I have say that if it was not the attraction of going electric, I would probably extend my lease. There are precious few offerings at present which appeal, some which would “do”, but many that come with huge AP´s.
I’m not a fan of lease extensions fwippers. I struggle with the notion of paying over £6k more to drive an ‘old’ car for its 4th and 5th year, on top of the £10k (plus AP plus options) that we have already paid for the first 3 years, even with the increased GCB. I’d feel as though I had bought the car after all of that outlay, yet you still hand it back with nothing to show for it! The attraction of Motability for me is getting a new car every 3 years.
I’m not as optimistic as most that the current appalling choice is solely down to the chip shortage and that things will improve significantly next year. It’s certainly a factor but I think that we are also seeing a repositioning of the scheme and not in a positive direction.
I’m relieved that we can now sit back and watch what happens to the scheme over the next few years. If things haven’t drastically improved by the time that we are 6 months from the end of our current lease, I think we might start looking at going private again, in which case we can get whatever we want (within reason) and not what we are ‘allowed’.