Salary Sacrifice – your renewal options
Find out what happens when your salary sacrifice vehicle is coming to the end of its contract
Contract Renewal Options
When you are 12 months from the end of your current contract, you will need to consider what you would like to do next. Your options are:
Order a new vehicle
12 months before the end of the contract, we will invite you to quote on new vehicle options and place an order.
Buy the vehicle
If you wish to purchase your vehicle at the end of the contract, please contact the Ogilvie Customer Service Team to discuss. Each case is reviewed on a case-by-case basis.
Return the vehicle
If you do not want to order a new vehicle or buy your current vehicle, you can simply hand the vehicle back to Ogilvie at the end of the contract (subject to end of contract charges)
If you are looking for a new vehicle, remember ordering early allows Ogilvie to best manage the lead time and to deliver your new vehicle when your current contract expires.
If you are interested in a particular vehicle and are aware lead times are longer than 12 months, please contact the Ogilvie Customer Service Team to discuss further.
What to consider at the end of the contract
Excess Mileage
If when your vehicle is returned it is found to be over the agreed mileage, Ogilvie will charge an excess mileage cost. This cost will be calculated by multiplying the number of miles in excess of your scheme mileage by the rate per mile set out in your quote. This cost will be invoiced to your Employer, and they will then re-charge this cost to you through your salary.
End of contract damage
Please refer to the BVRLA fair wear and tear guideline BVRLA Guide
Ogilvie Customer Services Team
Telephone: 0330 333 1283
Email: help@ogilvie.co.uk
Contract Extension Options
If you wish to extend the period of your current contract, please contact the Ogilvie Customer Services Team to discuss your individual circumstances.
Formal extension
Ogilvie may be able to formally extend the contract by 12 months. The vehicle cannot be more than 4 years old by the end of the extended period.
Informal extension
Ogilvie may be able to informally extend the contract on a month-by-month basis. This may be required when waiting on delivery of a new vehicle order.
Please note extending the current contract is subject to the insurers agreeing to the revised period. Your deductions may alter if the motor insurance premium changes.
Change In Circumstances
If you have a change in circumstances or know of a reason which may impact your affordability, you need to contact the Ogilvie Customer Service Team.
Changes in circumstances may include but not limited to;
- Travelling more or fewer miles
- Looking to reduce working hours Looking to change roles
- Other changes in circumstances e.g., loss of licence.
Ogilvie Customer Services Team
Telephone: 0330 333 1283
Email: help@ogilvie.co.uk