Guys when the lease ends fo you get gcb right away into bank or is it a cheque ? Want to out this towards new vehicle if possible .
scott at present due to covid Motability are offering to pay the GCB in advance even if your lease is not up, they are classing it as a hardship payment but perfect for those that could do with it upfront to put towards AP,
if not then until now the payment has been in Cheque form But Motability have now introduced BACS payments, these are statements from motability
Motability Scheme customers who are experiencing temporary and exceptional financial need in relation to COVID-19 are able to access an advance of the £600 Good Condition Bonus (GCB) usually paid at the end of a lease.
This GCB payment can be brought forward to provide support during the COVID-19 lockdown, ensuring that customers in need have access to money during a period when they may need it most. Please note that customers who choose to take this payment early would not therefore receive a further GCB at the end of contract – a point when some customers like to put this towards an Advance Payment on their new car.
As customers use their mobility allowance for their lease instalments, paid directly from the Government, it is not possible to reschedule payments to be repaid later, so this arrangement offers an alternative route to flexibility for customers.
To help us to deal with requests from customers needing exceptional help as quickly and efficiently as possible, please complete our online form to request a call back from a member of our Customer Services team.
Alternatively you can call us on 0300 020 5050, but please bear with us, as we are currently experiencing a high volume of calls and you may have to wait longer than usual.
And
Following a successful pilot earlier this year which allowed Good Condition Bonus (GCB) payments to be made by BACS transfer, we’re excited to be taking another step forward on our digital journey.
We’ve now made this available to all dealers so they can offer eligible customers the option of receiving their GCB by BACS transfer instead of cheque.
What’s the benefit for the customer?
If a customer chooses to receive their GCB payment by cheque, it can take up to 10 days to reach them and then a further 3 to 5 working days to be in their account once the cheque is paid into their bank. BACS payments only take up to 5 working days and the customer doesn’t need to do anything to receive their payment, making it much easier and quicker for them to receive the money.