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as we all are seeing big advanced payments, is time motability help us with advanced payment over the 3-5 year lease.so we pay monthly.trying to find this kind money is worrying with other living responsibilitys.living within your means and what you actually need can be very different.for me personally I need large estate car as both me and the wife are both in wheelchairs.and these cars, when there on the list are nearly £4000 adp.
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as we all are seeing big advanced payments, is time motability help us with advanced payment over the 3-5 year lease.so we pay monthly.trying to find this kind money is worrying with other living responsibilitys.living within your means and what you actually need can be very different.for me personally I need large estate car as both me and the wife are both in wheelchairs.and these cars, when there on the list are nearly £4000 adp.
I don’t think Motability’s business model can work like that. What you are in effect doing is asking Motability to give you a loan to cover the AP.
Whilst Motability hold a Financial Conduct Authority licence, it is only for specific activities and product types. It is not licenced to give loans (or operate as a bank or conventional finance company):
https://register.fca.org.uk/s/firm?id=001b000003IK9puAAD
Also, as it stands, Motability are guaranteed their payments – from the customer paying the AP in advance of collecting the vehicle, then by the direct payments from Veterans UK/DWP.
Even if they varied their FCA licence to permit customers to in effect borrow from Motability puts risk on Motability. The customer may not pay the loan off over th e course of the lease or stop paying mid-lease. This sort of thing would have to be priced in (usually by paying punitive interest).
Would Motability like the negative PR of re-possessing disabled people’s vehicles if they stop re-paying this loan? Also, what would happen should the vehicle be written off with the ‘AP loan’ still outstanding? The customer would be in an even worse position going forward unless they had taken out (usually expensive) Gap insurance to cover this sort of event.
Also, institutions that (legally) make loans have to be ‘Responsible Lenders’ – they would be duty bound to do affordability checks – basically a credit worthiness check. Not wishing to be condescending, but I believe a percentage of Motability’s client base may not pass these checks.
Probably the correct way to achieve your aim, would be for the customer to save during the current vehicle lease to pay the AP of the next vehicle and so on onwards. If people cannot afford to save like this, how would they be able to service any loan they have taken out to cover the AP anyway? A paradox indeed!
The thing about all such ideas, including lowering the price of automatics to that of manual, is there will always be winners and losers. If Motability could do as asked, and i understand that they can’t, then someone would have to pay for it down the line. It would certainly help those with restricted finance’s, but would almost certainly result in an actual increase in AP`s. Thats not to say that something could not be done to help those most affected as the scheme already subsidises those who do the most mileage, up to 15,000-20,000 miles per year. These cars will realise way less money, at sale, than cars doing less than 10,000 per year.
So although the idea can’t work, for the reasons explained by Dave, thats not to say that nothing can be done to help those most affected by this, hopefully temporary, anomaly.
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.Is it not possible to get a Motability grant
Unfortunately I have suffered a brain injury and occasionally say the wrong thing.
Is it not possible to get a Motability grant
You might think you could and I wonder if they still do grants as talking to Motability recently about getting help in the way of a grant for the £590 hoist I need along with the £445 remote control if only help with part of the cost they said I would not get one because the hoist I have in my current car is OK and not taking it on board that driving adaptions like the remote control cannot be moved to the new car on safty grounds though they pass the buck on that one back to RSA.
I then pointed out to them that Motability no longer give the option of transferring your current hoist to another car despite that they say you can in there misleading website. OK so you can still transfer your hoist but you have to pay the installers who tell us it would be cheaper just to get another new hoist from Motability.
To me it stinks of Motability discouraging us from asking for a grants while making out every thing is rosy in having it look like on the surface the help is there if we need it but in reality its not. With that in mind I would say the chances of getting a grant these days for AP are zero.
Hi lab
As it was I didn’t ask for help with the AP even though they told me last year they might give me help paying towards the DSG gearbox over the cost of a manual but when the time came they went quite on that too and auto box is as far as I’m concerned a disability driving adaptions as I never need one before I became disabled.
I thought it was a bit of a cheek to ask for help with the AP as the car I’ve ordered is not the basic model in the range but though I might have got a bit of help with adaptions in the view that it can only be transferred to the new car at cost that are greater than buying a new one. It’s a waste apart from anything else and puts the government and all there cronies in the true light of only being all mouth about recycling the things we use to save the planet.
Wish you luck with the grant.
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