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I’m surprised there’s not a threat up yet. Wednesday sees the final new quarter for this year, what are we hoping for? New cars or improved pricing.
I’ll start with the ever popular IM5 and 6
I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
I'll try to give my honest opinion but am always open to learning.Mark
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If the government EV grant has been applied to the car to make them cheaper to Motability, can anyone explain why so many AP’s have gone through the roof?
Current car: MG HS Exclusive in nice shiny black. 🙂
Well that’s the Enyaq blown out the water then! Jeez what a hike. With a 1500 ap limit it’s currently looking between the Ariya and e-Vitara (which is an interesting addition and I’ve always been partial to the Vitara).
Or maybe I’ll have to forego the intent to get something with better RW range than the e-C4 and stick in the same 50kW/h 160mile (achievable) ballpark, which in fairness hasn’t been a huge issue to date, I was just hoping for something higher and easier to get me and the toddler g’kid in and out of, a bit more luggage space and another 50m achievable range.
Be interesting to see if any come down quite swiftly, changes over the first few weeks of a quarter do seem to be quite usual.
What a kick in the teeth after Motabilitys email the other day about renegotiating contracts to lower APs and all that. Noticed they didn’t mention excess hikes though. I know they said wait and see but these prices are largely poo who’s paying £8000 for a Vauxhall Grandland?
Still only one affordable EV for under 25s and that’s gone up too.
And Enyaq 85x £5000 wtaf?
Starting to get very twitchy for 18 months time hope it improves by then
I did have a thought for those with nothing suitable that need to order soon. I suppose you could game the system seeing as extending leases is a no go now. Find a car with a huge lead time and order that and hope something better turns up next quarter and cancel order that. Not very fair taking the pee but is it any different than ordering and changing your mind the following quarter?
I was going to order the Enyaq 85x sportline coupe this month for £3250 payment. now the lower spec edition model is £5199 so very sad.
Welp, bit of a massacre.
I did expect (of course) APs to go up, but in particular on the EV side, that’s kind of taking the piss. Very relieved that we got the Ioniq 6 four weeks ago, even though it’s probably still the most reasonably priced offer on the scheme at £2999 (we paid £900 after deals etc).
I think that’s the only car i consider “correctly priced”, compared to everything else that i checked so far. Enyaq and Explorer/Capri, Mach E etc (ie all the interesting ones) are beyond explanation, Elroq didn’t even bother coming back, Born removed….
Yeah, ouch.
Prior: SEAT Ateca Xcellence Lux 1.5 TSI DSG MY19, VW Golf GTE PHEV DSG MY23
Current: Hyundai Ioniq 6 Ultimate
Next: we'll see what's available in 2028.As above £5000 for another Enyaq 85X is def not happening, even £3500 for the basic trim Edition is ridiculous!. Ford Explorer has gone the same way and £8000 for a Vauxhall? someone is just taking the p@ss 🙁
Can’t start looking until next Sept/Oct but it’s not looking good!, will go have a lok at the e-Vitara, seems a possibility at 1.61m height!.
Please excuse spelling/typos. Apart from being a clot it turns out I had one on my cerebellum that's now causing various problems!
If the government EV grant has been applied to the car to make them cheaper to Motability, can anyone explain why so many AP’s have gone through the roof?
As a few of us said at the time, it was never going to happen that APs would fall by the full value of the grant. Lease prices are calculated in a very different way to the prices paid by retail customers. You can bet your boots that whilst the grants technically apply to lease cars, manufacturers will have simply reduced the discounts that they were offering out of their own pockets. The exact same thing happened with the Help to Buy scheme. The biggest winners were the house builders!
As for EV prices rising, I can only guess that with EV residual prices showing no sign of improving, the policy of spreading the loss across all cars in the scheme (so that everyone shares the pain, whether they want or can accommodate an EV or not) is no longer sustainable and APs on EVs are having to increase in addition to this.
As always, there will be winners and losers (admittedly mostly losers). I see that the BMW i4 has gone back up to £7,999 (I think it was £5,999 for a while). Sadly no decent BMWs added. Still mostly just the 3 cylinder 1.5 litres which don’t appeal. Thankfully we aren’t due to change for ages!
Not all electrics qualify for the grant.
Only two at present qualify for the full £3750, both Fords.
Just google for the .gov ev grant site to see the list of qualifying cars.
Also think it’s better for Motability to keep any grant given and funnel towards providing grants for adaptations and WAV’s.
Also think it’s better for Motability to keep any grant given and funnel towards providing grants for adaptations and WAV’s.
It doesn’t work like that. Motability don’t receive the grant. The winners in this case are the manufacturers!
Resale values have plummeted so someone must pay and it won’t be a profit making company, ie Motability.
Even with these higher AP’s, I doubt Motability will post a profit for many years.
Everything had rocketed up in price after the NI hike and relatively significant increase in minimum wage. This even effects employers pensions contributions, so again someone must pay, ie the end consumer.
Privately leased vehicles are also much more expensive although they have the luxury of charging more per month, something Motability cannot do at present.
Well that’s myself moving away from EV’s, due to order after Xmas and the way the AP’s have jumped, has basically priced me out of the market, and the removal of suitable vehicles hasn’t helped. The car I currently have on lease is an EV and would have been more than happy to stay with another.
I will go back to a petrol vehicle probably a XC40, I will ask for an early termination and take the hit, so at least I can have a vehicle that fits my needs, before they push up the AP’s again.
Remember that there have been significant insurance premiums increases this year and Motability pick up the tab for all sorts of drivers, all from the £77.05pw( PIP)
Young drivers
Drivers with several claims
Drivers living in high claim areas.
Drivers driving high insurance group cars
Also the increasing use of writing EV ‘s off in the event of a crash. Many articles on this and the consensus seems to be that insurance companies do not wish to entertain future , perhaps very high claims in the event of a vehicle fire due to undiscovered battery damage. They are happy to leave that to other insurers if the car is put back on the road.
When I last ordered in Q3 2022, AP prices were still sky high due to Covid, the chip shortage and the war in Ukraine. As such, I had to get a grant from Motability charity to cover the cost (£2245 for Ford Puma!). I’ve been keeping an eye on AP’s since Q2 as I’m due to order after Christmas and they’re heading in the wrong direction again with many being now out of my affordability,
I thought I’d ring the grants team again and see if they could help. The process has changed and as the first option, they now look to extend your current lease from 3 to 5 years if your car is still suitable and they assured me that it is not a problem to extend if you go through them.
Option 2 is for an electric vehicle. They are only issuing grants for electric vehicles that meet your needs. If your application is successful for an EV, you can then discuss getting a suitable petrol instead but I was told this isn’t preferred on their part. I asked why the push to EVs, with the current crazy AP’s of some EV’s with some AP’s more than doubling from yesterday’s price but was just told that this is how it is now.
Remember that there have been significant insurance premiums increases this year and Motability pick up the tab for all sorts of drivers, all from the £77.05pw( PIP)
Haven’t they covered this by more than doubling the excess from £100 to £250 for new applications?
Just took some time out at the river edge, seen a few fish rising, hoping to pull a pike out of there one day, anyway my point is if the AP, lists and whatever else stresses you take some time out…
😴An extra £150 per claim doesn’t even scratch the surface for claims, it merely offset the small car park dings and wheel kerb damage claims.
Also still smaller than most private insurance excesses.
Yesterday we ran some rudimentary figures to produce an average AP price, the intention is to compare quarter by quarter average pricing increases / decreases. We will produce a more accurate figure for the coming quarters.
Our figures show yesterday the average AP was £2816 and today it has risen to £2913.
Don’t forget Motability has said they are renegotiating contracts looking to lower EV AP and add more EVs to the scheme as well as making grants more accessible and easier to claim.
Unless you need to order now I really wouldn’t panic things are changing let’s see. As I said if you need to order soon find something with a really long delivery time and try again in January you can cancel up until you out the pin in on collection and that’ll extend your lease seeing as we can’t just get an extension any more.
An extra £150 per claim doesn’t even scratch the surface for claims, it merely offset the small car park dings and wheel kerb damage claims. Also still smaller than most private insurance excesses.
Does anyone claim on those?
It feels like Motability is being hit by the same “greedflation” that’s affecting so many other sectors in the UK.
Despite holding billions in reserves, the scheme is pushing up advance payments and reducing choice. Because Motability operates as a monopoly, there’s no real competition to keep prices in check. On top of that, past reports have highlighted high executive pay and very large reserves, which makes it harder to accept why disabled customers are being squeezed while affordable car options shrink.
The official explanations (EV transition, insurance hikes, used car values) are valid, but the scale of the quarterly increases suggests the scheme is protecting margins first and customers second.
Remember that there have been significant insurance premiums increases this year and Motability pick up the tab for all sorts of drivers, all from the £77.05pw( PIP) Young drivers Drivers with several claims Drivers living in high claim areas. Drivers driving high insurance group cars Also the increasing use of writing EV ‘s off in the event of a crash. Many articles on this and the consensus seems to be that insurance companies do not wish to entertain future , perhaps very high claims in the event of a vehicle fire due to undiscovered battery damage. They are happy to leave that to other insurers if the car is put back on the road.
Insurance is lowest it’s been in more than 2 years according to Confused.com (sept 25), who went on to say premiums have dropped by 16% over the last 12 months and have gradually been falling since the beginning of 2024 however, premiums still remain higher than pre covid levels.
Motability provides fleet insurance, which is generall cheaper due to bulk discounts and whils’t fully comp is provided, it is a bare policy compared to the cover provided by individual private or commercial fully comp policy.
Ontop of your sacrified benefits, theres often an eye watering AP to go with it.
The price of petrol and hybrids are stable on the Scheme, the big hike is the price of EV’s. Which we all know were heavily discounted.
The Press are all over Motability, who like to keep a low profile.
Everyone is feeling the pinch and it’s hurting.
I can imagine the conversation at the fast charger between a private lease and a motability customer who both are driving an Ioniq 6 that they got last month. One pays £330 a month with £1500 down and the other put £4k down and pays over £400 a month, one had to pay for a home charger and insurance, the other does not.
This chat will not stay at the fast charger, it will make it into conversation, social media and the national press. This move was inevitable, sad, but inevitable.
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