As Motability seem keen to push everyone towards EVs, APs will need to drop to achieve this. As manufacturers are having to rely on fleet customers to meet their EV targets (given that demand from private buyers has slowed) I think this bodes well for lower APs through Motability. If you do leave, with the £12,000 you will save in sacrificed benefits, plus the AP that you would have paid, you can get an awful lot more than a banger! Keep in mind that in order to compare like for like to Motability this only needs to pay for depreciation and running costs – and that you have a valuable asset after 3 years, which you don’t have with a lease car, which becomes a large deposit for the next car. Obviously Motability is the easier option, but comes at a cost.
Well I have done exactly as mentioned by Glos Guy and have left Motability. I have been on the scheme for a longtime and had my last car, VW Tiguan 4 motion for 6 years. When I handed it back I had covered just over 25,000 miles!!! And have nothing to show for it. I will purchase a 2020 model, before they removed the buttons, and will keep it for as long as needed and have equity in it if I decide to sell. I loved being on the scheme and will miss certain aspects of it but I cant justify the cost outlay anymore. At £12,000 for each 3 year lease x 2 it has cost me a lot and although the added extras are good I found myself staying on the scheme longer than I should have…..
