CORONAVIRUS (COVID 19)
​​​​​​​ADDITIONAL SUPPORT

We will defer your payments one month at a time. Each month you will receive a letter confirming your next payment date has been moved by one month. This letter will tell you how much you will pay each time we defer your payments. You will need to add up the amount shown in each of the letters to work out the extra amount that you will pay overall.

• When your payment holiday ends you will restart your monthly payments. Your monthly payment will be for the same amount as before your payment holiday. 
  

• If you have been charged an extra interest amount for taking a payment holiday, you will not pay this until after your last payment. If the extra interest amount is more than your monthly payment, it will be split over a number of months. This means that you will not pay more than your normal monthly payment each month.

• The due date for your monthly payments will likely have changed as a result of taking a payment holiday. You will have received a letter from us telling you the new payment date. You can also check your payment due date by logging into your online account* and checking the ‘My account’ screen.

• If you cancelled your Direct Debit, please reinstate it before your monthly payments are due to restart. You can do this by logging into your online account* and selecting 'Update bank details’. You will then need to enter your sort code and account number. You will need to reinstate your Direct Debit at least 8 working days before your next payment is due.

• If it is too late to reset your Direct Debit for when your payments restart, you can make a payment by debit card using the “Make a payment’ option in your online account.

• If you are unsure whether you cancelled your Direct Debit, you can check if it is still active with your bank. You should be able to find this information on your bank’s online banking or mobile banking app. If not, you will need to call your bank.

*If you are a business, you may not be able to use our online service. If you are unable to use the online service, call us on 0344 8248888

Keep the vehicle

If you wish to keep the vehicle, you will need to pay the optional final payment. You can do this online or by calling us on 0344 8248888 and selecting the make a payment option.

Return the vehicle

If you wish to return the vehicle to us, we can arrange this for you. There may be a delay as the company that collects vehicles is working hard to arrange collections now that their services have restarted. 

If your end of contract date is more than 28 days away, you do not need to take any action at the moment. Please come back to us when your end of contract payment date is within 28 days and we will tell you what to do.

If your end of contract date is within 28 days, you should do the following:

• Email us at Mbox-PCPReturns@lbgassetfinance.co.uk to confirm that you wish to return the vehicle.  You will need to include your agreement number. We will be back in touch as soon as we can to arrange collection.

• If you have not already done so, please cancel your direct debit so that no further payments are made to us.  Your agreement will be placed on hold until the vehicle is collected. You will not be charged any late payment fees.  We will also ensure that there is no negative impact on your credit file.

• You must stop using the vehicle with effect from your end of contract date. This is the due date for your optional final payment. You will find this in the reminder letters that we sent you advising that your contract is coming to an end.

• You can cancel your motor insurance after the end of contract date. We will arrange cover for the vehicle. You must not drive the vehicle as you will not be insured to do so.

• You can apply to the DVLA to SORN the vehicle so that you do not have to continue paying road tax. Usually, if you SORN a vehicle, it must be kept off a public road.  The DVLA has confirmed that this is still the case but they may consider a more lenient approach if they think it is right to do so.

• You will need to keep the vehicle safe and in your possession until we collect it. We do ask that you ensure the vehicle is maintained. Please top up oil and water levels when needed and start the engine and let it run for 15 minutes each week.

You will still have to pay any charges that may be due if you have exceeded the mileage allowance.  You will find your mileage allowance and excess mileage rate on your agreement. You will also have to pay any charges that may be due for damage to the vehicle other than fair wear and tear.  We will contact you about any charges that may be due AFTER the vehicle has been collected.

We are sorry we have not been able to collect your vehicle yet. The company that collects vehicles for us is working hard to keep your wait to a minimum now that their services have restarted.  We will be back in touch as soon as we can to arrange collection.

We understand you may have some questions about what this means for you in the meantime so we have provided more information below:

• If you have not already done so, please cancel your direct debit so that no further payments are made to us. Your agreement will be placed on hold until the vehicle is collected. You will not be charged any late payment fees. We will also ensure that there is no negative impact on your credit file.

• You must stop using the vehicle with effect from your end of contract date.

• This is the due date for your optional final payment. You will find this in the reminder letters that we sent you advising that your contract is coming to an end.

• You can cancel your motor insurance after the end of contract date. We will arrange cover for the vehicle. You must not drive the vehicle as you will not be insured to do so.

• You can apply to the DVLA to SORN the vehicle so that you do not have to continue paying road tax. Usually, if you SORN a vehicle, it must be kept off a public road.  The DVLA has confirmed that this is still the case but they may consider a more lenient approach if they think it is right to do so.

• You will need to keep the vehicle safe and in your possession until we collect it. We do ask that you ensure the vehicle is maintained. Please top up oil and water levels when needed and start the engine and let it run for 15 minutes each week.

You will still have to pay any charges that may be due if you have exceeded the mileage allowance.  You will find your mileage allowance and excess mileage rate on your agreement. You will also have to pay any charges that may be due for damage to the vehicle other than fair wear and tear.  We will contact you about any charges that may be due AFTER the vehicle has been collected.

We are sorry we have not been able to collect your vehicle yet. The company that collects vehicles for us is working hard to keep your wait to a minimum now that their services have restarted.  We will be back in touch as soon as we can to arrange collection.

We understand you may have some questions about what this means for you in the meantime so we have provided more information below:

• If you have not already done so, please cancel your direct debit so that no further payments are made to us. Your agreement will be placed on hold until the vehicle is collected. You will not be charged any late payment fees. We will also ensure that there is no negative impact on your credit file.
  

• You must stop using the vehicle now.

• As you will not be using the vehicle, you can cancel your motor insurance. We will arrange cover for the vehicle. You must not drive the vehicle as you will not be insured to do so.

• You can apply to the DVLA to SORN the vehicle so that you do not have to continue paying road tax. Usually, if you SORN a vehicle, it must be kept off a public road.  The DVLA has confirmed that this is still the case but they may consider a more lenient approach if they think it is right to do so.

• You will need to keep the vehicle safe and in your possession until we collect it. We do ask that you ensure the vehicle is maintained. Please top up oil and water levels when needed and start the engine and let it run for 15 minutes each week.
  

• When you told us that you wanted to terminate your agreement, we wrote to you explaining how this works. In this letter, we explained if a further sum would need to be paid. If a further sum is due, you should pay this as soon as you can as it became due when we terminated your agreement. If you do not pay this sum, we will contact you after we have collected the vehicle to discuss how you can pay it.
  

If your income has been impacted by coronavirus, we have a range of options to help you. We may be able to give you a payment holiday or offer you other help if you need it to give you time to get back on your feet. See the Payment Holidays section above for further information.

If you want to end your agreement and return the vehicle, please send an email to ​​​​​​​Collections.VTMailbox@lbgassetfinance.co.uk. You will need to include your agreement number and a telephone number so that we can call you back. We will call you back as soon as we can to explain how this works. We are receiving a very high number of calls and emails at present so it may take us a few days to call back.

We ask that you ensure the vehicle is maintained in accordance with the manufacturer’s handbook including topping up oil, water and tyre pressures regularly.   

Please read the AA’s advice on how to look after your vehicle if you are not using it regularly.  

For diesel cars (from 2009) fitted with a Diesel Particulate Filter (DPF) please read the AA’s advice on how to maintain the performance of the DPF.

If your vehicle is registered in Northern Ireland (NI).  From 20th July 2020 test centres started back up on a phased basis and with decreased capacity.  This means if you have a certain type of vehicle, you may be able to book an MOT.  If you can book an MOT, a Temporary Exemption Certificate (TEC) will no longer be issued.   If you can’t book an MOT, the TEC will still be available.  Please see the NI Governments website for more information about vehicle testing www.nidirect.gov.uk

In all other areas, MOTs were reintroduced from 1st August 2020.   If the MOT was due before 1 August  you will still receive a 6-month exemption from testing but you can get an MOT done before the end of the 6 month exemption if you want.   All vehicles must continue to be properly maintained and kept in a roadworthy condition.  

You can read more information on the Government’s website www.gov.uk

If your MOT was due before the 6 month exemptions started the MOT must still be arranged. You should check the circumstances for which you can drive your vehicle if the MOT expired prior to 30th March. All vehicles must be kept in a roadworthy condition and garages will remain open for essential repair work.

Department for Transport Website: https://www.gov.uk/guidance/coronavirus-covid-19-mots-for-cars-vans-and-motorcycles-due-from-30-march-2020

You can change your payment date online. Select the ‘change payment date’ button. You will be shown the amount that will be due for changing your payment date. You will need to make the changes at least 5 days before your next monthly payment is due. If you are unable to process a payment date change online, you can call us on 0344 8248888. 

You can make a payment online. Select the ‘Make a payment’ button.  You can also make a payment by calling us on 0344 8248888 and selecting the ‘Make a payment’ option.

You can change your address online.  Select the ‘Update address’ button and you can input your new address.

You can change your bank details online. Select the ‘Update bank details’ button and you can input your new bank details.

You can obtain a settlement figure online. Select the ‘settlement figure’ button.  You can also obtain a settlement figure by calling us on 0344 8248888 and selecting the settlement figure option.

You can obtain a statement of account online. Select the ‘Request a statement’ button. 

You can update your contact details online. Select the ‘Update contact details’ button.

You can check details of your account online. You can check the balance, term, APR, last payment date and amount and your next payment date and amount.