I wonder how robust their implementation will be though? Technically, 2 year extensions were stopped well over a year ago, but depending on who you speak to at Motability have still been possible for some people.
I also wonder if there will still be an exception for those with expensive adaptations?
Either way, it’s an odd policy as 2 year extensions must be highly profitable for Motability, given that they still charge the full benefits for years 4 and 5 and the bulk of the depreciation (the biggest cost with any new car) has already happened by year 3. Running costs plus depreciation in years 4 and 5 will be nowhere near another £8k, which is what they charge us.
I’d put money on the fact that this is more about them being put under pressure to support the struggling car industry, in the same way that they have been put under pressure to push EVs given that private buyers aren’t buying them and government targets aren’t being met.