It’s a horrible situation to think of but cars are one of the most stolen assets in the UK, especially the newer and more expensive models. With car thefts on the rise, it's essential to be prepared, especially if your leased vehicle becomes a target. At Fleet UK, we understand the stress such a situation can cause, which is why we have made the brief guide below on what to do if your lease car has been stolen.

Stay Calm and Assess the Situation

Discovering your lease car has been stolen is undoubtedly distressing. After the initial shock, assess if any other belongings are missing or if there's damage to your property. Following this, it is crucial to act fast.

Key Steps to Take

Call the Police and report the theft immediately. Provide detailed information about your vehicle, including make, model, colour, and registration details. Make sure to obtain a crime reference number for future reference.

Call Your Insurance Provider. They will guide you on the next steps, and if your car isn't recovered, initiate discussions with your leasing/finance company regarding the settlement.

Contact us at Fleet UK and we can promptly arrange a replacement vehicle for you, as we know the negative effects of being without a vehicle, such as loss of income.

What If Your Car Isn't Found?

If the police can't recover your stolen vehicle, your insurance company may cover the costs. However, there might be a difference between the insurance payout and the settlement figure determined by the leasing company. This gap can be filled with Guaranteed Asset Protection (GAP) insurance, which is a wise choice to consider.

Minimising the Risk of Theft

While you can't eliminate every risk, certain precautions can minimise the chances of car theft:

·         Keep your vehicle locked, even at home.

·         Store your keys securely.

·         If you have a garage, use it.

·         Invest in home security measures like CCTV.

·         Never leave your car unattended with the engine running or keys in.

·         Avoid leaving any valuables in sight.

Facing the theft of your lease car is challenging. However, by acting quickly and following these steps, you can navigate the situation with confidence. At Fleet UK, we prioritise your peace of mind and are here to guide you through unexpected challenges.

Whatever type of vehicle you are looking for, we can get you the best deal on your next set of wheels.

Get in touch now.