Extending a lease

julian24110

Active Member
Jul 16, 2009
114
25
Cornwall
How long is the fixed extension period?

You know you are locked in and will have to pay the whole term should you want to return the car early?


12 month extension on what was a 2 year lease, so only 3 years in total. I only went for 2 originally because the mk4 was due to be out by now.
 

julian24110

Active Member
Jul 16, 2009
114
25
Cornwall
Out of curiosity, what did you do insurance wise? I know they are usually 1 year long etc...

Not sure what you mean here. I just renew the insurance each year as normal. Or are you talking Gap insurance? That’s a different rabbit hole to go down!
 

JonnyG

Active Member
Mar 18, 2019
62
32
Another thing to note with VWFS is that they will adjust the monthly payment if your annual mileage changes. Similar to the above lease extension I emailed them to inform them that my total annual mileage would average 5000 per annum rather than the original 10,000. They adjusted the agreement and reduced my remaining monthly payments by around £30.
 
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