How Covid-19 affects your car lease

Covid-19 Advice
Paul Parkinson Synergy Car Leasing
Paul Parkinson, CEO Synergy Car Leasing

Weeks into the coronavirus pandemic and people across the globe are still trying to adapt to the crisis. Paul Parkinson, CEO of Synergy Car Leasing provided Business Leader with some help and advice for furloughed workers, businesses and any individuals who have an active or pending lease agreement.

What if I am unable to make my lease payments?

If you have any concerns regarding continuing your payments, please speak to your finance provider directly.  They will be able to discuss your individual situation and requirements with you.

At this challenging time, we understand that some finance providers are taking an extended amount of time to answer their phones and respond to emails.  Finance companies are regularly updating their websites with the latest Covid-19 support, information and contact details.

My service and/or my MOT is due on my current lease vehicle, do I need to have it serviced/an MOT?

MOTs are being extended for 6 months, and many garages are only undertaking critical repairs.  Garages also need to adhere to social distancing and increased hygiene measures when the car is dropped at the garage and when it is collected.  It is unlikely you will be able to wait in the garage for any repairs to be completed.

If your car is due for a service, we suggest you check with your finance provider if they require the service to be done or if they are happy to wait.

If you are a key worker and your car requires servicing or critical repairs, please inform your finance provider and ask for assistance.

I have an end-of-contract car which is due for collection, when will my car be collected?

Due to the Prime Minister’s announcement on 23rd March to restrict non-essential travel, we anticipate that end-of-contract cars which are due for collection will not be collected from 24.3.20 to 14.4.20.

This, again, is for your safety and our suppliers’ safety in respect of social distancing rules.

We recommend maintaining adequate insurance cover for your vehicle until normal collections can be resumed.

Any concerns regarding your current lease payment, please contact your finance provider directly.

Can I lease a brand new car during the Coronavirus epidemic?

Yes. We still have stock vehicles and the ability to place factory orders, however, at this time,  we are unable to confirm delivery timescales.

Can my new lease vehicle be delivered safely to my door?

At the current time, we are unable to deliver vehicles due to the UK government’s restrictions on non-essential travel and social distancing.

Will the order of my new lease vehicle be delayed?

The automotive market is one of the world’s most connected supply chains, and some factories around the world are halting production for a few weeks to protect their staff.  In addition, with travel restrictions across international borders and in the UK, it is likely that there may be some delay to vehicle orders.

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4 Comments

  1. Please could you comment on lease agreements made before the lockdown with cars not yet delivered? If the due date was missed by the lease company, can we now cancel the agreement as we obviously don’t need a car we cannot drive?

    1. I was also searching for an answer to that question. I have signed an agreement in February and my new car was due to be delivered end of March, which didn’t happen due to Lockdown. I have missed the 14 day cooling off period as per the contract and the question is would there be penalties if I decide to cancel my order now.

  2. Same here . Ordered a car in March , delivery was for end of June and now they say end of August . Just wondering if I can cancel

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