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I am trying to work out how the Cheap Deals Thread has ended so far off topic that it is becoming the Cheap Bus Ticket thread. 🤣

 

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I want to say this positively, because I love this thread. I love seeing people get great deals and I am really motivated to help people as well:

Too many people comment that they dislike a car, or highlight their percieved negatives to justify the low price. I just want to say this thread is about cheap deals. If you don't like a Chinese car, Korean car or (insert here) car, then no worries, you don't have to buy one and people can make their own decision on looks/range/depreciation etc. Just move on and look for more deals to share, people will thank you for it .

 

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It's the only one that can tow more than 750kg tho which may benefit some people.

News.... I changed the order to the eForce 4WD as the price went down to be £900 cheaper than the 2WD over 2 years at 10K miles per year... oh I'm so fickle for a deal. Which is why I really support this thread.

 

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Know what you are saying, but you miss the point. ( see my post #2588)
Identifying the deal was only an endorsement of the “cheapness” of the deal….not the quality of the vehicle or indeed it’s competitors…one way or another

I agree with this @Cheshirecat is on the money. This thread is really about sharing great deals and helping get people into EV leasing, PCP and ownership at the lowest price possible. Let's leave the talk about how good the cars are for other threads as there is plenty on this site and the wider web. People will do their research.

In the past I have had frankly unbelievable deals and want to share as much as possible. I always chase the deal first.

 

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Treated as if it were a 2 year, 8k miles a year lease rather than PCP, this is just staggeringly good value for money, at £179 down and £179 a month no matter what you think of the Honda E:NY1.

£249 down and £249 a month for the top line Advance model that adds pano roof, electric tailgate, a subwoofer and a couple of extra cameras.

Must be delivered by March 31st
View attachment 188358 View attachment 188359

I have been off the site for a few days, but this could be deal of the year and we are only in February.

As said by a previous poster, if you treat this as a Lease and send it back after two years, it is an absolute steal. If you run this at the typical 10K miles p.a., the total amount payable is £4,836. Divide this by the list price of £45,645 (I know it is flawed, but I use the same barometer for every car), you are looking at 10.5%!!!!! Never seen anything like this. It will be good to know if anyone gets one.

Even if you factor this at the discounted price of £36,609 this is 13%. Frankly unbelievable.

This is exactly what this thread is for, kudos for finding it.

 

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It’s obvious really. The bottom’s fallen out of the used EV market ‘cos nobody wants them (can’t drive them in the rain, can’t get spare batteries from the supermarket, literally no chargers ANYWHERE in the UK etc, etc,) so he shouldn’t be allowed to make a profit because there’s no profit to be had because AutoCar magazine and the Daily Mail said so so it must be true and so he should have done the right thing and advertised at a price representing a hoooooge loss so he’s only himself to blame for the backlash.

I have posted a few times about used car data as there is a lot of misunderstanding on what is happening in the market. Demand for used EVs is actually growing, with record levels of demand on Autotrader (I know this is not the entire market, but it is the largest and directional for data).

The issue is that whilst demand is growing (more people buying EVs), supply into the market is outstripping demand by nearly 4 times for 'volume EVs'!

The table below explains it. You can see that the YOY (Year on Year) Retail Price of of used Volume EVs is -22.5%. Demand (the Red dot) is growing faster than any other sector, but also Supply (the White dot) is also growing faster and about 4 times quicker than demand growth.

I hope this is interesting, I love some data.

The question is, why is this happening and this does point to as you put it "can’t drive them in the rain, can’t get spare batteries from the supermarket, literally no chargers ANYWHERE in the UK etc, etc". But the bottom hasn't fallen out of the market as sales are up close to 50% year on year.

 

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I have said on here many times, see a good deal; ring them immediately and secure it. Don't wait for emails etc. Most fantastic deals are limited (could be a handful of cars at a specific price) and go quickly. The sales people may have literally hundreds of email in the morning with questions about mileage and variations on the lease. If you ring, they will sort you out first as you are easier and more likely to buy than the hundred's of emails.

 

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Killer deal alert: Not sure if this is legit, but never seen this low. If you are interested, I would grab it quick. Average cost per month for 10K miles per year is £237 for a Hyundai Ioniq 38kWh. Literally so low, hard to believe:

LeaseLoco - The UK's Biggest Car Lease Comparison Site

www.leaseloco.com

 

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Auto Trader UK - New and Used Cars For Sale

Find your next car with Auto Trader UK, the official #1 site to buy and sell new and used cars. Over 400,000 cars online. Simple, easy, quick!

www.autotrader.co.uk

First Zoe 50 I've seen from a trader for sub £9k. Lots of good deals everywhere at the minute but secondhand prices still seem to be going down. The existence of 2nd hand prices likes this just makes me think that something like £40k for an electric Astra is completely untenable.

I have mentioned on other posts that crystal gazing is becoming more difficult than ever, but there is lots of data around.

Conventional wisdom suggests that prices won't continue to free-fall as demand for used EVs is starting to outstrip new supply on a monthly basis. This has only happened for the last few months: Here is the data for January:

• Supply -2.3% YOY
• Demand +66.8% YOY
• Used EVs are selling quicker than any other car type on AutoTrader at 36 days (Petrol 40 days, Diesel 41 Days)
• Prices are stabilising: YOY change: -21.8%, but MOM (Month on Month) -1.6%

As for Renault Zoe's, they don't appear on the top 10 EV page views on AutoTrader, suggesting low demand.

NEW EVs are a completely different picture. Over the last year and in January, consumer (punter) EV sales are flat. NEW EV transactions are up +21% YOY in January, but this is entirely driven by fleet sales. This is partly down to low tax on company based purchases and also suggests that consumer confidence in EVs is low, but they/we are happy for fleets to take the risk - a classic de-risking strategy - the hospital pass.

 

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43kWh feels like going back in time to before the Zoe 50, though.

It is a 'Good Deals Thread' not 'What I think is a Good Car Thread'.
So, an appropriate response would be 'yes, good deal, but if you want a longer range, I have found this Good Deal here..."

Sorry to highlight this, but too often negative comments on the vehicle derail this excellent source of good deals.

 

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I wonder if it some convoluted way of getting round the import tariffs? Eg they set up a loss making leasing business somehow.

Over the years we have seen regular deals that look too good, they are fewer now, but they still pop up. In my experience is usually due to one of the following:

1. Targets not being met.
2. Need for penetration in a market, particularly for new cars or models. Leap and other new entrants literally want cars on the road so they can appear on the sales list and get people talking about them.
3. Too much stock.

Discounting lease cars means that they are not cutting the list price, which can make buyers nervous as they think they are buying a car which is rapidly depreciating and over-priced in the first place. All the brands do it, some of the best deals we have had were on a Mercedes, Peugeot and Kia. The Mercedes was virtually a give away.

My best advice which I always repeat. "If the deal is amazing, call quickly, don't email or use an online form". The caller will always get priority over stock.

 

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I have been leasing at least 1 car since 2016. My only reflection is that if price is the driver, then you can never tell if it was the right thing to do until the lease is over. None of us are able to forecast market conditions.

That said, I have had some absolutely incredible deals, which made decisions very easy.

 

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My bad…lots of missing posts 😜

But... great that they are starting to talk about Cheap Deals again

 

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Still the only BEV convertible I believe...

Unless you consider the Fiat 500e C. I would expect that it would be in the same segment for the target audience looking for a small design based convertible.

But, the cost difference (and real life range) is huge, you can pick up a brand new 500e C for about £29K and most people will easily get 160+ miles of range from it, whilst you will struggle to get more than 110 miles from the Mini e convertible.

The price of that mini is eye watering.

 

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Got this on an email. Need to be quick if you are interested as they have 20. They have a form to fill out, but I would just call if you are interested in the deal:

Contact Pure Vehicle Leasing on 0330 113 1000

Contact Pure Vehicle Leasing for all your Car Leasing . Business and Personal options available. 5 Star Trust Pilot Rating.

www.purevehicleleasing.co.uk

01603 859 022

 

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That's absolutely fascinating. Where do you get your numbers from - does Autotrader make some of that available somewhere?

Yes, AutoTrader make a lot of their profit from selling data to the industry (Data as a Platform), not from just advertising cars. Over the last few years, they have really got their act together and have all sorts of metrics to help the industry understand what is going on. I am a bit of a data geek, so I like to check in and post overviews from what I can see.

Gut feel is never a good idea, so if data is available, then we should use it. I saw a post from a luxury car dealer two days ago where she said she will never touch another EV as no one wants them, they depreciate and cost a fortune to replace batteries. None of this is true and if you look at the data, now is the time she should be selling some EVs as demand is up 66.8%! She is relying on old market information.

AutoTrader does prepare some free stuff every month:

Autotrader Insights | Autotrader

Browse resources tailored to your needs and all the ways that you can get the most out of Autotrader.

www.autotrader.co.uk

Also, they now have a dedicated EV Hub here: EV Hub — Auto Trader Insight

All of this is for the trade, but fascinating for enthusiasts.

 

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Interesting that the total cost is £9600 over 3 years, yet AT is full of 1-2 year old ones at £10 k behind list already…..surely you wouldnt buy one when you can contract hire one like this would you

Yes, this is exactly what the leasing equation should all be about (if you are buying on cost/value). If you feel that depreciation will be more than a 2 or 3 year lease at 10K miles per year, then it is the way to go. This is how I have approached leasing for over 6 years now.

 

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I’m not interested just thought others might be.

Thanks for posting. It is good to keep this thread going and it has gone rather silent whilst prices have risen.

 

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Compare Renault ZOE Lease Deals at LeaseLoco

Quickly search and compare thousands of Renault ZOE lease deals at LeaseLoco. We find and rank the best Renault ZOE leasing offers available.

www.leaseloco.com

any good??

In today's environment, this is a very good deal. If this is the type of car you want, then I would suggest ringing them and grabbing the deal asap as it probably won't hang around for long. You can see on Lease Loco that it has a 97% deal rating - we have not seen anything like this for a long, long time. The car is a decent spec.

There will be debates about the Renault, but if this is for you, grab it!

Hopefully it is a sign of cheaper deals to come from other manufacturers. The Zoe will be discontinued in 2023-24, but this seems a little early for an end of line sale.

 

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I noticed that all of the Skoda NYAQ iV 60 models are priced between £34,495 and £34,995. Seems that changing the 'grant' rules has brought down prices. It is unusual to see 5 trim levels in such a tight band.

If you are buying outright, this makes the cheapest 64 kWh Kia eNiro look very expensive. With grant prices: NYAQ iV 60 Loft = £32K, eNiro 3 = £37,100.

Latest lease prices of eNiro 3 are £183 more per month than the lowest in the last 6 months (2 years, 5k p.a.) ouch.