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Finally, it’s happened, a company has brought out an insurance policy to cover the ever growing end of contract refurbishment charges for cars and vans that will be returned to the leasing company at the end of the lease. The cost of the policy will range between £290 and £350 for a standard family sized car and it will cover vehicle damage over and above fair wear and tear up to £1,500. This may seem like Read more »

As more consumers take out Personal Contract Hire and those that have Personal Contract Purchase end up with cars that are worth less than the final payment, more cars are being returned to the leasing companies at the end of the contract that must be in ‘reasonable condition for its age and mileage’. But what is reasonable? One lady wrote to me complaining that she had some unreasonable Read more »