March 6, 2025 at 3:42 pm
#298953
Please stop scaremongering. That article is rubbish. Motability generated some loss due to incentives (£750 pay outs, free ev chargers, grants – ) and drop in resale value. You may remember Tesla cut prices by 20% couple of years ago that had a knock on effect on used EV prices. Also insurance went up a bit. BTW Motability has 4 billion (!) pounds in capital reserve (i.e. cash in the bank) so far from going bankrupt.
#Al3xT please explain how I’m scaremongering and that the article is rubbish when you’ve gone and posted links to 2 articles saying the same thing?
Also nobody mentioned anything about Motability going bankrupt so… 🤷♂️
FYI I seen the story on Face ache so thought it might have been of interest to people on here