Contract extensions

Question 1

Can I return my vehicle early once I've entered a formal extension?

LeasePlan · Accepted Answer

You can do this but do be aware that this will incur an early termination fee.

Question 2

I'm over my mileage allowance on my existing contract, can I adjust my mileage in the extension so I don't get an excess mileage charge?

LeasePlan · Accepted Answer

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.

Question 3

Is it cheaper to extend my contract rather than leasing a new vehicle?

LeasePlan · Accepted Answer

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.

Question 4

What are the benefits of formally extending?

LeasePlan · Accepted Answer

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.

Question 5

Why will my monthly fee change if I extend my contract?

LeasePlan · Accepted Answer

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

How can we help?

Frequently Asked Questions

End of Contract

Accidents, damage & theft

Ayvens Launch

Breakdown

Contract & documents

Customer Due Dilligence

Driving Electric

End of Contract

Fuel & charging

Invoices & payments

Maintain the vehicle

My LeasePlan login support

Order and delivery

Permits, fines & cherished plates

Support

Contract extensions

Contract changes

Contract extensions

End of contract charges

End of contract options

Return your vehicle

What happens if the account holder passes away?

Order a new vehicle

Get In Touch

Call your DriverLine on 0345 250 0000

Email us