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Although I’ve extended my lease for a extra two years in April, I’m starting to think with the amount of cars left on the scheme and the possibility of more and more cars being removed or APs getting larger for the type of cars suitable for my needs, ie SUV type, auto box etc etc, probably the same as most of folks on here.
So do I bite the bullet or wait and gamble. Dilemma.
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So 2 years up in April 2023?
Could be tight fastbike, the chip problem will likely last for most of this year so choice may still be limited next year. I would stick with motability as the second hand market will probably have eased by April next year compared to now.
It is a dilemma though and one that many on the scheme will be grabbling with.
How do you stay on a scheme that doesnt supply cars that suit your needs?
Do i stick and take something that not right for me and just put up with it for three years?
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.Although I’ve extended my lease for a extra two years in April, I’m starting to think with the amount of cars left on the scheme and the possibility of more and more cars being removed or APs getting larger for the type of cars suitable for my needs, ie SUV type, auto box etc etc, probably the same as most of folks on here. So do I bite the bullet or wait and gamble. Dilemma.
Do I recall that you have a BMW X1? If so, there is sadly nothing on the scheme now that comes within a country mile of it, so I certainly wouldn’t be inclined to hand it back and pay a high AP for a car that won’t be as good. I’m not a fan of lease extensions as it’s not good value for money for the customer but a nice earner for Motability, but if you don’t have the means to leave the scheme it might be your best bet. Although, as Brydo says, the chip crisis may not be over by Spring 2023 I suspect that it will have eased somewhat and I would anticipate a better choice than we have now. I’m tempted to say that it can’t get any worse than it is now, but I said that when we were down to 1,500 cars and again at 1,200 and again at 1,000 and…….
I’m in much the same boat. I extended for the 2 years at the end of last year, and am now looking at leaving the scheme and buying privately.
I currently have a Tiguan SEL, and want to change to an Allspace. The only one on the scheme is the Life trim – the base model. As our “Gentleman from Gloucester” is constantly saying, over 3 years this would cost me (with AP and adaptations) in excess of £16k and I would have nothing to show for it. I have calculated that buying an Allspace Elegance (after dealer discounts and including costs such as privately bought adaptations, insurance and servicing) would mean an outlay of approx £40k, but I would then have an asset worth about £20K. So cost over 3 years becomes about £10k (after allowing for £10k I would be keeping).
So do I spend £16k on something I think I would be disappointed with, or spend £10k on something I’d be happy with? As my Mum once told me “it’s a no-brainer”!!
I am in the fortunate position of being able to buy on a PCP, and settle immediately after delivery, in order to benefit from the best discounts and not worry about mileage limits etc.
One thing I have found with adaptations is, it pays to shop around. For example (no names given) a Brig-Ayd electronic throttle and brake – I have been quoted £2,395 with 3 year warranty from one installer, and £3,150 with 1 year warranty from another!
Does anybody else have experience of buying adaptations privately?
Finally, where would I stand on my boot hoist? Some say it belongs to Motability, others say I could transfer it with Motability’s permission.
*Should have put “after allowing for £10k PIP I would be keeping”
We had the same dilemma, we need a large SUV or people carrier tyoe vehicle, in order for my wife to be able to get in and out as well as carry her chair etc.
Vehicle must also be automatic, not have a bellow type accelerator pedal and have a powered tailgate.
After the this qtr AP rises most vehicles once adapted came in at around £5-6k the only reasonable vehicles avialble were either the Grandland (non avialable to look at or drive at the time) and no confirmed delivery dates or the MG HS.
I’m in much the same boat. I extended for the 2 years at the end of last year, and am now looking at leaving the scheme and buying privately. I currently have a Tiguan SEL, and want to change to an Allspace. The only one on the scheme is the Life trim – the base model. As our “Gentleman from Gloucester” is constantly saying, over 3 years this would cost me (with AP and adaptations) in excess of £16k and I would have nothing to show for it. I have calculated that buying an Allspace Elegance (after dealer discounts and including costs such as privately bought adaptations, insurance and servicing) would mean an outlay of approx £40k, but I would then have an asset worth about £20K. So cost over 3 years becomes about £10k (after allowing for £10k I would be keeping). So do I spend £16k on something I think I would be disappointed with, or spend £10k on something I’d be happy with? As my Mum once told me “it’s a no-brainer”!! I am in the fortunate position of being able to buy on a PCP, and settle immediately after delivery, in order to benefit from the best discounts and not worry about mileage limits etc. One thing I have found with adaptations is, it pays to shop around. For example (no names given) a Brig-Ayd electronic throttle and brake – I have been quoted £2,395 with 3 year warranty from one installer, and £3,150 with 1 year warranty from another! Does anybody else have experience of buying adaptations privately? Finally, where would I stand on my boot hoist? Some say it belongs to Motability, others say I could transfer it with Motability’s permission.
Huffpuffin – If you have to have hand controls fitted you should be able to get VAT exemption on the cost of the car if you go down the private route. Worth looking in to. That would make a huge difference on a car of that value. I have done the same as you on three or four occasions now. Get all the combined discounts (dealer, manufacturer and finance) and then pay it off a few months later so you are not tied to any mileage limits etc.
This talk of lease extensions not being good value for money I really don’t understand. I only look at the value from a customers perspective.
Every time I look at private lease deals the 3, 4 and 5 year options are very similar in price.
We are all on the Scheme because it offers us either the best value, it is the most convenient or both.
If the option to extending your lease is buying new, buying second hand at massively inflated prices or choosing a new vehicle from the existing list. I think that an extension is a great option and makes financial sense.
Finally, where would I stand on my boot hoist? Some say it belongs to Motability, others say I could transfer it with Motability’s permission.
That’s a £590 question I’d like to know as Motability says on my order form something along the lines of “cost of hoist during the rental period £590” that gives the impression the hoist is on hire but £590 /36 months = £16.38 per month and that’s a bigger rip-off than the AP’s.
I will try to remember the out come and come back to this post when I change over my car this Summer as I intend to remove the removable part of the hoist when I return the car and see if they say anything.
I’ve removed my remote control, the part that’s removable that is on one or two of my returns with nothing said but I’m in two minds to leave a note to the hoist installer saying “make me an offer for the missing parts” because a three year old hoist that cost £590 got to be worth a couple of hundred on E-Bay.
This talk of lease extensions not being good value for money I really don’t understand. I only look at the value from a customers perspective. Every time I look at private lease deals the 3, 4 and 5 year options are very similar in price. We are all on the Scheme because it offers us either the best value, it is the most convenient or both. If the option to extending your lease is buying new, buying second hand at massively inflated prices or choosing a new vehicle from the existing list. I think that an extension is a great option and makes financial sense.
The only reason that I say that it’s not good value is because it costs the customer over £6k in additional sacrificed benefits for the extra 2 years, but the actual cost to Motability is probably well under £1k (servicing, MOT and tyres) plus the extra depreciation (unlikely to be £5k for most cars as the bulk of the loss has already happened), less the saving in capital outlay of buying a new car every 5 years rather than every 3 years. If people were able to buy the car at 3 years old, run it privately for 2 years and then sell it I very much doubt they would be down by over £6k. However, the current flies in the ointment are the current high prices of used cars, so you could end up buying ‘high’ and selling ‘low’.
Whilst I stand by these comments, given that many Motability customers won’t have the option to leave the scheme, with the current poor choice and high AP’s I can completely understand why so many people are extending and it is indeed a good thing that this option exists.
Huffpuffin – If you have to have hand controls fitted you should be able to get VAT exemption on the cost of the car if you go down the private route.
According to HMRC, you can only get VAT exemption on the cost of a car if you are a “disabled person who usually uses a wheelchair”
As I am not a wheelchair user (scooter only) I can only get VAT relief on the cost of adaptations – same source.
Huffpuffin – If you have to have hand controls fitted you should be able to get VAT exemption on the cost of the car if you go down the private route.
According to HMRC, you can only get VAT exemption on the cost of a car if you are a “disabled person who usually uses a wheelchair” (Source https://www.gov.uk/guidance/vat-relief-on-adapted-motor-vehicles-for-disabled-people-and-charities-notice-1002 ) As I am not a wheelchair user (scooter only) I can only get VAT relief on the cost of adaptations – same source.
That’s a shame. I know that when we looked into it we were eligible, but my wife is a wheelchair user so that was obviously why. I’d forgotten that was a stipulation. Good luck with whatever you decide to do.
Although I’ve extended my lease for a extra two years in April, I’m starting to think with the amount of cars left on the scheme and the possibility of more and more cars being removed or APs getting larger for the type of cars suitable for my needs, ie SUV type, auto box etc etc, probably the same as most of folks on here. So do I bite the bullet or wait and gamble. Dilemma.
Do I recall that you have a BMW X1? If so, there is sadly nothing on the scheme now that comes within a country mile of it, so I certainly wouldn’t be inclined to hand it back and pay a high AP for a car…….
Thats right Glosguy I have the BMW X1 20d X drive lovely car, fantastic auto box and I so wish I had ordered another, in fact I had the option from my dealer of a 20i xline who had a cancelled order, which I could have had within five weeks. But I so wanted a EV or plug-in hybrid and still do.
So I’ve decided it’s not going to hurt to have a look at the plug-in hybrid SUVs still left on the scheme, not many I know, and the APs are bloody eye watering. So off I set yesterday to have a look, what a waste of time, none of the dealers I visited had the model I’m interested in in the show room and only two had a used model ( six months old and a nine month old) which had already been superseded by a face lift. I knew it was bad for new vehicles but hell, I even had one dealer almost crying on my shoulder .
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