It’s many things, The projected final value after 3 years is what determines the Ap. I’m sure there is a body that sets car values on the used market there always gonna be winners and losers due to new models coming out and trends etc.
Also the allowance we get rises behind the actual rate of inflation and we starting to see that take effect more and more as cars get more and more tech and rise in price and some now have 2 engines or expensive batteries, it’s gonna bite more and more and less and less cars will be on the scheme that are bigger and more expensive. which means higher AP’s as the difference between the two grows. The value of the car at the start and the amount paid off from the full allowance over the 3 years. deducting the 3 year value. The deficit grows year on year..
Would i say it’s a rip off i dunno…
But i will say most of us don’t use the full 20k a year that they value the ap on so they making a bit there. my recent car got handed back last week, had done just under 40k in the 3 years and therefore is worth more than if it had just under 60k but is that really the case when it comes to buying it, whoever does they MB have a lot of cars to sell after the lease and you never know as we head toward more zero emissions certain cars value will drop off a cliff sooner rather than later imo as maybe you cannot drive into any town or city in one unless you pay an extortionate amount..
like in london the congesttion charge is a joke and it been increased to £15 a day but what is intresting is that the resident exemption from 1st of august will not apply to discourage car ownership in london.
were as in Paris you pay just over 3 euros p+p to get a sticker that last for however long it’s legible for.. So the car is seen as a cash cow in the uk and we part of that and i don’t see it getting any better for us anytime soon..