Rent-to-Own Agreement Terms

Read alongside our General Terms & Conditions, which include the reservation fee, website terms of use, complaints procedure, and governing law. The shared lease & rental terms (mileage, PCNs, TT2, breakdown, neglect, termination, data protection) also apply to rent-to-own agreements.

Rent-to-Own Agreement Terms

The following terms apply to all Rent-to-Own agreements entered into with WMA Vehicle Hire & Sales Ltd (trading as WMA Motors). A full agreement is signed at vehicle collection.

Term & payments

Maximum 12-month term with a maximum of 12 monthly payment instalments.
An initial payment (deposit plus first month’s lease) is required via bank transfer prior to vehicle collection. Cash is also accepted.
All payments must be made in advance for the month ahead — no arrears are accepted. Standing order is strongly recommended.
Balances can be cleared earlier than 12 months with no additional fees.

Deposit

Deposits are non-refundable.
Failure to meet repayments means the deposit is forfeited along with all other payments made.

Ownership & V5C

WMA retains legal ownership of the vehicle and the V5C until the vehicle is paid in full.
The V5C transfers to the lessee only upon completion of all payments.
The lessee has no entitlement to the vehicle or claims against it until fully paid.

Missed payments

There is no flexibility on repayments.
A missed payment results in immediate termination of the agreement, recovery of the vehicle, and all monies paid are forfeited.
The vehicle is held for one month after non-payment, then listed for re-sale.

Road tax & insurance

The lessee is responsible for road tax payments throughout the term. Missed road tax incurs a £80 DVLA penalty plus a £25 WMA admin fee, payable within 24 hours. Failure to pay results in cancellation of the lease, recovery of the vehicle, and forfeiture of all monies.
The lessee is responsible for fully comprehensive insurance. If the vehicle is uninsured or improperly insured, the lease is terminated and all monies are forfeited.
If damage or theft occurs and the insurer refuses to pay, the lessee is liable for all repair costs plus all remaining payments.

Warranty & maintenance

A 3-month warranty is provided, held at Bedlington MOT & Service Centre Ltd.
No third-party repair bills are accepted without WMA’s prior written agreement.
WMA is not liable for any repair costs within the lease term outside of the warranty period.

MOT

The lessee is responsible for the next due MOT.

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Rent-to-Own Agreement Terms

The following terms apply to all Rent-to-Own agreements entered into with WMA Vehicle Hire & Sales Ltd (trading as WMA Motors). A full agreement is signed at vehicle collection.

Term & payments

Maximum 12-month term with a maximum of 12 monthly payment instalments.
An initial payment (deposit plus first month’s lease) is required via bank transfer prior to vehicle collection. Cash is also accepted.
All payments must be made in advance for the month ahead — no arrears are accepted. Standing order is strongly recommended.
Balances can be cleared earlier than 12 months with no additional fees.

Deposit

Deposits are non-refundable.
Failure to meet repayments means the deposit is forfeited along with all other payments made.

Ownership & V5C

WMA retains legal ownership of the vehicle and the V5C until the vehicle is paid in full.
The V5C transfers to the lessee only upon completion of all payments.
The lessee has no entitlement to the vehicle or claims against it until fully paid.

Missed payments

There is no flexibility on repayments.
A missed payment results in immediate termination of the agreement, recovery of the vehicle, and all monies paid are forfeited.
The vehicle is held for one month after non-payment, then listed for re-sale.

Road tax & insurance

The lessee is responsible for road tax payments throughout the term. Missed road tax incurs a £80 DVLA penalty plus a £25 WMA admin fee, payable within 24 hours. Failure to pay results in cancellation of the lease, recovery of the vehicle, and forfeiture of all monies.
The lessee is responsible for fully comprehensive insurance. If the vehicle is uninsured or improperly insured, the lease is terminated and all monies are forfeited.
If damage or theft occurs and the insurer refuses to pay, the lessee is liable for all repair costs plus all remaining payments.

Warranty & maintenance

A 3-month warranty is provided, held at Bedlington MOT & Service Centre Ltd.
No third-party repair bills are accepted without WMA’s prior written agreement.
WMA is not liable for any repair costs within the lease term outside of the warranty period.

MOT

The lessee is responsible for the next due MOT.