ScotGov 0% EV Loan qualifies you for Affinity

[iainfm]

Hi,

Wasn't sure whether to start this as a new thread or tack it on the end of the Affinity one, but as it's only available for viewers in Scotland I thought a new one would be best.

I've just learnt that if you take up the Scottish Government's 0% EV loan, it qualifies you for the Affinity Programme, irrespective of whether or not you work in the Public Sector etc.

To quote the dealer: "We have teamed up with MG to offer anyone who goes through the EST the affinity scheme discount. This gives customers thousands off the list price regardless if they qualify for it or not."

This is a game-changer for me. I was originally going to go for a PCP scheme (probably) but with this I could own the car outright for the same overall spend.

Edit: May not apply to all dealers. It's Fraser's of Falkirk I'm taking to.

 

[tonymc]

Thats who I used, I ended up not going via the EST due to the long response times on any contact with them and I was buying through my business. There was never any talk of the price not being the same as the affinity deal

 

[biffo]

I just got my MG5 Long Range through Affinity with EST from Frasers - but Mackie Motors list it as criteria too. Haven't checked other Scottish dealers

"EV customers taking out an Energy Savings Trust Loan qualify for the Affinity Scheme"

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[Madhatter]

Do you guys up north get the 2.5K EV grant as well?

 

[biffo]

Yep - and an additional £250 grant towards an EV charger over and above the OZEV one.

 

[weedavemac]

The affinity scheme, the zero percent loan, and the extra grant for the home charger all helped me to decide to buy the car.

These incentives will not be here forever.

 

[biffo]

The affinity scheme, the zero percent loan, and the extra grant for the home charger all helped me to decide to buy the car.

These incentives will not be here forever.

I’m exactly the same. Now to decide if their 0% loan for solar panels if also worthwhile ?

 

[weedavemac]

I’m exactly the same. Now to decide if their 0% loan for solar panels if also worthwhile ?

Let us know what you decide to do the solar panels

 

[Madhatter]

Yep - and an additional £250 grant towards an EV charger over and above the OZEV one.

That package would help down here, would ease buying a EV.

 

[Jonhklee]

Bought MG5 in Jan this year, got the car with MG £4k off plus trade in deal, the full £3k gov, EST loan, plus OLEV charger + EST £300 plug in grant….. similar to what EST & Affinity would have cost now…
So all in all, pretty good deal….

 

[gazter]

Things like this can be counterproductive and inflationary. It works in this situation because the car sales in Scotland will be small as a whole and not worth having a price that’s different. But if you enable many more people to buy a new electric car by giving free credit you will find the manufacturers will bump up accordingly.

 

[biffo]

Things like this can be counterproductive and inflationary. It works in this situation because the car sales in Scotland will be small as a whole and not worth having a price that’s different. But if you enable many more people to buy a new electric car by giving free credit you will find the manufacturers will bump up accordingly.

The 0% loan is similar in principle to some of the PCP 0% deals - this is really no different and hopefully it will entice people, such as myself, who would not otherwise be eligible for MG Affinity deals to purchase a new or second hand (both eligible for the EST loan) EV. Manufacturers offer many different discounts, whether for a limited demographic such as NHS or other essential workers, or to corporate clients - and used to drive sales and brand recognition. EST loan just happens to currently be one of their criteria.

Along with the additional £250 EV Charger grant in Scotland (£300 if more remote area), I think this type of offer is a sensible approach to encourage uptake of EVs. Otherwise, they will be limited to those with more financial resources (or willing to spend the resources they have on a car) or force people to wait for the 2nd hand company car EVs to hit the car supermarkets.

Due to this funding, and the 0% loans available for home renewables, I have replaced a 10 year old Euro IV diesel with an EV and am now looking at Solar Panels and Battery (again, both eligible for 0% loan) for my home. I'm fortunate that I can afford the cost of these, but having a 0% loan over 10 years makes the monthly saving equivalent to the repayment amount. I wouldn't have considered without this incentive ?‍

Could this be inflationary? Maybe in a small way - but other factors are driving new and 2nd hand prices more - even if this was UK wide rather than a devolved policy. I view this as a responsible and proactive approach to moving people away from fossil fuels, both for motoring and home energy though.

 

[weedavemac]

The 0% loan is similar in principle to some of the PCP 0% deals - this is really no different and hopefully it will entice people, such as myself, who would not otherwise be eligible for MG Affinity deals to purchase a new or second hand (both eligible for the EST loan) EV. Manufacturers offer many different discounts, whether for a limited demographic such as NHS or other essential workers, or to corporate clients - and used to drive sales and brand recognition. EST loan just happens to currently be one of their criteria.

Along with the additional £250 EV Charger grant in Scotland (£300 if more remote area), I think this type of offer is a sensible approach to encourage uptake of EVs. Otherwise, they will be limited to those with more financial resources (or willing to spend the resources they have on a car) or force people to wait for the 2nd hand company car EVs to hit the car supermarkets.

Due to this funding, and the 0% loans available for home renewables, I have replaced a 10 year old Euro IV diesel with an EV and am now looking at Solar Panels and Battery (again, both eligible for 0% loan) for my home. I'm fortunate that I can afford the cost of these, but having a 0% loan over 10 years makes the monthly saving equivalent to the repayment amount. I wouldn't have considered without this incentive ?‍

Could this be inflationary? Maybe in a small way - but other factors are driving new and 2nd hand prices more - even if this was UK wide rather than a devolved policy. I view this as a responsible and proactive approach to moving people away from fossil fuels, both for motoring and home energy though.

What he said