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  • We deliver nationwide
  • Help? Call 0113 403 4883

Master Hire Agreement

LOGIC Leasing Ltd

46 Park Place, Leeds, LS1 2RY
Company No. 12497183

(the ‘Lessor’)
To be signed by:
Recipient of document

Recitals

Introduction

The Lessor agrees to provide vehicles for hire, and the Lessee agrees to hire these vehicles, under the terms and conditions outlined in this Agreement and the attached Schedules (together referred to as the “Lease Contract”).

1. Key Definitions

For clarity, the following terms apply throughout this Agreement:
  1. Agreement Period: The duration starting from the date this Agreement is signed and accepted, until the vehicle(s) are returned to the Lessor as per the Agreement’s terms.
  2. Delivery Date: The date on which the Lessee takes possession of the vehicle(s) and commits to the rental.
  3. Business Day: Any day banks are open for business in the City of London, excluding weekends and public holidays.
  4. Leasing Programme: The Lessor’s short-term lease program.
  5. Rental: The agreed fee payable by the Lessee for the use of the vehicle(s), as detailed in the attached schedules and invoices. Rentals accrue from the Delivery Date.
  6. Vehicles: Motor vehicles specified in the attached schedules.
  7. Price List: CAP and Glasses trade guides used to determine vehicle valuations.

2. Agreement Framework

  • Schedules: The attached Schedules (1, 2, and 3) are integral to this Agreement and contain specific terms related to mileage, returns, and other operational details.
  • Headings: Section headings are for convenience only and do not impact the interpretation of this Agreement.
  • Flexibility in Language: Words in the singular include the plural (and vice versa). Gendered references include all genders. Terms referring to "persons" include individuals, organizations, or any legally recognized entity.

3. Legal and Legislative Compliance

  1. Statutory References: Any mention of statutes or legal provisions includes all amendments, replacements, or related regulations applicable during the Agreement Period.
  2. Legislative Adjustments: If legislation changes during the Agreement Period that impacts vehicle hire or leasing, the Lessor reserves the right to adjust the terms accordingly. The Lessor will provide written notice in advance, wherever possible.
  3. Right to Withdraw: If the Lessee does not agree to modified terms resulting from legislative changes, they may withdraw from the Agreement with 30 days’ written notice, provided all obligations under the Agreement up to the withdrawal date are met.

4. Vehicle Hire Terms

4.1 Covenant to Hire:
  • The Lessor agrees to provide the vehicle(s) to the Lessee for the agreed period, subject to the terms of this Agreement.
  • Provided the Lessee complies with all terms and obligations, the Lessee has the right to use and retain the vehicle(s) without interference from the Lessor or any third party.

5. Period and Appropriation

5.1 Mileage Policy

Agreed Mileage Allowance:
  • Each hire agreement includes an agreed mileage allowance, typically calculated on an annual basis (e.g., 18,000 miles per annum). This allowance translates to a monthly limit (e.g., 1,500 miles per month for 18,000 miles per annum).
Monthly Mileage Tracking:
  • Lessees must provide monthly mileage updates, requested by the account manager around the time of the monthly payment date. Updates are typically submitted via email unless otherwise specified.
  • Failure to provide updates may result in a default estimation of mileage based on telematics data, potentially leading to inaccurate or excess mileage charges.
Excess Mileage Charges:
  • Mileage exceeding the agreed allowance will incur a charge of £0.35 to £0.85 per mile, depending on the vehicle. The specific charge will be outlined in your contract. Excess charges may be applied at the end of the term or during periodic reviews.
Proactive Adjustment:
  • If reported mileage indicates the Lessee is on track to exceed the agreed allowance by more than 10%, the Lessor reserves the right to:
    • Notify the Lessee in writing.
    • Adjust monthly rental payments to spread anticipated excess mileage costs across remaining payments.
Accuracy of Reporting:
  • Lessees are responsible for providing accurate mileage reports.
  • Any tampering with odometer readings will result in immediate penalties, potential agreement termination, and notification of relevant authorities.
Return Mileage Verification:
  • Mileage will be verified upon vehicle return. Discrepancies between reported and actual mileage may result in additional charges.
Excess Mileage Disputes:
  • Lessees have 7 days from final billing to dispute excess mileage charges. Supporting evidence must be provided within this period.

5.2 Vehicle Specifications

  • Vehicles will be provided as per the Lessee’s agreed specifications within the Leasing Programme. Any requested changes to specifications must be confirmed in writing and may result in adjustments to rental charges, both retrospectively and moving forward.

5.3 Delivery of Vehicles

  • The Lessee will be notified of an approximate delivery date, followed by confirmation once the vehicle is ready.
  • Rentals commence upon delivery. If delivery is delayed due to the Lessee’s actions, the Lessor reserves the right to begin charging rentals immediately.
  • The Lessor is not liable for delays caused by external factors, including manufacturer supply constraints.

6. Rentals and Payments

6.1 Payment Terms

  • Rental payments must be made monthly in advance and will stop once the Lessee returns the vehicle in accordance with Schedule 2.
  • Payments are due on the agreed Payment Date.

6.2 Payment Method

  • All payments must be made via standing order to the Lessor’s designated bank account (details provided in the agreement or as notified).
  • Payments must be made in full, in cleared sterling, without any deductions or set-offs, and inclusive of VAT where applicable.
  • If a payment is not honoured (e.g., insufficient funds), an administration fee of up to £100 + VAT may be charged unless otherwise agreed.

6.3 Late or Missed Payments

  • If the Lessee fails to make any payment on time, interest will accrue on the overdue amount at a rate of 4% per annum above the Bank of England base rate.
  • Interest will be calculated daily, starting from the payment due date until the overdue amount is settled.
  • Non-payment within 48 hours of the due date may result in repossession of the vehicle(s) without refund.

6.4 Mileage Adjustment Payments

  • If total mileage is found to exceed the agreed contract mileage by more than 20% during the term, the Lessor reserves the right to:
    • Adjust monthly rental payments to reflect anticipated excess mileage charges.
    • Notify the Lessee of the revised rental amount in writing.

6.5 Used Vehicle Disclosure

  • Certain vehicles in the fleet may have been categorized as previously damaged but professionally restored to meet or exceed industry safety and operational standards.
    • Category S (formerly Cat C): Vehicles with structural damage that have been repaired and are safe to drive.
    • Category N (formerly Cat D): Vehicles with cosmetic or minor repairable damage.
  • Full documentation of prior damage and repairs is available upon request to ensure transparency.
  • Lessees acknowledge that such vehicles have undergone certified inspections by qualified technicians, guaranteeing their safety and roadworthiness.

6.6 Transparency Commitment

The Lessor is committed to providing diverse leasing options, including used vehicles, while maintaining transparency about vehicle history and restoration processes.

7. Preparation and Delivery of Vehicles

7.1 Pre-Delivery Inspection

The Lessor will ensure all vehicles undergo a thorough pre-delivery inspection (PDI) to meet standard safety and operational requirements. The cost of this inspection will be covered by the Lessor or its approved agent.

7.2 Delivery Costs

The Lessor will arrange for vehicle delivery to the Lessee, with delivery costs borne by the Lessor unless otherwise agreed in writing.

7.3 Inspection Upon Delivery

The Lessee or their authorized representative must inspect the vehicle(s) upon delivery to confirm they are in satisfactory condition and match the agreed specifications. Any discrepancies, visible damage, or issues must be documented on the delivery paperwork at the time of inspection.

7.4 Acceptance of Vehicle

If the Lessee or their representative fails to document discrepancies at the time of delivery, the vehicle will be deemed accepted as complete, operational, and meeting the agreed specifications.

7.5 Colour and Model Variations

The Lessor will endeavor to deliver vehicles in the specified colour; however, exact matches cannot be guaranteed. Variations in colour will not constitute valid grounds for cancellation of this agreement.

8. Risk

The Lessee assumes full responsibility for any loss, damage, or destruction of the Vehicle(s) from the date of delivery until the Vehicle(s) are returned to or collected by the Lessor in accordance with this Agreement.

9. Insurance

The Lessee shall:
  • 9.1.1 Obtain and maintain insurance covering both the Lessee and the Lessor against all liabilities to third parties and/or employees of the Lessee arising from the use of the Vehicles. This insurance must meet all legal requirements.
  • 9.1.2 Ensure that the insurance policy:
    • Is issued by a reputable insurer.
    • Includes provisions ensuring it cannot be invalidated due to any act or omission by the Lessee.
    • Provides at least 30 days' prior written notice to the Lessor if the policy is to be cancelled, terminated, or not renewed.
    • Notes the Lessor’s interest as a named party on the policy.
  • 9.1.3 Pay all insurance premiums promptly and provide evidence of payment and policy details to the Lessor upon request. If the Lessee fails to maintain the required insurance, the Lessor may arrange for such insurance and recover all associated costs from the Lessee immediately upon demand.
  • 9.1.4 Provide the Lessor with a copy of the insurance certificate, cover note, or acknowledgment within 30 days of the start of this Agreement, showing the Lessor’s interest is noted on the policy.
  • 9.1.5 Remain liable for all Rental payments and sums due under this Agreement regardless of any loss, theft, destruction, or damage to the Vehicles, including latent or apparent defects.
Note: If the vehicle is found to be uninsured during daily checks with the Motor Insurance Database (MID), the Lessor reserves the right to repossess the vehicle(s) immediately.

10. Lessee’s Covenants

10.1 Ownership and Title

The Lessee shall not, unless acting as an agent with the Lessor’s prior written consent:
  • Represent itself as the owner of the Vehicles.
  • Sell, offer for sale, assign, pledge, charge, or encumber the Vehicles.
  • Create or allow any lien over the Vehicles.
  • Offer the Lessor’s credit for repairs or maintenance.
  • Allow ownership of the Vehicles to transfer to any third party, whether by voluntary action or operation of law.
  • Sub-let the Vehicles without the prior written consent of the Lessor.

10.2 Assignment and Delegation

The Lessee shall not assign, subcontract, or delegate any rights or obligations under this Agreement without the Lessor’s prior written consent.

10.3 Compliance with Health and Safety Laws

The Lessee must comply with the Health and Safety at Work Act 1974 and ensure all required tests and examinations are carried out before the Vehicles are used. The Lessee must confirm the Vehicles are safe and pose no health risks when used by the Lessee, its employees, or authorized users.

10.4 Indemnity

The Lessee shall indemnify and hold the Lessor, its employees, and agents harmless from all liabilities, claims, damages, expenses, or demands arising from the possession, use, or transportation of the Vehicles, except where caused by the negligence or willful default of the Lessor.

10.5 Maintenance and Repairs

The Lessee must, at its own expense, ensure the Vehicles are maintained in good condition, properly serviced, and repaired in accordance with the requirements outlined in Clause 9 of Schedule 1.

10.6 Use Outside the United Kingdom

The Lessee may not take the Vehicles outside the United Kingdom without the Lessor’s prior written consent.
  • Vehicles may only be taken abroad as part of normal business operations and for no longer than 28 consecutive days.
  • The Lessee must ensure the Vehicles are covered by comprehensive vehicle recovery insurance while outside the United Kingdom.

11. Return of Vehicles, Inspection & Collection

11.1 Vehicle Return

11.1.1 At the end of the lease period, the Lessee must return the vehicles to the Lessor or the Lessor’s appointed agent. 11.1.2 The Lessor will issue a notice requiring the Lessee to complete and return a defleet request form no later than 7 working days before the contract end date. 11.1.3 Failure to provide timely notice will result in delayed collection and additional charges as detailed in Clause 11.3.

11.2 Return Condition

11.2.1 All vehicles must comply with the return standards outlined in Schedule 3. 11.2.2 If a returned vehicle’s odometer reading exceeds the agreed mileage, the Lessee must pay excess mileage charges as detailed in the Schedule to the Master Hire Agreement and in Schedule 2.

11.3 Late Returns

11.3.1 If the Lessee cannot return a vehicle within the agreed rental period:
  • The Lessee will be charged twice the monthly rental rate for the following month.
  • If the vehicle is not returned within 30 days of the due date, the Lessee agrees to purchase the vehicle at the retail price specified in the Price List for a comparable model of similar age and mileage, effective as of the first day of the month in which the purchase becomes necessary.

11.4 Accidents, Write-Offs, or Theft

11.4.1 If a vehicle is involved in an accident, written off, or stolen, the same pricing procedure as Clause 11.3 will apply. 11.4.2 The detailed process for such events is outlined in Schedule 3.

12. Warranty Protection

12.1 The Lessor shall ensure that all vehicles are covered by the applicable manufacturer’s warranty for the type of vehicle supplied. This warranty coverage may be invalidated by any actions or omissions of the Lessee, such as failure to adhere to the manufacturer’s servicing requirements.

13. Information and Documentation

13.1 Vehicle Registration

All registration documents for the vehicles will be issued in the name of the Lessor or its associated companies and retained by the Lessor.

13.2 Inspection of Records

The Lessee agrees to make its accounts and any other records relating to the vehicles available for inspection by the Lessor upon reasonable notice.

13.3 Mileage and Odometer Changes

  • The Lessee must ensure all returned vehicles have genuine, verifiable mileage.
  • The Lessee must inform the Lessor in writing if they are aware of any repairs or changes to the odometer.
  • Any odometer adjustments must be documented in the service record handbook or alternative documentation provided with the vehicle.
  • The Lessee will be held liable for any capital losses incurred by the Lessor as a result of incorrect mileage descriptions or failure to report odometer changes.

14. Force Majeure and Non-Availability of Vehicles

14.1 Neither party will be in breach of this Agreement due to total or partial failure to perform their obligations caused by circumstances beyond their reasonable control, including but not limited to:
  • Acts of God
  • Fire
  • Government or state actions
  • War, civil unrest, or insurrection
  • Embargoes
  • Labour disputes
14.2 If such circumstances arise:
  • The affected party must notify the other party in writing, specifying the cause and anticipated duration.
  • The Agreement will be suspended only for the duration of the event causing non-performance.
14.3 If the force majeure event persists for more than three months and materially impacts the Agreement, either party may terminate the Agreement by providing 30 days’ written notice. All previously agreed lease terms that remain unaffected will continue to apply.

15. Default

15.1 Events of Default

The Agreement will be deemed in default if any of the following events occur:
  • 15.1.1 Any rental or other payment due under this Agreement remains unpaid for more than seven days after the due date, whether formally demanded or not.
  • 15.1.2 The Lessee fails to comply with any terms or conditions of this Agreement, and such failure remains unremedied for 14 Business Days following written notice from the Lessor.
  • 15.1.3 Any officer of the court or lawful authority seizes, attaches, or sequestrates the vehicles.
  • 15.1.4 Any statement, representation, or warranty made by the Lessee to induce the Lessor to enter this Agreement is found to be materially incorrect.
  • 15.1.5 Any legal execution or distress process is issued against the Vehicles or the Lessee’s property and remains unresolved for 14 Business Days.
  • 15.1.6 An order or resolution is passed for the winding up of the Lessee, except for a members’ voluntary winding-up.
  • 15.1.7 The Lessee convenes a meeting to make or enters into a composition, arrangement, or assignment with creditors or files for administration under the Insolvency Act 1986.
  • 15.1.8 Any encumbrancer takes possession of or appoints a receiver for a substantial part of the Lessee’s assets or business.
  • 15.1.9 The Lessee fails to meet payment obligations for borrowed funds, hire purchase agreements, or other material financial arrangements for more than 30 days.
  • 15.1.10 The Lessee ceases or threatens to cease a substantial part of its business or disposes of a substantial part of its assets other than in the normal course of business.
  • 15.1.11 There is a material change in ownership or control of the Lessee.

15.2 Consequences of Default

If the Agreement is terminated due to default:
  • 15.2.1 The Lessee will no longer have lawful possession of the vehicles, and the Lessor is entitled to repossess them immediately. The Lessor may enter the Lessee’s premises or any location where the vehicles are stored to recover them without the Lessee’s consent.
  • 15.2.2 The Lessee must reimburse the Lessor for all costs incurred in locating, recovering, and repossessing the vehicles, including legal and administrative expenses.
  • 15.2.3 The Lessee must pay all outstanding rentals and other sums due under the Agreement, plus any accrued interest.

15.3 Finance Company Rights

Where vehicles are funded by a finance company, the following rights apply:
  • 15.3.1 The finance company may enter the Lessee’s premises to determine the location of vehicles it has financed.
  • 15.3.2 The finance company may uplift the vehicles if the Lessee is in arrears or if the Lessor breaches its funding obligations.
  • 15.3.3 If the Lessor enters administration, the finance company has the right to reclaim the vehicles directly from the Lessee or Lessor’s customers.
  • 15.3.4 The finance company may offer to lease the vehicles directly to the Lessee for the remainder of the Agreement Period.
  • 15.3.5 In the event of Lessor insolvency, the Lessee may, with the finance company’s consent, make rental payments directly to the finance company to continue the Agreement without interruption.

16. Miscellaneous

16.1 Entire Agreement

This Agreement supersedes all prior agreements, whether written or oral, between the parties and constitutes the entire understanding regarding the subject matter. The Agreement must be signed in writing by both parties to be valid.

16.2 Notices

All notices under this Agreement must be:
  • In writing.
  • Sent via pre-paid first-class post to the recipient’s address as specified in this Agreement or as subsequently notified.
  • Deemed served three working days after posting.

16.3 Reports and Charges

Reports detailing excess mileage charges, missing accessories, damage costs, and re-inspection or aborted collection fees will be provided to the Lessee within one month of the inspection or re-inspection. Invoices for these charges will be issued within the same period and must be paid within 14 days of receipt.

16.4 Confidentiality

Both parties agree to keep confidential and not disclose to any third party any information that is explicitly marked as confidential or that is clearly of a confidential nature, unless publicly available. This obligation survives the termination or expiry of this Agreement.

16.5 Severability

If any provision of this Agreement is found to be invalid or unenforceable, it will be deemed excluded without affecting the validity of the remaining provisions. The parties agree to replace any invalid or unenforceable provision with one that achieves as close as possible the intended legal and commercial effect.

16.6 Variations and Waivers

No variation of this Agreement will be valid unless made in writing and signed by both parties. Failure to exercise or enforce any right or delay in doing so will not constitute a waiver of that right.

16.7 Relationship Between Parties

Nothing in this Agreement constitutes a partnership or joint venture between the parties, nor does it designate either party as the agent of the other for any purpose.

16.8 Governing Law and Jurisdiction

This Agreement is governed by and interpreted in accordance with the laws of England. Both parties submit to the exclusive jurisdiction of the Courts of England and Wales.

17. Liability and Acceptance

17.1 Liability for Violations

During the term of this Agreement, the Lessee is liable for all traffic violations, parking offenses, and other penalties associated with the use of the vehicles, as stipulated under Section 66 of the Road Traffic Act 1991, Schedule 1 of the Road Traffic Act 1991 (Owner Liability) (Scotland) Regulations 1975, and any amendments or replacements to these regulations.

17.2 Penalty Charge Notices (PCNs)

The Lessee authorizes the Lessor to pay, on the Lessee’s behalf, any Penalty Charge Notices (PCNs) related to Congestion Charges, Bus Lane Contraventions, or other fines where liability cannot be transferred. The Lessor will invoice these charges to the Lessee, and they must be paid under the terms of this Agreement. For all other PCNs, including but not limited to speeding and parking offenses, the Lessor will attempt to transfer liability to the Lessee to allow direct payment or representation by the Lessee.

17.3 Administration Charges

  • The Lessor reserves the right to pay any PCNs directly and subsequently pass these charges to the Lessee.
  • A minimum administration fee of £40 + VAT will be applied to each PCN payment or liability transfer.
  • For vehicles registered to an outside funder, additional administration fees may apply and will be invoiced accordingly.

18. Rent-to-Buy Option

18.1 Rent-to-Buy Eligibility

The Lessee may opt to purchase the vehicle(s) rented under this Agreement at the end of the Rental Period (the "Option"), subject to the following conditions:
  • The Option applies only to vehicles explicitly specified by the Lessor at the start of the Rental Period or subsequently agreed in writing by both parties.
  • The Lessee must comply with all terms of this Agreement, including timely rental payments, maintenance, and insurance obligations.

18.2 Purchase Price

The Purchase Price of the vehicle(s) will be determined by the Lessor based on the market value at the end of the Rental Period, using CAP and Glasses trade list guides.
  • The Lessee will receive a Purchase Price quotation at least 30 days before the end of the Rental Period.

18.3 Exercising the Option

To exercise the Rent-to-Buy Option, the Lessee must:
  • Notify the Lessor in writing of their intent to purchase the vehicle(s) at least 14 days before the end of the Rental Period.
  • Pay the full Purchase Price within 7 days of receiving the invoice from the Lessor.

18.4 Transfer of Ownership

Once the full Purchase Price has been paid:
  • Ownership, including all rights, title, and interest in the vehicle(s), will transfer to the Lessee.
  • The Lessor will provide all necessary ownership transfer documentation, including a bill of sale and the vehicle's registration documents.

18.5 Termination of Option

The Rent-to-Buy Option will terminate automatically if:
  • The Lessee fails to exercise the Option within the specified timeframe.
  • The Lessee does not pay the full Purchase Price by the due date. In such cases, the Lessee must return the vehicle(s) per the return conditions of this Agreement, and the Lessor may charge applicable late return fees.

18.6 Vehicle Condition

  • The vehicle(s) are sold "as is." The Lessee acknowledges that no warranties, express or implied, apply beyond those provided by the manufacturer or required by law.
  • The Lessee has the right to inspect the vehicle(s) before purchase and accepts the vehicle(s) in their current condition at the time of sale.

18.7 Excess Mileage and Damage

  • If the vehicle(s) have incurred excess mileage or damage beyond normal wear and tear, the Lessor reserves the right to adjust the Purchase Price accordingly.
  • The Lessee will be informed of these adjustments before finalizing the purchase.

18.8 Final Settlement

Upon completion of the purchase:
  • Rental payments will cease.
  • The Lessee will have no further obligations under this Agreement, except for any outstanding charges or penalties accrued during the Rental Period.

Schedule 1: Vehicle Return Standards

1. Bodywork

  • Condition: Must be sound, well-maintained, and free from dents or disfigurements, with allowance for reasonable wear and tear based on the vehicle’s age and mileage.
  • Inspection: All bodywork is subject to inspection by the Lessor, who will assess its condition at their discretion.

2. Upholstery

  • Condition: Must be well-maintained, with no visible repairs, stains, burns, or holes.
  • Repairs: Cosmetic repairs are permitted but must meet professional standards. The Lessor reserves the right to seek compensation for substandard repairs.
  • Inspection: Upholstery condition will be assessed by the Lessor, whose judgment will be final.

3. Glass

  • Acceptable Condition: Minor chips outside the wiper blade areas on windscreens are acceptable.
  • Inspection: All glass, including windscreens, windows, and mirrors, will be inspected by the Lessor and assessed at their discretion.

4. Rubbing Strips, Bumper Sections, and Wheel Trims (Including Alloy Wheels)

  • Acceptable Condition: Minor scratches that do not detract from the overall appearance of the vehicle are acceptable.
  • Inspection: All trims, bumpers, and wheel components will be inspected by the Lessor, and their judgment will apply.

5. Wheels

  • Condition: Wheels must not have damage that renders the vehicle unsafe to drive.

6. Tyres

  • Condition: All tyres must:
    • Be sound, with a minimum tread depth of 2.0 mm.
    • Comply with the Motor Vehicle (Construction & Use Amendment No: 4) Regulations.
    • Be replaced with tyres identical to those originally fitted or equivalent.

7. Previous Repairs and Replacement

7.1 Acceptable Repairs and Replacements

  • Replacement parts must meet or exceed the original manufacturer’s specifications.
  • Paintwork must match the manufacturer’s original finish and specification.

7.2 Unacceptable Repairs and Replacements

  • Any repairs or replacements that fail to meet the above standards.

7.3 Guidelines for Panel Repairs

  • Ripples visible only on a bodyline check and not during a two-metre appraisal are acceptable.
  • Colour mismatches not visible from two metres are acceptable.
  • Professional touch-up repairs must include the application of primer, base coat, and lacquer.

8. General Standards

8.1 Vehicle Cleanliness

Vehicles must be returned clean both externally and internally.

8.2 Warranty Work

Any applicable warranty work must be completed by the Lessee before the vehicle inspection.

8.3 Reporting Repairs

  • The Lessee must notify the Lessor in writing of any damage repairs that do not involve the replacement of readily removable parts (e.g., doors, bumpers, grilles, lights, glass, wheels, wings).
  • Failure to notify the Lessor of such repairs will make the Lessee liable for any capital losses incurred due to undisclosed or substandard repairs.

8.4 Structural Repairs

  • Repairs requiring straightening, filling, welding, or the use of body repair jigs and wheel alignment equipment must be reported.
  • An independent engineer will inspect such repairs, with costs borne by the party found to be at fault.

8.5 Accessories and Documentation

  • Vehicles must be returned with all original equipment, accessories, and documentation, including:
    • Keys (all copies provided).
    • The full handbook, including the owner’s manual, service record, and audio guide.
  • Missing items will be charged to the Lessee.

8.6 Service History and Radio Codes

  • The service record must be up to date, stamped with accurate mileage and dates, or presented as a computer-generated service history.
  • The radio code card must be completed correctly, or an alternative record supplied and clearly identified as the radio code.

8.7 Liability for False Service History

  • If the service history is found to be falsely represented during or after the return inspection, the Lessee will be liable for:
    • Associated inspection fees.
    • Capital costs caused by the false representation.
Examples of False Representation:
  • Service book stamped, but service not performed.
  • Incorrect mileage or dates entered in the service record.
  • Service completed outside manufacturer’s guidelines.

9. Servicing

9.1 Service Requirements

  • All vehicle servicing must be carried out at the Lessee’s expense in accordance with the manufacturer’s official service schedule and requirements.
  • Services must be completed within 500 miles of the specified mileage interval.

9.2 Late Service Charges

  • Vehicles serviced beyond the specified mileage interval plus 500 miles will incur a Late Service charge.

9.3 Parts and Specifications

  • Only genuine manufacturer-approved parts or alternatives meeting the manufacturer’s specifications may be used for servicing and repairs.

9.4 Failure to Service

  • If the vehicle is not serviced as required:
    • The Lessee will be charged for the full cost of the missed service(s).
    • Additional charges may apply for any loss in vehicle value due to incomplete or late service history.

Schedule 2: Vehicle Return Process

2.1 Notification and Collection

  • Upon notification of vehicle defleet, the Lessor will instruct an appointed agent to collect the vehicle.
  • The vehicle must be in undamaged, reasonable condition, reflecting fair wear and tear based on age and mileage.

2.2 Inspection Process

  • An authorized representative will inspect the vehicle at collection and prepare a condition report.
  • Upon arrival at the Lessor’s defleet center, a further detailed inspection will be conducted, including repair cost estimations, which will be shared with the Lessee.

2.3 Disputes

  • The Lessee has one clear calendar business day to dispute the inspection report or recharge costs and arrange an inspection of the vehicle.
  • The Lessor will hold the vehicle for up to five working days for the Lessee to complete the inspection.
  • If the Lessee does not inspect the vehicle within this period, the report and costs will be deemed accepted.

2.4 Aborted Inspections and Collections

  • Charges will apply for aborted inspections or collections caused by the following:
    • Vehicle not available within 30 minutes of the Lessor’s agent’s arrival.
    • Failure to provide 48 hours' notice of vehicle unavailability.
    • Missing keys or remotes, non-runnable vehicle, or refusal to release the vehicle.
    • Unsafe or unroadworthy condition, including failure to complete essential warranty work.
    • Threatening behavior towards collection personnel.
  • A charge of £150 + VAT will apply in these cases.

2.5 Lessee Responsibilities

  • The Lessee must ensure the vehicle meets all current UK road safety and legislative requirements.

2.6 Abortive Collection Rebooking

  • The Lessee must notify the Lessor of a new collection date following an aborted collection. Clause 9.0.3 applies.
  • Rentals will continue to be charged until the vehicle is collected.

2.7 Substantial Repairs

  • If the vehicle requires substantial repairs upon return, the Lessee remains liable for rental payments until the vehicle is restored to an acceptable condition.

Schedule 3: Write-Off Process

3.1 Reporting the Incident

  • In the event of a vehicle being written off, stolen, or deemed beyond economical repair, the Lessee must immediately contact the Lessor.
  • Incident details, including the vehicle registration number, insurance company information, and claim number, must be emailed to accounts@logicleasing.co.uk or reported via telephone at 0113 403 4883.

3.2 Write-Off Price and Process

  • Upon receiving the incident report, the Lessor will provide the Lessee with:
    • The write-off price required for the vehicle.
    • A detailed explanation of the process.
    • Any relevant invoices.

3.3 Rental Continuation

  • Monthly rentals will continue until the write-off amount is paid in full.

3.4 Insurance Payments

  • Any insurance cheque payments must:
    • Be made payable to LOGIC Leasing Ltd.
    • Include a remittance clearly identifying the vehicle registration number.
  • Payments should be sent to:LOGIC Leasing46 Park Place, Leeds, LS1 2RYAlternatively, send remittance details to accounts@logicleasing.co.uk.

3.5 Retention of Ownership

  • Vehicles remain the property of the relevant funder or the Lessor until the write-off amount is fully settled and the title is officially released.
  • The Lessee must not sell, transfer, or dispose of the vehicle under any circumstances until payment is made in full and ownership is transferred.

Schedule 4: Table of Charges

Charge Amount Description
Late Service Charge As specified in the agreement Charged if servicing is conducted beyond 500 miles over the scheduled service interval.
Excess Mileage Charge £0.35 - £0.85 per mile Specific rate to be outlined in the Lessee’s contract. Applied for mileage beyond agreed limits.
Aborted Collection Charge £150 + VAT Applies to failure to meet collection requirements (e.g., vehicle unready, no keys, unsafe condition).
PCN Administration Charge £40 + VAT per offense Applies to Penalty Charge Notices managed or paid by the Lessor.
Missing Key or Accessory Charge Cost of replacement Charged for keys, remotes, or accessories not returned with the vehicle.
False Service History Penalty Variable Assessed based on capital losses incurred due to misrepresented or incomplete service history.
Substantial Repairs Liability Variable Charged for costs incurred due to substandard or undisclosed repairs.
Write-Off Amount As specified by Lessor Full amount required for vehicle write-off settlement, as per Schedule 3.
Late Payment Interest 4% above Bank of England base rate Applied daily on overdue amounts until settled.
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