End of your Contract Purchase agreement.
As your Contract Purchase agreement reaches its term, you need to think about what you'd like to do at the end. We've detailed your options below, and if you have further questions, please contact your Sales Administrator. Contact your branch.
Decide what you would like to do at the end of your contract.
Your dedicated Sales Administrator will contact you to discuss your plans for the end of your Contract Purchase agreement. You will have three main options available to you:
1. Hand your vehicle back.
If you would like to hand your vehicle back, your Sales Administrator will arrange the collection with the funder at a time convenient for you. Make sure you're ready for collection.
Note that you may be charged for unfair wear and tear, and/or any damage or missing service history (if applicable). See our Fair Wear and Tear guide here. Excess mileage charges (if applicable) will also be charged.
Your Sales Consultant may also contact you to discuss ordering a replacement vehicle if this is how you would like to proceed.
2. Purchase your vehicle.
If you would like to purchase your vehicle, the process you must follow will depend on whether your contract agreement is Unregulated or Regulated. Your Sales Administrator can clarify this if you are unsure.
Unregulated - Contact your Sales Administrator, who will obtain a settlement figure.
Regulated - You will be invoiced for the Final Instalment together with an Option to Purchase Fee following the contract end date.
For both agreement types, excess mileage over and above contracted mileage may be charged on the service element only (if applicable). Once the final payment has been made, the vehicle will belong to you. The DVLA will be notified of the keeper change by the funder.
3. Extend your Contract Purchase agreement.
This option is only available to Unregulated agreement types. The vehicle cannot be returned if you take this option.
There is nothing you need to do to extend the agreement term. After the end date, your agreement shall continue for a maximum of 12 months further, after which, 60% of the original instalment, together with the £10.00 option to purchase fee, will be invoiced.
For more information about what happens at the end of your contract, please visit our End of Contract page or click the links below.