I know there was chat recently about the limit being made a hard 3 years and no more flexibility with extending it 2 more if you wanted; however, it made me wonder why this actually was. I know it is nice to have the choice of getting something different at the 3 year mark, but do we know why they selected 3 years? I know the MOT needs to be done at this point, but I don’t see any good reason why it has to be a hard cut off? If they allowed 4 years, then what does that do for the resale price of that car? What about the selling of the car. At the end of the lease, I believe the car goes to some auction; however, they often will never get the highest price they can for it. Surely, they know how much they paid for the vehicle, how much they got in PIP payments and how much the AP was so they know how much they need to make to be profitable, so why can’t they just give us a price at the end of the agreement to see if we WANT to buy the car in the end? Sure, not many will choose this as they can’t afford to spend that sort of money, but some can and want to, but now it is not possible.
do you know how rules work?