This talk of lease extensions not being good value for money I really don’t understand. I only look at the value from a customers perspective.
Every time I look at private lease deals the 3, 4 and 5 year options are very similar in price.
We are all on the Scheme because it offers us either the best value, it is the most convenient or both.
If the option to extending your lease is buying new, buying second hand at massively inflated prices or choosing a new vehicle from the existing list. I think that an extension is a great option and makes financial sense.