I keep reading that people are going to leave the scheme when their lease ends,and buy a used car of maybe 3 years old. How do you finance such a purchase ? PCP ? HP ? Deposit needed ? Servicing/breakdown/insurance all need accounting for. All for £250 ish per month.
Keep in mind that to get anything decent on Motability now you need a sizeable Advance payment, so £350 a month is probably a more realistic comparison for most people.
As has been said, it very much depends on peoples circumstances, but it is even possible to run brand new cars for the same or less cost than Motability.
As I have reported before, I bought a brand new BMW 5 Series around 5 years ago and ran it for the same 3 years as my wife’s Motability supplied VW Tiguan. The two cars cost about the same to run and obviously the BMW was the far better car. The BMW was under warranty with free breakdown cover. Servicing was through a service plan negotiated into the deal. Insurance was around £250 a year. It helped that I negotiated a 25% discount as a combination of dealer, BMW and BMW finance discounts and I paid off the PCP after a month to avoid any interest charges yet still kept all the discounts.
As I say, not everyone can do this but, for those that can, it’s not as problematic as many would think. Our current Motability car will probably be our last unless the choice improves drastically when we change in 2024.