You can lose your driving licence for a multitude of reasons, however if this happens to you when you have taken out a car with The Electric Car Scheme, the car will need to be returned to the lessor and an Early Returns Fee as well as an damages or excess mileage fees will need to be paid by yourself, as the driver.
What is an Early Returns Fee?
An Early Returns Fee/Early Termination fee is a cost determined and taken by the lessor for the return of the car. This is typically made up of 50% of the remaining cost of the lease, but is subject to variation from the lessor and does not take into account any additional factors such as: excess mileage, damage above BVRLA’s fair wear and tear, and missing loose items. Any additional fees will be added on separately and is your responsibility to pay.
What are the options for the EV?
In this scenario, we would initiate a return of the vehicle to the lessor. We will assist in booking in collection.
Who should I get in touch with?
You should let us know as soon as possible so that we can best assist. You should also let your insurance provider know.
Summary: When am I liable for the Early Returns Fee?
In this case, you as the driver would be liable for all termination costs, including the Early Returns Fee, as well as any additional charges for damages, excess mileage etc.