Early lease termination T&Cs

[TheDrownedApe]

Lease company have said that if i hand the car back 2 months early i will be charged "an amount"

"To summarise, if you were to hand the vehicle back 2 months early, you would be required to pay the actual early termination fee which is generated by a calculator but as explained above, we would only be able to retrieve the quote one month prior".

My company have said "leave 2 months early = 2 months worth of payments".

I'm saying no fees as the T&Cs don't mention anything under 3 months.

Here is the only section pertaining to exit fees:




I want to end my lease in about Fed 26 so i can start a new one at the, hopefully, end of year EV fire sale (to meet the Gov targets). It will cost me about £1300 if i pay the 2 months. Clearly i want to avoid that and feel the T&Cs are woolly enough to back up my case.

What's the general conscious?

[2020vision]

You want to pass on the cost of your convenience to the lease company.
They will charge you the 2 months for that I figure.

[Theoldguard]

Final 6 months =3 months of payments

Anything less than 3 months will be the actual amount.

I.e If you exit with 1 month left it's 1 month of charges

That's how I read it,

I was charged 50% payments when I terminated 2 months early.

[sneezer212]

These salary sacrifice/lease deals are a horrible way of making it difficult to change jobs. You get a 2 year lease, offered a better job elsewhere a few months later and they want a 12 month penalty payment on the car. Right.

[paul_c123]

TheDrownedApe said:

I'm saying no fees as the T&Cs don't mention anything under 3 months.

[quote]Final 6 months

Seems clear enough for me.

Edited by paul_c123 on Thursday 3rd July 13:11

[MustangGT]

Theoldguard said:

Final 6 months =3 months of payments

Anything less than 3 months will be the actual amount.

I.e If you exit with 1 month left it's 1 month of charges

That's how I read it,

I was charged 50% payments when I terminated 2 months early.

This, very clear to me.

[DP14]

Paragraph 1 says "If you leave Babcock...". Are you leaving?

If not, then Paragraph 2 says "We don't anticipate any requirement for early termination other than leaving...but if you do want to exit due to extenuating circumstances...". Do you have an extenuating circumstance?