Vehicle leasing: what you see isn’t always what you get
Mark Anderson, Vehicle Finance Director at Academy Leasing gives you the 6 questions you should ask to ensure you’re leasing vehicles through a reputable broker.
Many small businesses have had their fingers burnt for not carrying out a little due diligence when signing up to a vehicle leasing broker.
Horror stories range from misleading headline prices that are reneged upon, stock vehicles promised but not made available for weeks on end, to deposits eagerly taken but not returned when deals go awry.
Great efforts have been made by the BVRLA (British Vehicle Rental and Leasing Association) over recent years to warn of the dangers of dealing with unknown or unaccredited brokers. Unfortunately, it is a relatively simple process for individuals to set up as car leasing ‘bedroom brokers’. And with the UK economy only now starting to drag itself out of the global financial malaise, desperate deals have regularly been struck by the unscrupulous who care nothing for a customer’s financial loss or who pay little heed to their future requirements.