There are sometimes extra fees and costs involved in leasing a car. Your agreement may include:
- An initial payment is usually equal to 3, 6 or 9-months of payments
- Administration fees, which are capped at £250 when leasing through Auto Trader
- Late payment fees
- Excess mileage fees (sometimes per mile). If you go over what was agreed at the start of your lease.
- Repair fees on anything over ‘fair wear and tear’ are to be paid at the end of the lease
Also remember that prices listed don’t always include VAT, which you’ll have to pay unless you are a VAT-registered business.
Learn more about extra fees and costs involved in leasing a car