Funder or Customer maintained: what is a maintenance agreement?
When you finance a personal or business vehicle you'll need to choose a funder maintained or customer maintained agreement. Having maintenance cover saves time and stress and is often the preferred choice for our commercial van lease customers. It does add an additional cost to your monthly finance agreement but this is factored in at the quote stage, so you know exactly how much you're paying each month.
Funder maintained includes:
- Routine Servicing
- Mechanical Repairs
- Tyres
- Batteries
- Exhausts
- Breakdown Recovery
- Road Tax
- Replacement Vehicle (available at a small additional cost)
Customer maintained includes:
- Breakdown Recovery
- Road Tax
Why choose a maintained package?
- A fixed monthly cost
- No unplanned maintenance charges
- Fully qualified dealer approved technicians and garages
- Claim back 100% of the maintenance VAT element of your agreement (VAT Registered Businesses Only)
What's not included?
- Driver error or driver induced faults
- Accident damage
- Missing/Broken items
- Vandalism or stolen items
- Windscreen and/or glass replacement
- Fuelling Error
- Lubricant and Fluid Top Ups between service intervals
As you can see, Funder Maintained cover provides you with a comprehensive solution to your vehicle maintenance needs, saving you both time and money should your vehicle break down. We strongly recommend maintenance cover - the small cost equates to big savings.
For more information about maintenance, please read our FAQ's section on Should I take a Maintained Finance agreement for my next vehicle? and also What is a maintenance agreement? What's included and what isn't?
Need Help?
CVC are here to help every step of the way.
If you need help give us a call on:
01424 863 456 Head Office
020 3627 1127 London
0161 820 7808 Manchester
0121 314 2364 Birmingham
0117 911 0410 Bristol
