Have recently taken over as TM at a company, delivering their own goods. 5 of their trucks are on lease on a four year contract. Now i’m asking this before reading the paperwork, but how easy is it to get out of a lease and what penalties would I incur?
Tia
You’ll need to read the contracts Jimmy. I know that sounds flippant, but seriously every contract will be different, so you can’t get a definitive answer without posting the agreements for the vehicles.
Jimmy McNulty:
Have recently taken over as TM at a company, delivering their own goods. 5 of their trucks are on lease on a four year contract. Now i’m asking this before reading the paperwork, but how easy is it to get out of a lease and what penalties would I incur?Tia
In a word, difficult 
Have they been bent over by any chance ?
I`ve got a customer with their own kit, the “chancer” who is in control of purchasing seems to think he is “wonderman” with their money…epic failure on their prices for very basic kit… 
Not neccesarily been bent over but think having half the fleet tied into a lease for four years gives very little room for negotiation + they aren’t suitable for some of the work we do, we can get by but could be better.
Again by year 2.5/3 going to be sat on half the fleet potentially ready for expensive repairs etc outside of an r+m contract.
Better get reading then.