Recent Updates to Lease Extensions on the Motability Scheme
Motability has announced that lease extensions are no longer available.
As part of your all-inclusive leasing package, Motability is here for you – whatever the circumstances. Over recent years, supply chain issues and long delivery times have been a common theme in the motoring industry.
To help combat this, Motability introduced lease extensions. This ensured that customers weren’t left without access to a car when their lease ended.
As supply chains have improved, Motability has announced the end of lease extensions.
What happens if I'm already on a lease extension?
The six-month lease extension ended on 15th August, but if you took out one before this date – don't worry. You can continue with the extension as normal until you need to start the search for your next Motability vehicle.
Are lease extensions available in special circumstances?
While lease extensions are no longer automatically applied, you can still request one from Motability. It’s important to note that they are not guaranteed, but they may be available in special circumstances.
You can request a lease extension by logging into your Motability Scheme online account or calling 0300 456 4566.
What happens now at the end of my lease?
The options at the end of your lease haven’t changed – you can still:
Renew your lease
You will receive a letter from Motability around three months before your lease is due to expire.
If you decide to renew your lease, we’d recommend starting the search right away for your next vehicle. You will need to submit a new application which can be done at your nearest dealership or via your online account.
Hand the vehicle back and leave the Scheme
If you decide not to renew your lease, you can hand the vehicle back and leave the Scheme. But you will miss out a range of great benefits that the Motability Scheme offers.
Before handing the vehicle back, you will need to arrange an MOT (the cost of this is covered by your lease). As well as returning any documents or spare keys that were provided with the car.
After you hand the vehicle back, your full Mobility Allowance will be reinstated.
All your Motability needs – in one place
At Vertu Motors, we have a dedicated team of Motability experts across our nationwide dealerships. From choosing the right car, to specialist adaptations, we are ready and waiting to help.
Whether you are thinking of joining the Scheme, or renewing your lease, book an appointment at your nearest dealership today.