ECOS End Of Agreement Process
End Of Agreement Process
ECOS End Of Agreement Process
A step by step end of agreement guide
Step 1
If you have not already placed a replacement vehicle order, you will be contacted approximately four months before your agreement is due to terminate to choose your next vehicle.
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Step 2
To continue to participate in the scheme you must comply with all scheme policies stipulated by your Centre.
Step 3
Your Scheme Co-ordinator will either generate your vehicle request online or complete an Employee Eligibility Form and send this either by fax or email to Car Benefit Car Schemes.
Step 4
You will then receive a Credit Sale Agreement for your selected vehicle.
This process is the same as Step 3 - Quote, Order & Delivery Process.
Step 5
You will need to have any rectification work done which is required to bring your car up to the acceptable condition standard. This must be done before presenting the vehicle for inspection at your Centre and before taking delivery of your new scheme car.
Step 6
You will be asked to sign to confirm the vehicle's condition at termination and the final mileage reading. Any costs due to excess mileage or damaged/missing items will be taken when your salary is next paid.
Because payments are in arrears, your final monthly instalment will take place in the month you change your car. The first instalment for your new car will be deducted in the following month.
Please note that when returning your scheme vehicle you should ensure that you comply with all aspects of the End of Agreement checklist.