If something changes unexpectedly with your personal circumstances, the last thing you want to be worrying about is your van or car. That's why, with our Loss Of Earnings & Life Event Cover on vans and our Redundancy & Life Event Cover on cars, during the life of your contract, we'll help negotiate a settlement figure for you to return your vehicle, without any additional cost to you.
What Does This Cover?
As well as covering you if you lose your job unexpectedly, this also covers you for other unexpected life events including divorce or dissolution of a civil partnership, disability and death.
So, if you suddenly find yourself in a situation due to one of these events and you need to return your vehicle, we'll cancel your agreement and refund any charges.
What If I Am Self-Employed Or Running A Business?
If you're self-employed or running your own business and need to return your vehicle earlier than expected due to loss of earnings, we've also got your back.
If you need to return your vehicle early, the finance company will normally charge half of your remaining rentals. Given lease agreements are up to 5 years, this could still cost thousands of pounds if you're only 1 or 2 years into your agreement.
If you're self employed we'll negotiate a flat-rate charge of 6 months' rentals, so even if you have a few years left on your contract you can return your vehicle hassle-free. If you have less than 6 months left on your contract you will only need to cover what is left.
You will still be able to return your vehicle for no cost due to other life events including divorce or dissolution of a civil partnership, disability and death.
How Do I Claim?
We hope you don't find yourself in this position, but if you do, simply give us a call on 01442 838 195.
We'll need you to send us written evidence supporting the change in your circumstances. Once we have this we'll speak to your funder about cancelling your contract and negotiating a settlement figure. The funder will advise of the charges and we will refund these back to you.
You can read the full terms & conditions here.