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Leasing a vehicle

Wig
Wig Posts: 14,139 Forumite
A lot of people lease these days. Just wondering when you lease, who pays for the servicing, and new tyres, exhausts etc, and repair costs?

You would think it would all be included in the lease agreement. But I suppose they are not that kind of lease?

Comments

  • Crabman
    Crabman Posts: 9,940 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Wig wrote: »
    A lot of people lease these days. Just wondering when you lease, who pays for the servicing, and new tyres, exhausts etc, and repair costs?

    You would think it would all be included in the lease agreement. But I suppose they are not that kind of lease?
    Leasing deals can include maintenance - meaning that servicing, tyres, etc. are included in the monthly price.

    Obviously the maintained lease generally costs more than a non-maintained lease.

    If for example you have a two year lease and only do 6000-8000 miles per year, it's unlikely the tyres will need to be replaced unless the driving style is inefficient. Therefore the main cost would be servicing - some manufacturers offer two year servicing so you may need to service it before it goes back. It's a case of evaluating whether a maintenance plan would be good value.
  • w211
    w211 Posts: 700 Forumite
    Eighth Anniversary 500 Posts Combo Breaker
    Leased cars will have a warranty usually three years, which is often the most common period of leasing a car (though you can have leases from 1 to 4 years). So anyhing which goes wrong/doesn't work, will usually be fixed free of charge.

    Some leases (if not, most), require your car to be serviced at a main dealer, rather than an independent, which usually means you're paying more for servicing (if you don't have a maintenance plan).

    With repairs, leased cars have to be returned in an "as-new" condition, and they allow small dents/scuffs of a certan size as normal wear and tear, otherwise you'll be charged for anything major when you hand the car back.

    Tyres (unless included in the lease), may have to be of a certain make (usually, any reputable make will do), and matching on each axle.
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