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I see the Scottish government are hitting out at motability for fleecing customers as profits in 2022 rose to £1billion .They say that the £100million per month profits should be given back to customers and not held in reserve and given to charity.
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If you read motability account reports the bulk of profit comes from used car prices being inflated due to lack of new car ?
It would be interesting to see what someone like Richard Branson would do with a Motability style scheme given a chance.
Quite often he comes in, shakes up the market and then departs leaving gaps for other businesses to move in.
I am sure some leasing companies would like to offer cars to the disabled vat free as the scheme does’s
As I understand it it would be much harder with more hoops to jump through for joe bloggs leasing company to offer a standard non modified vehicle VAT free.
Jaguar Land Rover promised us exactly this when they were burned by motability about five years ago. Nothing came from it.
Jaguar Land Rover promised us exactly this when they were burned by motability about five years ago. Nothing came from it.
well i knew that from the outset, motabilty pissed them off, they wanted to go it alone and applied to dvla about vat free and exempt drivers, motability refused to play ball dvla refused, you should research how old ceo (now earning same as adviser to motability lol) and other cronnies in govt spend their weekends and holidys… anything thats fair for the disabled with people like that in charge…. it is not going to happen ever.
its like the same old story, people think you live in a council house, so you must be claiming all the benifits under the sun… its silly
Robert
I see the Scottish government are hitting out at motability for fleecing customers as profits in 2022 rose to £1billion .They say that the £100million per month profits should be given back to customers and not held in reserve and given to charity.I agree with them
Remember profit is what’s left after they have tried everything in their power to spend/hide/reduce the amount they declare.
All the company perks, which are many, the bonuses, the office refurbishments so they will have tried and spent every penny they could before revealing these profits. With this in mind I think it’s reasonable to assume the actual profits are a fair bit higher than revealed
Reposition the • on add a few O’s on my payments motability and I won’t say a word..
Ever, honest ?…
well the offer is there ?
I think the scheme is getting to the point where people who can afford to go elsewhere will do. There is no way I would ever consider spending the equivalent of £500+ a month on a Vauxhall or Nissan.
I think the scheme is getting to the point where people who can afford to go elsewhere will do. There is no way I would ever consider spending the equivalent of £500+ a month on a Vauxhall or Nissan.
I agree with that, Or to the point where many cannot afford not to go elsewhere, even if it is a nearly new or used car not a new one.
One problem is that interest rates have risen, but you can still get some low apr loans. I did see the other day Vw finance was around 18%( pure jokes) on a used id3 at almost £40k or one can wait and see if the manufacture does a deal on the cars you looking at and then jump on it then, like i did.
I think I made the right jump for me back in June and I don’t regret it one bit.
Each persons different and they need to weigh it all up for themselves. For me the time was right in june and I handed back my scheme car just under a year early. It is really hard to justify £500+ a month to lease a car and in the end you have nothing to show for it. I may keep it past 5 years we will see.
I do get the good parts of the scheme after all I was on it for 11 almost 12 years but the ap’s are just not justifable for me now. You can then extend after 3 years but mbo make even more from you, as most pay the same amount. You can do 20k a year if you do thats a good reason to use the scheme, but if you don’t again they profit from that lower mileage.
After 5 years I will own my car outright on hp at 0% and with the service plan and insurance, I am paying less than £500 with the difference I can pay for any items not included in the service plan and after 3 years takeout an extended warranty. Plus the rises in allowance come to me also. So it’s already looking better for me, than it was back in june. I would also say that At the time i got the car, It was solely on the strength of my eesa and my pip and I got the car in 4 weeks.
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