Motability Price Release Planned for mid-June

This topic contains 15 replies, has 7 voices, and was last updated by  Smallcar 1 month, 2 weeks ago.

Viewing 15 replies - 1 through 15 (of 15 total)
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  • #113979 Reply

    Matthew

    Fingers crossed

    #113981 Reply

    Saintsman

    They could speed up new applications by allowing us to lease nearly new cars. There are a number of cars on dealer forecourts with less than 1000 miles lots less than 50 miles. It is exceptional circumstances after all.

     

     

    #113984 Reply

    BigDave
    Participant

    They could speed up new applications by allowing us to lease nearly new cars. There are a number of cars on dealer forecourts with less than 1000 miles lots less than 50 miles. It is exceptional circumstances after all.

    I don’t somehow think the dealers would want to jeopardise their overall new car sales (in which Motability cars are often counted) which affects both the costs of vehicles supplied from manufacturers and sales bonuses.

    Then with the current reluctance of people to travel on public transport, there could well be private buyers looking for  ‘nearly new’ cars which they can get relatively quickly for reliable travel to/from work when things ease in the next few weeks.

    Even when the new Motability prices are released, it could still be a case of those on extended contracts only for a period of time, before others due to change but haven’t had their contract extended and maybe last of all new scheme customers.

    So, it could be still quite a while before people can order on the scheme. Then of course there could still be delays whilst manufacturers get fully upto speed with production and decease any backlog.

    #113987 Reply

    Mike

    Can’t wait to see new Seat Leon hybrid on there

    #113992 Reply

    Elliot
    Participant

    Seeing as nearly new cars are not subject to VAT, I can’t see any benefit to Motability.

    #113993 Reply

    Rhodgie

    All car sales are subject to vat.

    #113995 Reply

    Elliot
    Participant

    It used to be different in that only VAT was chargeable on the profit made.

    #113996 Reply

    roly
    Participant

    How would it be feasible for Motability to set a pricelist for nearly new cars? The permutations would be potentially endless based on model, spec, mileage, age.

    #113998 Reply

    BionicRusty (Wayne)
    Participant

    Good spot @bigdave. Thank you for posting. 🤞

    🏎 I will be remembered for nothing but had great fun doing it 🏎

    #114001 Reply

    Rhodgie

    For a used car it’d be impossible for motability to give an AP so that’s a no go.

    VAT on a used car is on the dealers margins…. so if he gives £10,000 for a car as a trade in then sells it for £12,000 then the VAT is on the £2,000 profit, not the whole £12,000 selling price.

    Really looking forward to a new list being released and hoping my preferred choice of car is on it 🤞

    #114003 Reply

    Littledave

    The VAT on a used car is calculated on the profit margin and is not reclaimable.

    #114027 Reply

    Rhodgie

    The VAT on a used vehicle CAN be reclaimed.

    As can VAT on anything bought for a disabled person who is entitled to a VAT refund… ie. car, wheelchair, bed, zimmer etc. as long as the company you buy it from is VAT registered.

    #114087 Reply

    ChrisK
    Participant

    This is what cargurus.co.uk say on VAT on second-hand cars…

    If you are buying a used car in a private sale, there is no VAT to pay. If you are buying a used car from a dealer, then he or she will need to pay VAT on any profit made. This is known as the second-hand margin scheme. However, the amount of VAT will not be itemised on the invoice and is of no concern to the buyer. …

    Pay attention to the line “However, the amount of VAT will not be itemised on the invoice and is of no concern to the buyer.”

    Now you know why Arthur Daley was a car dealer.😁

    #114090 Reply

    Rhodgie

    <p style=”text-align: left;”>It’s of no concern to a regular buyer because they are not claiming the VAT off, forget cargurus and go check the .gov.uk website</p>

    #114094 Reply

    Smallcar
    Participant

    A disabled person cannot reclaim VAT on a car unless it is permanently and substantially modified for their needs.

Viewing 15 replies - 1 through 15 (of 15 total)
Reply To: Motability Price Release Planned for mid-June

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