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As we head into the summer holidays many drivers are looking to travel across to Mainland Europe with their cars but if you’re in a lease car then you might be wondering what extra steps you need to take. Well don’t worry we’ve got all the details for you!
Along with all the normal things you’ll need to do when travelling in a lease car you also need to request a VE103 from the lease funder.
We’ve rounded up everything you need to know about VE103s and what you need to do to get one in order to make the process as easy as possible.
What is a VE103?
A VE103 is a legal document that shows although you are not the registered owner or keeper of the vehicle you are authorised to drive and travel with it. It is essentially the leasing alternative to a V5.
Where to Get a VE103
You will need to request the VE103 from your lease funder as they are the ones who hold the V5 and will issue the VE103 to you.
If you have leased your vehicle through a broker, like us, then they may be able to request the documentation for you. However, you should be prepared to talk to your funder yourself as they may need your permission or to advise on a charge.
What You Need to Get a VE103
There are a few details that you will need to provide in order to get a valid VE103 certificate. These are:
- The vehicle registration
- The full name as appears on the driving licence of any drivers
- The full address as appears on the driving licence of any drivers
- The dates of travel
- The countries you are visiting
Some funders may also ask you for the vehicle mileage so we recommend making a note of this as well before you contact them.
It’s important that the names and addresses match the driving licence of any driver who will be driving the vehicle whilst travelling as officials will use them to confirm the VE103 is valid.
When to Get a VE103
You’ll need to get in touch with your lease funder around four weeks before you travel. This is because some funders advise it can take this long to complete the process and for the paperwork to reach you.
It’s important to know that you will need the physical VE103 certificate when you are travelling which has to be posted to you and so can take a little time to arrive.
How Much Does It Cost to Get a VE103?
The exact cost will depend on your funder but most charge an admin fee of around £10 to £20 for completing the paperwork for you.
When you speak to your funder to request the documentation they should be able to confirm their charge, if there is one, and how this is payable.
How Long Does a VE103 Last?
A VE103 will be valid for one year, provided that none of the details change. This means that once you have your VE103 you can use it multiple times within that 12 month period provided the vehicle, drivers and countries of travel don’t change. However, if there is a change such as an updated home address or name you will need to request a new VE103.Back To News