There are areas that should be of concern to you if you are running a fleet of vehicles. We have listed some below:

1. If you contract hire your vehicles the finance company remain the owners therefore all driving offences are reported back to them. it is possible for a leasing company to register their entire fleet with the London Congestion Charge, Some refuse. Why? because not only are you paying the £60 fine but also their administration fee, which can be £20 or more.

2. End of contract, be aware and make sure that the leasing company is NOT allowing the direct debit to overrun; we have been informed of a particular leasing company who are in the FN50 that have been allowing this to happen and will normally take another months rental.

3. Collection Charges - ask the leasing company if they charge for a vehicle to be collected at the end of the contract. Some will make a charge if you do not re-new with them, this can sometimes cost £60-£200 depending on the distance.

4. If you are comparing quotations from various leasing companies be aware of the following. If a maintenance package is being offered does this include tyres. Is the Road Fund License included for the duration of the contract.

5. Early termination of the vehicle, the leasing company have made calculations and taken risks on what they think the residual value is going to be. Whilst costs have been incurred most leasing companies will 50% of the outstanding rentals. Be aware some may charge 100%.

6. Damage re-charges, leasing companies will charge for damage, most of them will work to the guidelines set out by the BVRLA. Make sure you are only charged for the damage marked down on the collection sheet and what is considered fair wear and tear. Click here for guidance.

7. Mileage review, if you think you are going over the contracted mileage tell the leasing company, if you are in a non-maintenance agreement the leasing have no means of capturing this information, a good leasing company will stay in touch with you to make sure this is logged accordingly.

For further information or consultancy on the above,

please call us on 0845 64392 80