Terms and Conditions

LGI Disposal Service by Autorola

• Please contact the insurer for full policy terms and conditions.
• The conditions below relate to the service provided by Autorola Australia to sell a vehicle under the LGI program
  
• Autorola's LGI Disposal or Remarketing Service is available exclusively to all Lifestyle Guarantee Insurance (LGI) policy holders. Confirmation of an LGI decision to use the Disposal or Claim service can be made at www.lifestyleguarantee.com.au
  

• The vehicle must be sold using the Autorola LGI Disposal Service
  
• The vehicle must receive a Vehicle Appraisal by Autorola or their nominated appraisal agent
• The appraisal or any subsequent appraisal must occur at around 45 days prior to lease expiry and no later than 22 days prior to lease expiry
  
• The vehicle appraisal must be deemed by Autorola to show that the vehicle adheres to the AFLA Fair Wear and Tear guide: Fair Wear & Tear Guide
  

• Vehicles over the Km limit will be ineligible - please refer to your LGI Product Disclosure Statement
  
• The free appraisal will be emailed in PDF format
  
• Decision to use the Disposal Service must be made 60 days prior to your lease expiry.
• Vehicle must be made available for final pickup on or around 2 days prior to Lease Expiry
• The vehicle must still be within condition standard at the time of pickup including all service books, keys, spare tyre tools.
• Any item on or with the vehicle that is or will be removed between the time of appraisal and vehicle pickup must be notified to Autorola at ericinsurance@autorola.com.au
  
• For the APV to be paid to the financier the amount owing to the financier must be equal to the Agreed Purchase Value
• The amount owing to the financier will be provided to the insurer and Autorola in the form of a final payout letter from the financier
  
• All funds owing above the Agreed Purchase Value amount must be paid by The Insured. Neither Autorola or The Insurer will not be responsible for funds owing above the Agreed Purchase Value.
  

• The Likely Market Value is obtained using Glasss Guide Valuation Service on or around 90 days prior to your lease expiry

• Vehicle sale prices can be affected by vehicle condition, market conditions, location and depreciation - The Likely Market Value is a guide only, and is not guaranteed in any way.
  

• There are no up front costs to opt-in to the Disposal or Claim service, but the following costs may be incurred depending on individual circumstances;
• Where a vehicle sale price achieves over the APV, $175incGST will be deducted from the sale proceeds above the APV
• Where repairs have occurred on a vehicle deemed outside of the AFLA Fair Wear and Tear standard a second Vehicle Appraisal will be required for the Agreed Purchase Value to remain protected under the LGI program
  
• The second or subsequent Vehicle Appraisal(s) will be charged at $118.58incGST Appraisal Fee per appraisal
• The Appraisal Fee payable prior to the second or subsequent Vehicle Appraisal being booked
• Autorola is not responsible for any fees or outstanding amounts owing on the finance contract. The payment of the Agreed Purchase Value is the only amount that will be paid to the financier subject to the conditions of the program.
  

• The vehicle will be offered in an Autorola Online Auction around 10 days prior to lease expiry
• A maximum of the APV will be paid to your financier at lease expiry only where eligible
• Vehicles eligible for payout of the APV are either 1) confirmed as eligible for payout by the insurer because the highest auction offer is below the APV or 2) have achieved higher than the APV in auction and the sale funds will be used by Autorola to pay the APV to the financier
  
• Any funds above the APV will be remitted directly to The Insured less $175incGST. This payment will be made after the vehicle is picked up and final condition verified
• Any offer from the auction stands for no longer than 48 hours
• An example vehicle listing can be viewed by clicking the Autorola logo at the top of this page