Average leaser stung with £250 fair wear and tear bill, study finds
By Kyle Linsay
Tuesday, November 5, 2013 - 16:30
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.