[Brydo]

My son has a car picked from the salary sacrifice scheme run by his work. It was due for delivery in July 2023. He was contacted today and told it will be delivered in April.

Hopefully this is a sign that delays are being reduced and that “normality” is returning ?

Topic

[Fastbike1000]

I wonder if it’s because of the slowing of the economy and customers are cancelling.

[Glos Guy]

I ordered a new car for one of my daughters at the end of September. We were told it could be as late as March 2023 delivery, yet the car is now in the U.K. and she is hopefully taking delivery next week. It’s also full of chip heavy technology (front radar, blind spot monitor, keyless entry, BOSE sound system etc) which is being used as an excuse for delays.

I always take anticipated delivery dates with a huge pinch of salt as they change continuously (moving forwards and backwards) and they are nothing but estimates until the car is built, but every time I have asked for an update the dates have consistently moved forward.

There has also been commentary elsewhere that used car prices are softening, but that’s not been our experience. Quite the opposite in fact based on the trade in we’ve got for her current car. Great time to buy in fact, with plenty of discounts available, ridiculously high part exchange prices and inflationary price rises not having been implemented yet.

[ajn]

The work salary sacrifice scheme Brydo, will they get to own the car or is it a lease type reduced type thing..

We were tempted years ago but I had my good old bullet proof Volvo so didn’t really take notice tbh…

 

[Brydo]

No ajn they hand it back.

It is similar to Motability’s scheme as everything is included. The big difference is he is capped, to make the deal cheaper, at 45,000 miles over the three years. If he goes over that the cost per mile is 18+ pence per mile, gulp.

On the flip side his choice was greater and he is getting a polestar 2.

[kezo]

It could be the markets slowing, manufacturing parts are coming through quicker, where in the world the car is made, a number of cancelations, over estimation of delivery times and/or how popular the car is etc. Its too early to say imo!

 

 

 

[ChrisK]

Could be a combination of people putting new car buying on hold and folk cancelling orders.

I know from the none Motability car forum I participate in that those who ordered over a year ago are sticking to their orders because they have become such great deals being there has been a few price rises since they ordered and the manufacture has a price guarantee.

At the time of there orders the manufactures were giving poor discounts but now there giving even less, that, and along with the increases in interest rates those orders have equality built in to them now something I can’t imagine ever happening before.

[ajn]

He’s a wise man Brydo, well done

[Jojoe]

Supply issues are finally getting better. China is ending the zero Covid policy which has been devastating supply. Apple are building their own chip manufacturing plant in Arizona to secure supply.

Enyaq EV

[Glos Guy]

ChrisK wrote:

At the time of there orders the manufactures were giving poor discounts but now there giving even less

There are still plenty of discounts available for private buyers ChrisK, some quite substantial. Just take a look at Drive the Deal for some examples. All brand new, factory ordered cars to your specification, through franchised main dealers.

[ChrisK]

Hi GlosGuy

Although I’ve seen a lot of punters mention their great deals and I’ve not heard them hardly mention the interest rate I think its the rates that are scaring folk off, just like the bank of England is hoping.

Being on Motability I don’t really follow the current trends for buying / leasing though I do look at the odd review from NotAGuru once and awhile and noticed some prices dropping of late but think that’s tied into those bank rates and less so the shortage of car parts.

Both the waiting times and price drops for leasing should be good news for Motability and hope its not just Motability that benefit from it.

[Glos Guy]

ChrisK wrote:

Hi GlosGuy Although I’ve seen a lot of punters mention their great deals and I’ve not heard them hardly mention the interest rate I think its the rates that are scaring folk off, just like the bank of England is hoping. Being on Motability I don’t really follow the current trends for buying / leasing though I do look at the odd review from NotAGuru once and awhile and noticed some prices dropping of late but think that’s tied into those bank rates and less so the shortage of car parts. Both the waiting times and price drops for leasing should be good news for Motability and hope its not just Motability that benefit from it.

Hi again ChrisK

I didn’t mention interest rates as I’m not paying any interest, being a cash buyer. On 3 or 4 occasions in the past I have secured even bigger discounts by taking out a PCP and then paying it off in full a month later. It’s a loophole that many people exploit. You get to keep the full discounts and pay no interest and, as you then own the car outright, you are not subject to any PCP conditions. I haven’t had to do that this time, but admittedly the discount was much less than I’ve secured before. The discount this time was 10% whereas the last 3 cars I bought new (all from different manufacturers) averaged 20% discounts. The emails that I get from Drive the Deal show that discounts of that nature are still around though, even from some premium manufacturers. Like you, I don’t look at other leasing prices as my two options would be a lease through Motability or an outright private purchase.

[Author]

Replies