FAIR WEAR AND TEAR
When you lease a vehicle, you have a responsibility to look after it and return it in as good a condition as possible.
At the end of the lease, a representative from the finance provider will collect your vehicle and check its overall condition. All damage will be recorded, and in the event that the vehicle is returned in poorer condition than ‘fair wear and tear’ allows, you may be charged.
WHAT IS FAIR WEAR AND TEAR?
Fair wear and tear occurs when normal day-to-day usage causes deterioration to a vehicle. It is not to be confused with damage such as impacts, harsh treatment, or negligence.
The British Vehicle Rental and Leasing Association (BVRLA) is the trade body for leasing companies. The BVRLA has created an industry wide standard that defines fair wear and tear at the end of a lease agreement. You can view these standards here.
WHAT DO YOU NEED TO DO?
To avoid any nasty charges at the end of your lease, you should arrange to repair any damage before the vehicle is collected. You should carry out an honest and thorough appraisal of the vehicle at least two months before the date your lease ends to give yourself plenty of time to have any damage repaired.
Some things to bear in mind:
- Don’t be tempted to leave repairs to the finance provider. A professional repairer will be able to correct damage for less than the finance provider will recharge you.
- Don’t attempt to repair the vehicle yourself. All damage must be repaired to a professional standard by a repairer who can provide a full warranty on their work.
All finance providers accept the BVRLA Fair Wear and Tear Standard. However, they may have their own rules in addition to this, so please refer to your contract. If you still have any questions, give us a call - we’re here to help.