…………
There is also a great sense of comfort knowing that I don't have any repair bills coming and anything that does go awry ……………
Are they still subject to the ‘Fair Wear and Tear’ policy clause? Even though I still owned my own cars, I did lease through our company scheme for a few years. Not quite the same as normal leasing but something similar to Mr DTM I would imagine. No deposit, no insurance, no road fund, no maintenance etc., I simply just had to put fuel in it. It was a good scheme to start with, the vehicles were reasonably priced and the cost was deducted from my wages before I even saw it, so nothing could be simpler.
Then the prices started to climb so I purchased new vehicles using my employee discount, and then I could sell them 11 months later (tax implications if I sold them earlier than that) for what I’d paid for them.
The main worrying clause on our lease was that the vehicle had to be returned in almost mint condition. Any over mileage, any scratches, dents, kerb’d alloys etc were chargeable. I was lucky, I never got charged once, but then I do look after my cars quite religiously.
In our case, if you scratched the car badly, it was cheaper to slam it into a wall and then pay the £50 excess to claim on the insurance.
As I say, mine was a vehicle manufacturer employee scheme so may have been much different.
Rears to follow shortly as using cruise a lot appears to wear front and rears at an equal rate.
