ARVAL has launched a new used car leasing product called Arval Re-Lease.

Arval Re-Lease offers vehicles taken from Arval’s own fleet which have fewer than 30,000 miles on the clock and are less than 30 months old. They are also hand-picked to make sure they are in the right sort of condition for a second lease.

Leases terms are 12 and 24 months, with mileage from 5000 to 25,000 miles. Initial rentals vary from 1, 3, 6 or 9 months upfront.

Breakdown cover, delivery and road tax are included, and tyres will have at least 3mm tread depth. Options include maintenance, extended warranty or Arval’s insured vehicle package, Total Care.

Rentals start from as little as £96.42 per month plus VAT.

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However, Arval Re-Lease is not available yet for the broker market.

An Arval spokesperson said: “Arval Re-Lease is still in its formative stages and we are currently looking at a variety of different routes to market for the product.”