Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Ian124
    • By Ian124 14th Feb 18, 4:18 PM
    • 1Posts
    • 0Thanks
    Ian124
    Returning a company car
    • #1
    • 14th Feb 18, 4:18 PM
    Returning a company car 14th Feb 18 at 4:18 PM
    Good evening

    Iím hoping someone maybe able to give me some advise.

    I have handed in my notice and have a week left to complete. My company car is being returned on my last working day. Part of my contract states that an amount of money will be withheld and returned in due course once the car has been checked over. I never had an issue with this as I believed it would go back to the leasing company and be checked then any monies returned.

    I have now learnt that the car will be taken from me and driven 200 miles to another engineer who will continue to use the car until it is due to be returned to the leasing company in about 18 months.

    I am trying to clear up if this is OK as I will have money withheld for an unknown length of time while someone else is driving around in the car. I would have liked to have thought the car would have been unused until my money had been returned on inspection of the car.

    Any help would be great

    Thanks

    Ian
Page 1
    • Comms69
    • By Comms69 14th Feb 18, 4:48 PM
    • 2,970 Posts
    • 2,938 Thanks
    Comms69
    • #2
    • 14th Feb 18, 4:48 PM
    • #2
    • 14th Feb 18, 4:48 PM
    Take pictures, lots of pictures. Provide a condition summary and ask a senior manager to inspect and sign it.
    • ReadingTim
    • By ReadingTim 14th Feb 18, 4:56 PM
    • 2,652 Posts
    • 3,784 Thanks
    ReadingTim
    • #3
    • 14th Feb 18, 4:56 PM
    • #3
    • 14th Feb 18, 4:56 PM
    Your money won't be with the leasing company, it'll be held by your employer in the event the leasing company charges them for any excess damage caused by you.

    It's as if you hired a car from Avis or Hertz then lent it to a mate to drive. If said mate scratched it, Avis or Hertz bills you, not your mate. So, to ensure you're not on the hook for his bad driving, you take a deposit off him. Get it?

    So, check with your HR department, and get them to confirm that your deposit will be returned shortly after you return the car. Your work will probably have a fleet manager who looks after this sort of thing - just as with any hire car, ensure you get a signature to say it's been returned in good condition, and you should be fine. Companies do this all the time, so don't worry about it.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

691Posts Today

6,117Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin