Thats how much Motability will be getting (every four weeks) in return for supplying you with a new car. Thoughts ?
Almost £12,000 over a 3 year lease or almost £20,0000 for those who keep the car for 5 years. Plus, of course, any AP that you pay is on top of that.
As you said recently, Glos Guy if people are getting £50.000 for that amount plus £3,500 AP for my Hyundai 6 (for instance) then that is a good deal, however if you are getting a £20,000 – £25,000 (AP free or with an AP) car for that, it is not such a good deal. Also no further annual DLA/PIP increase are (can be) built into that calculation. I think the public think that also includes free road tax, insurance, servicing, repairs, tyres and windscreen cover. However we know, Free Road Tax – Nothing to do with a Motability car. Insurance – The Insurance covers Motability for their car, not us for the car. I remember back in 1988 I leased a Nissan Bluebird, the first year I paid £50, 2nd year £100, third year £150 for insurance, until somebody pointed out we were not getting the insurance if someone run into the back of us and wrote off the car, Motability were, so they stopped charging us. Although we can have an excess charge. Servicing – yes we get that. Repairs – My Kia comes with a 7 year warranty for parts and labour, not including wear out parts like break discs ect. Tyres – yes one extra set after a lot of fighting with Kwik Fit. Windscreen Cover – Yes but with an excess if broken. So still a good deal, but varies on which car and which deal you get.
Still seems quite reasonable for a brand new lease car, with insurance, tax, servicing, tyres, and 20000 miles per annum included…
Very much depends on the car IMHO Andy. For the top end cars on the scheme it can still be good value, especially if the person is a high mileage user and/or lives in a high risk insurance area. For the lower end cars on the scheme, it can be far cheaper to run the car privately. Of course, the car is only brand new when you pick it up and the average age of cars on our roads is 8 years old, so most people don’t consider running a brand new car to be a sensible use of their money. The 20k Pa mileage limit with Motability is often mentioned, yet in reality most users only do a fraction of that. It’s great that we have a choice though.
We’re currently looking at getting a Mini, this exact model in fact. As said, Mota seems pretty good value to me…
https://www.selectcarleasing.co.uk/car-leasing/mini/hatchback/hatchback/20-cooper-s-classic-premium-plus-5dr-auto?mileage=20000&term=36&initial_payment=9