Reply To: Why extending my lease makes sense….

#198107
kezo
Participant

    @Andy If you look at some of the the FAQ’s  it confirms you will receive £600gcb (£350 + £250) on your current car.

    I have ordered a vehicle but I’m waiting for it to arrive. Will I receive a £350 payment?
    If you ordered your vehicle before 1 October 2022, you’ll receive a payment of £350 shortly after you collect it.  This is because the vehicle was ordered when a higher amount of Good Condition Bonus was built into the lease.

    If you ordered after 1 October 2022, you will not receive this £350 payment.

     

    I already have a vehicle on the Scheme, but I’ve also ordered my next car and I’m waiting for it to arrive. What payments will I receive?
    If you’re an existing customer and ordered your next car before 1 October 2022 you will receive £350 for your current vehicle which will be paid in line with the timescales outlined under ‘Receiving your payment’.

    You’ll also receive a second £350 payment shortly after you take delivery of your new vehicle. This is because your new vehicle was ordered when a higher amount of Good Condition Bonus was built into the lease.

    If you ordered your next vehicle after 1 October 2022, you will not receive a second payment of £350.

     

    How much will I receive at the end of my lease?
    If you ordered your vehicle before 1 October 2022, you will receive a £350 early payment and then £250 at the end of a three-year lease, or £550 at the end of a five-year lease, if you return your vehicle in good condition.

    For orders placed from 1 October 2022, the Good Condition Payment is £250 at the end of a three-year lease or £350 for a five-year lease, if you return your vehicle in good condition.

    https://news.motability.co.uk/scheme-news/good-condition-early-payment/?_ga=2.178972960.502935924.1665579856-270245499.1665579844&_gl=1*1fwy3p2*_ga*MjcwMjQ1NDk5LjE2NjU1Nzk4NDQ.*_ga_TPX6W2TQ24*MTY2NTU3OTg0MC4xLjEuMTY2NTU4MDYwMi42MC4wLjA.#faq-2