Is it just me or is that a lot of advance payment on the Huyndai Ioniq Electric especially when they have already take off the government grant. I wounder what the advance payments will be when more manufactures stop making diesel and petrol and only make electric cars and start putting on more electric cars on motability, Motability was / is to help disabled people have a bit more independence to enable them more freedom , a lifeline , without the car a lot of people cant get out , with a lot of disabled people on benefit trying to fund the advance payment is a near impossible task. Motability make a lot of profit and it doesn’t look as though they are putting anything back to help people on benefit , they might as well reintroduce the invacar
As Brydo has posted further down the forum, sales of Electric Vehicles (EV’s) are rocketing in the UK currently. In that situation, Hyundai (and other EV manufacturers) are not going to want to sell this sort of car to Motability at a discount when there are queues of people willing to pay top dollar for them.
Just carrying out a representative PCP on this vehicle on the Hyundai website, it shows that for a 37-month PCP, at 10k miles per annum, it needs a deposit in excess of £7k and monthly payments in excess of £350 per month. That is before Insurance, servicing, tyres, breakdown recovery etc are added on. Then take into account the improved Good Condition Bonus.
So, in that respect Motability’s offer isn’t that bad when the whole package is put together in comparison to a private PCP on that vehicle.
Perhaps when demand for electric vehicles quells, and manufacturers need to start having to work to sell them, they may offer Motability a more attractive package that would result in lower advance payments.
However, at the moment, the economics don’t stack that way.