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Ending Your Agreement Early

Solutions (PCP), Lease Purchase and Hire Purchase

Thinking of ending your agreement early? You can obtain a settlement quote instantly by calling our automated Settlements Line, which is available 24/7. Please make sure you have your agreement number, a pen and paper to hand (your agreement number is the long number on your agreement paperwork beginning 000044013). A copy of your settlement figure will be posted to you.

Simply call 0330 100 8926

If you are looking at replacing your current vehicle for another from the same brand, we recommend speaking to your local retailer for more information:

Find your local retailer / centre. Click the brand logo relevant to you below:

Alternatively, you can complete the form below and we will process your request within 48 hours:  

Settlement Quote Request Form

Contract Hire

If you are you thinking of ending your Contract Hire agreement sooner that the agreed expiration date, we can provide you with an Early Termination quotation which to bring your contract to a close.

The quotation is based on a percentage of the remaining balance left to pay on your agreement, this can be between 45-75% depending on the length of your agreement and at which point of the agreement you are currently at.

Once the Early Termination amount has been paid, our agents at British Car Auctions will be in contact to arrange a convenient time for your vehicle to be inspected and collected.

Please note if you do go ahead with the Early Termination your Mileage allowance will be prorated and you may incur excess mileage charges as a result.

If an Early Termination of your contract does seem beneficial, you can request a quote by completing the form below. 

Early Termination Quote Form - Contract Hire

Finance Lease

If you are you thinking of ending your Finance Lease agreement sooner that the agreed contract end date, we can provide you with a settlement quote. You are required to sell the vehicle to a financially unrelated third party.

If you sell the vehicle for more than the settlement amount, you are entitled to 100% of the proceeds. If the vehicle is sold for less, you will be liable for the shortfall.

If you would like to settle your agreement early, you can request a quote by completing the form below and you will receive your quote within 48 working hours.

Please note: You must sell the vehicle for fair market value.

 

Early Termination Quote Form - Finance Lease

 

Once you have found a buyer, there is another form on our website with which you can request an invoice to be raised. You can find this here.

Quotes are free and non-obligational. If you do not wish to proceed, simply disregard the quote and continue to pay your monthly instalments. 

 

Finance Lease Invoice Request 

If you have a valid settlement figure for your finance lease vehicle and have arranged a sale with a financially unrelated third party buyer, we will need to raise an invoice to them which will include instructions on how to make payment in order to settle your lease.

Please note: You and the buyer will receive a sales invoice within 2 working days via email. A copy will also be sent in the post to the buyer for their reference.

If you sell the vehicle for more than the settlement amount, you are entitled to 100% of the proceeds. If the vehicle is sold for less, you will be liable for the shortfall.

Invoice Request Form