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March 19th, 2019
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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