End of contract
What to do at the end of your agreement
When your contract is over, you have a couple of options. Would you like to lease it for longer or buy your vehicle? Depending on your contract you may be able to. Otherwise, you need to arrange for us to collect it.
Purchasing your vehicle - your options
Contract Purchase If you want to purchase your vehicle, you will need to pay the residual balloon value agreed at the start of the contract, plus an 'option to purchase' fee.Lease Purchase At the end of the contract you own the vehicle. This can be sold on or part-exchanged once the final instalment (if applicable) is paid.Finance Lease Sales agency agreement, you can never own the vehicle. Must be sold to an independent third party for realistic market value. You retain 98% of the sale value. 2% of the sale value and finance repaid to Ayvens.Contract Hire With Contract Hire agreements, things are a bit more complicated, as we are not allowed to sell the vehicle to the company hiring it, because this would breach tax and VAT regulations. However, if the company gives permission, the vehicle can potentially be sold to a company director, employee, friend or family member. To get a quote, the vehicle needs a valid MOT and fewer than 150,000 miles on the clock.
Looking to purchase your vehicle?
Complete the form below and one of the team will be in touch
Returning your vehicle
Handing your vehicle back to us
If you wish to return your vehicle to us at the end of your agreement, there are a number of things to consider, including arranging collection in advance, any damage that your vehicle may have suffered as well as what happens on the day of collection.
Returning your vehicle
Any other questions?
Visit our Help pages to find out more
