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Drive Electric - NEW Kia Soul EV Pricing (18 model)

8.9K views 37 replies 16 participants last post by  Jack@DriveElectric  
#1 ·
Hello from the Drive Electric Team!

We are now offering the NEW bigger battery model of the Kia Soul EV, currently set for deliveries in September/October (subject to change). NEDC range is set at around 150 miles and we expect it will likely achieve 110 - 120 miles.

Here is our headline offer:

PCH
Kia Soul EV Hatchback 5dr (18 Model)
24 months
8000 mpa
6 months Initial Rental (ÂŁ1201.32 - Inc. VAT)


Monthly Rental: ÂŁ200.22 (inc. VAT)

If you would like any further info or would like individual leasing quotes on the Kia Soul EV on;
- any mileage (from 6,000 to 50,000 per annum),
- with or without full maintenance included
- on a different length of contract
- or with an alternative initial rental

Just email me at jack.reed@drive-electric.co.uk or feel free to me call on 01628 899727 or my mobile on 07795 818093.

Do let me know what you all think on the quote,

All the best!

Jack Reed
EV Specialist @ Drive Electric
 
#4 ·
I am very tall and quite wide too, so I can get in and out of a Zoe or a Leaf, and once I'm in, it's ok ish
but I'm OK with the Soul

once you get over the marmite looks and the brand snobbery, with all the options it comes with, at that price, it sounds like a good deal
just a shame Kia keep it such a secret

and ... "with or without full maintenance"? if it's a 2 year deal, can't the driver top up the washer fluid on it's 1st birthday, what else is there to do on a 2 year deal?
 
#6 ·
From 2018 Kia Soul EV gets a battery upgrade to bring the range over 100 miles

The company has yet to confirm the specifics of the new electric vehicle, but Kia-World obtained some documents showing that it will feature a new battery pack with 30 kWh of usable capacity versus 27 kWh for the previous version.

The overall capacity of the latest pack was 30 kWh, but the company was using a safety buffer, which is standard in the industry.

Kia-World compared the two battery packs:
  1. Current battery – Rated capacity 75 Ah (37.5 * 2) – Battery weight 277 kg – Rated voltage: 360 V – Number of cells: 192
  2. New battery – Nominal capacity 80 Ah (40 * 2) – Battery weight 290 kg – Rated voltage: 375 V – Number of cells: 200
It should allow for a roughly 10% increase in range from the current 93 EPA-rated miles. We expect something between 105 and 110 miles.
 
#10 ·
I can confirm that Jack is currently offering the cheapest deal I could find.

That being said, this was after I had already signed up to a dealer offer that was better value. Drive electric responded by reducing prices, so you really are getting the best price there because I already haggled the heck out of it (...for you! ;) ).

As Jack knows, I actually stuck with the dealer offer because for a few quid a month I decided it was easier to stick with a dealer who was close and whom I had already agreed terms.

Nonetheless I can't fault jack's responsiveness to my personal inquiries, but just to add for the benefit of all;-
a) Drive electric don't include an additional administration fee in their headline figures,
b) Kia are quoting October delivery to me for an order made at the beginning of July. So it is looking like a 14 week delivery time at the moment on fresh orders. I would guess this is not unrelated to the slow pace of Ioniq deliveries due to cell supplies. There might be pre-orders around, I guess, as 30kWh MY18s have been delivered in the UK, so there are some around.
 
#11 ·
Hi @Jack
What is the ppm for mileage in excess of contract?


Sent from my iPhone using Tapatalk
It will be 10.80 ppm, but as ever we would aim to get your mileage as accurate as we can.
 
#13 ·
We are currently looking at End of October to beginning of November, so that fits in very well.

Would you like to drop me an email on jack.reed@drive-electric.co.uk and we can have a further discussion?
 
#14 ·
Hello everyone,

We have been fortunate enough to renew this rate until the new year so please don't hesitate to get in touch with me if you are interested.

All the best!
 
#15 ·
@Jack@DriveElectric
Great news ! the more Souls the merrier ...

It might be provident to repost the offer & spec on the Electric Vehicle Classifieds as not everyone strays on the kia forum page so might not be aware .
Nissan dealers regularly post on there with lease deals etc .
 
#17 ·
Hello everyone,

We have been fortunate enough to renew this rate until the new year so please don't hesitate to get in touch with me if you are interested.

All the best!
Hi Jack, what would it be for 12000 miles, 24 and 36 months, and 9 months initial.
Thanks

Sent from my D5803 using Tapatalk
 
#19 ·
Hi there!

Given our discount terms the 24 month deal is actually coming out cheaper on this car.

So here are the prices I can do on those terms:

24 months, 12,000 miles 9 months upfront (ÂŁ1,758.96) - ÂŁ195.44
36 months, 12,000 miles, 9 months upfront (ÂŁ1,786.23) - ÂŁ198.47

Let me know your thoughts and if you are interested
 
#18 ·
#21 ·
I don't understand the logic there why would anyone want to pay for 33 months use but only get the car for 24?
Hi Keith,

So with those lease prices you can pay a high upfront payment to make the monthly payments more manageable, as the large first payment deducts from the overall lease cost i.e. 9 months upfront. But you are right that ultimately you will pay the same amount for the overall lease cost regardless of the initial payment. We commonly advise lower payments but sometimes the larger advanced rental suits people better.

:)
 
#22 ·
So would it work out the same overall cost of it was 3 months up front? I've haven't had a lease before but have had prices and thought it was cheaper to put down a bigger deposit. If there's no difference I would put down the smallest deposit possible.
Would the price be same same if it was a business lease? I might want to put it through my company but the bik rates for the next two years make it very close either way on buying outright, haven't run the numbers on leasing.

Sent from my D5803 using Tapatalk
 
#26 ·
It makes sense to put down the smallest deposit for most circumstances, however there are some situations where things like insurance are affected by larger monthlies, so in that case logic to put in bigger deposit.

For the lease via dealers (ALD leasing) there is a very small extra on top.
I don't understand the logic there why would anyone want to pay for 33 months use but only get the car for 24?
It's just the way the structure of payments works for leasing.

[ÂŁ200/pm x (9+23) months]/24,000 = 27p/mile
[ÂŁ200/pm x (9+35) months]/36,000 = 24p/mile

The longer you have one the cheaper the p/mile is. Mine is 4 years and works out at 20p/mile. It's just arithmetic after that.
 
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#28 ·
Hi



Hi Jack

What's the approximate lead time from point of ordering?
Hi there,

Realistically we are looking at January, there are a few stock cars available for Early December though.
 
#30 ·
What's the list price, for bik purposes?
I'll put it in the spreadsheet and see how it works out.

Sent from my D5803 using Tapatalk
It is ÂŁ30,439.99, then:
2017/18 - 9%,
2018/19 - 13%
2019/20 - 16%
 
#31 ·
I was playing devils advocate re my Q above ;)

I run my own family business as well
For me paying myself 45p per mile to use my privately owned car is far better than tying up business capital on a depreciating asset. and risking the ever increasing Bik escalator.
What I find amazing is you can claim 45p per mile even for an EV
HMRC are quite generous re those, reason being the high initial purchase price.

My spare profit goes into staff pensions first then an SPV for funding buy to lets etc rather than loose 20% via CT.
 
#32 ·
MAP 's are a payment to an employee for the use of their vehicle, not a fuel allowance.
Wear and tear , servicing , tyre wear, depreciation on the value of the vehicle due to business mileage.
Yes, potentially the fuel element cost could be 3p a mile as opposed to 11p for petrol.
In reality, if you are using on route chargers you'll likely to be paying far more .
Lost count of the times I pointed this out to colleagues, driving a EREV.
 
#33 ·
It does depend on your circumstances. I've been working out the numbers and for me it still doesn't work out through the company, I'm better off running the car personally and claiming for the miles. For writing off the early depreciation on a new car it probably is better to but the car through the company, but that depends on the cost of the car and personal circumstances.
As this looks like a good deal on a 2 year lease which is probably cheaper than buying the car outright and only keeping it for 2 years I'm not sure which is the cheapest way to go.
What I am wondering is if this deal would work out as cheap as my 3 year old leaf, and it is very close. The difference is my leaf is on 0% HP so I will own it after 3 years and I hope a 6 year old Leaf will have some value. Other than that over three years the cost is the same and there should be no risk of repairs with the Soul. This will be my next option if I can't get comfortable in the seat in my Leaf, but that's another story.
 
#34 ·
It does depend on your circumstances. I've been working out the numbers and for me it still doesn't work out through the company, I'm better off running the car personally and claiming for the miles. For writing off the early depreciation on a new car it probably is better to but the car through the company, but that depends on the cost of the car and personal circumstances.
As this looks like a good deal on a 2 year lease which is probably cheaper than buying the car outright and only keeping it for 2 years I'm not sure which is the cheapest way to go.
What I am wondering is if this deal would work out as cheap as my 3 year old leaf, and it is very close. The difference is my leaf is on 0% HP so I will own it after 3 years and I hope a 6 year old Leaf will have some value. Other than that over three years the cost is the same and there should be no risk of repairs with the Soul. This will be my next option if I can't get comfortable in the seat in my Leaf, but that's another story.
I ended up purchasing via Jack (hopefully for a Nov delivery!) , it was far cheaper than the other options which i ran through with a dealer. And PCH (dealer or jack) was so much cheaper than the alternatives such as outright purchase on finance or PCP that it was almost embarrassing to even bother considering them. They were around 2x the cost per month.

This is aside the fact that the current rate of advance of BEV capability means that buying new makes no financial sense because even if you mean to keep it for say 10 years, you are still better off with a 2-3 year deal now, and buying a better cheaper car then. By then, once 200+ mile real range is here, maybe that will be a different matter.
The depreciation on my current car was probably in the range of the cost of the PCH so it was practically free using that man maths :)

To be fair, my mileage is very low, so very high mileages might change things. And companies and the way car tax and VAT works might alter the numbers, cant comment on that side of it.