I think you’ll find the AP’s for private leasing companies are on the whole lower than those being asked for on the scheme. Of course the monthly cost is higher but it is surprising how close the figures are if you are a low mileage motorist. Insurance is dependant on age and location, but the quotes I’ve had recently have been quite low. Tax doesn’t apply to us as being disabled makes us exempt. A big plus point for some is the fact that there are private leasing companies with vehicles in stock. I’m lucky in that I still have just under 2 years left until my 3 years are up, but for some people who are coming up to their 5 year deadline going private may be their only option as things stand.
Hi Elliot yeah forgot you can forgo the tax on a private vehicle.
I suppose it depends on your situation, mileage you do a year, how much you can get insurance for and how much importance you put on the maintenance/ care package.
I suppose its also important on what you want out of a vehicle, for us its simply viewed as a tool that needs to have certian atributes in order to give my wife the mobility she needs to get on with her life as well as getting her to work etc, as such the make and model are not important to us as they may be to others.
I suppose if you must have a vehicle that is no longer on the scheme then your options are extend the lease if possible, or buy/lease private.
Leasing be through carwow or manufacturer PCP scheme cannot give us the same peace of mind that leasing through MB can, especially as my wife can only drive vehicles with specific adaptions, at least with MB if the vehicle is immobilisied for some reason MB will supply an adapted replacement vehicle for her to use.
All the like for like leasing schemes and manufacturers PCP schemed I looked at (the vehicles on our shortlist) worked out as being far more expensive over the 36 term (does noy include the price the adaptions) than the same vehicle on mobility, no doubt for MB users with different needs may be able to lease cheaper than with MB.
Each to their own for us the scheme still represents thebest option.