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Observation
Just looked to see what the AP of BYD were
Lol how on earth can they justify that kind of money when you look at the cars actual selling cost
I expect there are a few more jokers like this that could be added to the list
Thoughts on other High APs?
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High APs? Given how they have ballooned over the past few years, this would be a very very long list!
IMO, given that even a car with a nil AP costs us £12,000 the overwhelming majority of APs are now too high.
In 2021 we got a £42k BMW for an AP of £2,750 (well, we actually got a £500 discount off that making it £2,250). Fast forward 3 years and sadly the replacement for that car is no longer on the scheme (just the EV equivalent, which I test drove 3 times but didn’t like anywhere near as much) but, if it was, I suspect that the AP would now have doubled.
Alot of the AP’s don’t make sense, especially when you factor in sacrified benifits over 3 years.
Looking at the BYD Dolpin Design PCP deal with the manufacturer – one can be had 0% for £309 month with £309 deposit and free servicing. Walk away after the period to avoid the balloon payment and enter another deal or rejoin the scheme. Or a similar deal on the same car can be had from Carwow, with 9 months upfront and £249 month depending on colour.
Generally, leasing a car (and life in general) has become more expensive and, apart from the odd discounted deal, the monthly payments have gone up quite a bit. Motability can’t increase their monthly payments so they have to front-load the prices, because their prices are governed by what, if any, discount the manufacturer offers them, is the way I see it. The days of low interest rates, cheap raw materials and cheap motoring are behind us, it seems.
This article is about a year old but it answered some questions for me https://www.letstalkleasing.co.uk/news/industry-news/Why-have-some-car-lease-costs-increased-a-lot-in-2023#:~:text=Automakers%20periodically%20adjust%20their%20prices,depreciation%20over%20the%20lease%20term.
I expect things do go up in price but in a today comparison Renault offer for instance the superior top Renault Megan for £395 AP then you do wonder how some APs can be justified.
I rest my case lol
Friday 15th November 2024 – Vehicles on the Scheme – 996 Change +4
Ford +4 (electric)
Capri +4 £4995 – £6795 Advance Payment
It is obvious and I have mentioned it previously, that inflation will take its toll and AP,s must rise. All because of inflation, it doesnt matter what AP you paid the past 20 years, it is changing now. Car insurance used to cost £200/year, 4 years ago its now £350.
Motability take the hit, we do not notice.
BYD is, or will be hit by EU tariffs. What the EU does, we follow suit. Dont forget French cars are heavily subsides by their Govt.
But everywhere prices go up and never come down.
It is difficult for everyone.
“But everywhere prices go up and never come down.”
Apart from TV’s 🙂 When I used to sell them in the eary 70’s a top of the line “huge” 26″ was about £250
nowadays you can get a 24″ for £100 or a (horrible) Bush 55″ for £250!.If only cars were the same :p
Please excuse spelling/typos. Apart from being a clot it turns out I had one on my cerebellum that's now causing various problems!
It is obvious and I have mentioned it previously, that inflation will take its toll and AP,s must rise. All because of inflation, it doesnt matter what AP you paid the past 20 years, it is changing now. Car insurance used to cost £200/year, 4 years ago its now £350. Motability take the hit, we do not notice. BYD is, or will be hit by EU tariffs. What the EU does, we follow suit. Dont forget French cars are heavily subsides by their Govt. But everywhere prices go up and never come down. It is difficult for everyone.
Don’t forget to factor in the PIP Motability increase that Motability will get per scheme member for doing nowt, I did read somewhere that scheme customers is now over 800,000.
Im not sure but Isn’t the French Gov subsidy just for French car buyers at the point of sale?
My point is yes I know things do and will go up in price but I fail to see right now today
Not later when tit for tat tariffs are here
In fact manufactures are flapping
In fact right now today Car makers are slashing new EV prices by up to a THIRD in desperate bid to meet binding end-of-year sales targets
This underscores my main point
Quite simply how ( example only) can a so called Capri warrant a AP of £4995 – £6795 Advance Payment when right now better cars have much lower APs
Maybe we will see a desperate last minute drop in APs before the next quarter
Time will tell
ELECTRIC CARS WITH THE BIGGEST PRICE DISCOUNTS IN OCTOBER 2024
Make and model
Average Discount (%)
Average RRP
Average price after discount
Average saving (£)
DS3 Crossback E-Tense
35.7%
£37,862
£23,345
£14,517
MG5 EV
34.2%
£33,151
£21,813
£11,338
MG ZS EV
30.1%
£33,243
£23,237
£10,006
DS3 E-Tense
30.1%
£41,320
£28,883
£12,437
Peugeot e-2008
26.5%
£36,548
£26,863
£9,685
Citroen e-C4 X
23.6%
£35,872
£27,406
£8,466
Citroen e-C4
23.3%
£36,111
£27,697
£8,414
Jaguar I-Pace
20.8%
£78,331
£62,038
£16,293
MG4 EV
20.5%
£32,358
£25,724
£6,634
Vauxhall Mokka-e
19.8%
£37,809
£30,322
£7,487You can be sure that Motability Operations will be getting far better discounts than the average discounts quoted in that article. It’s no wonder that they are desperately trying to get everyone to switch to one!
You can be sure that Motability Operations will be getting far better discounts than the average discounts quoted in that article. It’s no wonder that they are desperately trying to get everyone to switch to one!
I agree and think your spot on there
Glad I don’t have to worry right now about finding and swapping cars
I get to enjoy my car for another 22 months
Which as you get older will fly-by far to quickly
Trump is about to end the $7500 EV subsidy in the USA, unlike the road tax, benefit in kind tax and ZEV arbitrary mandates which distort the market here. QE, or the state buying its own debt by money printing, caused rampant asset price inflation, but for most, the “ pound in you pocket” to quote Harold Wilson and recently, robber Reeves, buys a lot less of the things that we need. Don’t see and end to AP increases in a future of stagflation for grossly indebted UK
BYD, as a battery manufacturer, can build its cars at a fraction of the cost of the socialist EU. Why its high APs? Terrible residuals perhaps, but who knows?
You cant take anything Trump says with a pinch of salt. The US heavily subsides ‘gas’ prices. A bit like his WALL which didnt happen or the Mexicans paid for it either. His best pal Musk may have a say in the EV subsidy…
Westetn Developed Nations act like a fiscal cartel, everything is manages, the US and the UK are both grossly indebted. The BofE just takes instructions from the US. Treasury regarding interest rates.
I used to do a gig in Algeria, production costs were 7 dollars/ barrel.
Just to add a last comment to this thread and to be clear
I think the fact that I am referencing things as they are right now today and not what they might well be later on has been missed
Future events to one side ( we all know its gonna get worse it always has and always will)
Right now today the question (only as an example but a good one imo) how can BYD high APs on the scale of things be justified
Post was simply underscoring my own opinion which is
I and I suspect many others would be expecting a far superior car for that amount of AP
I suspect both a revised lower upfront discount to Motability now that they are a “known” brand and, frankly, poor residual values of what is seen by most as a cheap chinese car.
Funnily enough, the list of biggest discounted EVs all featured cars with smaller batteries, people still have range anxiety. The exception, the iPace is woefully inefficient & has had a range of quality and breakdown issues. My Soul EV with 64Kw has a 20 mile longer real world range than the iPace with 90Kw. My brother in law has one, we were comparing them last summer – he felt smug with his 400hp, till I pointed out he drove slower than me because his range was poop…
In life, it's not who you know that's important, it's how your wife found out.
Just to add a last comment to this thread and to be clear I think the fact that I am referencing things as they are right now today and not what they might well be later on has been missed Future events to one side ( we all know its gonna get worse it always has and always will) Right now today the question (only as an example but a good one imo) how can BYD high APs on the scale of things be justified Post was simply underscoring my own opinion which is I and I suspect many others would be expecting a far superior car for that amount of AP
It looks like BYD have stolen a march on you (or heeded your call) as various BYD dealership groups are now offering £2000/£2350 off the AP’s on the BYD Atto 3 for orders placed until 30th November. Due to the dealerships involved and amount off, I suspect this is a BYD manufacturer backed offer).
See Deals and Offers thread once @wmcforum lets the post out of the moderation ‘sin-bin’.
Just to add a last comment to this thread and to be clear I think the fact that I am referencing things as they are right now today and not what they might well be later on has been missed Future events to one side ( we all know its gonna get worse it always has and always will) Right now today the question (only as an example but a good one imo) how can BYD high APs on the scale of things be justified Post was simply underscoring my own opinion which is I and I suspect many others would be expecting a far superior car for that amount of AP
It looks like BYD have stolen a march on you (or heeded your call) as various BYD dealership groups are now offering £2000/£2350 off the AP’s on the BYD Atto 3 for orders placed until 30th November. Due to the dealerships involved and amount off, I suspect this is a BYD manufacturer backed offer). See Deals and Offers thread once @wmcforum lets the post out of the moderation ‘sin-bin’.
I suspect we will see othere follow before the next quarter in a mad dash to hit set targets
I see a plenty are slashing their retail prices by 20/30%
It seems Reeves is to muddy the waters even further next year with
The additional levy, known as the expensive car supplement
Which will apply to all electric vehicles priced above £40,000.
Higher APs coming? I suspect that may well be the case next year
Will this kill the scheme?
Possibly not but it will give it a nasty blow imo
It seems Reeves is to muddy the waters even further next year with The additional levy, known as the expensive car supplement Which will apply to all electric vehicles priced above £40,000. Higher APs coming? I suspect that may well be the case next year Will this kill the scheme? Possibly not but it will give it a nasty blow imo https://www.gbnews.com/lifestyle/cars/drivers-car-tax-increases-next-year-three-five-motorists-impacted-electric
IIRC, the “luxury” tax applies to all vehicles, regardless of powertrain, costing £40,000 or more and was bought in by the previous Government.
Motability cars:
2015 RR Evoque AWD 2.0 TD4 SE Tech - written off
2017 Toyota CH-R 1.2T Dynamic CVT AWD - written off
2019 BMW X2 2.0L Sport
2023 Nissan Qashqai e-Power N-Connecta@Ele is this a sales target that runs from beginning of year until end of year? Or are the sales targets in quarters.
My thinking is that as I’m about to renew then in three years time and every three years after that I could be in the best possible position this grab a bargain as it’s end of year and they need to hit sales targets.
I know little about sales and targets tbh. My thinking is they have quarterly targets then if not met a big final push at the last quarter and in particular the end of year November, December.
@Ele is this a sales target that runs from beginning of year until end of year? Or are the sales targets in quarters. My thinking is that as I’m about to renew then in three years time and every three years after that I could be in the best possible position this grab a bargain as it’s end of year and they need to hit sales targets. I know little about sales and targets tbh. My thinking is they have quarterly targets then if not met a big final push at the last quarter and in particular the end of year November, December.
Retailers Sales targets were in the main quarterly as far as we were concerned
A bargain or two has been had in the past if leasing just before that point but retailers are right now dropping their EV margins in a last ditch attempt to meet or get nearer the Gov set EV targets/deadlines.
So its a whole new ball game at the moment
The net zero mandate says that by the end of 2024, at least 22 percent of new cars sold by any manufacturer must be zero-emissions models.
By 2030 that number will rise to 80 percent, before the total ban in 2035
The 2024 year-to-date overall share of EV sales in the UK is less than 18 percent, however – despite a record number of electric vehicles being sold in September. Most of that growth is from fleet sales, which the SMMT says demonstrates the importance of incentivising consumers
Taking the above into consideration
I am surprised as the clock is ticking that we a not seeing more zero APs at this particular point in time
Cheers Ele. Even stranger that APs on EVs went up last quarter.
I know but I cant see why
A bit like everything at the moment imo
Dosent make sense and its all going to pot 🙁
Lets just say as always with plans that were rushed and look like they were scribbled on the back of a fag pkt they have a tendency to fail
Another Example imo although off topic
Expect a Chagos Islands u turn in the very near future
It seems Reeves is to muddy the waters even further next year with The additional levy, known as the expensive car supplement Which will apply to all electric vehicles priced above £40,000. Higher APs coming? I suspect that may well be the case next year Will this kill the scheme? Possibly not but it will give it a nasty blow imo https://www.gbnews.com/lifestyle/cars/drivers-car-tax-increases-next-year-three-five-motorists-impacted-electric
IIRC, the “luxury” tax applies to all vehicles, regardless of powertrain, costing £40,000 or more and was bought in by the previous Government.
The £40,000 threshold has remained unchanged since April 2017 when it was introduced. Had it risen in line with inflation, the tax threshold would be more than £50,000.
I expect the “luxury” tax threshold to be raised in the very near future
.Gov is under great pressure to do so
Isn’t the £40k+ ‘luxury’ tax simply an additional rate of road tax (VED) for the first 5 years? If so, any inclusion of EVs won’t make the slightest bit of difference to the Motability scheme as all Motability cars are exempt anyway.
Isn’t the £40k+ ‘luxury’ tax simply an additional rate of road tax (VED) for the first 5 years? If so, any inclusion of EVs won’t make the slightest bit of difference to the Motability scheme as all Motability cars are exempt anyway.
You are right @Glos Guy, however I wonder how much it will hit residual values. If I was in the market for a second hand car, paying £600 ish a year in road tax, I certainly would avoid.
My personal car – outside of the Motability scheme – I’m currently paying £20 road tax a year! 😀
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