Getting out of a Lease/Contract Hire.

#1 by kiko , Sun Mar 31, 2013 2:03 pm

Hey guys,
Anyone ever swapped or taken over a lease?
I would like to downsize for an older model and put the extra cash to into a house build. Ive herd of companies who can match you up with a potential swap.
Anyone ever herd of that.


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RE: Getting out of a Lease/Contract Hire.

#2 by RPG , Sun Mar 31, 2013 3:26 pm

Hiya mate. Firstly are you on CH or lease? Is it a business lease or personal? I have had machinery on both and 'bought out' Contract hire there is usually a penalty for early release from the contract. These vary from12 months rental to entire remaining rental.


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RE: Getting out of a Lease/Contract Hire.

#3 by LezT , Sun Mar 31, 2013 4:02 pm

When I had my 56 plate Classic Trojan on lease hire the price for keeping it on after the contract ran out went UP by over £100 per month.. I wouldn't go anywhere near leasing now.



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RE: Getting out of a Lease/Contract Hire.

#4 by Basil , Sun Mar 31, 2013 4:11 pm

one of the reasons I`ve just paid cash for the truck, although I could have done with it elsewhere, was the leases are tied up pretty tight these days - you`ll need to google that question then trawl through the various companies to find one that may entertain what you want to do. Be wary of one that will, as its likely to be a smaller company and you may not get exactly what you want and it may cost you as many £££ as RPG is suggesting, which defeats the object in your case.


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RE: Getting out of a Lease/Contract Hire.

#5 by kiko , Sun Mar 31, 2013 4:35 pm

Its CH, Business. Barbarian Auto £320 p/m dont want to buying it out (if that option was available) prob be silly money.
only had it 6 months 3500k an opportunity has came up unexpected and Im wondering what /if any o options.
cheers.


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Last edited 03.31.2013 | Top

RE: Getting out of a Lease/Contract Hire.

#6 by Basil , Sun Mar 31, 2013 4:38 pm

if you`ve only had it six months, I fear you`ve had it mate - having said that why do these opportunities always come on a bank holiday? You need to ring the CH company on tuesday, and get the full sp.


2007, Y plate 4life,
2010, 55 plate L200 4work++
March 2013, 11 plate Barbarian. Wrapped, OME all round, remapped to 210, straight piped 2.5" SS.


 
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RE: Getting out of a Lease/Contract Hire.

#7 by Discodaz , Sun Mar 31, 2013 4:44 pm

Was the lease signed up at the company or your own home? Reason i ask is i know someone who wanted out of theirs.the hire company said no as it was way past cooling off period.he was smart enough to quote its not legally binding if signed for on customers premisses..he got out of that.

That said this was quite a few years ago now,things could have changed

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RE: Getting out of a Lease/Contract Hire.

#8 by kiko , Sun Mar 31, 2013 5:50 pm

Quote: Basil wrote in post #6
if you`ve only had it six months, I fear you`ve had it mate - having said that why do these opportunities always come on a bank holiday? You need to ring the CH company on tuesday, and get the full sp.

Really no rush, I work from home and a larger house with large shed/ workshop has come up for sale locally. Trying to think of ways to get the extra cash to get me hands on it swapping/getting rid of lease is a gud start.


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Posts: 5
Date registered 03.15.2013


RE: Getting out of a Lease/Contract Hire.

#9 by kiko , Sun Mar 31, 2013 6:03 pm

Just came across this crowd.. havnt studied it yet but i did notice £39.99p/m hmmmm
can i add a link on here.
http://www.swap-a-lease.co.uk/


kiko  
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Date registered 03.15.2013


RE: Getting out of a Lease/Contract Hire.

#10 by Basil , Sun Mar 31, 2013 6:51 pm

hmm, that sounds ok, £39.99 plus two months success fee = £650 - but you`ll need to investigate the small print on your contract hire Kiko, you know this anyhoo, I`ll shutup noo


2007, Y plate 4life,
2010, 55 plate L200 4work++
March 2013, 11 plate Barbarian. Wrapped, OME all round, remapped to 210, straight piped 2.5" SS.


 
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RE: Getting out of a Lease/Contract Hire.

#11 by kiko , Sun Mar 31, 2013 7:01 pm

aye basil, il have to get all paperwork out and have a wee look, see where im at.
Of course I thought it was going to run its full term so this situ never even crossed my mind.
ta


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Date registered 03.15.2013


   

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