What Happens at the End of a Vehicle Leasing Contract?

By Lauren Bagnall
06-09-2021
What Happens at the End of a Vehicle Leasing Contract?

Whether you're looking for pickup or van leasing for your business or you need a brand-new car for a fraction of the price of buying outright, vehicle leasing is the best choice for you. It's cost-effective and allows you to drive a brand-new motor for a set contract length. Once your contract ends, you have options moving forward, which you can discuss with your vehicle leasing provider.

Here at MW vehicle contracts (MWVC), we have a wide range of car, van and pickup lease deals perfect for personal and business use alike. You can even tailor your initial and monthly rentals to suit your preferences and budget, with sales executives on hand to objectively advise you on the very best vehicle for you. From personal car leasing deals to van lease deals and pickups for businesses, you have options when your contract comes to an end...

Preparing Your Vehicle for the End of its Lease

Once your contract ends, you simply hand your vehicle back to the leasing company. They will usually contact you a few months beforehand to discuss your options going forwards, but there are a few factors to remember before returning your vehicle. On the day of collection, your vehicle will be checked for any scrapes and bumps that go against the 'Fair Wear and Tear' policy. Ensure you have the vehicles MOT certificate, service book and all keys belonging to the vehicle.

Make sure the vehicle contains none of your personal belongings and that all paperwork has been organised before handing the vehicle over. If you're looking for a car lease agreement, we have a wide collection of brand-new vehicles on offer perfect for you and your budget. This all-new Volkswagen Polo Hatchback is just £150.83* per month inc. VAT, making it the optimal choice if you're after a brand new car on a budget. To view the rest of our car leasing special offers, please visit us here.

Your Options

At the end of your vehicle leasing contract, you have various options. Most commonly, those who lease a car, van or pickup truck will opt for a brand-new model, trading in their last vehicle and keeping up to date with the latest safety features and technology. Different contract lengths lead to varying monthly and initial rentals, allowing you to suit your contract exactly to your tastes. As long as you're within your mileage and the condition of the vehicle is up to standard, then your contract will simply end and start all over again with a new contract and your brand-new vehicle.

Depending on the funder, you could extend your contract month by month with little to no change in the rentals. However, this is an informal agreement and the funder could decide to retract the vehicle at any time. If you would like a more formal arrangement, you can opt for an agreement where your contract is extended for six to twelve months. To find out more, you can contact one of our friendly sales team members by calling 0116 259 9548.

How We Can Help

Here at MWVC, we have a wide range of pickup, van and car leasing deals perfect for businesses and individuals alike. From luxury SUVs and hatchbacks to single and double cab pickups, we have the perfect vehicle for you at a fraction of the cost of paying upfront. This brand-new Vauxhall Combo Cargo is perfect for a range of businesses, from delivery companies to tradesmen. At just £145.64* per month ex. VAT, this van leasing deal allows you to manage your finances and monitor what is coming out of your account every month.

If you would like to discover more about our van leasing deals, please visit us here. Authorised and regulated by the Financial Conduct Authority, we are a vehicle leasing company you can trust. To find out more, please give us a call on 0116 259 9548, and a friendly member of our sales team will be happy to assist.

*all pricing correct at time of publishing