September 27, 2023 at 8:56 pm
#234908
The more I think about the figures quoted by Motability, the more questions it poses. If almost half of Motability customers survive on less than £20k a year, I wonder what proportion of Motability customers are able to afford the very high APs that are now being asked for decent sized cars? I’m also surprised that so many people on that sort of income can afford to sacrifice over £11k of that income every 3 years (plus AP etc) on a car. That’s a huge proportion of their income.
I can only assume its the weekly payment, rather than the full 3 year outlay thats taken into account by some users?