Can a family member buy my leased car

Table of Contents Show

What happens at the end of a lease?
Should I buy my leased car?
Can leasing be better than buying?

Have you fallen in love with your lease vehicle? You might be wondering whether at the end your leasing agreement you could hold on to it for a bit longer.

It’s easy to fall in love with your lease car and not want to hand the keys back when your agreement finishes. Buying your car at the end your lease will not be an option written into the contract but can sometimes be possible depending on the circumstances and funder involved.

What happens at the end of a lease?

At the end your lease contract things couldn’t be simpler, you hand your keys back and then either walk away or choose a brand-new vehicle and fall in love all over again! Sometimes customers ask about either extending their lease agreement further or purchasing their lease car outright. Whilst this will usually not prove cost-effective, we understand it can sometimes be hard to let go. If that sounds like you, pick up the phone and have a chat with one of our expert account managers, they will be able to outline your options and find out what’s best for you. To discover more about the leasing process, including what happens at the end of a contract, read our helpful guide.

Should I buy my leased car?

Unlike some other arrangements, Personal Contract Hire and Business Contract Hire do not have the option to purchase the vehicle at the end of the agreement. This makes things even easier at the end your contract, all you have to do is hand the keys back, without the complications of residual values or balloon payments to worry about. Whilst it can sometimes in certain circumstances be possible to buy your lease car when the contract ends it rarely makes financial sense when compared to other options.

Can leasing be better than buying?

If you want to drive a brand new car every 2-3 years, or even just fancy getting behind the wheel of a car you love for the next few years, then leasing can often be the best option.

Cost effective

Because vehicles tend to be depreciating assets (they lose value over time) leasing a car rather than buying brand new can often prove great value for money over the course of the agreement.

Worry free

Choose a maintenance contract and be comfortable knowing that if anything goes wrong with your vehicle you can get it sorted quickly, easily and not have to pick up the bill.

Easy to budget

During the course of your leasing agreement all you have to do is pay one regular monthly payment. The amount never changes and you know the full costs up front, it couldn’t be easier!

No more dealers

When the time comes to say goodbye to your car there’s no messing around comparing part exchange deals or having private buyer tyre kickers visit your house at all hours. Simply hand back the keys to your car and choose a brand new vehicle you love.

Start your leasing journey today and find your next car with one of our fantastic offers.

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Can anyone else drive my vehicle?

We believe in providing flexibility for our customers, which means our vehicles can be driven by a wide range of people:

Business users
Company employees, employee’s spouses, partners and immediate family (children, siblings, parents etc.), as long as they meet the driver-eligibility criteria.
Personal users
The driver, their spouse or partner and immediate family (children, siblings, parents etc.), as long as they meet the driver-eligibility criteria.

Below is the Fuel & Go driver-eligibility criteria:

All drivers must be aged between 21-70.
They must be in possession of a full UK/EU driving licence that has been valid for at least 12 months.
Drivers must not have more than two own-fault claims in the past 24 months.
Anyone using the vehicle cannot have more than 6 points on their driving licence.
They must not have received a driving ban in the past 60 months.
Drivers must not have been advised to stop driving by a medical professional or the DVLA due to a medical condition.

What do you get with the Fuel & Go package?

Our Fuel & Go leasing service ensures you get all the cover you need for your leased vehicle. The key benefits of the package include:

Guaranteed Maintenance & Breakdown – access to a 48 hour relief vehicle if it can no longer be driven, or is left by the roadside.
Shortfall Protection – Help with finance arrangements if the vehicle is written off.
Accident Management – All accident claims are processed by a dedicated team.
Own Damage Protection – Repair cost related to accident, fire, theft and more are covered.
Glass Protection – Body glass and windscreen are covered.
MID updates – Regular and complete Motor Insurance Database updates.

All you have to do is add fuel and enjoy making the most of your leased vehicle.

What isn’t included in the Fuel & Go package?

At the moment Arval, the funder for our Fuel & Go package, doesn’t cover for personal injury for the named driver. Any passengers would be covered under ‘third party’ within the policy. Personal belongings are also not covered within the policy

What are the pros and cons of leasing vs buying?

Not only does leasing offer great flexibility and peace of mind, you won't be left with a vehicle facing negative equity when your contract is up. What's more, due to the financial flexibility, leasing often means you can drive a newer or higher spec car than you would have been able to afford if paying outright..

If you settle the contract early, you will be required to pay a termination fee.

If you exceed your agreed annual mileage allowance, you will be required to pay an excess-mileage fee.

At the end of your contract, you will be required to pay for any damage to the vehicle, with the exception of "fair wear-and-tear".

To learn more about the benefits of leasing, our guides section has more indepth articles.