Lease a Pre-Owned Car
Rivervale, together with Arval UK Ltd are offering a re-lease scheme (part of the BNP Paribas French International Banking Group). This 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.
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
To find out what's available and discuss finance options, click 'Proceed.'
What do you think of the new Re-Lease scheme?
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