Hi Volts, nope three years then change. Im a beneficial position that I work, have had a good career and are fortunate to have plenty of spare income each month for cars, holidays and our Florida home. Motability suits my current financial status against other lease cars plus we have a Range Rover the wife drives and a Focus the lad drives. We change then all every three years. I am very fortunate compared to many on PIP that’s for sure and I do believe Motability, if it wants to increase take op needs to cater for all pockets
With all due respect, if you are in a strong financial position then why lease? Yes, Motability works out less than leasing privately, but it is perfectly possible to buy cars and run them privately for less and you aren’t restricted to the poor choice on the scheme.
A few years ago we were running 2 cars – a Motability car for my wife and a private car for myself. We got them both at the same time, so I was able to make a direct comparison of total life costs. Taking ALL costs into consideration (depreciation, servicing, insurance, tyres etc) my privately owned brand new £40k BMW 5 Series cost less to run than my wife’s VW Tiguan leased through Motability, and that was before APs went through the roof and the amount of benefits sacrificed increased sharply.
Unless choice (and costs) improve markedly by the time our current lease ends, we will have no hesitation in buying privately again and we won’t be restricted to what Motability ‘allows’.