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Request a Novation to transfer your lease agreement

A Novation is the official term for transferring your lease agreement from one party to another. The new hirer takes over the existing contract with no amendments, although they may be able to amend the term or mileage after the Novation has been completed.

You might need to request a Novation when a business is acquired or merged, or if the existing hirer no longer needs the vehicle, or is in insolvency. However, agreements can only be transferred to and from any public/private limited or unlimited company, or large partnership.

To Novate your Alphabet vehicle, the agreement must have at least 6 months left on it, and all payments must be up-to-date. There is also a fee of £250 for the first vehicle (plus £25 for each additional vehicle on the request.) These charges are subject to VAT. 

If your vehicle is taken out within a company car scheme, you'll need to discuss with your fleet manager before contacting us to request a Novation.


Request a Novation

Fill in our request form to get started with your Novation.

Request Information:

Alphabet (GB) Limited would like to keep in touch with you from time to time. In order to ensure that you receive relevant and personalised communications, we will use your data to create an individual customer profile and we may share your personal data between BMW Group companies, authorised suppliers of products and services where relevant. This may include data you have provided to these companies, or which is generated by your use of Alphabet products, for example contact details, preferences, customer history. Further information can be found in Alphabet's Privacy Policy.

You can amend or withdraw your consent at any time by contacting Alphabet at or by phoning us on 0370 0120 396. You are also able to request information about your data stored at Alphabet as well as request correction, deletion or restriction of your personal data.

Speak to our expert team about requesting a novation

You can email us:  
Or call us: 0370 0120 301

Hi, I am Alphie. How can I help you?