In a similar vein to the ‘nearly new WAVs’, it is a shame that Motability customers can’t lease a ‘nearly new’ normal vehicle, where the vehicle is a Motability vehicle but has been returned early by its first lessee for what-ever reason. It could be re-leased to a Motability customer until the vehicle’s three year old point with a cheaper AP.
I understand the logistics of doing so with such a big ‘normal’ vehicle fleet could be difficult, but they are certainly not insurmountable.
It would also make Motability’s vehicles going to the trade more standardised as I understand 3 year leases are the ‘sweet spot’ economically, whereas Motability won’t make as much by letting say a six month vehicle go to the trade due to the increased rate of depreciation in the early months.
With the lower AP’s it would give customers a chance to obtain a vehicle they wouldn’t normally be able to afford the Advance Payment of. So could be a bit of a win-win all round.
Dave