If you don`t want to buy the car at the end of the contract, just return it. As long as the car is in good condition and has not exceeded the agreed mileage, you will no longer have to pay any money. When your agreement expires, you must return the car. This is the only option available. If you think you need to terminate your next car`s contract prematurely, it`s worth reading the car`s return conditions in advance to see exactly what the situation is. Alternatively, drivers who use PCP funding receive additional protection if they wish to return a car prematurely, including voluntary termination that allows motorists to return a pre-funded car at no additional cost, provided that more than half of the total financial balance has been paid. If you want to rent a car on a personal rental basis, check out our extensive catalogue of brand new vehicles or check out our latest rental offers. Alternatively, you can call our leasing experts on 0345 811 9595 to discuss the options available to you. At the end of your personal lease, you must return the vehicle to the financial company.
There is no way to buy the vehicle at the end of your life, but you can simply replace it with another. The vehicle must be returned to the leasing company in a state in accordance with the BVRLA`s „Fair wear and tear“ guidelines, otherwise royalties may be charged. The more deposit you pay, the lower your monthly payments and vice versa. At the beginning of your contract, you decide on your annual mileage allowance. The higher your miles allowance, the higher your payments will be. At the end of the contract, the vehicle is returned to the lessor, i.e.: You are free to rent or buy another vehicle without financial obligation. However, the total amount you pay through the contract is often less than that of a PCP. But each offer is different, so make sure you buy and compare the total cost, including running costs. In some cases (subject to the financial services provider`s agreement), you can renew the transport contract.
PCH can be adapted to your living conditions: you are usually able to adjust the first payment due before the delivery of the car, as well as the duration of the contract and the mileage limit that affect all your monthly payments. The larger your upfront payment, the lower your monthly bills will be, with longer contracts and lower mileage allowances, which generally reduce monthly costs. If you decide to pay for your car with a rental contract, you usually pay a first down payment and pay the full value of the car in monthly installments. If all payments are made, the lease ends and you own the car. It is important to remember that while staff contract offers offer some of the most favorable monthly payments for new cars, they are generally not a good long-term value because you left with nothing after the deal. If you have the savings, it may be cheaper in the long run to buy a car, then sell it if you wish or if you need to.