hawk20
MB Enthusiast
Yes they do allow for some reasonable wear and tear. See the link I gave above to the other thread which gives a link to the BVLRA accepted standards.
This link may help: -
http://www.clean-image.co.uk/leasing/bvrla-guide.htm
This link may help: -
http://www.clean-image.co.uk/leasing/bvrla-guide.htm
OP
OP
Simon_M
MB Enthusiast
Do you work for clean image? You must have posted that link about a thousand times!
The trouble is they are guidelines, everything is open to interpretation and nothing is black and white.
Also of interest is when you sign the finance agreement the clause states 'fair wear and tear' and it is only at a later stage that the Vehicle Return Standards document is sent to you.
Simon
The trouble is they are guidelines, everything is open to interpretation and nothing is black and white.
Also of interest is when you sign the finance agreement the clause states 'fair wear and tear' and it is only at a later stage that the Vehicle Return Standards document is sent to you.
Simon
- Joined
- Mar 12, 2005
- Messages
- 7,612
- Location
- Cheshire, UK
- Car
- C270CDi Estate (late 2004 facelift model) - Bought 2005, Sold 2022.
Does MB adhere to the BVRLA standards?
If you did not agree to the "Vehicle Return Standards" at the time you signed the lease, you are not bound by it. It is merely MB's interpretation of the "fair wear and tear", which can be challenged.
OP
OP
Simon_M
MB Enthusiast
Exactamundo my friend!
hawk20
MB Enthusiast
I understand your annoyance but that is the first time I have posted that link on this thread and it is directly relevant to the point that C240Sports97 was making. It is also the only place I know that supplies the BVLRA guide free rather than charging £10 which I thought might be useful to some.
lextalionis
New Member
- Joined
- Jul 21, 2010
- Messages
- 10
I might suggest that when you consider future finance deals that a Conditional Sale Agreement regulated under he Consumer Credit Act 1974 (CCA 1974) might be more beneficial rather than the apparent Lease Purchase / Contract Hire agreements that dealers ease customers into – worst of all with over mileage charges and a large balloon payment at the end which out ways the residue value of the vehicle.
Under Section 99 of the CCA 1974 you return the vehicle to the finance company after paying half the total (under Section 100 ibidem) and as long as you have taken reasonable care – no more to pay. They do try and charge you for allsorts of dinks and bits but which are easily defeated upon challenge notwithstanding the BVRLA guidelines that they often cite – although I would suggest that said guidelines are predominantly for short term hire vehicles but, in any event, I opine are specifically excluded under a Conditional Sale Agreement but might be applicable to an Hire Purchase Agreement.
In short; I would suggest that you never ever under any circumstances finance a rusting piece of tin with your own money (No deposit other than say the RFL) and when using a finance companies money by way of a CS or HP Agreement always Voluntarily Terminate (VT) the contract at the half and let them swallow the depreciation when they send it to the block – it’s always less than the settlement figure and you could always buy it back from auction for less as you know who the previous owner was.
That’s why the British Motor Finance Associations have been lobbying for years to get VTs disallowed under the CCA 1974 and the subsequent CCA 2006. Obviously they have failed as the clue is in the title of the statutory provisions: “CONSUMER PROTECTION”, not protection for venal grasping finance companies.
Hope this is of interest – it’s provided pro bono and without any reliance as promulgated
If you need to know anymore; ask that Renault12ts guy – he appears to know everything.
Under Section 99 of the CCA 1974 you return the vehicle to the finance company after paying half the total (under Section 100 ibidem) and as long as you have taken reasonable care – no more to pay. They do try and charge you for allsorts of dinks and bits but which are easily defeated upon challenge notwithstanding the BVRLA guidelines that they often cite – although I would suggest that said guidelines are predominantly for short term hire vehicles but, in any event, I opine are specifically excluded under a Conditional Sale Agreement but might be applicable to an Hire Purchase Agreement.
In short; I would suggest that you never ever under any circumstances finance a rusting piece of tin with your own money (No deposit other than say the RFL) and when using a finance companies money by way of a CS or HP Agreement always Voluntarily Terminate (VT) the contract at the half and let them swallow the depreciation when they send it to the block – it’s always less than the settlement figure and you could always buy it back from auction for less as you know who the previous owner was.
That’s why the British Motor Finance Associations have been lobbying for years to get VTs disallowed under the CCA 1974 and the subsequent CCA 2006. Obviously they have failed as the clue is in the title of the statutory provisions: “CONSUMER PROTECTION”, not protection for venal grasping finance companies.
Hope this is of interest – it’s provided pro bono and without any reliance as promulgated
If you need to know anymore; ask that Renault12ts guy – he appears to know everything.
hawk20
MB Enthusiast
For those who haven't come across it there is a very helpful video on returning cars on lease or PCP(Agilty) on the MB website under finance and then under existing customers.
Mercedes-Benz UK - Existing finance customers - Vehicle Return Standards
Mercedes-Benz UK - Existing finance customers - Vehicle Return Standards
