Ending the contract
We understand that life can change. If you are dealing with something like job loss or a divorce, you may no longer be able or willing to pay your monthly lease amount. That’s why we offer the option to end your contract early. We use a fixed buyout calculation for this.
Please note: during the first year, early cancellation is not allowed. If you want this flexibility, we recommend including the Protection Plan in your contract.
There are two ways we can calculate the buyout amount. We always use the option that is most favourable for you.
Example calculation
Suppose you choose:
24-month contract: €350 per month
36-month contract: €300 per month
Option 1:
You pay 50% of the remaining contract amount.
Let’s say you chose the 36-month contract and want to cancel after 24 months. That means 12 months are left.
Your buyout would be: 12 x 0.5 x €300 = €1,800
Option 2:
You pay the difference between what you already paid and what you would have paid if you had originally chosen the shorter contract.
So if you cancel after 24 months, we compare the 36-month rate (€300) with the 24-month rate (€350).
You would pay: 24 x (€350 - €300) = 24 x €50 = €1,200
In this example, option 2 is cheaper. So we would use that amount as your buyout fee.
What about kilometres?
Our private lease contracts are based on 12,000 kilometres per year. If you return the car early, the allowed mileage is adjusted accordingly. For example, 12,000 kilometres per year equals 1,000 kilometres per month. We recalculate your mileage allowance based on the actual duration of your contract.
Questions?
Email us: sales@directleaseprivate.nl
Call us: +31 541 571 760