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Motability announced short lease extensions for some renewing customers

Motability announced temporary nine- or 15-month lease extensions for some renewing car customers affected by unusually concentrated lease endings.

Motability announced short lease extensions for some renewing customers

Source image: Motability Scheme. See the linked original report.

Based on the linked source; automatically prepared and checked against the original report.

Why extensions are being offered

Motability said pandemic effects, supply-chain difficulties and broader disruption in the vehicle market led many customers to extend leases while awaiting new vehicles. As a result, more leases than usual are scheduled to end around the same period. The organisation said the temporary option is intended to give eligible customers more flexibility when selecting their next vehicle.

How the option works

Eligible customers may be offered either a nine-month or 15-month extension. Motability said it would contact customers directly by email or letter with the option available to them. Extending is optional: customers can instead order their next vehicle through the normal process. For customers who accept, the existing lease terms remain unchanged throughout the extension period.

Eligibility and exclusions

The offer applies only to some renewing car customers approaching the end of their current lease, and Motability described it as temporary rather than a permanent change to its standard lease model. Customers already in a lease extension cannot extend again. Customers with a Wheelchair Accessible Vehicle, or with a Powered Wheelchair or Scooter, are not eligible for this option.

Sources & further reading

Motability Scheme — original report

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