End Of Contract Information

Here's an overview of what typically happens at the end of one of our vehicle contract hire agreements:

1. End-of-Term Options

The contract hire agreement usually outlines various options available to the lessee at the end of the lease term. Common options include returning the vehicle, purchasing it outright, or entering into a new lease agreement. We pride ourselves on flexibility, so please contact us to discuss the right arrangement for you.

2. Vehicle Inspection

Before returning the vehicle, the lessee is often required to undergo an end-of-lease inspection. This inspection is conducted to assess the condition of the vehicle in terms of wear and tear. Lessees are typically responsible for any excessive wear and tear or mileage beyond the agreed-upon limit. Please find our handy checklist below.

3. Excess Mileage Charges

If the lessee has exceeded the mileage limit stipulated in the lease agreement, they may be subject to excess mileage charges. These charges are predetermined in the contract and can vary depending on the leasing company. These end-of-contract charges can be limited by adjusting the mileage mid-contract and therefore spreading the cost over the remainder of the term.

4. Purchase Option

If the lessee is interested in keeping the vehicle, they may have the option to purchase it at the end of the lease term. The purchase price is often predetermined in the contract or based on the vehicle's residual value.

5. Vehicle Return

If the lessee decides not to purchase the vehicle, they are required to return it to SMC in good condition, considering normal wear and tear. The lessee may need to schedule the return in advance and adhere to any specific return procedures outlined in the agreement.

6. Settlement of Outstanding Charges

Before the end of the agreement, the lessee is required to settle any outstanding charges, including excess mileage fees, wear and tear charges and any other outstanding fees incurred during the contract period.

7. Transition to a New Agreement (if applicable)

If the lessee wishes to continue leasing a vehicle, they can explore options for entering into a new contract hire agreement with us.
It's important for both parties to carefully review the terms and conditions of the contract to ensure a smooth transition at the end of the lease term. Communication between the lessee and SMC is key to addressing any questions or concerns and facilitating a successful conclusion to the vehicle contract hire agreement.

When returning your lease vehicle, the vehicle should:

Be legal and roadworthy

Be free from damage, in line with the BVRLA guide

Have a current MOT

Include all of the equipment that was originally supplied with it (parcel shelf, locking wheel nuts, tools etc..)

Be accompanied by keys, including spare keys

Have been serviced in line with the manufacturer’s requirements

Have its fully stamped service book and any manuals

Be clean and emptied of any personal effects

Need more info?

Get in touch with one of our friendly team members todays.

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What Our Customers Say

28 March 2023

The Cowdray Estate have been using Southern Motor Contracts for a number of years. They provide us with an exceptional service, in regard to our Vehicle Leasing and Hire needs. We are very impressed with the professionalism and efficiency demonstrated by your whole team. The range of vehicles we are offered by SMC is extensive, which caters for all our personal preferences and needs, from a basic service vehicle to a top of the specification Range Rover. Together with the exemplary customer service which reflects SMC’s commitment to quality and aftercare maintenance, an aspect that truly sets SMC apart from its competitors. We can confidently recommend Southern Motor Contracts services as a hassle free, cost effective and reliable company in vehicle leasing solutions.

Peppi Cella, Estate Manager, Cowdray Estate

12 July 2023

We have relied upon Southern Motor Contracts to provide flexible, cost-effective solutions to our Car and Van needs since 2006. Their customer centered approach makes them a trusted and valued supplier of over 100 vehicles to the Day Group.

Chris Cooling, Group Transport Manager, Day Group Limited

21 September 2023

We have been working with SMC for the last 5 years and has been a pleasure, the team are friendly and experienced. Tracy has been incredible turning our fleet around, we went from an aging fleet to brand new fleet where all the maintenance is taken care of. Their ‘one stop shop’ approach has taken the hassle out of fleet management for us. Highly recommended!

Joanna Karikos, Head of QHSE, Aurora

21 September 2023

Our company is very impressed with the service that we receive from SMC. The team are very friendly, helpful and efficient. We would therefore recommend SMC to anyone looking for help to run their fleet vehicle administration.

Lesley Alexander, PA to Chairman, Carmel Group Limited

29 February 2024

SMC provide us with an excellent and comprehensive fleet management service. They ensure that our fleet of over 100 vehicles are managed and well maintained to meet the ever changing and demanding needs of our business. SMC are innovative, reliable and above all trustworthy. I have no hesitation in recommending their services to others.

Richard Cooper, Group Executive Manager, Comserv UK Ltd

27 March 2024

We have used Southern Motor Contracts Ltd for a number of years for sourcing and supplying our Company vehicles. SMC have always provided us with an excellent service by listening to our needs and we love that they find what we want. Everyone we deal with at SMC is always very professional and their response is second to none. We would highly recommend that you give them a try.

Heather Lunt, Finance Controller / HR & Payroll M Spur Electron

28 March 2024

As one of the world's largest producers of quality wood flooring, with a proud heritage dating back to 1847, it is vital that the partners we work with are able to match our high standards for quality and professionalism. Working with Southern Motor Contracts has been a revelation; their ability to understand our requirements, manage our vehicles and build in the flexibility to change and grow our company fleet has enabled us to concentrate our efforts on developing the business rather than spending time and effort on non-productive activities. With their attention to detail, pleasant attitude and customer focus, I would have no hesitation at all in recommending SMC to other companies and individuals

Harvey Booth, Country Manager, UK & IE Kährs (UK) Ltd

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End Of Contract Information

1. End-of-Term Options

2. Vehicle Inspection

3. Excess Mileage Charges

4. Purchase Option

5. Vehicle Return

6. Settlement of Outstanding Charges

7. Transition to a New Agreement (if applicable)

Need more info?

What Our Customers Say

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