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I managed to get an early termination.
Looking at all of the upcoming changes, I’m not willing to put up with them. I’m very lucky in that my credit is now pretty good after my bankruptcy fell off last month. With this in mind, I thought that it would be daft to keep paying £80 a week for a car I will never own.
After a lot of number crunching I’ve made the decision to buy a brand new Suzuki Swift on hire purchase over 4 years. I think I could have done 5 years if I’d wanted to. I chose the Suzuki as they’re offering 0% finance with nothing down. I believe it was easier to get a loan from their finance as it’s tied to the car – they own it until the last payment is made. I had options for a personal unsecured loan but the best rate was 6% and I thought there was probably a lower chance of acceptance.
The salesman said that the finance company are more concerned with knowing where you live than income. I am retired and wasn’t asked to provide any evidence of income. Fill the form in and accepted minutes later. Obviously I wouldn’t have gone this route unless I felt able to pay.
Actual figures (car £19,999 plus £750 paint = £20,749 minus VED at £365 and £600 discount via Carwow so a true cost of £19,784) are:
Car payment monthly £412.16, deduct monthly mobility £346.66 so actual extra monthly cost is £65.50.
Car tax (VED) is free so had that taken off the new car invoice.
Car service plan monthly for 4 years (excluding MOT costs) is £23.61
Car Insurance around £300 so monthly is £25
Overall total additional cost to eventually own the car works out to a monthly figure of £114.11. I will do approx 34k in 4 years so will probably need some tyres but even if I put an additional £5 a month away for this I should be fine.
I live in a housing association 1 bed bungalow so my outgoings aren’t massive so I can afford this. It’s nice thinking that after 4 years I will own an asset that should be worth upwards of £10k. I looked at second hand, demo’s and pre-reg but the 0% was on new cars and others were around 8.9% so it didn’t really make sense to follow that path.
I’m content with my choice. The process was simple. If I had been unsuccessful with my finance application I would have reverted to Plan B, getting a much older and cheaper car for cash.
Just thought this was worth putting out there in case it’s helpful for anyone else considering leaving.
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Sound plan and I am just waiting for PIP renewal to complete before deciding to go the same route
You could be waiting a long time, a story recently of a girl who was getting reviewed, they give her an award for 2 years, it took them 18 months to do the review, 2 days after she received the letter she got a letter and a form for another review. It is taking them a long time to do reviews in N.Ireland.
Sound plan and I am just waiting for PIP renewal to complete before deciding to go the same route
You could be waiting a long time, a story recently of a girl who was getting reviewed, they give her an award for 2 years, it took them 18 months to do the review, 2 days after she received the letter she got a letter and a form for another review. It is taking them a long time to do reviews in N.Ireland.
Tell me about it, but hoping it will not be to much longer. I cant risk taking a credit agreement without knowing I have the money to pay it in place 🙁
@leftthescheme Well done. It will get easier each time because, as you say, you will have a bigger and bigger deposit and the huge satisfaction of knowing that you own the car. You also won’t be subject to all the rules and regulations. I’m sure that it will be quite liberating. We will be joining you in a few months time.
Once upon a time, I would have said you would have been better off on the scheme. Now though, we all have a serious choice to make. Well done on making the jump and enjoy the car when it arrives.
Skoda Enyaq Race Blue
@Glos Guy
Thanks 😃. Yeah, owning the car will be a huge plus. It’s crazy to think that after 1 extra year above a standard 3 year lease I will own an asset worth over 10k 😁. Another factor is that Suzuki, like Toyota will provide you with a 10 year, 100,000 mile warranty as long as you have the car serviced with them annually so there’s peace of mind. After 4 years I may well just keep the car and enjoy the extra cash in my pocket 🤣.
Not having to deal with all of the new rules and restrictions will be wonderful. I bet you can’t wait to get your new car. It’s a little more upmarket than my 82 bhp Suzuki 😜.
Thanks very much for your kind wishes 👍. Yes, unfortunately we’re all being made to consider our options. I’m extremely fortunate to be in a position now to be able to make the jump. If my credit was where it was not too long ago I would have been stuck with the scheme or a cheap banger.
Its a choice you are making and good luck to you,i like the idea of owning an vehicle at the end of the payment term.
There is one “rule” with HP….keep up the monthly payments or car gets repossessed you lose everything paid….seeing as your payments are based purely on you recieving PIP mobility…lets keep fingers crossed that nothing happens to those PIP payments….Timms is currently working on it and in two to three years a couple of very nastly PIP hating Parties will probably get elected at the next GE.
Its a choice you are making and good luck to you,i like the idea of owning an vehicle at the end of the payment term.
There is one “rule” with HP….keep up the monthly payments or car gets repossesse…This is why i dont advise people to do this unless they can afford the payments without PIP. Atleast with Motability if you lose PIP, you can return the vehicle.
There is one “rule” with HP….keep up the monthly payments or car gets repossessed you lose everything paid…
You could always secure your own finance and buy the car outright, if you lose PIP you can sell the car and pay off the finance. This is what I always did when buying 1 or 2 year old cars.
Enyaq EV
There is one “rule” with HP….keep up the monthly payments or car gets repossessed you lose everything paid…
You could always secure your own finance and buy the car outright, if you lose PIP you can s…It depends, EVs deprecate quite quick. I’ve know people who bought 2 year old evs, but then they deprecate below the loan amount quite quick. Plus, if you need adaptations it becomes well less great. For adaptations on motability you can get alot covered, or they’re highly subsidised. You could be paying upwards of £7K on top to get those adaptations.
It depends, EVs deprecate quite quick. I’ve know people who bought 2 year old evs, but then they deprecate below the loan amount quite quick. Plus, if you need adaptations it becomes well less great. For adaptations on motability you can get alot covered, or they’re highly subsidised. You could be paying upwards of £7K on top to get those adaptations.
People who get PIP and need adaptations, like Mrs Joe, tend to be more severely disabled and less likely to loose the benefit, Mrs Joe is on a 10 year light touch award.
Of course there are people getting PIP who would be up the creak without a paddle if they lost it, but they are more likely to stay on the scheme. The main issue here is there are many people who get PIP who work and have savings and a good credit history, these are the people who are more likely to leave the scheme.
Enyaq EV
I managed to get an early termination. Looking at all of the upcoming changes, I’m not willing to put up with them. I’m very lucky in that my credit is now pretty good after my bankruptcy fell off last month. With this in mind, I thought that it would be daft to keep paying £80 a week for a car I will never own. After a lot of number crunching I’ve made the decision to buy a brand new Suzuki Swift on hire purchase over 4 years. I think I could have done 5 years if I’d wanted to. I chose the Suzuki as they’re offering 0% finance with nothing down. I believe it was easier to get a loan from their finance as it’s tied to the car – they own it until the last payment is made. I had options for a personal unsecured loan but the best rate was 6% and I thought there was probably a lower chance of acceptance. The salesman said that the finance company are more concerned with knowing where you live than income. I am retired and wasn’t asked to provide any evidence of income. Fill the form in and accepted minutes later. Obviously I wouldn’t have gone this route unless I felt able to pay. Actual figures (car £19,999 plus £750 paint = £20,749 minus VED at £365 and £600 discount via Carwow so a true cost of £19,784) are: Car payment monthly £412.16, deduct monthly mobility £346.66 so actual extra monthly cost is £65.50. Car tax (VED) is free so had that taken off the new car invoice. Car service plan monthly for 4 years (excluding MOT costs) is £23.61 Car Insurance around £300 so monthly is £25 Overall total additional cost to eventually own the car works out to a monthly figure of £114.11. I will do approx 34k in 4 years so will probably need some tyres but even if I put an additional £5 a month away for this I should be fine. I live in a housing association 1 bed bungalow so my outgoings aren’t massive so I can afford this. It’s nice thinking that after 4 years I will own an asset that should be worth upwards of £10k. I looked at second hand, demo’s and pre-reg but the 0% was on new cars and others were around 8.9% so it didn’t really make sense to follow that path. I’m content with my choice. The process was simple. If I had been unsuccessful with my finance application I would have reverted to Plan B, getting a much older and cheaper car for cash. Just thought this was worth putting out there in case it’s helpful for anyone else considering leaving.
Not being rude but how the hell did you get finance without a credit check finding out you was bankrupt so soon as most people with bad credit history or retired find it very hard to get any finance and Experian credit ref agency I was told for a lease car you need well over 800 points and most people where I live only score in the 500-700 score so quite amazed you got this but good luck to you.
I managed to get an early termination. Looking at all of the upcoming changes, I’m not willing to put up with them. I’m very lucky in that my credit is now pretty good after my bankruptcy fell off last month. With this in mind, I thought that it would be daft to keep paying £80 a week for a car I will never own. After a lot of number crunching I’ve made the decision to buy a brand new Suzuki Swift on hire purchase over 4 years. I think I could have done 5 years if I’d wanted to. I chose the Suzuki as they’re offering 0% finance with nothing down. I believe it was easier to get a loan from their finance as it’s tied to the car – they own it until the last payment is made. I had options for a personal unsecured loan but the best rate was 6% and I thought there was probably a lower chance of acceptance. The salesman said that the finance company are more concerned with knowing where you live than income. I am retired and wasn’t asked to provide any evidence of income. Fill the form in and accepted minutes later. Obviously I wouldn’t have gone this route unless I felt able to pay. Actual figures (car £19,999 plus £750 paint = £20,749 minus VED at £365 and £600 discount via Carwow so a true cost of £19,784) are: Car payment monthly £412.16, deduct monthly mobility £346.66 so actual extra monthly cost is £65.50. Car tax (VED) is free so had that taken off the new car invoice. Car service plan monthly for 4 years (excluding MOT costs) is £23.61 Car Insurance around £300 so monthly is £25 Overall total additional cost to eventually own the car works out to a monthly figure of £114.11. I will do approx 34k in 4 years so will probably need some tyres but even if I put an additional £5 a month away for this I should be fine. I live in a housing association 1 bed bungalow so my outgoings aren’t massive so I can afford this. It’s nice thinking that after 4 years I will own an asset that should be worth upwards of £10k. I looked at second hand, demo’s and pre-reg but the 0% was on new cars and others were around 8.9% so it didn’t really make sense to follow that path. I’m content with my choice. The process was simple. If I had been unsuccessful with my finance application I would have reverted to Plan B, getting a much older and cheaper car for cash. Just thought this was worth putting out there in case it’s helpful for anyone else considering leaving.
Not being rude but how the hell did you get finance without a credit check finding out you was bankrupt so soon as most people with bad credit history or retired find it very hard to get any finance and Experian credit ref agency I was told for a lease car you need well over 800 points and most people where I live only score in the 500-700 score so quite amazed you got this but good luck to you.
The points score in anyones credit score is just something to give a high level indicator to the user, in a lot of ways its irrelevant. Any credit company will be looking at a combination of factors in your credit report they will not be aware of or be interested in your score. In the case of lease cars or for example HP it is not an unsecured loan because the car does not belong to the registered keeper until the last payment is made or indeed in the case of lease hire it never belongs to the driver, so risk is lower than for example a bank loan.
@on the spectrum
“Not being rude but how the hell did you get finance without a credit check finding out you was bankrupt so soon as most people with bad credit history or retired find it very hard to get any finance and Experian credit ref agency I was told for a lease car you need well over 800 points and most people where I live only score in the 500-700 score so quite amazed you got this but good luck to you.”
I said my bankruptcy fell off last month. It has been on my credit reports for the last 6 years but is now gone. I’ve helped my credit by taking out a credit card 3 years ago and building the limit up from 1k to the current 7k. I use the card regularly but always pay the balance off in full, usually well before the due date. I have a couple of mobile phone contracts and the usual utility suppliers and have ensured everything is golden there so my rating is very good now the bankruptcy is gone.
Retired – the garage couldn’t have cared less nor was there any interest in me proving income. I think that, especially with the loan being tied to a vehicle, they were more concerned with knowing where to find me in case they needed to repossess the car.
As @swwchris says, it was probably easier to get the loan with the car being the property of the finance company until the final payment is made. I just ensured that I had done everything possible to maximise my chances before applying. A soft credit check via Tesco Bank for a personal unsecured loan of 17k said I had a 95% chance of acceptance so I thought I was pretty much guaranteed to be accepted via Suzuki Finance.
It’s like anything – plan ahead and get your ducks in a row and you can make things happen.
By the way, my bankruptcy was due to issues relating to my ex-wife and the mortgage our ex family home and my refusal to carry the can leaving me with bankruptcy as the only option. Hey ho.
@on the spectrum
That’s interesting point: I took recently a car for my kid on PCP with help from @kezo and the team here.
I am a bit surprised, but I still don’t see it on my credit report. Not with Credit Karma (I think they work with TransUnion) nor with ClearScore (I think- Experian).
Sent from a mobile device.
Apologies for briefness and spelling mistakes.Motability Skoda Enyaq SportLine 85x April 2024 (unhappy customer - Ombudsman pending)
Motability Mazda CX-60 PHEV July 2023 (unhappy customer - early termination on mechanical grounds)
Motability VW Touran Family Pack May 2019 (happy customer)@on the spectrum “Not being rude but how the hell did you get finance without a credit check finding out you was bankrupt so soon as most people with bad credit history or retired find it very hard to get any finance and Experian credit ref agency I was told for a lease car you need well over 800 points and most people where I live only score in the 500-700 score so quite amazed you got this but good luck to you.” I said my bankruptcy fell off last month. It has been on my credit reports for the last 6 years but is now gone. I’ve helped my credit by taking out a credit card 3 years ago and building the limit up from 1k to the current 7k. I use the card regularly but always pay the balance off in full, usually well before the due date. I have a couple of mobile phone contracts and the usual utility suppliers and have ensured everything is golden there so my rating is very good now the bankruptcy is gone. Retired – the garage couldn’t have cared less nor was there any interest in me proving income. I think that, especially with the loan being tied to a vehicle, they were more concerned with knowing where to find me in case they needed to repossess the car. As @swwchris says, it was probably easier to get the loan with the car being the property of the finance company until the final payment is made. I just ensured that I had done everything possible to maximise my chances before applying. A soft credit check via Tesco Bank for a personal unsecured loan of 17k said I had a 95% chance of acceptance so I thought I was pretty much guaranteed to be accepted via Suzuki Finance. It’s like anything – plan ahead and get your ducks in a row and you can make things happen. By the way, my bankruptcy was due to issues relating to my ex-wife and the mortgage our ex family home and my refusal to carry the can leaving me with bankruptcy as the only option. Hey ho.
Hi many thanks Chris sorry I did not expect you to go into personal reasons of your bankruptcy only the way it is hard for many to get finance in this tough times but appreciated.
I managed to get an early termination.
Without wishing to be nosy. What did you tell MB to get an early termination of your lease?
I managed to get an early termination.
Without wishing to be nosy. What did you tell MB to get an early termination of your lease?
When i left last year and had early termination. I just informed them my current vehicle was no longer suitable for my needs and there was no suitable alternative upon scheme.
Cars On Motability
2009 Citroen C4 Grand Picasso
2012 Vauxhall Antara
2013 Skoda Superb Estate
2016 Seat Alhambra
2020 Seat Tarraco
2021 Ford Kuga
2024 Nissan X-Trail left in Sep 25When i left last year and had early termination. I just informed them my current vehicle was no longer suitable for my needs and there was no suitable alternative upon scheme.
Thank you. I have a MB car on order with adaptions. I live alone and will be the only named driver. At this present time as I’ve not driven for 10 years and have medical restrictions on my license. I feel it makes sense for me joining the scheme at this stage as I’m not sure whether having a car will make my life easier or harder. I’m hoping the former but I do worry as to how I will get on with loading and unloading my electric wheelchair. I’m hoping I will manage, but if I’m struggling (especially in the winter) then I hope I may be able to come off the scheme and hand the vehicle back. But it’s not my intention. If I do cope having a car I would also like to own my own vehicle and not stay on the scheme long term. Sorry this replay is a bit off-topic of you original post.
@Catattack Just to reassure you, one of Motability’s strengths is how accommodating they can be when a disabled persons needs change. If you find that, over time, you physically cannot manage with the car then they will allow you to change or terminate.
It’s worth keeping in mind though that they won’t let you fit additional adaptations mid-lease, so if you think that you might need a hoist for the wheelchair and /or any other aids, it’s far easier to get them fitted up front.
It’s worth noting how expensive adaptations are too non motability, for one car with hand controls, transfer plates and hoists it would’ve cost about £8k minimum. For the hoist, the actual loading and unloading should be okay, if you get a compact self propelled wheelchair (if you’re able to), as you can then have it in the passenger seat or in the back seats and grab it out and then transfer between them and put it in the car.
Thank you that’s reassuring. Yes I’m having a hoist fitted as well as other adaptions. Also the vehicle I will be leasing has an electric tailgate which will make life easier. When I was last on the scheme I struggled with opening and closing the tailgate by hand.
I only say this because I am in a similar situation to you (the same car is believe as I am getting an enyaq) and I have a q100r power chair. But I do have enough shoulder stability to manage a self propelled wheelchair, but cant stand for the time needed to bring down the chair Have you looked at transfer plates? They are only £9 i believe but then you could sit on the transfer plates, before getting in the car, take the wheels off a wheelchair (alot of compact self propelled wheelchairs have a button you can press and the wheel just comes off). That way you can then just get out the wheelchair and wheel round.
Hi, you’re very intuitive! Yes it is an Enyaq I’ve ordered, and I have added both passenger and driver transfer plates, as you say at £9ea. I only really need the driver side one, but I thought for an extra £9 I might as well get the passenger side one just on case. . Yes I have a manual wheelchair and can self-propel short distances. My aim is to mainly use my manual chair in the way you describe for popping in and out a shop, etc. And the powerchair for when I want/need to go longer distances or carry heavier more awkward items which can be difficult carry when using a lightweight manual wheelchair
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