Informal extension, also known as extended hire, is when a customer continues to use the vehicle beyond the contract end date, continuing their agreement on a rolling ad-hoc basis.Â
The Leasing Broker Federation is an independent membership organisation supporting leasing brokers and operators across the uk. It better equips brokerages with knowledge and skills supporting them to thrive within this growing sector.
It also provides a mutually beneficial business community environment for all market relevant companies, such as leasing companies, funders, manufacturers, service suppliers and dealerships. These companies make up our federation partner network.
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