New XC40 hybrid just about to take delivery:
PIP mobility allowance for 3 years + AP – GCB = £350 per month.
Total over 3 years £12,600.
Cost to buy £42,000. Residual value after 3 years (say) £21,000.
So we get the use of a new car for 3 years for £7300 less than the depreciation on the same car if we had bought it and ignoring the cost of insurance and maintenance.
With the caveat that without the scheme we wouldn’t be driving a new car or one anywhere near new.
Is there something wrong with my maths?