Tuesday, September 23, 2008

Wear and Tear: What's on It in a Car Lease?

When a leased car is returned to the car leasing company, it should be in a considerable state of wear and tear. It would be examined by the company, and any excessive wear and tear has a corresponding penalty.
So what are the bases for the car’s wear and tear status? All these are found on the fair wear and tear section in the guidelines of the British Vehicle Rental and Leasing Association (BVRLA).
According to the book, "The aim of the BVRLA's Fair Wear & Tear Guide is to provide an industry-wide, accepted standard as to what constitutes fair wear and tear for contract hired and leased vehicles on their return to BVRLA Members at the end of contract."
BVRLA’s guidelines would serve as a Bible whenever you have an accident or are injured but most especially when you are in limbo regarding your mileage or when you are about to return your leased car.
You should also know that in a car leasing agreement, most of the penalties that you will be getting are for car damages and not for excessive mileage. Hence, the best way for you to avoid these super charges is to read your contract well before you sign it. As for the rest of the concerns with regards returning your leased car, you can rely on BVRLA's Fair Wear & Tear Guide.

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