A new UK private car leasing study has highlighted the hidden perils of PCP contracts, particularly in relation to minor damage.

The research by Autoglass BodyRepair covered 1,500 drivers who have privately leased a car in the last five years. It found that some 50% of drivers were uncertain about the terms of their contract when it came to wear and tear and many were shocked to find themselves liable for minor damage when they return their vehicle at the end of the contract. Over all 69% said they had received an unexpected repair bill.

PCP is often the chosen means of acquiring a new vehicle for Irish drivers, but most who sign agreements remain unaware of the possible penalties. These can be substantial with the UK study finding the average bill for repairs from the leasing company was £473.

The study also highlighted several other common penalties and charges for factors such as interior damage, exceeding mileage limits, missing paperwork and missing keys.

Taxiarchis Konstantopoulos, managing director at Autoglass, commented, “Leasing a new car is now the norm so it is important to ensure that motorists fully understand their fair wear and tear policy, and return their car to the leasing company in the best possible condition.”

Making drivers aware of possible repair bills presents a significant opportunity for Irish bodyshops to offer a pre-vehicle return inspection and rectification service, which allows the driver to get the repair work done at a lower price than may be charged by the lease company.