The first course of action is to reach out to AVL before your contract expires.
Discussing your options early on helps you avoid any additional charges and sets the stage for a smooth transition.
If you’ve grown attached to your vehicle and aren’t ready to part ways, good news: you have the option to refinance the final payment and keep it!
AVL is more than happy to help you make this happen, simply get in touch and your dedicated contact will guide you through the process.
Should you choose to return the vehicle to the funder, it should be in a similar cosmetic and mechanical condition as when you took delivery.
While general wear and tear are acceptable The BVRLA fair wear and tear guide is worth looking at, it’s crucial to note that each funder has specific criteria outlined in your contract. Any damages beyond these terms will result in additional charges upon the funder’s inspection.
If you plan to return a vehicle with damages, we advise contacting AVL a few months in advance; we can often facilitate repairs at a lower cost than what the funder would charge.
For those looking to trade in their vehicle for a new one, early communication with AVL is advisable. This gives us time to secure the best price for your current vehicle and find your ideal replacement.
Once your new vehicle is chosen, AVL will request a settlement figure for your existing car and manage its sale.
If the sale price exceeds the outstanding finance, this equity can go back to you or be used as a deposit towards your new vehicle.
The end of your contract is a pivotal moment that comes with various options.
By understanding what’s available and communicating with AVL ahead of time, you can make this transition as smooth as possible.
As always, AVL is here to assist you every step of the way.
