Brand new car....£16.00 a month!!!!!

[Smiffy]

Had an enquiry on a Nissan Leaf EV yesterday.
The Government are giving a £5k incentive for buying an electric vehicle, and our garage, together with Nissan are offering to match this as a "deposit allowance"
Worked out some figures for the guy with his £5,250.00 car in part exchange.
On a 24 month 0% PCP it came out at.............


£16.68 a month!
Tempted to buy one myself

 

[virtuocity]

Amazing! I'd love a leccy car.

 

[Smiffy]

And it wasn't the bottom of the range one either.
Sat Nav, all mod cons.
I couldn't believe it myself!!

 

[Blue in Munich]

What's the catch Smiffy; how much after 24 months to keep it?

 

[JustOne]

It's not really £16/month unless you already have a £5,250 car to partX

On that basis my car was £0/month as I bought it outright for a whole £1k

 

[Smiffy]

It's not really £16/month unless you already have a £5,250 car to partX

No. It would be more if your car was only worth £3k. But I was just astounded as to how cheap it was.
MGFV is about £12k.
But I'd just hand the keys back and walk away at £16.00 a month (which is one of the "options"!)

 

[IanG]

No. It would be more if your car was only worth £3k. But I was just astounded as to how cheap it was.
MGFV is about £12k.
But I'd just hand the keys back and walk away at £16.00 a month (which is one of the "options"!)

But surely if you do that it is effectively £16 + £5250/24 = £234 a month which doesn't strike me as good deal.

By handing it back you give all the subsidy back to the garage - or am I missing something?

 

[Smiffy]

By handing it back you give all the subsidy back to the garage - or am I missing something?

I was being simplistic Ian.
I wouldn't hand it back because the car will be worth more than the guaranteed future value. Nissan set that as a final optional payment to make to keep the car if you want, but most people will trade in and use the "equity" as a deposit in another new one.
The third option you can take up is to hand back as I said, but nobody ever does that.
If you didn't want the big end figure there, you could up your payment to say £100 a month and have a smaller figure to settle at the end.
But as I say, I was just surprised when it came out at £16.00 a month.
It's not every day you get offered £10k off a brand new car though is it?

 

[GB72]

How far can you travel on a single charge these days. Looking to move house and the new place woukd be perfect to install a charger but the 70 mile round trip to work may stretch the charge a bit and I cannot recharge at the office

 

[Alex1975]

Thats crazy... bet you re checked the math a few times...

 

[Rooter]

How far can you travel on a single charge these days. Looking to move house and the new place woukd be perfect to install a charger but the 70 mile round trip to work may stretch the charge a bit and I cannot recharge at the office

get work to buy a charger station, bet there is some government incentive for them to promote green commuting...

 

[Smiffy]

How far can you travel on a single charge these days. Looking to move house and the new place woukd be perfect to install a charger but the 70 mile round trip to work may stretch the charge a bit and I cannot recharge at the office

Nissan will tell you it's 120 miles but in reality, it's about 90 or so if driven sensibly. If you drove it like Fernando Alonso, you'd be on your limit at 70 miles but as I say, driven sensibly you'll do it.
You will be astounded how these cars shift anyway. The motor is all torque and they take off like a scalded cat. Will certainly give a Golf GTi a run for it's money!

 

[Smiffy]

Thats crazy... bet you re checked the math a few times...

I did indeed.
I did give the guy a couple of other options, increasing the monthly payment a bit and offering him "cash back" on his part exchange to put towards the end figure but his wife was turned on by the £16 a month!

And don't forget.....no road tax or congestion charges to pay.
Plus no nasty emissions

 

[Alex1975]

Nissan will tell you it's 120 miles but in reality, it's about 90 or so if driven sensibly. If you drove it like Fernando Alonso, you'd be on your limit at 70 miles but as I say, driven sensibly you'll do it.
You will be astounded how these cars shift anyway. The motor is all torque and they take off like a scalded cat. Will certainly give a Golf GTi a run for it's money!

Will the battery degrade like an ipad so its 70-90 miles now but in a year its 50-70 and so on?

 

[Smiffy]

Will the battery degrade like an ipad so its 70-90 miles now but in a year its 50-70 and so on?

Shouldn't do. We haven't had any problems yet, and the first Leafs sold are now over 3 years old with plenty of miles on them.
There is a 5 year guarantee on the battery anyway

 

[Jimaroid]

That's an incredible deal. I've been looking at an electric car as my next vehicle purchase but knowing my luck, when the time comes, the subsidies won't be available any longer.

 

[Rooter]

While they are cheaper for the consumer for running, if you are buying one to be "green" think again. Have a think about A. Where the electricity comes from (coal, Nuclear etc) then how and where the batteries are made, shipped, recycled etc.

I am not knocking leccy cars, I want one! I want a tesla! but don't go and buy one to be an eco warrior.

 

[Alex1975]

While they are cheaper for the consumer for running, if you are buying one to be "green" think again. Have a think about A. Where the electricity comes from (coal, Nuclear etc) then how and where the batteries are made, shipped, recycled etc.

I am not knocking leccy cars, I want one! I want a tesla! but don't go and buy one to be an eco warrior.

No way????!!

 

[Lord Tyrion]

When looking at range, if you are on the edge, remember if winter then your lights, heater etc will drain further. If then in traffic you could be in trouble. You need to factor in a decent margin of error.

The constant plugging in each night would hack me off I must admit. When the range improves I would be happy to look but at the moment they are no use to me. Personally I hope the subsidy does end son. I think it is obscene that the taxpayer is subsidising £25k+ cars.

 

[Rooter]

No way????!!

Dude, you would be amazed with some people.