Returning your Vehicle
This section of DriveHub provides useful information when returning your company vehicle at the end of its leasing contract.
When your company vehicle reaches the end of its leasing contract FleetEurope will arrange for it to be returned to the vehicle funder for inspection and resale. During the inspection process the funder checks the vehicle for any signs of wear and tear. There are two types of wear and tear:
Fair Wear and Tear
After three or four years of ownership the condition of your company vehicle is unlikely to be in the same condition than when you first started driving it. Fair wear and tear occurs with everyday usage and causes ‘acceptable’ deterioration, which may include small scuffs, light scratches and signs of minor wear to interior fabrics.
Unacceptable Wear and Tear
Any excessive damage found during the vehicle inspection that is likely to reduce the vehicle’s resale value is considered unacceptable wear and tear. This includes damage that has occurred as a result of a specific event or series of events such as impact, inappropriate stowing of items, harsh treatment, neglect or omissions.
Any unacceptable wear and tear will need to be repaired by the funder and billed to your employer as a ‘de-hire’ charge before it is sold.
Fair Wear and Tear Guides
To help you avoid any end of contract recharges, the British Vehicle Rental and Leasing Association (BVRLA) has produced guidelines on what it considers to be acceptable wear and tear for cars and vans. To access an example of the BVRLA guides hosted on one of our funder’s websites, click on the images below: