How Operating Lease Works
- At the start of your agreement you decide on the length of your agreement and predicted annual mileage, and pay an advance rental upfront.
- Your monthly rentals exclude VAT and are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore only a proportion of the vehicle’s value is repaid, keeping your monthly rentals lower.
At the end of your agreement
- We’ll arrange the collection of your vehicle.
- You simply hand back your vehicle subject to it being inline with our Vehicle Return Standards as vehicle condition, excess mileage and other charges may be payable.