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Finance Payment Waiver

What is a Payment Waiver?

If you are a private customer with a Personal Contract Purchase, Conditional Sale or Personal Finance Lease contract, Payment Waiver is included as standard within your contract. This allows our customers to waive up to six monthly instalments, in the event of certain circumstances such as redundancy.


How to qualify for a Payment Waiver

We know unemployment can cause many concerns for people when considering a financial commitment. Our Payment Waiver will cover you if you are made redundant through no fault of your own, waiving up to six of your regular monthly payment, which you will never have to repay, we will pay them for you. However there are certain conditions that you will need to meet.

Should you still be unemployed after we have waived your six of your regular monthly payments, you will be given the option to hand back your vehicle and walk away from your agreement without any further financial liability, on the basis that your account is not in arrears. You can also pay off any outstanding arrears and still be entitled to walk away. Excess mileage and/or damage charges may apply.


What key conditions do I have to meet?

  • You have been in continuous full-time employment (i.e. 16 or more hours per week paying class 1 National Insurance as determined by HM Revenue and Customs) with no more than two employers for at least six months before asking us to apply the waiver;
  • You have been made unemployed involuntarily through no act, fault or omission of your own;
  • You have been unemployed for a continuous period of 30 days;
  • You will need to give us full written details of your employment before we can apply the waiver; and
  • For each month you’re unemployed (and want to apply the waiver) you give us written proof of your unemployment.

If at the end of the six months period you continue to be unemployed and unable to pay your regular monthly payments then you can hand the car back to us. If you do this, we will waive all future instalments (including any funded insurance), but you will have to pay:

  • Any previous arrears
  • Services charges
  • Excess mileage (calculated on a pro-rata basis)
  • Damage charges

Please note, this may not always be the best option for you. Depending on how long you have made payments to us or the amount of deposit you paid originally, you may wish to consider part exchanging or selling your vehicle to a third party. In which case, please contact us to discuss your options further. Whatever you plan to do, we urge you to contact us if you cannot make further payments, don’t delay and try to avoid defaulting on your agreement.


When we cannot apply the payment waiver?

  • You have not satisfied the criteria detailed above;
  • You were notified of a redundancy (such as a consultation period) or made redundant before entering into this agreement or within 90 days of the of the start of the agreement;
  • You have breached a term in this agreement (including non-payment);
  • You are over the statutory pensionable age at the time they become unemployed;
  • You have a fixed term employment contract or are a sole trader or in partnership; and/or
  • You are in employment

How do I ask for Payment Waiver to be applied?

You will be required to complete a Payment Waiver application form. The information you will need to submit in the form is as follows:

  • Your agreement number
  • Your name and address details
  • Your date of birth
  • Your contact information
  • Your most recent employer’s name and address
  • Your position
  • Your contracted hours per week
  • The start date of your employment
  • Your redundancy date
  • The date you registered for job seeker’s allowance
  • The date of your last job seeker’s allowance payment
  • Your national insurance number

Contact Us.


Terms & Conditions

Applicable only to retail customers. You must have been in continuous full-time employment (16 or

more hours per week paying class 1 National Insurance as determined by HM Revenue and

Customers) with no more than two employers for at least six months before the waiver can apply. The

payment waiver is only applicable if you have been made unemployed involuntarily through no act,

fault or omission of your own and you have been unemployed for a continuous period of 30 days. We

will require full written details of your employment before we can apply the waiver and for each month

you are unemployed and want to apply the waiver we will require written proof of your unemployment.


If at the end of the six-month period you continue to be unemployed and unable to pay your monthly

instalments then you can hand your vehicle back to us at no additional cost. If you choose this option,

we will waive all future instalments including any funded insurance, however, you will still have to pay

for any previous arrears, service charges, excess mileage (calculated on a pro-rata basis) and

damage charges. You could also consider part exchanging or selling your vehicle to a third party.


We will not be able to apply the payment waiver if any of the following reasons apply: you have not

satisfied the criteria detailed above; you were notified of your redundancy (such as a consultation

period) or made redundant before entering into your agreement or within 90 days of the start of the

agreement; you have breached a term in your agreement (including non-payment); you are over the

statutory pensionable age at the time you became unemployed; you have a fixed term employment

contract; you are a sole trader or in a partnership; you are in employment.


If you apply for a Payment Waiver, you will be required to complete a Payment Waiver application

form. The following information will need to be submitted: your agreement number; your name and

address details; your date of birth; your contact information; your most recent employer’s name and

address; your position; your contracted hours per week; the start date of your employment; your

redundancy date; the date you registered for job seeker’s allowance; the date of your last job seeker’s

allowance payment and your national insurance number.