Buy or motability

rogerblack

tinmanscarecrow wrote: »

saved approx £ 1,500 per year,of course it depends on the mileage you do and the insurance costs but just going by personal experience we found it better this way and will purchase a new car when needed.

It's a great pity that it's not possible for eligable claimants of benefits to defer payment of some of their benefit, so that they do not count towards capital limits.

This would allow people to save for things, rather than spending the money to avoid hitting capital limits. And would mean that the government would have the money in the meantime.

So you could defer your payment of DLA, in order to save up for several years for a replacement car.
Making people do economically inefficient things that do not save the government money is insane.

NClark111

its a no brainer, I have had motability cars for 15 years, don't pay tax, insurance, servicing, new tyres etc - new cars depreciate the gains outweigh the losses

**Patty**

This is a recent experiment of mine.

Back in 2009, i was annoyed that i was handing over £200 odd a month & at the end of 3 years had nothing to show for it. So, i convinced my husband, it was time to buy a car. Coupled with , at that time, there was nothing on the Motability list i actually wanted to drive.

Purely on maths alone.....it hasn't worked for US.

We bought a 54 plate car....financed over 3 years. Still had almost £50 a month to play with for MOT/Repairs etc.

It was nowhere near enough:(

In the 2 years i've owned it, its had a cambelt change, services, 6 new tyres (yes, it seems it is heavy on tyres......all 4 for the first MOT then 2 more this year as the drumsticks had gone & caused the tyres to wear unevenly) as i said the drumsticks, bushes etc etc.

At the moment, i still have 1 years finance left & i shall be hotfooting it to Motability the minute the last installment is made.

Chorlie

NClark111 wrote: »

its a no brainer, I have had motability cars for 15 years, don't pay tax, insurance, servicing, new tyres etc - new cars depreciate the gains outweigh the losses

If you get a Car on Motability without an Advanced Payment (which as a list price of around £15,000 Ford/Vauxhall) and you don't have any NO Claims for Insurance use. Then giving up £8,000 (3yrs Mobility Allowance) for the car, with insurance, servicing, tyres, AA etc will be better, since the figures will workout something like:

£15,000 - Car
£2,400 - Insurance (3yrs £800 each)
£500 - Servicing (2 x £250 each)
£400 - 1 Set of Tyres
£150 - AA Breackdown

Total £18,450

(I may off missed a few things off, like Parts. But it's for a rough idea, I didn't include Road Tax since anyone getting HRM won't pay it).

Now if you sell said car after 3yrs for 33% of the list price, that's £5,000. Therefore total car if you bought said car would be £13,450 over the 3yrs, so paying just your £8,000 Mobility Allowance for the same car is as stated a 'NO BRAINER....' a saving of almost £5,500 with Motability.


However, if you selected a TOP END (Merc/BMW), with a High Advance Payment and you can claim the Car VAT Free it's slightly different story.

My current car was also on Motability with an £8,000 Advanced Payment, so on Motability over 3yrs it would cost me £16,000 so:

£29,000 - Car (£39,000 less VAT and 10% Motabiility Discount)
£1,200 - Insurance (3yrs £400 each)
£600 - Servicing (2 x £300)
£600 - 1 Set of Tyres
£150 - AA Breakdown

Total £31,550

Now if you sell the car after 3yrs for 45% (due to it being a Merc or BMW type of car & not a Ford or Vauxhall type as above) of the list price that's £17,550, so the overall cost of owning the car is £14,000. Therefore £2,000 better off than via Motability.

And as pointed out in this Thread several times, if the Rules change or you become not entitled to Mobility Allowance, if you have bought a car you always have that car, you can keep it longer than 3yrs.

So it's different for everyone, some can't afford to buy a car or can't get a car VAT Free etc so Motability is perfect and best value for them, but for other it won't be........So it's not such a 'NO BRAINER......'

sheeps68

Oh dear I keep changing my mind which way to go. Every time I think I've sorted it I think of another angle.

Now I know I can ask my current insurers to inform motability of my full no claims history and again the other way round. However is there a way of paying to protect my no claims history like I currently do just in case someone runs into me then drives off etc. I've also heard motability will consider the tiniest scratch an issue and that is a claim. Anyone able to give me some accurate info here and personal experience rather than heresay!

Just about got all the numbers togather so about to persuade a friend to do the maths for me. My garage are printing off all my bills of recent years for me to help with the maths. Yikes that is going to be very scary as I know the car has cost me a fortune in last 3 years but of course it may not be so bad when averaged out over 7 1/2 years.

victorias_dad

hi
hope this helps
speaking from my own personal experience, our first motability car was taken back early after losing hrm. I could not find any insurance companies that would take into account the 2.5 years of no claims that I had got whilst driving under the scheme and as I had not had my own insurance for a few years insurance companies will not consider no claims discount after a break of a couple of years (obviously some are better than others, however we could not find any). I lost 9 years no claims which was a shock. In regards to damage the car was inspected with a fine tooth comb when it went back jotting down any mark which there were few of, the car was driven directly to the nearest auction house and we never heard anymore. We were advised that any small marks and scratches were as a result of wear and tear and not a problem.
I have now won my appeal and am back on the scheme and no longer worry about insurance.

for the benefit of future posts this is posted by victorias mum not dad

rogerblack

victorias_dad wrote: »

hi
hope this helps
speaking from my own personal experience, our first motability car was taken back early after losing hrm. I could not find any insurance companies that would take into account the 2.5 years of no claims that I had got whilst driving under the scheme

I wonder if this is a breach of the disability discrimination act...

**Patty**

I believe it is in the Motability handbook that whilst driving a car under the scheme, you are unable to accrue any no claims that could be transferred should you leave.

That is standard for all the lease car contracts i've come across whether disabled or not......It's my interpretation of the DDA that you have to prove that there is a difference.

If i've got that wrong, i apologise x

devizes18193

our last 2 cars we brought useing the award for my son . first was a vectra which apart from tyres and the like was fine and then a Kia Seddona which to date has been expensive to say the least £250 on a gear selector cable for example and a cam belt . Having said that though my son gets violent in the car sometimes and has damaged the plastic on the back of the rear seats and kicked in one of the rear speakers .As the car is mine there is no inspection to worry about .Also if the condems change the rules we will have something at the end of the day .
I guess the other factor is the disability of the person my son is 16 with a mental age of 2 with autisim and delayed puberty ,so for us space was an issue .

kizzybuzy

how much will they stop out of dla. 4 a small..car..plz..dont no anything about the cost of getting a car from them plz xxx