Am I eligible for a car lease extension?
A car lease extension is at the discretion of the finance provider and is usually only allowed on Personal Contract Hire (subject to finance provider) and Business Contract Hire agreements.
A car lease extension will not be permitted where:
- The vehicle is not in the final 90 days of the contract
- A request has been submitted to add or remove maintenance, or a relief vehicle
- The customer is in arrears or is subject to Default or Insolvency
How much does it cost to extend a car lease?
For Informal Extensions, you will need to contact your finance provider directly to confirm the costs associated with an informal extension. You can find out the contact details for your finance provider by logging into your online Customer Account.
For Formal Extensions, we charge an admin fee of £100 excl. VAT for a six-month extension and £125 excl. VAT for a 12-month extension, subject to approval by the finance provider. This fee represents the costs incurred by Nationwide Vehicle Contracts for processing the extension on your behalf.
The contract extension fee is payable by debit or credit card or by BACs payment and will be taken on receipt of your signed finance documentation detailing the amendment.
Who handles the car lease extension for me?
All Informal Extensions are handled by the finance provider so you will need to contact them directly to see if you are eligible for an Informal Extension. You can find the contact details for your finance provider by logging into your online Customer Account.
For Formal Extensions, if your current lease contract is with ALD Automotive (for Contract Hire only), Arval UK, Novuna Vehicle Solutions or Leaseplan, Nationwide Vehicle Contracts will handle the contract extension process for you. To request a Formal Extension, please follow the instructions below.
All other finance providers, including Lex Autolease, are handled by the finance provider, so you will need to contact them directly to request an extension quotation.