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my wife , age 64 ,has just been awarded pip enhanced mobility expiry june 27, due to retire 18 months time, which means I believe pip will rollover and continue when she reaches SPa, I due to retire in 3 years ,we currently have 18 plate kia picanto gtline 100hp, all paid for and no finance currently has 15k miles on it and 18 month warranty remaining in excellent condition, question is what do we do, keep the kia ,or get a motability car and retain the kia, or get a motability car and dispose of the kia, money is not an issue, suggestions accepted gratefully
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Do you need two cars?
Is the Kia Picanto suitable for your wife’s disability currently and will it be in 3 years time.
If the answers to these two questions are No and Yes, then keep the Picanto and pocket the PIP to help with general expenses and the running costs of the Kia. Don’t forget to register it as a VED free car, that’s another entitlement under PIP, no “road tax”.
On the other hand, if you say money is not a primary concern, why not go for a Motability car? Everything except fuel is paid for and you may fancy something new on the driveway.
Potentially you could part exchange the Picanto against the Advanced Payment of a new Motability car.
If you do mainly short journeys, you might even consider an electric car, they’re good value on the scheme versus some petrol powered models and Motability will arrange for a charger to be installed free of charge (assuming you have a driveway or private parking space next to the house.
Let us know what you decide or whether you need any help with new car suggestions!
2024 - BMW i4 Grand Coupe eDrive 35 Sport
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Difficult one only you can decide… your current car is paid for and doing what you need of it so do you get rid of it now when you’ll get the most money for it or keep it until whenever you need/want to change? If you keep it then the PIP will cover the running costs & probably fuel too & maybe even still be able to put some away to save up for your next car.
If you’re happy with the Picanto then keep it and use the money for something else or search the cars available and pick one you fancy… luxury car, SUV, van, electric, convertible 🤷♂️
Also you don’t need to order a car right now, you can patiently wait and watch the Motability list until one appears you like the look of 🤞
On top of any Advane Payment that needs paying, you will also sacrifice the mobility component of £75.75 a week / £11,817 over 3 yrs at 2024/rates, which increase each year and go to Motability.
How much would a new Kia Picanto cost with yours taken in px, which would be yours to keep for as long as wanted, with some value in it when you come to sell it!
IF the kia does everything you need and does it well, I wouldn’t be changing unless your personal insurance is particularly high for some reason. Motability does offer good value but it isn’t even close to free. Even with a low AP the car is likely to cost you well over £12,000 over the three years. I know you say the money isn’t an issue but it’s a good chunk of change to consider.
If you think you’d benefit from something different, eg larger, auto/manual etc. consider changing but even then, I would be very tempted to wait and see what October brings as we have just seen a horrendous spate of advance payment increases this quarter and hopefully that will change next quarter unless you can find something particularly suitable and cheap.
If you go new, you may have to look for something in stock or with a short lead time. First time customers have to have a full 12 months left on an award to start a lease and I’m not sure if they would be OK with you starting a lease with less than the year remaining. The fact that the award will almost definitely be renewed after SPA may not matter to motability.
If you don’t NEED to change, I personally wouldn’t. If suitable for your needs, the current car is new enough to expect decent reliability.
"Man is born in freedom, but he soon becomes a slave, in cages of convention, from the cradle, to the grave."
We all know you don’t accrue significant savings by buying things just because you can.
Are there any physical reasons to change car? Would it be worth waiting until you’re closer to the warranty period expiring and then reconsider?
Do you have any idea which car or kind of car you’d get on the scheme? Could that be a reason to change? Better economy, different driving experience or a step towards better environmental impact?
Personally I started with the scheme because I could have the cash flow security of no sudden repair bills, no servicing costs and removing the rapidly increasing insurance pricing (mine was due to jump £50 per month, which is nearly doubling). Once deciding to join the scheme I could improve the car to something I couldn’t otherwise afford. Being physically suited to driving an EV, I could get a better range and a more comfortable car making significant lifestyle differences to our ability to go to events and attractions beyond what was a limited area.
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I'll try to give my honest opinion but am always open to learning.Mark
Whatever you decide I wouldn’t order a vehicle in this quarter as the AP are extortionate.
Not if they decide on a Renault Megan E Tec top model Iconic as now on £495 came on the scheme at £5000+ a couple of yrs ago
My advice in your shoes would be to just keep your low mile still warranted car for as long as it suits your needs
Keep it serviced and those picantos run for yrs
See how things pan out over the next 18 months and if later on you find you need a WAV vehicle then you can take the mobility scooter/wheelchair along with you, the AP on WAVS are high but keeping the Picanto will help to offset this
Hope this helps
Almost impossible to answer really, as it depends on so many factors (as others have said).
Your car is now 6 years old and is comparable to the sort of cars that can be sourced through Motability at a cost of around £12,000 sacrificed benefits plus whatever the advance payment is. Only you can determine whether that is good value for money for you. Motability provides ‘worry free motoring’, albeit at a cost. Servicing, tyres and insurance are all included. Road tax is also included but you can now get road tax exemption on a private car due to your wife’s entitlement. Your car will be out of warranty whereas a new one will be covered (whether you buy through Motability or privately). The same with breakdown cover.
Motability are trying to push everyone towards EVs and, as a result, the choice of conventional petrol or diesel cars is now pretty dire, especially if you want a decent sized car. If an EV is attractive to you, Motability is an excellent route to ownership, as you won’t be exposed to the depreciation issues that are currently affecting them. If you don’t want an EV options are getting more and more limited, but as you are happy with a Kia there is still a lot of choice from them and similar brands (Hyundai etc).
Having been with Motability for many years we were thinking of leaving, as the sort of cars that we would buy in the private market aren’t on the scheme. However, another area where Motability is excellent is adaptations and my wife now really needs a hoist to get in and out of the car, which has tipped us back towards Motability as I wouldn’t really want to fit one to a privately owned car. Lots for you to ponder over!
Whatever you decide I wouldn’t order a vehicle in this quarter as the AP are extortionate.
I have been told by a Dealer Principal who met with Motability this week that APs are likely to be going up even more than they have this quarter. Apparently they are concerned about the ongoing residual value issues with EVs and APs are starting to be adjusted to reflect this.
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