- This topic has 17 replies, 14 voices, and was last updated 5 months, 3 weeks ago by
.
- Topic
I’m sure there are members out there that will have some real life calculations to share.
My current lease ends in February and given today’s news, I’m strongly considering going it alone.
Anybody got any visible comparisons to share of what they’ve purchased instead and how costs compare? Lease, PCP, HP? Etc etc.
Thanks in advance
- Replies
I started to look off the scheme, I very much doubt they will allow an extension in August 2026
Unfortunately I have suffered a brain injury and occasionally I get confused and often say the wrong thing.
Its hard to compare the two unkowns of not knowing the full facts from Motability and what deals will be in February.
There also the option of used / nearl new, that can be attractive however, the downside if you want, is you will need a good credit rating, with anything that involves borrowing.
More than ever right now, I won’t be taking up a motability car again.
A nissan micra on my salary sacrifice scheme with nil advance payment, 36 month lease and 15000 miles PA inc All servicing and maintenance, Fully comprehensive motor insurance, Annual road fund licence, Replacement tyres , Roadside Assistance Including European Cover= £315 per month.
Motabilty price is £4,295 up front – 20000 miles per annum – including All servicing and maintenance, Fully comprehensive motor insurance, Annual road fund licence, Replacement tyres , Roadside Assistance Including European Cover. I work it out at around £338 per month on pip mobility.
So I can take the £77.05 weekly pip payment tax free, lease through my employer with more certainty on the contract terms, giving me a £200 tax rebate a month from my salary….. I cant see how that helps the economy but why would I renew through motability and try and find the ridiculous AP?
2024 Skoda Enyaq estate- 85x Sportline plus in Race Blue. Extras: Supernova 21 inch wheels, Maxx Pack, Transport Pack, Heat Pump and Pano Sunroof.
Ordered 31/10/23, Delivery 27/3/24I should have said- to equal out the mileage and take the car on salary sacrifice at 20,000miles per year, it will cost me £339 a month but I will save £220 in income tax not being taken from me.
2024 Skoda Enyaq estate- 85x Sportline plus in Race Blue. Extras: Supernova 21 inch wheels, Maxx Pack, Transport Pack, Heat Pump and Pano Sunroof.
Ordered 31/10/23, Delivery 27/3/24More than ever right now, I won’t be taking up a motability car again. A nissan micra on my salary sacrifice scheme with nil advance payment, 36 month lease and 15000 miles PA inc All servicing and maintenance, Fully comprehensive motor insurance, Annual road fund licence, Replacement tyres , Roadside Assistance Including European Cover= £315 per month. Motabilty price is £4,295 up front – 20000 miles per annum – including All servicing and maintenance, Fully comprehensive motor insurance, Annual road fund licence, Replacement tyres , Roadside Assistance Including European Cover. I work it out at around £338 per month on pip mobility. So I can take the £77.05 weekly pip payment tax free, lease through my employer with more certainty on the contract terms, giving me a £200 tax rebate a month from my salary….. I cant see how that helps the economy but why would I renew through motability and try and find the ridiculous AP?
I would think there are better salary sacrifice deals than the Nissan Micra due to it’s poor residual value.
Enyaq EV
there may well be- I chose to pick a British brand to demonstrate the stupid decisions taken today that demonstrate the government being fiscally worse off by their decisions. If I took this option, the government would lose £7,920 in lost income tax as thats what I would save over the 36 months. It demonstrates that those not working who have to find the ridiculous AP comparable to those working and paying £1 extra a month paying ZERO deposit/advanced payment , getting a £7,920 saving in income tax. Its perverse!
2024 Skoda Enyaq estate- 85x Sportline plus in Race Blue. Extras: Supernova 21 inch wheels, Maxx Pack, Transport Pack, Heat Pump and Pano Sunroof.
Ordered 31/10/23, Delivery 27/3/24I’m sure there are members out there that will have some real life calculations to share. My current lease ends in February and given today’s news, I’m strongly considering going it alone. Anybody got any visible comparisons to share of what they’ve purchased instead and how costs compare? Lease, PCP, HP? Etc etc. Thanks in advance
Yes, I do have first hand experience of running Motability cars and private cars alongside over the same period. I no longer have the precise figures to hand, but can give you a feel for it.
Basically, when my wife and I were both still working, I purchased a brand new BMW 5 Series privately at the same time as my wife took delivery of a new VW Tiguan through Motability. When we retired I sold the BMW, as we then only needed one car and at that point I calculated the cost of ownership. I was staggered to find that the total cost of ownership of the BMW (depreciation, insurance, servicing, tyres etc) was pretty much identical to the leasing cost (sacrificed PIP plus Advance Payment) of the Motability car, yet obviously the 5 Series was a significantly better car. However, it’s worth stressing that, as a combination of dealer, manufacturer and BMW finance offers, I had negotiated a 25% discount on the new 5 Series. This included taking out a PCP agreement (which I didn’t need) just to get the deal, which I cancelled a month after taking delivery of the car by paying off the balance. The total interest that I had incurred was £12 and I was able to keep the entire discount. This is a loophole that I’ve done several times, including with VW.
My personal view is that if you are insistent on having a brand new car and are unable to buy it outright as I did (so are reliant on a lease or PCP deal), you will still find it cheaper to lease through Motability, even with all the erosions to the scheme and additional costs heading your way. This is primarily because Motability get a block VAT exemption, which is remaining even after the budget (other than for advance payments). If you want an EV, I personally would only get one through Motability. The risks and costs are just far too great to buy one yourself. Motability shields you from all of these risks and also pays for a home charger.
If you are a full time wheelchair (or stretcher) user, needing “substantial and permanent adaptations” to the car, and are still insistent on a brand new car, you can take advantage of an HMRC scheme which allows you to buy a new car every 3 years with 100% of the VAT deducted off both the vehicle price and the cost of options. You will also pay zero VAT on all servicing and maintenance costs for the time that you have the car.
The most sensible option for most people would be to use their PIP (or equivalent) towards a used car, which offers substantially cheaper running costs, given that the biggest cost of car ownership is depreciation. The average age of cars on our roads is now 10 years old, with millions easily surpassing 20 years old. The days of ‘bangers’ are gone and most modern cars will achieve this age with few problems and any issues that do arise will still cost a fraction of the depreciation on a new car. However, this approach requires an initial up front sum of money to buy a car, which many current Motability customers might struggle with. There are, however, PCPs on used cars.
Sorry that was a very long answer to a simple question, but the answer depends on many different factors, not least people’s financial situation.
Removing BMW Audi Mercedes Lexus and Alfa Romeo is window dressing politics if they genuinely wanted to support British made cars such as Nissan Cashcry then why are they promoting Chinese made cars you know the electric ones that don’t pay road tax or fuel duty weigh 2 tons and churn up the roads causing potholes because the Chinese have turned the torque curve up to bugger the roads up
IF you are employed and you have access to the new salary sacrifice scheme (with the NI changes announced today ) you could still be better off away from the scheme. When you take into account the wider choices available to SS schemes, I’d seriously be thinking about that as an option.
If you’re not working but have the cash, then an outright purchase of a very nearly new car kept over an extended period might prove beneficial.
If you’re not working and don’t have the cash, finance won’t happen and the scheme becomes a very attractive option, especially as grants are available if money really is tight.
If you’re working but don’t have access to a SS scheme, then it comes down to how good your credit is.
Some of us are tied to the scheme as there’s no real alternative to get a decent car. If you have access to low or zero interest alternative sources of funding, there are other options available and if you were wanting an EV, then there’s scope for a really good deal.
I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
I'll try to give my honest opinion but am always open to learning.Mark
Thanks everyone for responses.
I do have access to a salary sacrifice scheme so I’m going to have a quick look at it.
Although, I’m still not sure it’ll be better for me versus motability in its current form. I’m looking at a Skoda enyaq (£5k AP one).
Need to do the maths but I’d imagine it’ll still be better to stay on scheme for one more term, purely because I can order now, in this quarter.
Thanks everyone for responses. I do have access to a salary sacrifice scheme so I’m going to have a quick look at it. Although, I’m still not sure it’ll be better for me versus motability in its current form. I’m looking at a Skoda enyaq (£5k AP one). Need to do the maths but I’d imagine it’ll still be better to stay on scheme for one more term, purely because I can order now, in this quarter.
I have no knowledge of salary sacrifice car schemes (although I’m surprised that they survived yesterdays budget when the axe was taken to far more important salary sacrifice pension schemes), but I suspect that Motability might still work out better for you if you are looking at an EV. Worth running the numbers on both though. As it’s an EV, I wouldn’t entertain any other option.
As you say, if you can order now you will be ahead of the inevitable AP hikes once VAT and 12% insurance premium tax are added to APs (which will add over £1k to a current £5k AP) and whilst the very generous mileage allowances remain. You’ll also get a home charger fitted for nothing.
Next time around it will be a much closer run thing and the salary sacrifice scheme may well be the winner (unless that’s axed in a subsequent budget) and you will already have your home charger.
Do you have to be poor and Disabled to have a Mobility car? It would appear these are the new rules. It is distastful to see the politics of envy being played.
If one has the affordability to contribute to an AP that meets your requirements that is your choice, not the Govt. Mobility has offered good value packages for running a car. Getting in and out of with aids of Heated seats, steering wheel, parking aids and comfortable seating are essential for many.
Over a year to go before I have to address which avenue will be preferable, lease extension, purchase a car of my choice, or Mobility car of choice.
2024 - KIA EV6 GT Line AWD
2019 - 2024 BMW X1 2.0d X Drive Sport Auto
2017 -2019 Audi Q3 2.0d Quattro Sport Line Plus
2005 - 2017 Honda CRV Exec 2.0dI’m lucky enough to have only just ordered a car and been told via e-mail, that my current lease and my new lease will not be affected by any changes, but I am considering coming off the scheme.
Like everyone else I have no idea what things will be like when I come to the end of my current lease (Jan 2027). I’m very limited for choice as it is, 1.97m with mobility problems etc so need something 1.6m high and pref an EV.
Buying an EV privately isn’t an option, depreciation etc. means it’s simply not a sensible investment. I may look at leasing if I can get a good deal but who knows?
Please excuse spelling/typos. Apart from being a clot it turns out I had one on my cerebellum that's now causing various problems!
The Nissan Micra is manufactured in Douai, France. The Nissan Juke, Qashqai and new Leaf are ‘British Built’
I’m lucky enough to have only just ordered a car and been told via e-mail, that my current lease and my new lease will not be affected by any changes, but I am considering coming off the scheme.
Same here in lucky I’m of to see a dealers tomorrow but even weeks, or months ago my wife keeps saying to me we alto use all our life time savings and buy our own car.
At my age I can’t risk spending all that money, though it would be replace by PIP payment eventually but we never know what’s around the next bend and funerals ain’t cheap these day’s.
Being tall and having back problems and Parkinsons, the old MPVs like Alhambra Grand picasso etc where best cars for me. Vehicles like these are getting harder and harder to find on the scheme. Therefore when sadly both my parents passed last year and i came into an unplanned inheritance. I decided while i can still get out and about get something that will realy benefit me. VW was doing 0% finance on the new VW California camper van
Which also includes:
5 Services + 3 MOTs
5 Years’ Warranty or 124,000 miles
5 Years’ Roadside AssistanceThe insurance was steep even with some discount for previous 5 years no claims.
But basically only other extra will be paying for my tyres compared to motab, But now i can choose brand i want and change earlier.
So yes it is costing me more but not a ridiculous amount more and have a vehicle i realy want, that ticks all my needs rather than last few which have always been a compromise. However still immensely grateful for the scheme as otherwise i would not have had the reliability i had. Also not a circumstance i wanted to be in to be able to afford this.
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 25
- You must be logged in to reply to this topic.