Will I occur extra charges during your vehicle lease agreement?

Will I occur extra charges during your vehicle lease agreement?

Will I occur extra charges during your vehicle lease agreement?
19 February 2021

Extra charges on your lease agreement

You're still within your agreement, and you get a letter from your funder with an invoice attached. Unfortunately, you're confused because you thought that your monthly rentals include all the expenses. So let's take a look at why a funder might charge you additional costs during your lease.

Road Fund Licence (Road Tax) cost increase

Road Tax tends to increase every year, usually in April. Your lease contract will have the RFL included. Either for the first 12 months or the duration of your agreement, depending on your contract type. Your included vehicle's RFL would be at the rate it stands at the time of signing your agreement. If the Road Tax increases during your lease agreement, the funder will need to charge you for the difference.

VAT rate increase

Suppose the Government increases the VAT rate. The funder would have no choice but to re-calculate your rentals at the higher VAT rate for the remaining duration of your contract, which will result in higher monthly rentals. VAT increase doesn't affect customers who paid their VAT upfront at the beginning of the contract.

The funder will never charge you for anything extra or increase your monthly rentals unless these changes out of their control, like the two, mentioned above.

Check out our FAQs for answers to other frequently asked questions, or get in touch if you need expert vehicle leasing advice!

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Basic List Price
Monthly Rental
Engine and Drive Train
Transmission Type
Engine Size
Engine Configuration
Fuel Type
Fuel Delivery Type
Euro Emissions Standard
Electric Range
Combined (WLTP)
Fuel Consumption
Combined (WLTP)
Combined (NEDC)
Maximum Speed
0 to 60 mph
0 to 62 mph
Power (BHP)
Power (PS)
Power (KW)
Dimensions and Weights
Ground Clearance
Boot Capacity
Fuel Tank Size
Gross Weight
Kerb Weight
Max Braked Towing Weight
Max Unbraked Towing Weight
Body Style
Insurance Group
RFL Rate
Front Brakes
Rear Brakes
Standard Front Tyre Size
Standard Rear Tyre Size
Standard Spare Tyre Size