Common use of – Keep Owning Option Clause in Contracts

– Keep Owning Option. You can choose to keep owning the Vehicle by either paying us, or re-financing, the Final Payment amount. If you want to re-finance the Final Payment amount (that is, borrow more money to pay for this amount), you must tell us in writing at least 30 days before the Due Date and enter into a variation of the Finance Agreement, but you will only be able to choose this option if you meet our normal credit criteria at that time in which case: • we will advise the terms and conditions that apply to the varied Finance Agreement; and • the interest rate that will apply to the varied Finance Agreement will not be more than the higher of the interest rate that applies under the Finance Agreement at the time you choose this option, or our then-current interest rate for similar borrowers.

– Keep Owning Option. You can choose to keep owning the Vehicle by either paying usyour financier, or re-financing, the Final Payment amount. If you want to re-finance the Final Payment amount (that is, borrow more money to pay for this amount), you must tell us in writing at least 30 days before the Due Date and enter into a variation of the Finance Agreement, but you will only be able to choose this option if you meet our the normal credit criteria at that time in which case: • we will advise the terms and conditions that apply to the varied Finance Agreement; and • the interest rate that will apply to the varied Finance Agreement will not be more than the higher of the interest rate that applies under the Finance Agreement at the time you choose this option, or our then-current interest rate for similar borrowers.

– Keep Owning Option. (a) You can choose to keep owning the Vehicle by either paying us, or re-financing, the Final Payment amount. or (b) If you want to re-finance the Final Payment amount (that is, borrow more money to pay for this amount), you must tell us in writing at least 30 days before the Due Date and enter into a variation of the Finance Agreement, but you will only be able to choose this option if you meet our normal credit criteria at that time in which case: •  we will advise the terms and conditions that apply to the varied Finance Agreement; and •  the interest rate that will apply to the varied Finance Agreement will not be more than the higher of the interest rate that applies under the Finance Agreement at the time you choose this option, or our then-current interest rate for similar borrowers.