@AD1 Salary sacrifice scheme cost is £656 but I would have the PIP money back in my account to offset against the £656, so £656 less PIP element i have back per month £279.50 = Net payment of £376.50 (Approx) £50 less than cost on motability
Chris,
For the purpose of the exercise let’s assume you earn £1000 per month:
Salary sacrifice:
£1000 per month wages + PIP @£279 50 = £1279.50 (deduct £656 for car) leaves you with £623.50 per month
Motability:
£1000 per month wages (PIP payment goes straight to Motability) (deduct AP split over 48 months @£143.73 per month) leaves you with £856.27 per month