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When i get a test drive top thing to ask is range only 150 from a full charge from a Ioniq 5 at 12 c in the rain might be why they have rapid charging , If you can find one
 

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Discussion Starter · #202 ·
When i get a test drive top thing to ask is range only 150 from a full charge from a Ioniq 5 at 12 c in the rain might be why they have rapid charging , If you can find one
Am I the only one who has no clue what these two sentences mean?

Would anyone be kind enough to translate into English? 😀
 

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Think of it sort of like a mortgage.

Take the intial price and deduct the initial payment. The balance has to be financed and they apply their APR to calculate the interest. If you pay more per month then you are effectively paying off the capital faster, so the interest added in month 2 (etc) is less.
In addition to that, the amount of final payment attracts interest for the whole term. if you say you want the final payment higher, then you will pay more interest on that than if if were lower.
So, VERY crudely speaking:
Initial price - first payment = balance to fund
balance to fund - final payment = outstanding capital to be repaid over term plus interest
Outstanding capital * APR / number of payments= monthly capital payment (this is the bit that's like a mortgage calculation - at the outset you pay more interest and little capital repayment. As you progress that ratio changes)

Monthly payment = amount of capital to be repaid over term (averaged) / term PLUS interest charged over term on final payment PLUS interest on capital to be repaid over term (averaged).

The real killer on these deals is the APR. Even half a percent makes a huge difference and most companies have discretion to lower their rate if you haggle confidently.
4.9 is set by Kia it cannot be altered haggling will have no effect and the days of it being changeable by the dealer went since the FCA ruling on commission and finance in the motor trade anyhow....

Whilst you are broadly right about how it works, one way to alter it is with your mileage, so if you will buy the car at the end, you can tell them you want it on a higher mileage per year. This will drop the final payment (which will up the monthly payment) but will reduce the overall interest as more capital was paid off more quickly. You will also have less to find at the end.

So if you will do 12k per year the final payment might be 25k but if you say you will do 25k per year it might be 15k at the end. The other 10k will be spread across your payments, but with the reduced interest, the payments won’t be 10k higher if that makes sense?
 

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Discussion Starter · #205 ·
4.9 is set by Kia it cannot be altered haggling will have no effect and the days of it being changeable by the dealer went since the FCA ruling on commission and finance in the motor trade anyhow....

Whilst you are broadly right about how it works, one way to alter it is with your mileage, so if you will buy the car at the end, you can tell them you want it on a higher mileage per year. This will drop the final payment (which will up the monthly payment) but will reduce the overall interest as more capital was paid off more quickly. You will also have less to find at the end.

So if you will do 12k per year the final payment might be 25k but if you say you will do 25k per year it might be 15k at the end. The other 10k will be spread across your payments, but with the reduced interest, the payments won’t be 10k higher if that makes sense?
Thank you SoulGW, this is very helpful and enhances my understanding. I'll run through some scenarios with my dealer once they are ready to talk finance, and also try some modeling up front on this basis on the Kia web site.
 

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Am I the only one who has no clue what these two sentences mean?

Would anyone be kind enough to translate into English? 😀
Hi sorry if my post caused you confusion ,this video has caused a bit of a storm as Hyundai had an embargo on Ioniq 5 road tests apart from the guys in Korea, the car didn’t do well at 12 c in the rain which is an average winter/spring day in the UK .
As the EV6 is on the same running gear as the 5 you can expect the same kind of results and I don’t know about you if this is a problem its one I want to know about, the back window could not be seen out of because it does not have a wiper and the spoiler did not do its job.
This is info you should have before you had over your hard earned cash.
I think this is the best looking car on the market but both these problems make me want to think twice before I buy
 

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4.9 is set by Kia it cannot be altered haggling will have no effect and the days of it being changeable by the dealer went since the FCA ruling on commission and finance in the motor trade anyhow....

Whilst you are broadly right about how it works, one way to alter it is with your mileage, so if you will buy the car at the end, you can tell them you want it on a higher mileage per year. This will drop the final payment (which will up the monthly payment) but will reduce the overall interest as more capital was paid off more quickly. You will also have less to find at the end.

So if you will do 12k per year the final payment might be 25k but if you say you will do 25k per year it might be 15k at the end. The other 10k will be spread across your payments, but with the reduced interest, the payments won’t be 10k higher if that makes sense?
This is actually really interesting information.

I tried it in reverse on their finance calculator Finance Calculator: Request a Price Quote | Kia UK I would never keep a car so this is a good hack to save money.

I did 2 quotes, one for 12000 miles and one for 6000 miles.

18000 miles at 9p cost £1620.00 BUT the difference in monthly payments means a saving of £2328.48, so a net saving of £728.48.

So I'll definitely be under quoting in future and stick to the minimum.
 

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But remember, you don't have to purchase through Kia.

There may be better deals by leasing through one of the car leasing specialists in due course. Then again, there may not, depending on demand, but its worth bearing in mind.
 

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This is actually really interesting information.

I tried it in reverse on their finance calculator Finance Calculator: Request a Price Quote | Kia UK I would never keep a car so this is a good hack to save money.

I did 2 quotes, one for 12000 miles and one for 6000 miles.

18000 miles at 9p cost £1620.00 BUT the difference in monthly payments means a saving of £2328.48, so a net saving of £728.48.

So I'll definitely be under quoting in future and stick to the minimum.
There may be a maximum overrun you can do on agreed mileage before extra charges are brought in. On my ipace I think it’s 5,000 miles at 8p but after that extra charges.
it’s to stop the obvious gaming of the system!
 

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Discussion Starter · #210 ·
But remember, you don't have to purchase through Kia.

There may be better deals by leasing through one of the car leasing specialists in due course. Then again, there may not, depending on demand, but its worth bearing in mind.
Has anyone ever found that getting finance from a third party finance company cheaper than the manufacturers finance provider? I have always checked (for example with Oracle Finance) but have never found them to beat the manufacturer finance offer (both for new and used cars) but perhaps I'm using the wrong companies :)
 

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My nominated Dealer has also told me that it will be possible to ‘view’ on 19th July (subject to confirmation).
Had a very slick email this afternoon from Kia UK offering a choice of Dealership and three time slots on 19th July. I chose my original Dealer nomination and the first available one hour slot at 1600hrs. As expected this is to ‘view’ only.

I was also able to elect a Text message reminder nearer the date and there was a link with the option to automatically enter details on my digital Calendar. Not that I’m likely to forget!

Management at Hendy Kia Portsmouth have previously contacted me twice since the EV6 was announced and seem very proactive.

I am not on the Reservation list.
 

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Had a very slick email this afternoon from Kia UK offering a choice of Dealership and three time slots on 19th July. I chose my original Dealer nomination and the first available one hour slot at 1600hrs. As expected this is to ‘view’ only.

I was also able to elect a Text message reminder nearer the date and there was a link with the option to automatically enter details on my digital Calendar. Not that I’m likely to forget!

Management at Hendy Kia Portsmouth have previously contacted me twice since the EV6 was announced and seem very proactive.
I to got a phone call from my dealer today and also for a vue only the rub being i have to drive 40 miles as its not at the dealer ship i placed the order at and its at 8 pm think Kia is begining to take resavation holders for granted, for me its taking the shine off of buying the car.
 

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Surely your dealer should be getting a car to view.
there are 4 dealers in the North East, the car is at my dealers on Wed 18th with the others local dealers being the previous or next day. The car will visit the 4 dealers over 4 days.
Surely your dealer should be getting a car to view.
there are 4 dealers in the North East, the car is at my dealers on Wed 18th with the others local dealers being the previous or next day. The car will visit the 4 dealers over 4 days.
Would seem that the dealer i am using only has an EV6 at their main branch not at local branches not happy
 

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Well so far not that impressed with the EV6 launch.

I thought the idea of signing up early and reserving would entitle us to some sneak peak information, views and drives, but now it looks like anyone can book the "electric experience" and there seems to be no new information since May and still lots of TBC in the specs.

Maybe there wasn't enough interest in the UK!? When I went to book my "experience" there were quite a few dealers with dates in October so presume they had no orders. My dealer told me that there were 3 cars ordered from them out of 9 potentials, luckily I have a July date.

Will have to see if the cars are the same ones doing the rounds in other countries, probably be worn out by the time they get here. Is anyone going to try lying down in the back :p Wish they would at least have some pictures of a RHD version though, just to get a better feel of the layout.

Wonder when the test drive dates will be? Do you think that we are still on for delivery this year?

I know there is now some info coming out about the Ioniq 5, so that gives some sort of base line, but that is a bit of a mixed bag of good and bad. Was hoping that the e-gmp platform would have a lot better range/performance and the coolant leak is not giving much confidence either.
 

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My dealer has 6 orders and the demo day is in Nov he is fuming, and said kia are giving him a demo before that and i will get first drive :p but i have booked to see the car on July 12th at a different dealers anyway.
 

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Well so far not that impressed with the EV6 launch.

I thought the idea of signing up early and reserving would entitle us to some sneak peak information, views and drives, but now it looks like anyone can book the "electric experience" and there seems to be no new information since May and still lots of TBC in the specs.

Maybe there wasn't enough interest in the UK!? When I went to book my "experience" there were quite a few dealers with dates in October so presume they had no orders. My dealer told me that there were 3 cars ordered from them out of 9 potentials, luckily I have a July date.

Will have to see if the cars are the same ones doing the rounds in other countries, probably be worn out by the time they get here. Is anyone going to try lying down in the back :p Wish they would at least have some pictures of a RHD version though, just to get a better feel of the layout.

Wonder when the test drive dates will be? Do you think that we are still on for delivery this year?

I know there is now some info coming out about the Ioniq 5, so that gives some sort of base line, but that is a bit of a mixed bag of good and bad. Was hoping that the e-gmp platform would have a lot better range/performance and the coolant leak is not giving much confidence either.
Hi Mr Enforcer I think the saying you don’t run after a bus when you have caught it comes to mind.
Those that have placed a deposit have committed to buying ( to a point ) so are pushed to the back.
Its those that are still undecided are now the prise catch so they get the earlier bookings.
I was also told that the cars you will see may not be the same as the cars that go into production so beware.

Just wondering if its a mistake jumping in at launch of the EV6, the Ioniq 5 is not around yet but I am hearing of coolant leaks from the battery, the video I put up of a 5 on road test driven at a constant 70 mph in the rain and an outside temperature of 12 c ( not what I would call cold ) only got 150 miles from a fully charged battery so you might expect the same from the EV6.
The official range for rear wheel drive EV6 is 300 miles, the all wheel drive is 260 and these ranges are in perfect conditions. Comparer this with a Tesla model 3 long rang of 360 miles I am so tempted to cut my losses and go Tesla
 

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Yeah the range thing is a bit worrying.

Wonder if there is a anyway of returning the car if it doesn't perform as advertised. I realise that range is a made up figure by all manufacturers, but it is not normally half.

Kia advertise the eNiro as 282 and I believe 250 miles is easy to do in the real world without trying and 282+ is also possible without trying too hard.

Seeing that the EV6 is mean't to be there flagship on the new E-GMP platform, you would think they would be trying hard to get a much better range than an ICE conversion from 3 years ago.

Confidence is starting to wane a bit...
 

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The FUD brigade are out in force. But come on guys, get the spelling correct otherwise we might suspect you’re not really genuine.
Let’s see how the viewings go.
 
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