What happens in the event that I need to terminate the leasing contract?
In the event that you wish to return the vehicle prior to the minimum leasing period, there will be a termination charge. This has to be calculated as required and can vary between 50% and 100% of the outstanding payments, based on the true depreciation of a particular vehicle. Typically, we find that customers can expect the termination charge to be no more than 50% of outstanding payments, particularly if the minimum lease period is more than 1 year away.
Please note that if you default on your monthly payments, this will be noted on your credit file and may affect your ability to obtain credit facilities in the future.