MILEAGE ALLOWANCE LEASE CARS

[mrsimorris]

Hi
Have terminated the lease early due to company car and private purchase so do not need a third car. Paid the lease to end of agreement so would I not get the benefit of the mileage being calculated to end of agreement. They are only crediting me with 17,000 as opposed to the full 24,000 and my argument is I might as well have paid it monthly and kept it on my driveway till the lease ended. I feel I am being ripped off by Audi Financial Services.

[alorotom]

If terminating early I personally would have expected a pro-rata mileage allowance - otherwise whats to stop someone taking one, using it as a taxi for 3-4mths and then handing it back with mileage as expected at 3yrs (and paying the VT cost)?

It will have been explicit in the T&Cs and all lenders will likely adopt the same approach, Id be shocked if any would allow a full mileage quota on an early VT

[Brynjaminjones]

alorotom said:

If terminating early I personally would have expected a pro-rata mileage allowance

I'd have expected that too if payment wasn't paid until the end, but surely the OP should be given the full mileage allowance as he's paid until the end of the agreement?

[Sheepshanks]

mrsimorris said:

Paid the lease to end of agreement ....

Was it the full amount as if the lease had run to the end, or was is the usual VWFS 55% rate?

[kambites]

Why not just keep the car to the end of the agreement, if you've already paid the full lease? It sounds like you gain nothing by handing it back.

[ging84]

If you hand it back at the end of the term with lower millage than you agreed you don't normally get a credit, so it sound like you will be a little better off returning it early but not much.

You can normally ask for a settlement figure to buy out the car, and if you dont have access to enough cash to cover it car buying places are used to sorting this sort of thing out.
You'd probably still have to put some money in, but if you've got a reasonably long time left on your lease and the residual isn't terrible it should work out less than paying the full term.

[jonwm]

I'm in the same position OP, about to hand my Cupra back early (September 18 due back) and I have assumed that they will prorata the mileage allowance, also my payment comes out the 28th so today made my payment if I terminate tomorrow its the same cost as terminating on the 25th so its sitting on my drive going nowhere till then just so I feel like i've got my moneys worth