Leasing query- what happens if you dont send the car back.
Discussion
I’m sure this has been asked a million times, but in the interest of my sanity and not searching to find it, I’m asking again.
We have a car on lease via Leasys.
It was due up this month and at time of enquiring the longest informal extension they would give us was until January 2026, so I did.
They have then last week offered us a formal lease extension of up to 36 months. However.
The monthly cost rises from 292 per month to 999 a month (that is not a typo- nine hundred and ninety nine pounds!!!!), which I have of course declined.
My query is, what happens if I simply ignore their request to book the car in for collection?
On a sample size of one, friend of mine did this with another leasing company and simply carried on making his monthly payments, keeping to the annual milage allowance and servicing schedule.
After a few years he handed it back- no drama whatsoever.
Realistically, are there any ramifications or pitfalls to doing this?
Any experience and advice in this area gratefully received. TIA.
We have a car on lease via Leasys.
It was due up this month and at time of enquiring the longest informal extension they would give us was until January 2026, so I did.
They have then last week offered us a formal lease extension of up to 36 months. However.
The monthly cost rises from 292 per month to 999 a month (that is not a typo- nine hundred and ninety nine pounds!!!!), which I have of course declined.
My query is, what happens if I simply ignore their request to book the car in for collection?
On a sample size of one, friend of mine did this with another leasing company and simply carried on making his monthly payments, keeping to the annual milage allowance and servicing schedule.
After a few years he handed it back- no drama whatsoever.
Realistically, are there any ramifications or pitfalls to doing this?
Any experience and advice in this area gratefully received. TIA.
Thank you for the reply- I think from memory his car was supplied via Mitsubishi and the leasing company at the time regarded it as an informal extension in that he was paying month on month- Mitsubishi didn't appear to interested either way. He kept getting a monthly invoice from the leasing company showing out of contract and he simply carried in paying it. This was over 5 years ago mind, so may not apply now.
Given they've told you that an extension will be £999 a month if you continue to keep the car into what would have been the extension period they will take that as tacit acceptance of the terms as provided to you and charge you £999 a month. TBH £999 sounds like a "saying no without saying no" offer.
If you don't pay it they'll treat it like any other unpaid debt and you won't have a leg to stand on.
In any case this will all be covered in your original lease paperwork.
If you don't pay it they'll treat it like any other unpaid debt and you won't have a leg to stand on.
In any case this will all be covered in your original lease paperwork.
Edited by GeniusOfLove on Monday 13th October 23:04
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