Santander lease - Option to buy?

[Richtea1970]

Have my first Santander lease vehicle coming this month. Some have made reference to being able to buy a vehicle at the end of the lease but from the paperwork I have it seems pretty adamant they it is not allowable.
Has anyone done it with Santander (ie, with a family member buying etc if you cannot buy direct)?
Thanks

[Theoldguard]

Richtea1970 said:

Have my first Santander lease vehicle coming this month. Some have made reference to being able to buy a vehicle at the end of the lease but from the paperwork I have it seems pretty adamant they it is not allowable.
Has anyone done it with Santander (ie, with a family member buying etc if you cannot buy direct)?
Thanks

I have had several leases over the last number of years and each time have been able to obtain a quote to buy at the end of lease, this is usually within the last 3 months of the agreement. On 2 occasions I have taken them up on the offer even though their terms stated no option to buy.

However if you are going into this with a view to buy then other options may have been better suited as with leasing they don't have to offer you a purchase price and well within their rights to refuse, even if they have offered it to someone else previously they could refuse you a quote for various reasons.

Not dealt with Sandander leasing so they may have a strict no purchase policy, the likes of VWFS, Arval and G2L have all given me quotes to buy previously.

[Richtea1970]

Thanks.
No not going into this looking to buy. I’ve jumped on the Maxus EV deal which was too cheap to ignore really, and as a Chinese EV I probably will be waiting to get shot of it before the end of the lease, but was just curious as I was reading through the contract and they seemed to be over emphasising that the vehicle could not be bought under any circumstances.

Maybe just unique to Santander?

[Mammasaid]

Had a Santander 123 lease a few years back (Volvo V90CC) and there wasn't an option to buy.

HTH

[yellowbentines]

AFAIK Santander are the official/main finance provider for Volvo dealerships - I wonder if they have a no buy policy for lease contracts as they have a deal to supply returned lease cars to Volvo to resell through the dealer network?

I have an XC60 through Santander on a private lease and have noted the no-buy clause.