Yep, totally.
They make more profits from those that extend and then they use the profits they make to donate to other causes not directly back into the scheme, I recently left the scheme as for me the balance has now tipped towards car ownership due to the high ap’s and a multitude of other reason’s.
I have never extended any cars of the 4 cars I have had on the scheme only time was during the 1st lockdown when delaers was closed and I was due to exchange.
I also have never added any extras as they benefit from that also at the end of the lease.
It will be interesting to see the profits they’ve made in the last 6 months, I reckon they have increased again on the bumoer profits from the prior 6 months from used car prices rising and more people extending either due to a lack of anything suitable now on the scheme or witing for the new car.
Some have been waiting now 2 years since ordering, other have been cancelled my the manufacturer or the specs changed. I got my new car off the scheme in 4 weeks, which for us was another reason to leave but what really made be jump right then was the 0% finance on hp not pcp. deal’s no longer available it’s now 6.8% but they give you 2k and I just knew rates would rise and inflation would run rife, been oo the cards for ages as goverments have printed more and more money. The profits mb are making are out of hand considering it’s all from peoples allowance’s and i do believe it needs really looking into where that money is actually going.