…..but how many of us need to be paying for 60k miles in 3 years. 10k a year is enough for us!
This is what I was thinking. I’ve 14 months remaining on this lease and I’ve managed to accumulate a whole 12k miles so far, I’d be surprised if the end number is much over the 20k annual allowance. If there was a 10k standard with an option for higher mileage users to go to 20k per year for an extra AP contribution, to cover the additional depreciation, there’d be a better overall AP for the majority. I’m pretty sure a quick analysis of returned mileages would show what level that lower setting could reasonably be set at. The downside is, if their analysts are worth their pay, they’d already be taking into account more realistic estimates given the typical return mileage for each car.
The same 3 year deal as above, but with £20,000 miles per annum £12,044.36. Thats still £4970.44 cheaper than Motability, which would cover your own 3 years worry free motoring with c£2k spare for the next lease deposit. Not everybody would want a R4, but the point still stands.
Banger economics would make an interesting guess over say 2 cars, 10 years and how much you have left at the end or whether you have upgraded as time went on to something nearly new.