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New Leasing Product Now Available: Lease a Pre-Owned Car

New Leasing Product Now Available: Lease a Pre-Owned Car

Rivervale is excited to have been chosen to pilot a brand-new re-lease scheme through one of our funding partners - Arval UK Ltd (part of the BNP Paribas French International Banking Group). This new scheme offers customers the chance to lease a pre-owned vehicle at a reduced monthly cost.

What is a re-lease?

After a customer has finished leasing a brand new vehicle on a Contract Hire Agreement, it is usually returned to the leasing company. From here vehicles are commonly sold via a vehicle auction. However, many of these vehicles are only 24 months old and in excellent condition, so Arval are going to offer these vehicles out for a second lease to a new customer.

What are the benefits of a re-lease?

The main benefit to customers will be a reduction in cost. Savings are on average 20% over the cost of leasing an equivalent brand new vehicle. This could mean that a customer may be able to lease a more prestigious vehicle that was previously out of their price range.

Please Contact for Information on Available Vehicles and Pricing

Re-lease vehicles will be physically available, so are in stock ready to go to the next driver. This means the waiting time for delivery of your re-lease vehicle may be as little as 2 weeks.

Contracts for leasing a brand new vehicle are commonly 24, 36 or 48 months. With a re-lease vehicle you can choose to commit to a shorter term of as little as 12 months.

“Rivervale is proud to be one of only 5 companies in the UK chosen by Arval to trial the new re-lease scheme. We believe it offers even more choice for our customers when deciding on their next vehicle and expect demand for re-lease vehicles to be high” – Simon Fuller, New Vehicle Director at Rivervale.

What condition will re-lease vehicles be in?

Knowing a vehicle has been used before it ends up on your driveway may create doubts for some customers. However, Arval guarantee every vehicle they select for the re-lease scheme will;

  • Have a maximum mileage of 30,000
  • Be 30 months old or less
  • Be in showroom condition relevant to age and mileage with photo's available
  • Be serviced for you if this falls due within the next 1 month or 1,000 miles
  • Arrive to you with a quarter of a tank of fuel
  • Will have a minimum tyre tread of 3mm
  • Will have been fully valeted, and safety checked

Which contracts are available with a re-lease vehicle?

The contracts available will be both Personal Contract Hire or Business Contract Hire. This means as the customer you will pay a monthly rental to use the car for a contracted period of time. There will be no option to buy the car at the end of the lease agreement, you will simply hand the car back. At the end of the lease you will need to return the vehicle in an acceptable condition which is outlined in the BVLRA’s fair wear and tear guidelines.

Read more: What is Fair Wear and Tear on my Lease Car?

As with all Contract Hire agreements, if you wish to exit your contract before the official end date you will need to pay an early termination fee, or if you travel over your agreed annual mileage you will pay a charge for the extra miles.

You can choose to take out a guaranteed maintenance agreement which will cover the cost of any services you may require over the course of your contract, as well as the replacement of any wear and tear items such as windscreen wipers, batteries, and tyres. As part of these Contract Hire agreements breakdown cover, delivery and the road fund licence are all included in your monthly rental.
The contracts available for a re-lease vehicle are;

  • For a period of 12 months or 24 months
  • For annual mileage of 5,10,15,20 or 25 thousand miles
  • With an initial rental of 1, 3, 6 or 9 times the monthly rental

Which re-lease vehicles are available?*

Vehicles available are subject to change as new vehicles are returned to Arval. Below are a few examples of the vehicles on offer and monthly rentals you could expect to pay;

BMW 3 Series DSL Saloon 320d M Sport 4dr

bmw 320d m sport

  Business Contract Hire Personal Contract Hire
Monthly Rental £173.52 exc.VAT £219.99 inc.VAT
Initial Rental 6 months
Contract Length 12 months
Mileage 10,000 miles per year
Maintenance Customer maintained

BMW 5 Series DSL Saloon 520d [190] M Sport 4dr Step Auto

re lease 5 series

  Business Contract Hire Personal Contract Hire
Monthly Rental £199.38 exc.VAT £251.02 inc.VAT
Initial Rental 6 months
Contract Length 12 months
Mileage 10,000 miles per year
Maintenance Customer maintained

Mercedes-Benz A Class DSL Hatch A180d Sport 5dr

re lease a class

  Business Contract Hire Personal Contract Hire
Monthly Rental £159.08 exc.VAT £202.67 inc.VAT
Initial Rental 6 months
Contract Length 12 months
Mileage 10,000 miles per year
Maintenance Customer maintained

Volkswagen Golf 2.0 TSI R 3dr

re lease golf r

  Business Contract Hire Personal Contract Hire
Monthly Rental £214.28 exc.VAT £268.90 inc.VAT
Initial Rental 6 months
Contract Length 12 months
Mileage 10,000 miles per year
Maintenance Customer maintained

Land Rover Evoque eD4 SE Tech 5dr 2WD

re lease evoque

  Business Contract Hire Personal Contract Hire
Monthly Rental £226.44 exc.VAT £283.49 inc.VAT
Initial Rental 6 months
Contract Length 24 months
Mileage 10,000 miles per year
Maintenance Customer maintained

These are just a few of the vehicles you can choose from for your re-lease, there are many more available.

Please be aware that stock levels change quickly and not all vehicles will be available, call us for the most up-to-date information.

If you need any advice, you can always call and speak to a member of the Rivervale team on 01273 433480.

*Deals advertised are representative of offers available in Feb 18. Offers and available stock change quickly and you must call us for the most up to date information*

What do you think of the new Re-Lease scheme?

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