, depending on which type of contract you decide on may determine the condition that the vehicle would be expected to be in at the end of your contract. Some options to consider when leasing is what you want to happen at the end of the agreement and if you want the option to own the vehicle or hand back to the lease company. contract hire you typically hand the vehicle back to the lease company at the end of the agreement and with Finance lease you have the options to sell the vehicle on and benefit from any equity in the vehicle. Alternatively you could choose a contract Purchase agreement, this gives you the option to own the vehicle at the end of the lease.
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. Take a look at our in-depth guide to fair wear and tear for more info.
Without seeing the damage it's hard to advise, but the finance company will charge you for damage when you return the vehicle so I would suggest speaking to your insurance company depending on how bad the damage is. I would suggest fixing the van yourself which will usually cost less than waiting for the finance company to charge you.
Hi all, I am currently looking at leasing a pickup and have heard all the horror stories regarding handing back the vehicle at the end of the term i.e mileage and condition of the vehicle and getting a rather hefty bill. I look forward to your response, Kindest regards, P J Davenport (Mr)
Our expert Rob answered... Hello Philip, 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'd like to discuss this further please call us on 01442 838195. Alternatively, please let us know the best contact number for you and I will arrange for one of our specialists to call you. Kind regards, Rob Cox.
Hi Andy, if I finance lease a refrigeration van from you, do I have the option to purchase the van at the end of the lease.
Our expert Gary answered... Hi Anthony On a finance lease you don't get the opportunity to buy it. However you can keep the van at the end of the Finance Lease agreement. If there is a residual payment that would need to be paid, you either repay that in one lump sum OR, in most cases, the finance company will allow you to refinance it. If you still want to keep the van once any final payment is made then, as all of the Capital has been repaid, you would then enter into what is called a 'secondary rental period', ie, a peppercorn rental. This is usually a yearly payment equivalent to whatever your monthly payments were during the initial agreement. So you get al of the benefits of leasing a van ie low deposit, low payments and tax efficency. As well as the having the equity opportunity and flexability that you would get with say Lease purchase . Hope that helps Andy
What happens at the end of the lease and the vehicle has racking and some small dents?
Our expert Mike answered... Hello Gavin, thanks very much for leaving us your question on our website. Depending on what type of agreement you have will depend on what may or may not happen at the end of your contract. If you have a contract hire Agreement and you have added racking after taking delivery of the vehicle then you would need to have the racking removed when the vehicle is returned. If you were to leave the racking in the vehicle, it will be classed as a modification and the lease company may charge you. If it is a contract hire Agreement you have, or are considering, then you can contact the lease company direct to advise them of what you are wanting to do, so they are aware and will advise you if they will charge you or not. If it is a Finance Lease Agreement you are considering then there will be no charge simply because at the end of a Finance Lease Agreement you will either stay in the vehicle for a longer term or you will sell the vehicle on to a 3rd party. In regards to small dents, if it is a contract hire there is a fair wear and tear guide we can issue to you to advise you on what's acceptable and of course what is not. If you would like to discuss any of these points in greater detail please feel free to contact any of our specialists direct on 01442 838193. Many thanks again for leaving us your question. Kind regards, Mike Daly.
After my lease period can I then purchase the vehicle?
Our expert Richard answered... Hi Andrew, thank you for getting in touch. We have a finance product called Contract Purchase which gives you the option to own the vehicles at the end of the term, this would be the best contract for you if you would like to gain ownership. Please give one of the team a call who will be happy to help and run you a tailored quotation, for more information about this contract I have attached a link below, www.vanarama.co.uk/finance-info/van-finance-options/business-contract-purchase.html Thank you, Richard Wells.
Can a damage waiver be added to our policy so we don't become subject to large penalties on return of the vehicle due to what I call standard ware and tear?
Our expert Rob answered... Hi Ian, thank you for your question. Unfortunately this is not an option, however we would be able to send you the fair wear and tear guide supplied by our lease company. This would advise you on how to avoid having any penalties at the end of the agreement. If you are in any doubt we recommend calling our experienced customer service team who would be more than happy to help and assist you. Kind regards, Rob Cox.
if we lease a van and the 3 year term is up and we want to replace with new and there are marks on van and is there a fee to pay before handing back
Our expert Gary answered... Hi Paul, If you went for a contract hire agreement there are fair wear and tear guidelines that we can provide you that will stipulate what is acceptable. Alternatively, if you went for a finance lease you could potentially part exchange the vehicle and the value is reflected in the condition of the vehicle at the end of the lease.
What damage do you except when returning the van after four years
Our expert Richard answered... Hi Justin, the finance company allow for "fair wear and tear" this means they allow for "any chips, scratches, scuffs and abrasions up to 10 cm, which may be removed by mechanical polishing, dents up to 2 cm, given that there are no more than two dents per panel." If you have any other questions please email me on [email protected] Kind regards, Richard Wells.
After a 3 year lease what happens then? If I don't want to keep the van? Will I need another deposit and start again ?
Our expert Gary answered... Hi Richard, thanks for your question. It would depend on what lease you decide to go for as to what happens at the end of the agreement and I have listed the options below; contract hire is a type of contract where you simply hand back the vehicle at the end of the contract, leaving you free to contract hire a brand new van. There is not an option to take ownership, and a new agreement would need to take place. Finance Lease is a very popular product, as it gives you the best of both worlds. It gives you the benefits of ownership as you can take advantage of equity built up in the vehicle. The vehicle isHired for a fixed monthly rental with a balloon payment, which is based on the estimated mileage, vehicle and term of the agreement. You are responsible for disposing of the vehicle at the end of the contract. If the sale price is above the predetermined balloon payment, you will retain the majority of the equity. If there is any equity in the vehicle at the end of your contract you will be able to use this as your deposit for your new vehicle next time around. For more information, and a personalised quote please let us know the best number to contact you on and one of our van specialists will be happy to discuss your options with you. Thanks.
I am at the end of financial lease on a van. Can I sell it privately? If so do they send invoices to them and they pay VW? Then how long is it before I get the profit? Can I then buy it back if they want to return it?
Our expert Richard answered... Hello Ian, thanks for your question. On a finance lease agreement you will need to send a copy of the sales invoice to the finance company, most will simply ask for the amount you owe and the rest is yours to keep. For example if the Van is sold for £7000 and you only owe £5000, send the finance company the £5000 along with the invoice for £7000. All finance companies can differ so you may want to check with VW direct, alternatively if you leased this vehicle through us please give one of the renewals team a call who will be happy to help. Kind regards, Richard Wells.
Do you get charged for any damage to the vehicle at the end of the lease term?
Our expert Mike answered... Hi, thank you for getting in touch. The type of contract you decided on and what you would like to happen to the vehicle at the end of your contract, will determine if there will be a damage charge. There are three main types of contracts available which all have different options available. The best thing to do is to speak with one of our specialist on 01442 838 193 to discuss these options in further detail. Kind regards, Mike Daly.
Hi, I'm thinking of leasing a van. After the lease period, and its time to hand it back, how do you decide if the van defects are wear and tear or needs repairing? Who are the repairs down to?
Our expert Richard answered... Hi Richard, thank you for leaving your question on the site. If you lease a vehicle on a contract hire agreement you will need to make sure the vehicle is in good condition before it is handed back. Any damage the finance company deem over general wear and tear, you will have to pay for. The BVRLA (British Vehicle Rental and Leasing Association) have now compiled what should be classed as fair wear and tear. This means that now every finance company have to abide by the same standard. As a rule of thumb, very light small scratches are usually ok and any small stone chips would be allowed. Anything else we would recommend putting right before handing the vehicle back. If you would like to see a copy of the fair wear and tear guide, I would be happy to email this to you? The document will show examples of what would be classed as acceptable wear and tear and what you could be charged for. Thank you. Kind regards, Richard Wells
When the lease term is up and I want to carry on with a new van, do I have to put down another deposit?
Our expert Mike answered... Hi Stephen, thanks for getting in touch. If you would like to lease another vehicle at the end of a current agreement, the options and deposit, if required, will depend on the type of agreement you have. As an example, if you had a contract hire and at the end of the agreement you are returning the vehicle, to start a new agreement you may have to put an initial deposit up front, however, that could be as little as the equivalent of 1 monthly rental. If you currently have a finance lease agreement then you will need to sell the vehicle to a 3rd party where you then have the opportunity to benefit from any equity that you may have made during the agreement, which of course, may cover any deposit required for your next agreement. If you would like to discuss this in further detail, please feel free to contact one of our specialists direct on 01442 838193. 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 Daly.
I'm thinking of leasing a van for the first time. Just wondering what happens at the end of the lease regarding scratches or any damages to the vehicle?
Our expert Richard answered... Hello Darren, thanks for getting in touch. It depends which contract you choose, with finance lease you will sell the vehicle at the end of the term so it will not be charged for damage, however if the vehicle is badly damaged it may not cover the final rental. With contract hire the finance company expect fair Wear and Tear this is all clarified with examples in a guide which I can send out to you if you wish? As a rule of thumb on commercial vehicles small scratches and stone chips are acceptable but no major dents or long deep scratches. Kind Regards, Richard Wells.
Hi there if you lease say a car for 3 years can you just exchange it for another one and have a role over payment it just continues? Or do you have to pay a final deposit I the cost of the car? I was looking at the mini cooper diesel,do you get a choice if colour? Cheers
Our expert Dominic answered... Hello Della, thanks for your question. Usually, the vehicle goes back to the leasing company and you can get a new agreement this is called Personal contract hire. However, we do have agreements that will allow you to part exchange the vehicle at the end which are called PCP agreements'. Both types of agreements make leasing a car very affordable depending on your circumstances, and we have many cars in stock in various colors so this is not limited. If you would like to discuss this further, please contact one of our specialists on 01442 835765. Kind regards, Dominic Tutton.
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.
We are a construction company. During a 3 year lease a commercial vehicle can be subject various amounts of small dents, tipped paint, inside van marks etc. What are your terms & conditions at the end of a lease on extra charges if any?
Our expert Mike answered... Hi Jeff, thanks very much for leaving your question on our website. There are various types of leasing available to you depending on what you would like to happen at the end of the term. There are different terms and conditions for the different types of contracts. We would love to be able to talk to you Jeff, so we can establish the right type of contract for all your business requirements and of course discuss all options in great detail. If you could please let us know the best contact number for you and also when a convenient time would be for one of our specialists to contact you. Thanks for leaving us your question. Kind regards, Mike Daly.
To settle my finance lease early I am suppose to sell the truck and pay my settlement figure. How can I do this when the finance company owns the vehicle/logbook. All the garages I've asked won't touch it or even give me a price?
Our expert Richard answered... Hi Tim, thanks for your question.Once you have paid the final rental, you then need to send a copy of the invoice to the finance company. They will then send the log book to the new owner. If it helps call the finance company when you are with the potential buyers and they can take payment over the phone. This usually helps to confirm everything that you have already said. Thank you,Richard Wells