If you’re a Motability customer, the end of your lease can sometimes feel like one more thing to worry about. You might wonder about the condition of your car, whether you’ll get charged for any damage, and how much money you’ll get back. Luckily, we’ve got some good news for you. By returning your car in good condition, you can receive a bonus payment. In this blog post, we’ll dive into the details of this program, what it means for you, and how you can make sure your car is in top shape before returning it.
What is the good condition payment?
First things first, let’s talk about what this program is. Essentially, it’s a way for Motability customers to be rewarded for taking good care of their cars. If you return your car at the end of your lease and it’s in good condition, you could receive a payment. The good condition payment is a shared commitment between Motability and the customer to ensure that the lease will return in good condition and can be resold.
What does good condition mean?
So, what does “good condition” mean? Essentially, it means that your car meets the guidelines set out by Motability. Small signs of wear and tear including damage caused by wheelchairs or other mobility aids, minor dents and small scratches are understandable but to be eligible for the payment the car should show no signs of serious damage.
How much is the good condition bonus?
Since October 2022, the Motability good condition bonus has been set at £250 for a three-year lease, or £350 for a five-year lease.
How will I receive the Motability good condition bonus?
The best way to receive your payment is by bank transfer, your details can be updated in your Motability online account. Payments by bank transfer should only take 5 days from returning your car or WAV being returned. If you don’t have an online account with your bank details set up, you will receive your money in the post via cheque.
How to ensure you receive the good condition payment?
So, how can you make sure your car is in good condition before you return it? The key is to stay on top of regular maintenance tasks, like oil changes and tyre rotations. You should also make sure that you’re keeping your car clean and tidy, both inside and out. If you do notice any damage to your car, it’s best to get it repaired as soon as possible, rather than waiting until the end of your lease. This can help to prevent further damage and ensure that your car is in the best possible condition when you return it. When leasing a car on the Motability scheme, services and MOTs are included in the price so make sure you get your car booked in on time!
Now, you might be wondering why this matters. Well, returning your car in good condition is not only good for your wallet, but it’s also good for the environment. By taking care of your car, you’re helping to reduce the amount of waste that’s created when cars are scrapped or recycled. Plus, you’re helping to ensure that someone else can enjoy your car once you’re finished with it.
Returning your car at the end of your lease can be stressful, but by taking good care of your vehicle, a good condition bonus is a nice reward at the end. This money can then go towards the Advanced Payment on your next Motability car!