Who is responsible for potential lease-end charges?
The Lease Buyer would be responsible for any termination charges at lease end. The Lease Buyer is assuming the remainder of an active lease, and will be responsible for the lease-end terms as included in the original lease contract. Lease-end charges may include excess mileage fees and excess wear & tear charges. It is important that the Buyer satisfies themselves as to the condition of the vehicle prior to the handover to avoid disputes over condition at the end of the lease to this end an independent RAC inspection can be requested by the buyer. The cost of this service may be apportioned by negotiation. All potential lease-end charges will be defined in the lease transfer documentation. Repair Magic is our mobile repair service for cosmetic repairs to car interiors and exteriors. This can be accessed via 0800 804 6 804 and ask for Repair Magic.
The Lease Buyer would be responsible for any termination charges at lease end. The Lease Buyer is assuming the remainder of an in-process lease, and will be responsible for the lease-end terms as included in the original lease contract. Lease-end charges may include disposition fees, excess mileage fees and excess wear & tear assessments. All potential lease-end charges will be outlined in the original lease document.
The lessee at the end of the lease term is responsible for any lease-end charges that may exist. Lease-end charges may include disposition fees, excess mileage fees and excess wear and tear assessments. All potential lease-end charges will be outlined in the lease contract. To guard lease buyers against excess wear and tear assessments, LeaseTrade.com has partnered with a leading purchase insurance company. Please visit our partner section for information on this valuable program.
