How to Return a Leased Car

What are the steps for returning a leased car?

Returning a leased car involves several important steps to ensure a smooth and hassle-free process:

1. Review Your Lease Agreement: Start by revisiting your lease contract to understand any specific return conditions, potential fees, or notice periods required.
2. Address Necessary Repairs: For any excessive wear or damage, consider repairing these issues beforehand to avoid additional fees.
3. Clean the Vehicle: Thoroughly clean both the interior and exterior of the car to present it in the best possible condition.
4. Gather All Original Items: Ensure all original accessories, such as spare keys, manuals, and equipment, are present and in good condition.
5. Arrange Return Logistics: Coordinate with the leasing company to schedule the return date and confirm the drop-off location.
6. Complete Return Documentation: Upon returning the car, complete all necessary paperwork to finalise the process and obtain copies for your records.

What inspections are required when returning a leased car?

When returning a leased car, a formal inspection is required to assess the vehicle's condition. This inspection typically includes:

• Exterior Examination: Checking for dents, scratches, chips, or any damage beyond normal wear and tear.
• Interior Assessment: Inspecting upholstery, carpets, and interior fittings for stains, tears, or excessive wear.
• Mechanical and Functional Check: Ensuring all mechanical components and electrical systems are functioning properly, including lights, brakes, and infotainment systems.
• Tyre and Wheel Inspection: Verifying tyre tread depth meets legal requirements, and wheels are free from damage.
• Mileage Verification: Recording the odometer reading to confirm it is within the agreed mileage limit.
• Accessory Inventory: Confirming all original accessories and equipment are present, such as navigation SD cards, charging cables for electric vehicles, or removable seats.

It's advisable to be present during the inspection to address any concerns immediately.

What are the charges for damages or excess mileage?

Charges may apply in the following circumstances:

• Excess Mileage Charges: If you exceed the mileage allowance specified in your lease agreement, you'll be charged a predetermined rate for each additional mile or kilometre. This rate is outlined in your contract.
• Damage Fees: Any damage considered beyond fair wear and tear can incur repair costs. This includes significant scratches, dents, cracked glass, or interior stains.
• Missing Items: Costs for replacing missing accessories or equipment that were originally supplied with the vehicle.
• Excess Wear and Tear: Additional charges may apply for tyres below the legal tread depth, damaged wheels, or non-functional mechanical parts.

To avoid unexpected fees, it's crucial to familiarise yourself with the leasing company's wear and tear guidelines, often provided in the lease documentation.

How do you prepare your car for lease return?

Proper preparation can minimise potential charges:

• Perform a Self-Inspection: Examine your car inside and out for any damage or excessive wear.
• Complete Necessary Repairs: Fix minor damages such as dents, scratches, or windshield chips. It may be more cost-effective to address these yourself rather than paying lease-end penalties.
• Service the Vehicle: Ensure all scheduled maintenance is up to date, and attend to any dashboard warning lights.
• Deep Clean: Have the car professionally cleaned, including washing the exterior and valeting the interior.
• Check tyres: Replace tyres that are worn below the legal minimum tread depth and ensure all tyres match in terms of size and type.
• Organise Documentation: Gather all service records, MOT certificates, and any other relevant paperwork.
• Remove Personal Items: Clear out all personal belongings and reset any personal settings on the infotainment system.
• Return Original Accessories: Reinstall any original parts or accessories that were removed during the lease term.

Can you extend your lease or buy the car at the end?

Yes, at the end of your lease, you typically have several options:

• Lease Extension: You can request to extend your lease, often on a rolling monthly basis or for a fixed term. This can be useful if you're waiting for a new car or need more time to decide on your next steps.
• Purchasing the Car: Most leasing companies offer the option to buy the car at the end of the lease. The purchase price is usually the car's residual value, specified in your lease agreement. This can be an attractive option if the car has been well-maintained and suits your needs.
• Upgrading to a New Lease: You may choose to enter a new lease agreement on a different vehicle, allowing you to enjoy the latest models and features.
• Returning the Car: Simply hand back the vehicle as per the original agreement with no further obligations aside from settling any outstanding charges.

To explore these options, contact your leasing provider well before the lease expires to discuss the available choices and any necessary arrangements.