RAV4 near end of lease...

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Wed 29 Jun 2005 13:24
RAV4 near end of lease... - Andy123456
I have leased from new a '52 Toyota RAV4 VX D4D (now 19000 miles).

The lease is up at the end of August and I'm wondering whether to buy it from them - what would a fair price be for it?

Also the car has accumulated a couple of scratches (not to metal) and other blemishes:-
How fussy can I expect the lease co. to be once they collect (assuming I don't buy)? Will I be billed for "tarting it up" to maximise their profit at resale?

In other words - What's "fair wear and tear" for a 3yr old car and would I be better off attending to these things before they come to collect?
If so any recommendations as to who to approach (West Yorks).

Thanks in advance
Andy
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Wed 29 Jun 2005 13:29
RAV4 near end of lease... - mare
I have leased from new a '52 Toyota RAV4 VX D4D
(now 19000 miles).


Glass' Guide via the Vauxhall Site gives these Part Ex values.

Excellent condition:
£14000

Average condition:
£12450

Below average condition:
£10700

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Wed 29 Jun 2005 13:33
RAV4 near end of lease... - daveyjp
If the lease system is like our PCP about 3 months before it ended we received a load of info on what was deemed to be acceptable wear and tear. Our smart had the usual scuffs and stone chips you expect after 2 years, but I spent half a day cleaning it very well inside and out (inlcuding the cabrio roof liner which being light grey was a pig of a job). It must have done the trick as the car was accpeted with no faults noted.
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Wed 29 Jun 2005 13:32
RAV4 near end of lease... - blue_haddock
It's a nice spec car and depending on colour and the extent of the damages i'd say 13k is about the PX value and as a private sale your looking at about 14k.

Without seeing the damage it's hard to say if they would charge you, it also depends on which lease firm - some are more forgiving than others.
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Wed 29 Jun 2005 13:46
RAV4 near end of lease... - Happy Blue!
Also depends on your agreed mileage.

If you agreed 12,000miles pa (36,000 miles over three years) and you have done only 19,000 miles there is a lot of extra profit in the car for the leasing company. So if you don't want to buy it, give it a good clean and hand it back.

Any comments from them about condition then tell them to give you back the extra profit less the repair costs.
--
Espada III - well if you have a family and need a Lamborghini, what else do you drive?
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If you cover no more than 100 miles per day and have easy access to a charging point at home or work, then an EV is ideal for you.

Is an electric car right for me?