Returning a leased vehicle involves more than just handing over the keys. Finance companies expect the van to be in a reasonable condition, relative to its age and mileage. This is known as fair wear and tear. To simplify the return process and avoid unexpected charges, it’s vital to understand what fair wear and tear means and how it applies to your leased van.
Fair wear and tear describes the normal deterioration of your vehicle during regular use over the lease period. It doesn’t cover damage resulting from accidents, neglect or misuse.
Van lease agreements typically outline specific criteria for fair wear and tear and detail acceptable levels. We’ll discuss this in more detail later in the guide.