Motability have announced that they are extending the £250 'New Vehicle Payment' for drivers with a disability and carers who are either new to the Motability Scheme or renewing at the end of their existing vehicle lease. The additional £250 payment will now stay in place until the end of 2023.
The Motability New Vehicle Payment Will Increase To £750 From February 2023
Motability hope that the extension of the £250 New Vehicle Payment will go some way towards helping customers financially as the scheme struggles to meet the twin challenge of affordability and vehicle availability. It has been estimated that supporting customers through the New Vehicle Payment will have cost the scheme in the region of £180m in 2022.
The extra money is in addition to the Good Condition Bonus / Payment (earned by customers who keep their vehicle in a good condition) and the insurance rebates that have been paid to customers three times since the start of the 2020.
Car and Wheelchair Accessible Vehicle (WAV) customers who are either renewing or new to the scheme are eligible for the new £250 one-time payment when placing an application for a new vehicle with their local Motability Specialist.
New To The Scheme Customers - Customers who are new to the Motability Scheme and who take delivery of their first Motability Scheme vehicle in 2022 or 2023, or place an order during 2022 or 2023, will be eligible for the payment.
Renewing Customers - Everyone who was already a Motability Scheme customer on 31 December 2021 is eligible for the payment. Existing Motability customers may not be ready to place a renewal application, so Motability say that the payment will continue for everyone who was a Motability Scheme customer on this date.
As long as you place your order before the end of 2023, you’ll be eligible for this payment, even if you don’t take delivery until 2024.
The £250 incentive is only available once per customer, and the payment will be processed automatically by Motability shortly after the new vehicle has been handed over to you by the Motability-accredited dealership.
Qualifying Motability customers who have already set up a Motability Scheme online account (and added their bank details) will receive their £250 payment directly into their bank account.
Customers who have not created an online account will be sent a cheque in the post. You can find out more about the New Vehicle Payment and the Motability online account on the Motability Scheme website.
According to the Motability Scheme website, the New Vehicle Payment was introduced because of 'rising energy and fuel prices and other everyday living costs'. The hope is that by giving customers this money back it will 'help them to make the most of their next car or Wheelchair Accessible Vehicle (WAV)'.
