I would like to see any increase in PIP passed onto the PIPEE after the lease agreement begins and not automatically diverted into Motability’s coffers.
You do realise that if you were to have the increases instead of Motability, they’d just recalculate the receipts over the 3 years and accordingly put up the APs?
They simply look at the price of the car, the expected receipt from the car at point of sale, the costs of insurance and servicing and then see what’s left for us to pay either in monthly (well, 4 weekly) or up front payments. Allowing for 3% inflation increases, the total weekly payments turn out around £11,412, so, if the car needs a total of £15,000 income, we pay £3,600 AP. If there was no inflationary increase, the weekly income at £71 per week is £11,076, so for the same car the AP would be somewhere between £3,900 and £4,000 depending upon how generous they’re feeling at the time. The difference of £336 over 2 years really isn’t going to make a huge difference when split weekly or even 4 weekly.
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