Your initial rental can be as little as 1 monthly rental in advance. The higher the initial rental amount, the lower the cost of each subsequent monthly rental. Most customers pay an equivalent of 3 monthly rentals in advance, but further increasing the initial rental amount is a good way of achieving a certain monthly budget.
Your monthly rentals are determined by the vehicle type, initial rental amount, contract term and mileage allowance. Contract terms run from 24 months to 60 months. Generally the longer the contract term, the lower the monthly rentals.
At the end of the contract you have 3 options:
1. You can hand the vehicle back (Collection is free from any UK mainland address)
2. You can purchase the vehicle for the price agreed at the start of the contract
3. Either sell the vehicle privately or allow Yorkshire Fleet to sell your vehicle on the open market, which could potentially release any equity in the vehicle for form part of your deposit for a replacement vehicle.
Your Yorkshire Fleet account manager will contact you 6 months prior to the contract end date to discuss your requirements. If you require a replacement vehicle, we will coordinate the collection of your current vehicle to correspond with the delivery of your new one.
