Glossary

End of contract charges

End of Contract Changes is defined as the repairs and refurbishment needed to bring the vehicle back to a “reasonable” condition for age and mileage at end of lease. It is unrealistic for lessors to expect back a vehicle in showroom condition, and hence the industry term of “fair wear and tear”. The British Vehicle Rental and Leasing Association (BVRLA) publish clear guidelines as to what should be regarded as fair. Excess mileage charges may also apply.