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.
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from april
daily living enhanced £101.75 week
mobility enhanced £71.oo week
so m0tability are going to get even more from us
will they reduce the advance payments
or is that what the £750 we get if we order a new car
- Replies
This topic has already been discussed in multiple threads. The increase is already factored into the current prices, so yes the £750 is part of that formula. Don’t expect anything to change after April.
If I seem a little strange, that's because I am.
Skoda Karoq SEL.
Thanks for the info martin ?
I’m not at all convinced that the additional 10% benefit income is factored into current prices. I certainly haven’t noticed an across the board reduction in APs of over £1,000.
The £750 new vehicle payment seems to be more about encouraging people to remain in the scheme and is also in response to criticism about excess profits and surpluses that Motability have generated through, amongst other things, buoyant residual values.
Seems very little doesn’t it then you work out that you will pay motability £18,460 over a 5 year lease.
If youve got a decent credit score motability makes less and less sense.
I’m not at all convinced that the additional 10% benefit income is factored into current prices. I certainly haven’t noticed an across the board reduction in APs of over £1,000. The £750 new vehicle payment seems to be more about encouraging people to remain in the scheme and is also in response to criticism about excess profits and surpluses that Motability have generated through, amongst other things, buoyant residual values.
The residual value is interesting, it’s not just the lack of availability that’s making money for them.
Our car is a 1L MHEV petrol estate, it’s ULEZ complaint. I’ve read they are in huge demand in London, the list price was around £25k. Motability will have got this VAT free which makes it around £20,800. They are currently selling for £20,000 – £21,000. We paid £750 AP and they’ve had 30 monthly pip payments so far. This is scandalous. Could a more personalised lease work based on your own car, mileage etc, I could see us getting a few grand back if they did this.
Motability would have got it for a lot less than £20,800. Probably more like £18,000. They don’t pay retail.
My Tuscon was £33,620 (ex VAT £26,930) OTR price inclusive of metallic paint and delivery charge
Motability paid £24,629 for the car.
Motability would have got it for a lot less than £20,800. Probably more like £18,000. They don’t pay retail.
Probably closer to £16k. If I can get 10-20% discounts as a private buyer, one of the biggest leasing companies in the UK certainly won’t do worse than me!
Smoggy, What you haven’t done is factor in the increase in future benefits, that £18,460 will probably be around £2o,ooo plus app.
A private lease is fixed so any increase in benefits goes in your pocket not Motability’s profit.
Motability has also reduced the good condition bonus in future.
Sorry might, but you can’t get such a goid lease deal for £250 a month. Yiu don’t get such a large mileage allowance, insurance tyre replacement and servicing for tgat price.
Im talking about the larger specked cars, not the tiniest, cheapest cars on the scheme.
find a comparable lease scheme for the same fist per month and relatively liw ap/initial payment
Except that from April it’s £307.67 a month plus whatever AP you pay.
Sorry might, but you can’t get such a goid lease deal for £250 a month. Yiu don’t get such a large mileage allowance, insurance tyre replacement and servicing for tgat price. Im talking about the larger specked cars, not the tiniest, cheapest cars on the scheme. find a comparable lease scheme for the same fist per month and relatively liw ap/initial payment
It’s always been the case that the most expensive cars on the scheme offer the best value and the cheaper ones the worst value, primarily because you sacrifice the same £11,120 benefits over the 3 years.
Our car had a discounted AP of £2,250 plus the full allowance for a £41k car. Our total outlay over 3 years will equate to 32% of the cars value. If you have a car retailing at say £22,240 with Nil AP but full allowance, then the leasing cost equates to 50% of the cars value over the same 3 years.
For those who are able, it is perfectly possible to buy and run a cheaper car, including ALL costs, for considerably less than running the same car through Motability. Leasing wise (if that’s your only option), Motability always wins.
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