Voluntary termination.

[Mr Tom]

Hi,

I took delivery of a lease car (Seat Leon Cupra) in November. Now I have just got a new job which offers (a terrible but cheap) company car. From April I will have an expensive car not doing much.

Can I voluntarily terminate a car lease as you can do with a pcp after half of the payments are paid?

Cheersl

[Mr Tom]

I understand my responsibilities and if I have to keep the lease going then so be it. I can afford it and will continue to pay. I just didn't see this opportunity arising so soon. It's the insurance that is the killer as well as the rentals. Looking at £350 a month combined which is a lot for something that I won't use very much. In regards to the company car and taking the cash alternative, it is tempting but the tax on the cc is £200/year, Suzuki celario(?) with it fully maintained and I will be claiming 45ppm. Tyres on the Cupra are expensive, 7.2ppm extra lease miles (may be doing 20kpa and it's not the most economoical of cars. I believe the £200 in tax will be offset by better economy, no wear and tear costs etc. If anyone wants a Cupra 290 in 3 'months give me a pm!

Thanks for all the advice, I'm a bit gutted at the situation but hey ho!