Hi, I’m now eligible to get a mb car but I have a couple of questions regards the financials. So let’s say the AP is £1000, I’ve seen talk of mb giving you a payment for ordering. How does this work, how much is it & when do you get it ? Also the gcb at end of lease is £600, is that correct ? I guess what I’m asking is, does the mb payment come off the AP or is that payment already factored into the AP price ? Do I pay the AP at order or collection ? TIA Billy
The new vehicle payment (a one-off payment) of £750 currently is paid shortly after you collect the vehicle:
Seperately, the good condition payment (£250 on a standard 3-year lease) is paid at the end of a vehicle lease (once you return the vehicle in good order). It is usually paid within a few days of you returning the vehicle.
https://www.motability.co.uk/get-support/end-of-lease/cars-wavs/vehicle-care/
So, both are paid just after you collect your new vehicle (and/or return your old vehicle).
The Advance Payment (AP) is paid when you collect your new vehicle. Some dealers may ask for a deposit at the time of ordering which will form part of the Advance Payment with the balance paid on collection of the vehicle.
Neither the New Vehicle Payment or Good Condition Payment are ‘factored in’ or ‘knocked off ‘the Advance Payment as the Advance Payment has to be paid first.
If your dealer would accept a credit card payment for the AP and you time it right, it maybe possible to pay the AP on credit card and then pay off the card when you receive the New Car Payment and Good Condition Payment (if returning a previous vehicle). Alternatively, could someone lend you the AP short term to cover you whilst you receive the New Car Payment (and Good Condition Payment if returning a previous vehicle)?