The crunch point will be 2025/2026. This will be the point where the finance companies will be looking ahead at what prices cars on 3 to 5 year leases will fetch on the second hand market. With the fluctuating prices of Diesel and Petrol will the number of traditional fuel stations still be around by the late 2020’s or will they have transformed into electric charging stations combined with cafe’s?
We also don’t know what incentives the Government will introduce to entice us to go green or even higher taxes on fuel to make us move
It really is an difficult position to be in, stay with the scheme for a number of while the market decides on what it is doing while you make do with minimum choice and high AP’s or leave the scheme invest in a vehicle assuming that the value as we approach 2030 may diminish sharply.
As hinted 5 year scheme leases may be the norm soon which for me when my current arrangement ends in January 2023 could be the best time to decide