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Drivewise Personal Lease

Drivewise personal lease from West Midland Vehicles

Drivewise personal lease is a contract purchase product. It is a conditional sale agreement which allows you the option to purchase the vehicle, or to simply hand it back at the end of the contract period (subject to settlement of any excess mileage and unfair 'wear and tear').

You can elect to include the same comprehensive service, maintenance and repair options as are available through Contract Purchase, through this personal lease, although you will be responsible for the annual Road Fund Tax.

Finance payments are not subject to VAT. If the optional service package is taken, VAT is payable on the service costs.

Making the best personal lease choice

At the end of your Drivewise personal lease contract term there are various options open to you.

You will need to decide whether you wish to complete the purchase of your current vehicle, or return it and take out a new contract on a new vehicle. To help you better understand how personal leasing works and what to do at the end of your contract please take a look at this diagram.

If you are considering changing your vehicle, you may wish to take a look at the other funding options offered, although Drivewise is currently the only product specifically tailored to the needs of the private motorist.

Westmid is ready to accept your decision and offer you any advice you may need to ensure that your are making the best personal choice. Please contact us or complete an online enquiry form.

You can view our comparison chart to weigh up the different options available.