What should you keep in mind before returning the car?
Customers of Gowago who are looking for information about what happens at the end of their lease should read What happens at the end of the lease?
At the end of a leasing contract, customers can return the vehicle to the leasing company. The leasing company will then conduct a detailed examination of the car in order to ensure the lease terms have been kept.
First, the car’s mileage is checked. In the context of the contract, an annual kilometre allowance was agreed upon. If the car’s mileage is above the limit stipulated in the contract, the customer will need to pay a fee for each kilometre above the limit. The amount to be paid depends on the leasing company’s terms and conditions. These fees are compensation for the decreased value because with every kilometre, the car is subject to more wear and tear, which adds to the depreciation and reduces the car’s resale value.
Secondly, the car will be checked for excessive damage and its mechanical conditions. These checks serve to ensure the car’s value is still in line with the residual value. Excessive damage or mechanical issues grounded in misuse will need to be repaired, and the costs will be carried by the customer. Hence, it is vital that the customer treats the car well and repairs any excessive before returning the car.
Learn more about what is considered to be acceptable damage for gowago.ch in our blog checklist: Returning Your Car After the Lease