December 5, 2019 at 12:48 pm
#98663
There is no such thing as a four year lease on the Motability scheme. All Motability car leases are three years in duration, though many users are able to extend the lease for up to two years more. Motability wheelchair accessible vehicle leases are five years for new vehicles and three years for Nearly New examples again with the option to extend for up to two years. Longer leases do not necessarily equate to lower advance payments due to increased depreciation and maintenance costs, which often are not fully covered by the additional income generated by the longer time period.