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i took delivery of the above in march 2020 ordered in jan ap £785.00, i am on wpms by the way.
to order the same now would be £2343.00. an increase of £1625.00.
the retail price has gone up £2995.00 but £800 of which is on the road fee which includes road tax which we dont pay. so lets say £2195.oo
so it may seem the ap is reasonable given the increase in retail. however over the period wpms has increased allbeit very slightly but most significant the end of lease 2nd hand price mota will acheive i would argue would more than cover the increase in retail. so wheres the justification for a £1625 increase in ap?????
answers on a post card please lol.
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Hi Mitch. Interesting stats and explains why so many customers are going to be priced out of the scheme.
I guess that the most relevant comparisons would be the percentage of the on the road cost that the AP’s are now compared to previously.
I have no idea how much your car is / was but, for the sake of argument, let’s say that it was £30k when you got it and is £33k now. £785 AP would have been 2.6% of £30k, whereas £2,343 AP now would be 7.1% of £33k. Obviously that doesn’t take account of the £10k sacrificed benefits (more with WPMS?) which remain constant.
Whichever way you look at it it’s not good!
your close glos guy, apologies i should have listed them, march 20 £32179.99 now £35175.00.
wpms £69.85
your close glos guy, apologies i should have listed them, march 20 £32179.99 now £35175.00. wpms £69.85
OK, so AP used to be 2.44% of the retail price and is now 6.67%. Doesn’t sound any better does it ?
current value of car £26075.00 according to one of the online valuers. i suspect dealer forecourt would be even higher.
If I give you the example of my vehicle, acquired in October 2019, it had an AP of 1299, the most recent AP quoted was 3999, the retail price actually went down by 2000 over the same period from 37k to 35k, so, if you are looking for logic in Motabilities pricing structure, good luck with that ?
Currently driving Seat Ateca 2.0 FR Sport TDI 190 DSG 4drive
Mokka E ultimate on order
could be second hand values have dropped(although I doubt it)
Current Car: Hyundai Kona Premium EV...2 way 40kg hoist
Last Car: Toyota C-HR Excel Hybrid...4 way 80kg hoist
But where does the money go!?!? Are they preparing for second hand residuals to plummet? It’s a financial cushion having such high AP’s? It’s infuriating ?
if you take the purchase price of £33k deduct the value now/end of lease say 26k (i reckon they would get more) thats 7k theyve lost so to speak. but 3 years wpms is £10896.00 and the ap of £718.
that means theyve made £4614.60 on one car.
and i reckon they would have got a discount on the 33k in the first place and they will get more than 26k at the end so your looking at close to 10k in reality.
of course you have to take off insurance, taxes, servicing etc, but yup they still make a big profit; especially at moment.
Current Car: Hyundai Kona Premium EV...2 way 40kg hoist
Last Car: Toyota C-HR Excel Hybrid...4 way 80kg hoistYes but why? Only so many bonuses, fancy office makeovers and wage increases you can push through. The profits are piling up faster than they can utilise a small proportion of it.
I like to stay positive about it all and assume it’s for a rainy day crash of the used car market after the semi-conductor crisis ends, but I don’t think it’s that simple or innocent.
It wouldn’t be a “crash” of 2nd hand values it would just be a return to previous levels at which Mota were making a handsome profit already!
Can’t see a need to bolster their cash cushion any more than it is, just profiteering plain and simple!
The AP on the BMW Gran Coupe, this quarter is £3499. Plus its now, an extra £1150 for leather interior, used to be included, (bmw pricing not motobility). Totally Shocking. Priced itself off the scheme IMHO.
the only bright bit ive seen is that the bmw i3 is still below £1k for the suite trim on wpms.
at the moment that would be the only car that would tempt me to continue on the scheme.
I’m surprised and massively relieved that the AP for the Ford Puma Vignale has remained the same this Q!
the 2 64kwh konas went up 100 quid, which was probably to take account of govt grant reduction. still both are excellent value, especially if you still get the charger
Current Car: Hyundai Kona Premium EV...2 way 40kg hoist
Last Car: Toyota C-HR Excel Hybrid...4 way 80kg hoiststruth the kona i havent test driven and in pure range terms would be the better option as i cant have a charger at home due to no offroad parking and its 10m at least from my bungalow to the road.
i almost went for the i3 last time but bottled it and marshalls were offering 0 ap when the ap at the time was over 2k. only for 24hrs though.
theres just something about the design of the i3 that appeals whereas the kona is a bit samey with every other small suv/crossover.
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