So, you have decided to lease your new car. Make sure that you ask these questions and be sure that once you have chosen the leasing dealer, company or broker, you’ve given some thought to these points.
When does your Direct Debit come out of your bank?
Your monthly rental will be taken by a Direct Debit set up by ourselves. Manage your money so that you can always cover the amount.
Is road tax included?
Some types of lease include the road fund licence for the whole term and others for just year one. Others include none at all. Your type of lease agreement will define whether you have rfl or not.
What do I need to know about “wear & tear”?
At the end of your lease you will return your car and it is expected to be in good condition. Ask for a copy of the BVRLA fair wear and tear policy so you know what to expect.
Make sure that you know your annual mileage and the fee to pay per mile if you exceed it. You will have an annual mileage allowance and a pence per mile to pay should you go over that amount.
Make sure that you know how much you are paying
Make sure that your monthly rental is clear and whether or not it includes maintenance. Check also that you don’t have a final payment (a balloon).
What do other customers say about the broker?
Review sites will have independent reviews of brokers, take some time to read and see if people are happy.