What happens if leased goods are sold on ?
Discussion
After advice please.
Leased item has been sold on by the person leasing them.
This is a motoring question. A renault zoe is originally sold with the the batteries subject to a lease agreement. The lease agreement seems to allow the car to be sold on but only when the new owner takes on another lease agreement.
In this case the car has been PX'd to a dealer and then passed through the hands of a couple of dealers before coming up near me. The dealer now selling it has no contact with Renault and says that when they bought it nothing was said about the lease. They do know that the car should have a lease but are not renault dealers and have had no contact with renault over the vehicle.
If I were to buy the car where would I stand? Can Renault come after me? Or do they have to chase the last owner who did have a contract with them?
Leased item has been sold on by the person leasing them.
This is a motoring question. A renault zoe is originally sold with the the batteries subject to a lease agreement. The lease agreement seems to allow the car to be sold on but only when the new owner takes on another lease agreement.
In this case the car has been PX'd to a dealer and then passed through the hands of a couple of dealers before coming up near me. The dealer now selling it has no contact with Renault and says that when they bought it nothing was said about the lease. They do know that the car should have a lease but are not renault dealers and have had no contact with renault over the vehicle.
If I were to buy the car where would I stand? Can Renault come after me? Or do they have to chase the last owner who did have a contract with them?
If the batteries are leased then if you buy the car you wouldn't get title to the batteries and Renault could presumably take them away!
I am sure there must be some fine print in the lease agreement that covers what happens if the vehicle is sold without the lease also being transferred. Even if not I presume it won't be the first time it has happened. Speak to your local Renault dealer about it in the first instance. Or make the dealer selling the car do the legwork as it is their problem primarily.
Clearly you need a lease with the vehicle and you don't want to be liable for any past, missed lease payments (not sure if that is possible but clearly if you have the car and batteries then Renault has someone to chase).
I am sure there must be some fine print in the lease agreement that covers what happens if the vehicle is sold without the lease also being transferred. Even if not I presume it won't be the first time it has happened. Speak to your local Renault dealer about it in the first instance. Or make the dealer selling the car do the legwork as it is their problem primarily.
Clearly you need a lease with the vehicle and you don't want to be liable for any past, missed lease payments (not sure if that is possible but clearly if you have the car and batteries then Renault has someone to chase).
T&C are pretty clear : http://myrenaultzoe.com/Docs/BatteryHireLeaseAgree...
The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
Edited by marshalla on Saturday 28th May 13:03
marshalla said:
T&C are pretty clear : http://myrenaultzoe.com/Docs/BatteryHireLeaseAgree...
The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
You can never buy the battery if the car was originally purchased with the battery lease option. The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
Edited by marshalla on Saturday 28th May 13:03
If the previous owner sold the car earlier than when the battery lease was up then they are liable for future battery payments until the lease has run its course or they can buy themselves out of the lease or transfer it to a new owner, you can't just decide to sell the car and cease battery lease payments.
marshalla said:
T&C are pretty clear : http://myrenaultzoe.com/Docs/BatteryHireLeaseAgree...
The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
That is a terrible agreement - I wonder how many people actually read them? I'd never agree to that.The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
eg - remember this is a battery lease agreement, not a vehicle lease
t+c said:
15. Your Early Termination
Subject to the provisions of this paragraph, we may at our discretion allow you to terminate the hiring at any time by returning the Battery
and Vehicle to an authorised dealer.
Subject to the provisions of this paragraph, we may at our discretion allow you to terminate the hiring at any time by returning the Battery
and Vehicle to an authorised dealer.
TooLateForAName said:
marshalla said:
T&C are pretty clear : http://myrenaultzoe.com/Docs/BatteryHireLeaseAgree...
The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
That is a terrible agreement - I wonder how many people actually read them? I'd never agree to that.The original lessee of the battery appears to be in breach and the new owner will need to arrange a way to get a battery for the car either by leasing or purchasing one. Unless, of course, the original lessee bought themselves out of the lease and bought the battery.
eg - remember this is a battery lease agreement, not a vehicle lease
HTP99 said:
Regardless; whether a car or a battery, there is still a significant cost involved for Renault; around £5k per battery, why should Renault not have clauses where you are committed to the term that you have signed up for?
I probably wasn't clear - I meant I'd never agree to that contract. I don't expect to be able to walk away from a contract that I've signed, but I would never sign up to that contract.TBH I wouldn't sign up to a battery lease agreement (or at least not at the prices RCI quote). I was interested in how they might handle things when a car has fallen out of their framework - maybe a sensible battery purchase option. Doesn't look like that will happen so renault stays off my list.
What does actually happen when someone buys a leased battery car without having a lease? It must be happening, and there are certainly dealers who are 'misleading' when discussing battery stuff.
TooLateForAName said:
HTP99 said:
Regardless; whether a car or a battery, there is still a significant cost involved for Renault; around £5k per battery, why should Renault not have clauses where you are committed to the term that you have signed up for?
I probably wasn't clear - I meant I'd never agree to that contract. I don't expect to be able to walk away from a contract that I've signed, but I would never sign up to that contract.TBH I wouldn't sign up to a battery lease agreement (or at least not at the prices RCI quote). I was interested in how they might handle things when a car has fallen out of their framework - maybe a sensible battery purchase option. Doesn't look like that will happen so renault stays off my list.
What does actually happen when someone buys a leased battery car without having a lease? It must be happening, and there are certainly dealers who are 'misleading' when discussing battery stuff.
The lease option works far better on a brand new car when financed on a PCP; you just have the battery lease to run for the same duration as the PCP on the car, Renault offered this option to keep costs down as funding a battery outright is around £5000.
HTP99 said:
The lease option works far better on a brand new car when financed on a PCP; you just have the battery lease to run for the same duration as the PCP on the car, Renault offered this option to keep costs down as funding a battery outright is around £5000.
Thats all very well when the car itself is leased, but anyone buying the car outright with a battery lease is going to have real issues moving it on after a few years.What is Renault going do do with all the lease car returns ? How are you finding sales of used EV with battery lease? Are you putting them on further pcp deals ? Are people actually buying them?
We have a Leaf (battery purchased) and I don't see how people are going to be able to sell the FLEX models on in a couple of years.
I know someone with a Fluence - he can't sell it. Dealers won't take it in PX and he's getting no interest privately because its going to cost the new owner £800+ / year
Edited by TooLateForAName on Saturday 28th May 18:37
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