I’m new to the motability scheme and I’m still undecided as to weather or not I should sign up to a car or not. It’s interesting following these threads, and as I see it currently. If you have good credit then there is no point engaging in the scheme whatsoever. If however you have poor credit, then it’s winner winner. But you have to take advantage of the lead times and go for the highest specification car you can afford. Eg: A Fiesta ST Line X with a AP of £445 (£12.36) will cost exactly the same total allowance as a Mini Copper JCW with a AP of £3000 (£86/month)
If your have good credit rating it just means your options are more flexible on joining, not joining, or leaving the scheme. If you have a bad credit rating your options are more limited, to either join the scheme or buy a banger.
Some including myself are finding it increasingly more difficult to find a vehicle on the scheme that suits there needs or wants. This is one of the reasons some are leaving the scheme.
As an example you hand over your £11,076 from your PIP/DLA award based on Aprils rise , plus pay an X amount AP. If you only want a basic car the cheapest Dacia Sandero £12,995, plus 3yrs insurance, a set of tyres and a service, making the total outlay around £1400ish. At the end of 3yrs at taking into account the worst depreciation you would get back around £6000 to put towards another, but you need a fair/good credit rating
If you want something like VW id5 £50,000 will cost you about 18K in total for a 3yr lease on the scheme. Even if you have a good credit rating its still feasable to lease it off Motability if wanted….