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Van Leasing and Warranty

March 19th, 2019

Van Leasing and Warranty

Again van leasing contracts are different at the end dependant on lease structure:

1/ Contract Hire – van will go back to the lease company at the end of contract. They will arrange for collection and check condition and mileage. Please note there may be a charge if you are over your contract mileage or there is damage to the vehicle.

2/ Finance Lease –

                a/ terminate lease by selling van and settle off any outstanding loan

                b/ extend lease – go into secondary rentals

                c/ keep vehicle by selling van and terminating lease and repurchase back from 3rd party.

Note:- lessee will receive circa 98% of sales proceeds

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