Car finance

FreedomBringsPeace

Best bet is motability breakdown insurance no mot new car repairs covered tax covered and insurance and can be adapted as needed. Im sure what you would pay for a loan would offset the additional costs you are saving

fatbelly

Motability is still a great scheme.

You could have a new Kia Picanto for £58.50 of the HRM DLA £71

Or use the whole £71 and get an Electric Nissan Leaf with all the infrastructure supplied for you.

Not your problem that the battery pack will fade with old age because you'll have it on a 3-year lease, then hand it back

In the unlikely event of wanting to buy it at the end the guidance says 'you might be able to buy your vehicle, but we can only talk to you about this in the final three months of your lease.'

arnoldy

You could have a new Kia Picanto for £58.50

Brand new, fulling insured, including servicing tyres etc? Seems hard to believe, but if they can do it unsubsidised it would be nice if they could use their economy of scale to roll it out and offer brand new motoring to the whole country for £58pw/all in. 

Herzlos

arnoldy said:

You could have a new Kia Picanto for £58.50

Brand new, fulling insured, including servicing tyres etc? Seems hard to believe, but if they can do it unsubsidised it would be nice if they could use their economy of scale to roll it out and offer brand new motoring to the whole country for £58pw/all in. 

Motability is the biggest buyer of new cars in the UK I think, accounting for something like 10% of the market, so they have great economy of scale.

It looks like you can lease a Picanto privately for about £45/week - https://leasing.com/car-leasing/kia/picanto/hatchback/ though I don't know what that includes.

So £58.50/week all in doesn't sound too outlandish.

I'm not entitled to a Motability car, but the deals they do are so good it's annoying I couldn't just pay them independently.

Shirker_Bee

All funded by the only people who work - the taxpayer. 

Brie

Shirker_Bee said:

All funded by the only people who work - the taxpayer. 

Seriously?  Are you saying that carers aren't working?

Herzlos

Shirker_Bee said:

All funded by the only people who work - the taxpayer. 

Disability benefits you mean? Would you rather they just, what, starved to death?

You do realize that (a) disability benefits are negligible in the grand scheme of things*, (b) many disabled people also work and (c) Motability is self-funding. You use the mobility element of your benefits to pay to lease a car, that uses economies of scale to provide value.


*5% of Government spending, or about 1/3rd of pensions: https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/articles/howisthewelfarebudgetspent/2016-03-16