Agreement End - Overview
What happens at the end of my agreement?
Operating Lease & Contract Hire.
If you have a Finance Lease agreement, you have three options to choose from:
Extend your agreement
Continue to use your vehicle for a further agreed period in return for a 'peppercorn' payment, equal to one month's rental per annum. Conditions apply.
Sell your vehicle to an independent third party.
Establish a VAT-registered unconnected third party to purchase your vehicle at its current market value (we will appoint you as our agent to complete the sale), and then notify us of their details. An invoice will be raised and upon receipt of the sale price, you'll receive 95% of the sale proceeds.
Return the vehicle and we will sell it on your behalf
Hand back the vehicle and we'll collect and sell the vehicle on your behalf, at auction. You'll receive 95% of the sale proceeds minus our administration costs.
What happens next?
If you nearing the end of your agreement and will be returning your vehicle, here is what will happen.
- Meeting the standards - It is important that your vehicle is cleaned thoroughly inside and out before collection — our agents can refuse to take your van if it cannot be inspected accurately, and you may be charged for an aborted collection. Vehicle Return Standards
- We will call you to arrange collection - Simply let us know when you would like us to collect your van. Once we have agreed a convenient date and time, we will arrange collection from your work or home address. Please refer to your agreement for further information on the responsibility to return your vehicle.
- You had over your van - When our representative collects your Mercedes-Benz, they will perform a safety check to confirm it is safe to take on the public road. Before signing the collection agent’s handover form, please ensure all items have been recorded correctly. Please note, the driver who conducts the handover will not be a trained engineer.
- Your Mercedes-Benz is returned - Once we have collected the van, an engineer will then complete further, more detailed inspections to determine any unacceptable damage.