Unless you are in need of its services, the Motability Scheme is unlikely to be something you have heard about. But it is very well known to the car industry. In fact, the scheme is responsible for more than 10% of the two million or so annual new car sales in the UK.
Essentially Motability allows recipients of the higher rate mobility component of the Disability Living Allowance (£54.05 a week) or the War Pensioners’ Mobility Supplement (£60.40 a week) to use their benefit to lease one of the 2,000 cars available under the programme. There are currently 460 models which cost users no more the money than the allowance they get. In fact some 200 actually cost less than the allowance. For more expensive models, customers must make an additional upfront payment.
The lease allows customers to do up to 60,000 miles over the three year term of the agreement, with a charge of 5p per mile above this limit. Insurance is also thrown in.
The scheme also caters for those who need a specially adapted Wheelchair Accessible Vehicles.
Motability was launched in 1977.