Motability have been pricing for ‘normal’ depreciation over 3 years, the fact the chip crisis has held prices artificially high has just filled their coffers further. I would expect they’ll continue to anticipate depreciation at a traditional level until the market proves that they’re underestimating it, at which point they’ll amend their formula accordingly. The biggest risk was that used BEVs wouldn’t sell with all the FUD that is spread. If dealers faced being left with BEVs on their forecourts for long periods, then Motability would struggle to offload theirs, which would hit us very hard.
Thus, this is great news. EV’s taking a bigger portion of the used market reflects the hope that our roads would become cleaner and that our used values would maintain a more traditional level of expectation. Something I’m happy about as I own one currently and that the Motability offerings won’t dry up.
I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
I'll try to give my honest opinion but am always open to learning.
Mark