#ALPHA BMW FINANCE PLUS#

You’ll be charged for the excess mileage rate shown in your agreement and will be invoiced for this amount once the vehicle has been returned. I’m handing my vehicle back but I’ve exceeded my mileage, what happens next? Please retain section 9 of the V5C, as you’ll need to complete and send to the DVLA once the vehicle has been collected. If you’re an ALPHERA Select customer, you’ll also need to send us the V5C and MOT certificate at least seven days before the collection date. Our appointed logistics company will inspect your vehicle and you will be charged for any damage that falls outside of the British Vehicle Rental and Leasing Association (BVRLA) ‘Fair Wear and Tear Guidelines’, click here for a copy. You must also have made all monthly payments*** under the agreement to secure collection. You’ll be charged a daily fee if your car or motorcycle hasn’t been collected by its end of contract date. I’m returning my vehicle, how do I arrange collection?Īt least 10 days before the end of your contract date, call us on 0370 5050 125 to arrange a date for the inspection and collection of your vehicle. Restrictions around term and mileage will apply. First of all, please speak to your local ALPHERA Partner. If you have an ALPHERA Select agreement, it may be possible to reschedule your final payment subject to our underwriting criteria. With ALPHERA Select and ALPHERA Hire Purchase, you make your final payment, including the option to purchase fee, and the vehicle is yours to keep**.Ĭan I keep the vehicle and reschedule my final payment? I’d like to keep my vehicle, what should I do? Simply visit your local ALPHERA Partner who’ll be able to explain the options available and give you all the help you need to find the right vehicle and financial solution for your individual needs. The easiest way to drive away in a new car or motorcycle is to part exchange your current vehicle*. I’d like to choose another vehicle, what should I do? If you choose to voluntarily terminate your agreement, you’ll need to pay for any excess mileage or damage deemed to be outside of fair wear and tear. You must pay at least 50% of the total amount payable under the agreement, minus sums that you have paid and sums that are due. Under the Consumer Credit Act 1974 you have the right to end your agreement and hand back the vehicle at any time before your last instalment is due. Once we’ve received the notification, we can’t reverse the transaction. You’ll need to make this payment within 30 days of notifying us.

#ALPHA BMW FINANCE PLUS#

You can obtain a settlement figure by logging into your MyALPHERA Finance account or calling our Customer Service Centre on 0370 5050 125.ĭepending on your agreement type, you might be able to withdraw from your finance agreement within 14 days of signing, by paying back the balance financed, plus any interest.

If you’re ready for a change earlier than you expected, you can end your agreement early at any time by paying the settlement figure.

Alpha bmw finance