I think the scheme is getting to the point where people who can afford to go elsewhere will do. There is no way I would ever consider spending the equivalent of £500+ a month on a Vauxhall or Nissan.
I agree with that, Or to the point where many cannot afford not to go elsewhere, even if it is a nearly new or used car not a new one.
One problem is that interest rates have risen, but you can still get some low apr loans. I did see the other day Vw finance was around 18%( pure jokes) on a used id3 at almost £40k or one can wait and see if the manufacture does a deal on the cars you looking at and then jump on it then, like i did.
I think I made the right jump for me back in June and I don’t regret it one bit.
Each persons different and they need to weigh it all up for themselves. For me the time was right in june and I handed back my scheme car just under a year early. It is really hard to justify £500+ a month to lease a car and in the end you have nothing to show for it. I may keep it past 5 years we will see.
I do get the good parts of the scheme after all I was on it for 11 almost 12 years but the ap’s are just not justifable for me now. You can then extend after 3 years but mbo make even more from you, as most pay the same amount. You can do 20k a year if you do thats a good reason to use the scheme, but if you don’t again they profit from that lower mileage.
After 5 years I will own my car outright on hp at 0% and with the service plan and insurance, I am paying less than £500 with the difference I can pay for any items not included in the service plan and after 3 years takeout an extended warranty. Plus the rises in allowance come to me also. So it’s already looking better for me, than it was back in june. I would also say that At the time i got the car, It was solely on the strength of my eesa and my pip and I got the car in 4 weeks.