Frequently asked questions
We would like to keep you on the move. Anytime. Anywhere.
You can do this but do be aware that this will incur an early termination fee.
Yes, you will have an opportunity to address this by increasing your mileage allowance, but there is a chance it would be cheaper to just pay the excess mileage rather than the revised monthly payment we'd offer you if the mileage allowance for the extension was high.
Please review what your pence per mile is and work out what your excess mileage would be before committing to a contract extension if this is the reason you are considering an extension. If you need support on working this out, contact us by clicking on the orange icon down below.
Many people assume it's cheaper to extend a contract, but this might not be the case. For example, one of the risks LeasePlan take on in a contract term is what the vehicle is worth at the end when we sell it. If this value has gone down, we might actually end up charging more in an extension as we'd take into account any market changes for our new pricing for the vehicle. It may also be that what you need in a vehicle has changed and you may be able to consider a broader range of vehicles than you could previously. We strongly advise that you take a look at the current leasing offers available to make sure you get the best deal rather than assuming an extension is the best option. Please contact your broker for more information.
You are able to keep your vehicle for an additional 6 or 12 months, with the continued use of any maintenance packages in a vehicle that is reliable whilst maintaining your relationship with your broker and leasing provider.
Pricing might change when extending a contract hire agreement due to factors such as updated vehicle depreciation, alterations in interest rates, changes in mileage allowance, or adjustments in additional services. Depending on the market conditions, the new rental could be higher or lower