How to not lose your leaseback car

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Published: Monday, 26 February 2018 13:12

 

This is a good time to remind everyone with leaseback cars that if you sign a leaseback agreement, it means you have to comply with your part of the bargain.  It’s a contractual arrangement, you have to allow the fees to be collected, you might have to wash the car, you will need to look after it as if it’s your own, you will have to avoid motorsport, and you will also have to report any damage to the people running the fleet.  Usually a leaseback agreement requires all damage to be reported and some require “all damage, no matter how minor”.

Make sure you do.  If you don’t, it’s breaching a condition of the lease and you can be absolutely certain that there will be another provision in the lease in which breaches of the provisions may see the end of your car.  One day, someone will get you.

If you turn up to report some damage, and the people running the fleet tell you not to bother, make sure you get that advice from them in writing.  Just for later.
 
If the car has been repaired and you go to pick it up and don’t think it’s been repaired properly, don’t accept it or make sure you properly document with those who accepted it back from the panel beater those things that have not been done properly, so you don’t get blamed later.

If you have a leaseback agreement, read it so you understand it.

We spend a lot of our time arguing about fleet management and leaseback arrangements with councils but leaseback arrangements continue dependent upon those people with the Council cars not abusing the arrangement.  Just saying...