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Thanks, I’m already aware of this.
I’m asking if anyone else has had issues with Direct Line not really following what they claim to offer.
Seems odd to be that they’ll not pursue a third party for the cost of the courtesy car or get me something suitable and choose to do the cheapest option to keep the cost down for the party who has admitted fault.
£18 per day for this unsuitable hire car but I’m paying £10ish of that.
So they’ll only claim the remainder from the third party
One idea I pitched to Motability a while back was for them to set up a subsidiary entity similar to a credit union. Working loosely on same principle as the government help to save scheme you get a 50% bonus on what you saved over the course of 4 years. So £2000 saved in 4 years you get a £1000 bonus. Won’t work for everyone but those disadvantaged by some of the rules of grants it may help bridge some of the gap. For long term customers, could be used as a sign of credit worthiness to offer a level of credit on the AP
You have a very creative imagination, but things like this will never happen (for a multitude of reasons, some of which have already been mentioned) – nor should they. Who would pay for this magical bonus? The only answer would be the majority of scheme members who don’t qualify for it. So APs would go up even more than they have already. Call me old fashioned, but I prefer a system where we all take responsibility for what we can each afford and stick within our means.
Many years as a software engineer working on different government projects 😅….some of them felt like bailing water out of a sinking ship using a thimble 😅.
https://www.gov.uk/get-help-savings-low-income/what-youll-get
Help to Save worked fairly well.
The bonus could in theory be paid from the individual profit per vehicle rather than it going to one donation pot that some will never benefit from.
Tighten up the good condition bonus rules as often that is paid on cars that haven’t been looked after.
The other issue about phased payments is that it makes Motability a lender, governed by all sorts of complex financial legislation. I’d love to see second hand cars on the scheme, especially if it means models way above what is presently offered, but I can’t see that happening either. The simple reason being that Motability gets a block VAT exemption which means they are paying second hand prices anyway! Besides, VAT exemption only applies to brand new cars.
Due to the way Motability get the vat exemption (it’s actually a rebate rather than up front exemption…)
The car needs to be on fleet for 3 years so cars that are terminated early Motability need to pay that vat on.
So it would work in motab favour to release some of the Early terminated vehicles.
One idea I pitched to Motability a while back was for them to set up a subsidiary entity similar to a credit union.
Working loosely on same principle as the government help to save scheme you get a 50% bonus on what you saved over the course of 4 years.
So £2000 saved in 4 years you get a £1000 bonus.
Won’t work for everyone but those disadvantaged by some of the rules of grants it may help bridge some of the gap.
For long term customers, could be used as a sign of credit worthiness to offer a level of credit on the AP
VW are paying all legal costs plus solicitors fees so there won’t be any deductions. I am however confused as to why some are getting as low as £350 and others£2000.
Not from what details i’ve seen qouted
each member of the claim has had a percentage taken to go towards fees.
it would be interesting to see how the “commitee” who agreed the compenstation levels worked out their calculations.
Its too difficult to calculate what each person will get.
But; as far as legal cases go; i cant recall the sums linked to these ones but.
a typical “no win no fee” has a cap at 25% (set by the Ministry of Justice) it may be different for this case.
So, £193 Million was the settlement.
Straight away take away 25% for the solicitor firms cut. (£48.25m)
£193m – 48.25m = £144.75
Then there will be a success fee.
Going low, and say they take a 10% success fee; so in total 35% of it goes to the law firms.
£67.55m
125.45M / 91K claimants
~£1300 each.
BUT; it may be one person had several cars over the period and gets £3000
it could be someone leased a car and only gets £50
the indivual compensation will not be disclosed as its likely to have a Non-disclosure attached.
(note for admin; i tried posting last night; but had issues with phone -so finally decided to sign up for an account)
