The Latest on Motability Lease Extensions

The Latest on Motability Lease Extensions

In this article, we remind you of the latest when it comes to extending your lease through the Motability Scheme.

Previously, it was announced that automatic lease extensions on the Motability Scheme were to be reduced from two years to six months.

This was temporarily introduced by Motability due to supply chain issues. However, now these have improved, customers no longer need to wait for vehicles to become available.

The new six-month lease extension rule expired on 15th August 2024. So, what’s the current situation with lease extensions? Read on for all you need to know.

Can I get a lease extension on the Motability Scheme?

As of 15th August, lease extensions are no longer automatically applied. This means that if you do want to keep your current vehicle for longer, you’ll need to request one.

To do so, sign into your Motability Scheme online account and get in touch with the Customer Experience Team. You can also call 0300 456 4566 if you’d rather speak on the phone.

It’s important to note that lease extensions will only be granted in specific circumstances, so there is no guarantee. However, due to the wide selection of available vehicles, it’s unlikely that you’ll need one.

What if I am currently still in a lease extension?

If you took out a lease extension before the 15th of August, not to worry. You can continue with your extension until the end of the term before leasing your next vehicle. Then, when your lease ends, you will be ready to find your next Motability car.

Similarly, if your new vehicle is not yet ready, Motability will extend your current lease, so it matches up with your new one starting.

What are my other options at the end of a lease?

As a reminder, you will have a few other options available at the end of your lease:

Choose your next vehicle

When you are nearing the end of your lease, you should receive a letter from Motability telling you it is time to renew. You can start applying for your next vehicle as early as three months before the end of your lease.

Claim your Good Condition Payment

The Good Condition Payment is a shared commitment so your vehicle can be resold. A small sum of money is put aside by Motability, this is included in the cost of your lease as a form of guarantee. If you take care of your vehicle and hand it back in good condition at the end of your lease, you could be eligible to receive the payment. For more information, head to the Motability website.

Leave the Scheme

If you wish to leave the Scheme, this is also an option, and Motability will help you claim back your mobility allowance. However, with such a range of fantastic benefits as part of your worry-free package, it’s unlikely you’ll want to!

If your allowance ends

If your allowance ends before your lease, you will no longer be eligible for the Motability Scheme. However, Motability will provide a support package to help you through this.

Discover your next Motability vehicle

Ready to start searching for your next Motability vehicle? At Bristol Street Motors, you’ll find a wide range of vehicles from top manufacturers to choose from.

Start your search below or book an appointment at your local Bristol Street Motors dealership. Our friendly team will be happy to help with whatever it is you need. From helping you find your perfect vehicle to any adaptations needed to suit your needs.

Browse Motability car deals