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Average leaser stung with £250 fair wear and tear bill, study finds

By Kyle Linsay
Tuesday, November 5, 2013 - 16:30

Comments (1)
Money

STUNG: £19million spent on end-of-term charges

Vmoves are calling for a national inspection training standard after a study showed car leasers are being stung for an average of £253 in end-of-lease fair wear and tear charges.

Studying 76,000 end-of-car leasing contract inspections, Vmoves identified £19millon has been spent on fair wear and tear charges over the past five years.

Sandra Ogden, Managing Director of Vmoves, claimed a national inspection training standard could improve the consistency of end of life damage recharging.

“The fair wear and tear standards set by the BVRLA are very clear, but we believe the consistency and quality of vehicle inspections across the industry still varies greatly,” she said.

“There will always be variables such as weather and light conditions that inspectors have to contend with, but we believe the process and approach to inspections could be more consistent through improved training.”

Ms Ogden added she is supportive of a new national training inspection standard which is being developed by Paul Vellen, ex-Managing Director of Johnson Vellen.

His company’s ultimate aim is to achieve a BSi vehicle inspection standard within the next 12months.

“We have had initial conversations with Vellen and what he is proposing will benefit inspection companies, inspectors and asset owners alike,” added Ms Ogden.

Image courtesy of Images of Money, with thanks.

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Comments

The comments are closed.

  • Andy York says...November 7, 2013 (13:41)

    I think the BVRLA system is flawed.

    We had a car on lease for 3 years, then extended the lease for a further year. During this time the car covered 120,000 miles, so the wear and tear will be greater on this car than of one 3 years old with 30,000 miles.

    There should be a sliding scale for the higher mileage cars.

    It also wasn’t made clear to us, as this was the first car we leased we would have to pay anything back, when the inspector came, he checked the car and asked us to sign his PDA, he didn’t explain that by signing this we agreed to his examination.

    I believe firms are using this “fair wear and tear” as an excuse to raise money, i asked our lease company at the time for evidence the repairs they said were needed had been carried out, i never received any evidence despite countless emails and phonecalls. How can the industry be sure that the money being charged is actually being spent on the repairs, not going into their coffers??

    Needless to say, the next cars that go back i will be a lot more ruthless and not sign anything until it has been fully explained and i agree with what they are saying.