glasgowcyclist
Charming but somewhat feckless
- Location
- Scotland
There’s one round the corner from me. It looks bigger than a Range Rover.
Which EV would you get?
- Thread starter icowden
- Start date
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There’s one round the corner from me. It looks bigger than a Range Rover.
fossyant
Ride It Like You Stole It!
- Location
- South Manchester
The R5 looks great !
dicko
Guru
- Location
- Derbyshire
Advice please as we haven’t bought a car since 2012. We rather like the Renault 5e and I am using CarWow to find any dealers offers. There is three options cash, PCP or Lease. I am a bit uncertain which to choose. Renault is also discounting the R5e at the moment. I watched a YouTube of the R5e factory yesterday it was very informative.
glasgowcyclist
Charming but somewhat feckless
- Location
- Scotland
I paid cash for my Niro because the interest payments on HP or PCP were higher than the interest I’d lose taking money out of an account. I didn’t consider leasing, as it wasn’t offered as an option.
For good deals, take a look at drivethedeal.com. I used them for my Skoda and got a 24% discount.
Beebo
Firm and Fruity
- Location
- Hexleybeef
Range isn’t really an issue over 350 miles and you are just carrying around a massive battery. How often does anyone drive further than that in one go?
Once all cars have a +300 range and there is a full network of 350kw chargers across the country, then the blockages will be gone as you will be fully charged in under 20 mins.
figbat
Slippery scientist
- Location
- South Oxfordshire, UK
There are a few 0% finance deals around which are sorely tempting. If I had the cash and the APR was more than my savings’ interest rate I’d take the PCP (assuming you can sustain the monthly payments).
I am nearly 2 years into a 3 year PCP and at the moment the contract release payment makes it ineffective to chop it in for a new car. Once I get to the voluntary termination amount I’ll look around again.
I am nearly 2 years into a 3 year PCP and at the moment the contract release payment makes it ineffective to chop it in for a new car. Once I get to the voluntary termination amount I’ll look around again.
dicko
Guru
- Location
- Derbyshire
drivethedeal.com doesn’t allow me to choose Renault, yet.
Unfortunately because it’s a really sought after brand new model the lease costs will be sky high unless you find a stock car.
I always used to pay cash, but now I lease through our Ltd company.
Here’s a simple guide.
https://www.carwow.co.uk/editorial/buying-a-car/ways-to-buy/different-ways-to-buy-a-car
If you plan to keep the car long term then with PCH or cash purchase would be the way to go.
If you are unsure then PCP which gives you the option to buy the car at the end of the term and PCP is often used by people that plan to change their car regularly I.e. every 3 or 4 years or want to push some of the cost of ownership to the end of the deal (balloon payment)
Leasing is, at its simplest, renting the car for a fixed period of time. (It covers the cost of depreciation and a small %fee that the lease company earn on the deal). Some lease companies may allow you to buy the car at the end of the term but not all.
Everybody is different so to weigh up what is best for you may be different to me or another.
The objective way to look at it from a financial perspective is to work out the total “lifetime” cost of the car under each option I.e. deposit plus x months x £per month (loan, car tax etc) plus any final payments.
You can then choose which best fits your situation and what your thoughts are about longer term ownership etc.
dicko
Guru
- Location
- Derbyshire
Thank you, I’m almost int my 80s now so the lease seems a good idea. My wife doesn’t drive anymore and as I have a restricted medical license I will get it renewed soon for another three years. Most helpful information thanks.
All depends on the terms they offer on each option lease, pcp. What miles do you want to restrict, is there a servicing requirement and how much deposit do you want to put down.
