How to avoid extra costs at the end of your lease

£250 to dispose of your vehicle, £1000 for the additional mileage you put on the clock and £200 to replace the light bulb and the worn tyres—lease agents are know for accumulating addtional cost when a lease runs out.

Below are typical charges and exmples, and some steps to take to defend yourselves against such charges. Discover car lease specials today and you may be suprised.

Disposition fee: This is a charge that will be applied if you do not purchase the vehicle at the end of the lease. This chrge is seen as compensation to cover the expenses of selling, or otherwise disposing of the vehicles a general rule it includes administrative charges; the dealer’s cost to prepare the car for resale and any other penalties.

Ensure this fee is stated clearly in the contract and is agreeable to all parties before signing the contract.

If left til lease-end, you will be in no position to negotiate and the dealer has your refundable security deposit which can be applied towards this fee

Excess mileage charges: The majority of leasing companies will charge a premium for every mile that is over on the agreed mileage that is stated in your contract.

The penalty applied can quickly add up and can reach as high as 25 pence per mile. To steer clear of the risk of running thousands of pounds in excess mileage penalties when your lease ends, always evaluate your realistic mileage and calculate “per mile” charges in your contract and be realistic about your mileage before you sign any contract.

If you feel the limit is unrealistic given your realistic needs, then it would be wise negotiate with the dealer to get additional miles added into the contract before you sign anything.

Excess tear-and-wear charges: Another potential charge at the end of the lease can be if any incidental damage has been done to the car during the lease.
 
This is deemed any excessive damage done other than the normal tear and wear of the vehicle. Notice the use of the terms “deemed”, “excessive” and “normal”.
 
There is no definite distinction to define what’s “excessive” and “normal” and it is the leasing companys responsibility to assess – or deem – the damage and figure out what they will charge.

This can leave you at the mercy of shameless leasing agents who set stringent tear-and-wear standards. car leasing companies offering vehicle lease can sometimes be a bit daunting for a first time leaser, always carry out extensive research before deciding,

You need to ensure tht the description of these standards is read throughly,and that they are understood them and you agree to them.
If your leased vehicle is damaged beore the lease ends, you may find it works out cheaper to repair the damage yourself rather than pay the over the top charges. No credit check car lease is a norm in todays motoring world, research and enjoy the benefits today.

If a dispute arises at the end of your lease over additional charges, arrange for an independent third party to do a professional evaluation which details the cost incured to repair any damaged parts or the amount by which tear-and-wear depreciates the value of the vehicle. If you need car finance without a credit check or if you are looking for bad credit car finance specialists, there are hundreds of lenders ready to provide you with the finance you need.