[Donkey Oatie]

With the impending Recession /Depression which is widely forecast. Large increase in unemployment and general purse tightening. Maybe there will be a glut of nearly new used cars coming on the market when people cant afford their finance deals. Plus lots of desperate dealerships. Perhaps this would be a good time to leave the scheme and buy??

Topic

[Phaedra]

I think for most of Motability’s customers it’s the security that everything is covered, there’s no nasty surprises when/if anything were to happen like accidents, replacing tyres, servicing etc..

Please excuse spelling/typos. Apart from being a clot it turns out I had one on my cerebellum that's now causing various problems!

[Motaxyz]

Donkey Oatie

I sincerely hope you are not correct with your gloomy forecast of the economy leading to an advantage to those well off enough to benefit from others misfortune.

As Phaedra says there are so many advantages to Motability and the way they assist their customers.

[Mossfinn]

I don’t think there will be discounts as large as Donkey is predicting. Dealers only have a small margin on cars so there’s a limit to how far they can go.

If you go for finance, you might get some more attractive offers but it’s hard to see how you will save much money buying privately , or what car you could get, when you have to factor in insurance, servicing, tyres, maintenance and a lease for less than £300 a month.

[Wigwam]

Used car dealers generally have bank finance paying for the cars on their forecourts on a daily basis and expect to turn stock over in about 30 days.  The cost of that stock over the shutdown period will have risen so they are likely to need top price to stay in business.

[Jane]

We where thinking the same .but mobility is a security. And hassle free.

[Donkey Oatie]

I would say it is a simple case of supply and demand, if the demand is low  and the supply is high due to cars being returned early on lease schemes the values of the cars will drop. in the same way the AP for motability is calculated looking at the probable value of the car at the end of the lease period this is one of the reasons why not all cars with similar purchase price have the same AP.

Smallcar: its not a case of benefiting from others misfortune its just a case of if the market price is low then is that a good time to purchase a used car. If you follow the logic of not benefitting from others misfortune then you shouldn’t purchase anything imported from countries with low wage workers as you are benefitting from others misfortune in having to work in these industries including Mexico for VW Mercedes BMW etc etc

[Philjb]

I wouldn’t buy and run a new or a secondhand car again while the scheme is running.

second hand car prices were at an all time low anyway so we are told.

Don’t forget the lease companies are also giving 3 month payment breaks for those who need it so there may not even be a massive flood of used cars.

[Motaxyz]

Donkey

Of course, we can never be sure that purchases we make are ethical in all respects. I was expressing my hope that the economy will not collapse with the inevitable consequences which always fall on the poorest in society.

[Tharg]

Cheap “nearly new” vehicles would not tempt me to stop using Motability. The scheme’s “all-inclusive” nature means that I do not have to worry about servicing, tyres, RAC membership, car tax, insurance etc. Everything taken care of – stress relief worth every penny.

Moreover, from my experience, there’s only one thing guaranteed anout a second-hand car – it WILL break down and the dealer will be a right dodgey cove!

[BionicRusty]

Wise words @Tharg

I have to admit I’ve considered the post’s subject point from @DonkeyOatie but I’m almost certainly going to lean towards the safety net of Motability. My condition is only ever going to worsen and when I go out I panic more and more as I get older of being stranded.
It may be right for some and some will need the money more than a new car.
For those that do use Motability, I’m sure, as I am, that all are thankful for it being there.

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

[Oscarmax]

I have been down that route and brought 12 month old cars, after many years of losing money I sat down and put everything on  a spread sheet, I came to the collusion taking into account depreciation insurance etc for us the Motability scheme is hard to beat.

Unfortunately I have suffered a brain injury and occasionally I get confused and often say the wrong thing.

[Author]

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