Reply To: Lease Extension Question

#276127
Glos Guy
Participant

    I do wonder that given our lease agreement says we can extend for a further 2 years a this has been granted because of this. Without digging out an checking I wonder if it mentions about the option to also buy the vehicle too as if it does it would be the same situation they would have to agree to selling as both party’s would need to agree to the amended right

    As for the lease extension, I was originally told that we couldn’t extend beyond 6 months, even though the lease says that we can, as we didn’t meet the new criteria. The online renewal tool wouldn’t let me extend for 2 years either, so even though it’s mentioned in old leases they won’t agree to it unless you challenge it (unless of course you meet the new criteria, in which case it’s easier).

    As for buying at lease end, I don’t believe that option has ever been in the lease agreement, so would not be contractual, it would be discretionary. On that basis there’s no variation of contract. I haven’t tested this though, as I’ve always asked for a price to buy at lease end and, without exception, the price has always been too high. I could have always done better buying privately and have the benefit of a warranty, which you don’t get if you buy from Motability. Just because the car has served you faultlessly (as our current BMW has) is no guarantee that a major repair won’t be 6 months down the line!