[Metcast]

I am assuming you are talking about leasing?

Here is my guesstimate (i.e. if I am wrong don't shoot me). With all of the other Kia/Hyundai EV launches, the initial lease cost is very high (over £500/month for the Kona and eNiro) as they have restricted capacity. When the Kona was launched, I could get a Jaguar I-Pace for the same price. So, if this happens again, I expect that the short term prices of Niro/Kona to hold firm for a while.

However, prices seem to fluctuate all of the time, so if anyone is after a Kona or e-Niro, decide on what you are willing to pay and hit the button if it gets to that level. I think I will be up for an Ioniq 5, but probably in 2 years.

Finally, I didn't realise that the Ioniq 5 price was going to be starting so low. It looks good value. If we get more Ultra-fast chargers, there is a strong argument for going for the smaller battery. Why hulk a big battery around with the added cost when you can add 62 miles in 5 mins?

Yep I completely agree with you on all points especially the smaller battery arguments.

What about Skoda ENYAQ starting at £32k? Any idea when we’ll see decent lease prices for those?

 

[Gailjon]

Yep I completely agree with you on all points especially the smaller battery arguments.

What about Skoda ENYAQ starting at £32k? Any idea when we’ll see decent lease prices for those?

Problem with the Enyaq is the stripped out nature of the specs which you then have to fill with options. 50 kwh charging standard but over 400 pounds for 100 kwh? Don't think so. Rear curtain airbags optional? Don't think so, etc, etc.

This then penalises PCH as you pay for the options over the term of the lease rather than PCP where the overall list price of the car with options is somewhat taken into consideration with the residual payment.

 

[cheryl ward]

Why would any sae person spec options on a lease car?
You'll be paying extra for the leasing company to get more for it when they come to sell it.

 

[Metcast]

I’ve specced it out and it comes to £37k which is cheaper than an e-Niro 3. Are you saying you’d go for the 3 instead?

 

[i3S]

Problem with the Enyaq is the stripped out nature of the specs which you then have to fill with options. 50 kwh charging standard but over 400 pounds for 100 kwh? Don't think so. Rear curtain airbags optional? Don't think so, etc, etc.

This then penalises PCH as you pay for the options over the term of the lease rather than PCP where the overall list price of the car with options is somewhat taken into consideration with the residual payment.

The base price of the Enyaq with the “basic” level of kit, given it’s interior and battery size still makes it exponentially better value than even some of its smaller, shorter range EV equivalents.

In all others cases you have to pay for whichever extras the manufacturer tells you you must.

Being able to pick only what we need, especially when leasing, is far more attractive in my opinion.

We’re looking at the EcoSuite and as my wife’s 5’3, the only thing we need is the pack with the electric tailgate. And we might go for metallic paint. But to be honest, as we never waste time and money washing the outside of lease cars and live in the sticks even that’s a waste.

It’s not always true that the whole cost of options is depreciated over the lease term. It depends on the option and how much value the funder attributes to them.
E.g the metallic paint on the last car we ordered was about 25p more a month.

The first i3 we had in 2016 was cheaper with metallic paint than without. The pack with the LED headlamps and upgraded hifi was about £10 more a month over 2 years for I think a £1,500 option. But the bigger navigation screen we paid the whole cost for over the term.

 

[Metcast]

The base price of the Enyaq with the “basic” level of kit, given it’s interior and battery size still makes it exponentially better value than even some of its smaller, shorter range EV equivalents.

In all others cases you have to pay for whichever extras the manufacturer tells you you must.

Being able to pick only what we need, especially when leasing, is far more attractive in my opinion.

We’re looking at the EcoSuite and as my wife’s 5’3, the only thing we need is the pack with the electric tailgate. And we might go for metallic paint. But to be honest, as we never waste time and money washing the outside of lease cars and live in the sticks even that’s a waste.

It’s not always true that the whole cost of options is depreciated over the lease term. It depends on the option and how much value the funder attributes to them.
E.g the metallic paint on the last car we ordered was about 25p more a month.

The first i3 we had in 2016 was cheaper with metallic paint than without. The pack with the LED headlamps and upgraded hifi was about £10 more a month over 2 years for I think a £1,500 option. But the bigger navigation screen we paid the whole cost for over the term.

Exactly. Giving the e-Niro as an example the only spec that qualifies for the plug-in grant doesn’t even have an app. If I just want the app I’ll need to pay £5k more for the £37k trim.

 

[Bullterrier]

If the spec affects lease sale then expect cars with certain extras to be produced for the leasing companies.

VAG isn’t daft. Managing the taxpayer subsidy is rife and shows where it went/goes.

 

[Rei]

Well spotted. It is a pretty good deal coming in at 23.5% of P11D. Probably as close to this level for 10K p.a. for any Kona EV.

I make this one 22%

Hyundai Kona Electric Lease Deals - Select Car Leasing

View our latest Hyundai Kona Electric leasing deals available on free delivery to your door. Price match promise. 5 stars rated on Trustpilot. Enquire today!

www.selectcarleasing.co.uk

24 months 8k miles, £7,789.50 total.

 

[Panda]

I make this one 22%

Hyundai Kona Electric Lease Deals - Select Car Leasing

View our latest Hyundai Kona Electric leasing deals available on free delivery to your door. Price match promise. 5 stars rated on Trustpilot. Enquire today!

www.selectcarleasing.co.uk

24 months 8k miles, £7,789.50 total.

Sorry, for the benchmark, you need to run it at 10K miles p.a. total cost/P11d. There is no real rules with the benchmark, but always keep it the same. Too many of the lease companies quote lower miles to give the feeling of a great deal, so bump it up to 10k miles p.a. for consistency.

The only other thing to add is that sometimes it can be cheaper to get the car for 5k miles p.a. and pay the excess mileage, so I usually check this as well and calculate this at 10K miles. To be honest, I have all sorts of spreadsheets so I can hit the button quickly on a really great deal before they disappear. If the number of cars are limited or have a threshold, the brokers only focus on the 'hot leads', they get 100s of emails from people asking all sorts of questions, so I ring them as well.

I am not in the market for an EV at the moment, but I really like this thread to help people who are focused on a good deal.

 

[Panda]

The base price of the Enyaq with the “basic” level of kit, given it’s interior and battery size still makes it exponentially better value than even some of its smaller, shorter range EV equivalents.

In all others cases you have to pay for whichever extras the manufacturer tells you you must.

Being able to pick only what we need, especially when leasing, is far more attractive in my opinion.

We’re looking at the EcoSuite and as my wife’s 5’3, the only thing we need is the pack with the electric tailgate. And we might go for metallic paint. But to be honest, as we never waste time and money washing the outside of lease cars and live in the sticks even that’s a waste.

It’s not always true that the whole cost of options is depreciated over the lease term. It depends on the option and how much value the funder attributes to them.
E.g the metallic paint on the last car we ordered was about 25p more a month.

The first i3 we had in 2016 was cheaper with metallic paint than without. The pack with the LED headlamps and upgraded hifi was about £10 more a month over 2 years for I think a £1,500 option. But the bigger navigation screen we paid the whole cost for over the term.

Thanks for this, I know that paint costs can vary immensely (sometimes free or even less expensive), but in my experience of personally leasing and loads of company cars is that the cost of extra's has been added directly to the monthly costs. So, your experience is unusual, but worth noting if people are looking for extras.

 

[Jimrod]

I am not in the market for an EV at the moment, but I really like this thread to help people who are focused on a good deal.

I'm in much the same boat - BMW i3 lease up in November and keep an eye on the deals to see what to replace it with @10k/24 months. Was really hoping to get something good on the Ioniq 5 or EV6 but sadly the timing and grant changes look to have rendered that highly unlikely! Current deal around £280 a month with £2.5k up front and was prepared to go a bit higher but not double it as looks to be the case! Sadly I can see me ending up with an ID3 which has quite a few unappealing aspects but probably the best reasonable option, that or an e-Niro which the wife has just got, not really my taste in styling but otherwise very solid option.

 

[i3S]

I'm in much the same boat - BMW i3 lease up in November and keep an eye on the deals to see what to replace it with @10k/24 months. Was really hoping to get something good on the Ioniq 5 or EV6 but sadly the timing and grant changes look to have rendered that highly unlikely! Current deal around £280 a month with £2.5k up front and was prepared to go a bit higher but not double it as looks to be the case! Sadly I can see me ending up with an ID3 which has quite a few unappealing aspects but probably the best reasonable option, that or an e-Niro which the wife has just got, not really my taste in styling but otherwise very solid option.

e-Niro’s too much now for what it is if you want one with a 64kWh battery and an App. My wife’s still broken 4 was £2,200 down and £306 a month back in November. Same car is now about £400.

The Kona deal somewhere above in this thread looks pretty good by comparison. Cabin space not as great as that in the i3. Boot only marginally bigger.
64kWh battery worth having though. Complete life changer having upwards of 300 miles on demand.

 

[Bullterrier]

e-Niro’s too much now for what it is if you want one with a 64kWh battery and an App. My wife’s still broken 4 was £2,200 down and £306 a month back in November. Same car is now about £400.

The Kona deal somewhere above in this thread looks pretty good by comparison. Cabin space not as great as that in the i3. Boot only marginally bigger.
64kWh battery worth having though. Complete life changer having upwards of 300 miles on demand.

You now need to decide if you want to pay a lot for the frills, basically.

 

[Jimrod]

e-Niro’s too much now for what it is if you want one with a 64kWh battery and an App. My wife’s still broken 4 was £2,200 down and £306 a month back in November. Same car is now about £400.

The Kona deal somewhere above in this thread looks pretty good by comparison. Cabin space not as great as that in the i3. Boot only marginally bigger.
64kWh battery worth having though. Complete life changer having upwards of 300 miles on demand.

Yeah, the wife's e-Niro (no issues so far! 🤞) deal came just before the changes so is similar at £2500/£290. I posted the Kona deal as it did look good, think it's slipped back a little now but still decent, again not a massive fan of the looks/interior which is all a bit "last-generation" - as you say the range is a huge factor, I find the i3 limiting (can't make London/Leamington and back to Swindon without a charge and they're fairly frequent trips for me) so would ideally want 50% more or so real world range.

*Edit - also there may be better deals on the e-Niro nearer the time I look to buy, grant changes aside my previous lease was a £39k Volvo S90 diesel and I got that for £245 +£2.4k a @10k miles so it's possible.

 

[Rei]

I don't think the pandemic deals will be coming back

People are buying cars again and when they lift the advice to work from home in a month or two things will get even worse.

 

[i3S]

There have always been deals based on supply and demand. Given there was a lack of supply in some cases as well as lack of demand in others during the past 15 months, I’m not convinced COVID led to a huge uptick in amazing lease deals. I didn’t notice that many more anyway.

The introduction of more new EVs already this year and more choice in the months ahead could help stir up a bit of competition. We’ve a broken e-Niro 4 We’re holding off of rejecting for the time being. Maybe a touch optimistic of us. We’ll see.

 

[ev_pete]

Hi all, I'm looking for a good lease deal on an MG ZS EV Exclusive - let me know if you spot one!

Best I can find at the moment is 3+35, 12k miles per year, £839.25 initial plus 35 x £279.75. No fees. Total £10,630.50.
If I normalise this for the @Panda benchmark (2 years, 10kpa), it's £8383, which is about 27% of P111d. So, on that measure I guess not a great deal.
(Have test driven Ioniq and Kona, and not keen. The MG fits my needs).

 

[Panda]

Hi all, I'm looking for a good lease deal on an MG ZS EV Exclusive - let me know if you spot one!

Best I can find at the moment is 3+35, 12k miles per year, £839.25 initial plus 35 x £279.75. No fees. Total £10,630.50.
If I normalise this for the @Panda benchmark (2 years, 10kpa), it's £8383, which is about 27% of P111d. So, on that measure I guess not a great deal.
(Have test driven Ioniq and Kona, and not keen. The MG fits my needs).

These look like the best lease prices around for the MG at the moment. The Ioniq would be the best deal, longer range, but obviously a very different seating position.

I don't think that the MG has been much lower than this, but others may be aware of a deal.

 

[Panda]

I'm in much the same boat - BMW i3 lease up in November and keep an eye on the deals to see what to replace it with @10k/24 months. Was really hoping to get something good on the Ioniq 5 or EV6 but sadly the timing and grant changes look to have rendered that highly unlikely! Current deal around £280 a month with £2.5k up front and was prepared to go a bit higher but not double it as looks to be the case! Sadly I can see me ending up with an ID3 which has quite a few unappealing aspects but probably the best reasonable option, that or an e-Niro which the wife has just got, not really my taste in styling but otherwise very solid option.

Could you get a quote to extend the lease for 6 months when you get closer to give you some breathing space?

 

[EVJourney]

Hi all, I'm looking for a good lease deal on an MG ZS EV Exclusive - let me know if you spot one!

The MG just isn't a good deal on PCH, it is a much better deal to buy outright, or nearly new. You can pick up a 2020 (69 plated) Exclusive for ~£18k on AT, spending nearly over £10.5k over 3 years makes it a bad financial decision (even factoring APR % on the full car), as you can be pretty much sure you'll lose less on buying, and have no mileage restrictions/calculations.