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hought I’d spend 20min over a cuppa looking at leasing deals, just for comparison sake. Mileage 8k on carwow
Carwow Skoda Kodiaq IV SE (PHEV)
£283.56 month / £3,697.72 Initial payment
Total for 3 year lease £13,622.32
Motability Kodiaq IV SE (PHEV)
£346.66 month / £5,399 AP
Total for 3 year lease £17880 (£4218 more expensive)
Add VAT From July to £5,399 (£6478.80)
Total for 3 year lease £18,958.80 (£5336 more expensive)
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I’ve been doing the same. On Select Car Leasing when you look under their special deals there are some bargains to be had compared to Motability especially when I put in 15k miles and factor in the 25p per mile I would be charged for excess mileage.
I’ve not really looked at leasing as I buy cars rather than lease them, but the ‘deals’ that they offer on buying new cars are pathetic compared to what you can actually achieve direct. Same with What Car etc no doubt due to the huge commissions that they take as a middle man. I wonder if it’s the same with leasing? Maybe there are even better deals to be had going direct to the leasing companies?
I’ve not really looked at leasing as I buy cars rather than lease them, but the ‘deals’ that they offer on buying new cars are pathetic compared to what you can actually achieve direct. Same with What Car etc no doubt due to the huge commissions that they take as a middle man. I wonder if it’s the same with leasing? Maybe there are even better deals to be had going direct to the leasing companies?
Itwas a matter of just looking, with the hope others can put lease deals up, rather than it being personal for myself.
Considering Motabiity go direct to the manufacturer and doesn’t pay VAT on vehicles, yet you can save over £4k by leasing private, where a middle man will be involved, just puts into light Motability’s huge profits and a CEO who is one if not the highest paid in the private sector.
Add VAT from July, in addition to the other changes taking place, the scheme will end up pricing itself out!
I’ve been doing the same. On Select Car Leasing when you look under their special deals there are some bargains to be had compared to Motability especially when I put in 15k miles and factor in the 25p per mile I would be charged for excess mileage.
I noticed a MG HS Trophy PHEV (10k mileage allowance) on select car leasing
£275 month/ £3,306 initial payment with E-ON Next charging credit included
Thats really window shopping, and not a real lease.
If someone has taken up a select leasing as advertised, and that is what you paid, would be a good start.
Until you sign on the dotted line and pay the company, its not really accurate.
ŠKODA and a few other manufacturers were offering interest free finance on their PCP and finance, only downside is they won’t do great deals on the car price if you take their interest free deal. If you’re buying with finance you may be better sourcing your own low interest loan and getting a discount from the manufacturer.
Enyaq EV
I just had a quick look on Drive the Deal. Current discount on the Kodak SE PHEV is £7.5k and the SE-L £7.8k. These figures include a £2,750 finance discount if you take out their PCP. If you take out the interest free deal then the discounts are reduced by around £3k, but that still leaves around £4.5k discount to be had even when taking out the interest free credit. The dealer seems to be chancing their arm claiming that there is no additional discount to be had if you take out the interest free loan, as that’s clearly not the case.
The BMW dealer that I’m buying my new car from doesn’t work with Drive the Deal, but I still used their prices as a basis for my negotiations and they matched the Drive the Deal price which, in my case, was over £16k discount, only £3k of which was a BMW U.K. discount. I’m not taking out any finance, so the discount wasn’t conditional upon anything. I think that CarWow and What Car discounts were around £6k less than I managed to achieve.
Very interesting and hopefully others will take note.
As a Motability customer we also ge6a host of benefits :
Insurance, new tyres, servicing, recovery, windscreen etc.
Clearly not all are used by everyone but having them included ( included also in the lease cost) is significant.
Any comparison must be like – for – like obviously.
Thanks for the research and results which are certainly food for thought.
Harry
Very interesting and hopefully others will take note. As a Motability customer we also ge6a host of benefits : Insurance, new tyres, servicing, recovery, windscreen etc. Clearly not all are used by everyone but having them included ( included also in the lease cost) is significant. Any comparison must be like – for – like obviously. Thanks for the research and results which are certainly food for thought. Harry
Unless there is something seriously wrong with your driving record, the £4k+ saved would be more than enough to cover the all inclusive benefits offered by Motability, with some money left over.
For (rounded) £20 EV £30 ICE/Hybrid per month you can get all the inclusive benefits except insurance, but if I was leasing, I would keep the money in my bank lol.
@Harrysback Also worth remembering that if you buy a new car there are deals to be had on servicing packages. As we were talking Skoda, I noticed that they do a 2 year servicing offer for £249. New car warranties (which are at least 3 years in duration) include breakdown cover, as well as anything that goes wrong on the car. I rarely get through more than 2 tyres in 3 years on a new car. We are 15k miles into a PHEV (heavy car) and the 4 original tyres still have plenty of tread. Insurance can indeed be a significant cost for some, but your driving record with Motability acts pretty much the same as No Claims Discount in giving a healthy discount. Insurance also covers windscreens (albeit with an excess).
Motability have always traded on “worry free motoring” but that has always come at a cost. Nowadays, that cost is substantial and becoming questionable, with the sole possible exception of EVs. Also, even leaving aside that it can be cheaper to go elsewhere, some of the changes that Motability are introducing not only remove the ‘worry free’ tag, but go the other way!
Intriguing detail.
Very grateful and open minded.
Recently ordered a vehicle, through Mb, the delivery of which might be delayed owing to events.
Does anyone know what the situation is for Motability customers with a vehicle order in the system should they want to lease independently of Mb?
Thanks
Hb
Intriguing detail. Very grateful and open minded. Recently ordered a vehicle, through Mb, the delivery of which might be delayed owing to events. Does anyone know what the situation is for Motability customers with a vehicle order in the system should they want to lease independently of Mb? Thanks Hb
yes you just cancel the order, then order your lease car and tell Motability you are leaving.
Thanks Glos Guy, Kezo And and Belfast.
I’m certainly in a position whereby I can choose.
As an almost obsessive budgeteer this has woken me to another potential saving.
Again, thanks all for your input.
Hb
With an EV, servicing is only every 2 years. At most you’ll get through one set of tyres. Insurance for most will be around £600 a year. So plenty of change left out of the 4k saving.
I too have started looking at leases I can get better deals outside the Mobility scheme and a wider choice, after 1st July when they start adding VAT unless Mobility can absorbs the costs and I cannot see how they are going to non competitive and vulnerable to the outside market.
I have now given up looking what is available on the scheme, unless something drastically changes I will extent my lease then leave the scheme.
They customer base is going to consist of WAV, young member who will struggle with insurance, those with very limited financial mean requiring grants or those with bad credit history. How are they going to fund the grants.
Unfortunately I have suffered a brain injury and occasionally I get confused and often say the wrong thing.
unless something drastically changes I will extent my lease then leave the scheme.
Perhaps I’m not understanding … but I thought Motability had withdrawn the option to extend the lease, here’s hoping I’m wrong;-) ….. please advise!
unless something drastically changes I will extent my lease then leave the scheme.
Perhaps I’m not understanding … but I thought Motability had withdrawn the option to extend the lease, here’s hoping I’m wrong;-) ….. please advise!
You are correct. Motability have removed the option to extend to the full five years ☹️
I’m waiting on my Enyaq to be built. Should be ready around late June.
So I have till 2029 on the current T+Cs, then I’ll see the lay of the land (so to speak). Then decide whether to continue with Motability or search private leasing.I have ASD and thus have difficulty with social and understanding information, written and verbal. I process information in logical blocks, before I reply. Sometimes I'm right and sometimes I'm wrong.
I also have a corneal visual condition, which makes me visually impaired without daytime, or daytime bulbs, among other disabilities/conditions.
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