Top 10 Electric Car Lease Deals! – (Is This Now The Cheapest Way)
What’s the best lease deal on the market right now? Well, I’ve created a top 10 based on the fact that right now is a good time as it’s the plate change. We’ve just gone into the 75 regge and just before September, just after September or March, that’s a good time to keep an eye on lease deals. So, I’ve created a top 10 to see which is the cheapest because this is what I get asked a lot. Which is the best way of buying a new car? And the answer is always the same. Whichever’s the cheapest. Now, I’ll be honest. I’m not a fan of personal leasing. I’ve said this before. I’m a car guy. I want to own my car. Damn it. But if you make it cheap enough, then I couldn’t care less. Especially with a daily driver. And that’s what I think most people who lease their cars are needing. With lease, you chase the deal, not the car. This is the best way of doing it because the deals come and go very fast. And it might not be a car that you’re really wanting, but ultimately it will suit and at that price, you can’t say no. I’ll explain more about that, what I mean after the top 10. Right now, let’s go on to see which is the cheapest, which, let’s face it, when it comes to a deal, when it comes to a daily driver especially, price is king. I’ll be honest, it’s that cold outside because summer ended two week ago that I’m going to do the rest inside the car. Right. Well, let’s plow through this nice and quick. Uh starting in no particular order. And all of the lease deals are either 24 or 36 months. So, two or three years. Usually, it’s two years cuz it’s cheaper. And they’re all 10,000 miles peranom because I hate it when you see an advert that says, “Oh, look how cheap this is and it’s 5,000 m peranom.” who does that um when buying a new car especially tiny percentage. I’m also going to give you the real monthly cost. By which I mean I’m going to take the monthly advertised price that you pay times that by let’s say 24. Then add the initial payment. So it’s like a deposit in some ways. The initial payment plus that plus any fees. Put it all into one big number. Then divide it by 24 or 36. And then that gives us the true monthly cost. Because let’s face it, you can have a Porsche Tyan at100 pounds a month if you were willing to put a big enough initial deposit down. So the advertised per monthly cost is a bit it can be misleading, should we say. All the data I get when I do a used car video, for example, is from Auto Trader because it’s the biggest. Uh and for this I’m using leasing.com because it’s the biggest leasing website in the country, I believe, and it covers the whole market whereas a lot of the other ones don’t. They kind of pick and choose theirs. So this for me should give me every deal out there pretty much. Right, let’s begin. Starting again in no particular order, we have the Ford Pummer. It’s a relatively short range EV, but initial payments £1833, £153 per month. Remember this is £10,000 m peranom for everything. So a realworld cost of £240 per month all in. This range won’t suit everybody. But again, really cheap price for what is a brand new car. The Renault 5 is next. A car that’s not really had a bad review. Relatively short range by modern standards. £2374 initial deposit, £198 a month or a real monthly cost of £271 per month. Again, this is for a brand new car with full warranty. No maintenance costs other than maybe one service on a two-year deal. You will probably never have to buy any tires at £10,000 m peranom over a two-year deal. So total cost for a brand new car or any car really for £271 a month again this is the sort of deals I’m talking about and why leing sometimes can be cheaper. This next car I believe is the first off price parity between electric and petrol variants which is uh a benchmark. We’ve got there eventually. So soon EVs hopefully will be cheaper. Right. This one is the Vauhall Frontier. £2,21 initial deposit 183 quid a month over two years again or a real world payment of £288 a month which again for a brand new car full running costs. Now this is what I would call a proper family car in terms of its internal size you know boot size and so forth. It’s the Volkswagen ID3294 initial deposit 191 per month uh or a realworld average of £295 a month for a brand new Volkswagen ID3. Now, this car is a more expensive car to buy. It’s a car I really, really, really do like and I think one day we’ll probably buy on the used market. Anyway, it’s the Genesis GV60. Essentially, underneath it’s the Hyundai, but good EV all round with a bit of luxury thrown in. So, this is going to be more expensive, but it’s all about value. £3,731 initial deposit and £311 a month. So, the real world monthly payments, essentially replicating it if you didn’t put an initial deposit down, £481 per month for a brand new Genesis GV60, which again is an expensive car in terms of list price. A stablemate next of the GV60 cuz it’s got the same underpinnings, the Hyundai Ionic 6. A car that’s often missed because people prefer the Ionic 5. It’s is favored because of the looks, I think, predominantly, but this is a really good car. £3,354 initial with £280 per month or real world price of £434 per month. Again, for what you’re getting, I would consider that a bit of a bargain. Drop it back down to a much cheaper car now, the Hyundai. sticking with them for a second. The Insta, a car that we’re getting within the next few weeks, so we’ll be able to tell you all about it. Subscribe, please do uh to see the review. £2,224 initial with £185 per month. Real world total of £292 a month for a brand new Hyundai Insta. This company is really, really aggressive on the pricing front at the moment, trying to get into the UK market. It’s Leap Motor with the C10. Relatively speaking, it’s got quite a large battery, £2,262 initial, £188 per month, or real world figure of £297 a month. So, just less than £300 a month for a C10. The next one is definitely not related to Volkswagen in any way. It is the Ford Cabri. This again has been aggressively priced by Ford for well since launch really on the lease market. 3180 for the initial deposit, £265 per month or again real total of just under £400 per month. 398 for a brand new Ford Capri, which I think at least does look a bit better on the inside, especially compared to its stable mate, the Volkswagen ID45. Going back to the Hyundai group now, cuz they don’t really do a bad EV if I’m honest. And this one again, uh, very wellreceived one. It’s the Kia EV6 with the 60 odd kilowatt hour battery. a £2,635 initial payment, £293 per month, or again, real world total of £415 per month for the Kia EV6. Now, you might think £415 quid a month is a lot, but remember there is no initial payment there, no deposit if you will. So, that’s the total running costs of that car by maybe one service. And finally, we have a car which is well, very expensive. In fact, I think it’s the most expensive on this list and one that again I can see myself owning at some point in the future because I’m tight on the used market only, of course. However, if this gets really, really cheap on the lease deal, I might be tempted. It’s the Polestar 4. So, this is the one with the rear window missing, if you will, which doesn’t affect anything really. It’s got a roughly 100 kilowatt hour battery, which is huge. Great range, £4,436 initial payment, £370 a month. So, a real world total, which is the most expensive on this list, but again, it’s the most expensive car, so it should be of £569 per month for a Polestar 4. Now, again, it’s not so much about how much you pay per month, is it? It’s the value. 560 quid a month is a lot of money for a car. But when you’re factoring in all things, admin fees, deposits, and everything, that’s not hugely concerning, I guess, for a car that starts at I believe was it 607,000 in terms of list price again. And this is my point. It’s all about value. Yes, paying what would be 67,000 a year for a lease. You might think that’s insane at 10,000 miles peranom, but a brand new car that you buy and then trading three years later, it’s going to lose a good portion of that in terms of depreciation alone. In fact, it will probably lose more than that depending on what we’re talking about. And I’ve looked at the Polestar 4 specifically, just as an example, and that is at the moment, I would say, the cheapest way trying to predict depreciation anyway, the cheapest way of getting a brand new Pstar 4. If you want to keep an eye on personal leasing yourself because you think interesting then what I would suggest then similar to auto trader really is go to leasing.com because it’s the biggest. It covers the whole market. Other ones don’t even though they say they do from my research anyway. Um and uh just scroll down and at the kind of middle bit you will see what it considers the best deals based on total price. So it kind of does the the job for you. and just scroll across basically and see it does anything kind of, you know, fit your bill. You’re going to then have to put your mileage in and so forth and see if the deal is actually as good as you want it to be. But that’s essentially a a good way of keeping an eye on blinking you’ll miss it sort of deals. Now, I mentioned earlier that you have to chase the deal rather than the car. So, let me give you an example. There was a neighbor, not so long since, who was choosing between for his daily driver, a Tesla Model 3, the new one, and a Polestar 2, kind of in the similar genre. And he tested them both in terms of drove them both, and he went, I just I really prefer the Model 3. They were about the same sort of price in terms of lease deals. So, he’s like, nah, I I just Yeah, it just felt better for whatever reason. Doesn’t matter. It’s his car. He preferred the Model 3. A week later after he kind of made his decision, the Polestar 2 dropped by about £130 a month, cheaper than the Model 3. He was wanting a Model 3, but he chased the deal. He went for the Pstar 2 because the value was so much higher, even though he preferred the three. And this is what we mean by chase the deal rather than the car. It’s one of those where a lease deal might come up and it might be gone within a day or two or a week. You don’t have long. So, you kind of have to be ready to to jump. And if you see something that ticks the boxes in terms of size and range and so forth, because obviously it has to do some things that you want, then you think, well, I don’t normally look at that car, but at that price, again, I don’t care. I’m going to go for it. So, this is why it differs for me to the traditional PCP or loan or cash purchase because you would probably pick the car and then find the best price for that car rather than with a lease. Whereas for me, it’s the other way round. You just see what’s a good deal and go, does that car suit me. Okay, we are done. Hopefully, that was helpful in some way. If you are looking at personal leasing, have you ever leased before? Do you always lease? Tell me what you do. I personally again have never actually leased a car because as I said earlier I’m a car guy. I want to own my cars and I usually buy on the used market now but if something comes up and I think that’s really cheap then I might get it. I mean, let’s face it, when people are paying at, you know, £100 a month for a couple of phones for their, you know, for for them family or whoever for them and their partner, 100 120 quid a month for an iPhone, a couple of iPhones and and the phone contract. Is 200 quid a month too much for a car or even 250 quid a month considering the difference between that and a phone? It’s all relative, isn’t it? There’ll be people out there spending 200 quid a month on streaming services alone if you tick enough of them anyway. So again, it’s tempting, but does it bother you the fact that it isn’t your car? We had a press car for three months over co because they couldn’t pick it up. And quite frankly, although I did before it went back because I, you know, we had the car and you want to look after it because it wasn’t mine. I didn’t really want to clean it. I didn’t really want to give it a good wash. you know, every nut and bolt, which is what I typically do with my cars, because it’s not mine, I’m like, what’s the point? It’s just going back. I’ll give it a good clean before it goes back and then that’s it. It becomes a tool rather than an emotional purchase. So, where are you in all this sort of genre in in in this sort of bracket? Are you a car guy? Do you care? Are you bothered? Is it just a tool to you? Is it just a way of getting to work? Another little tip to keep you a breast of all the important stuff in life, the Driving Own podcast, which has its own YouTube channel of course, Driving Wh. It’s just us waffling, me and Harry having a bit of a chinwag, usually going massively off topic compared to what we started with, but it’s a bit of fun. Uh, and it’s all in the usual podcasty places. If you want to become a member, 99 p a month. And I’ll I’ll just end the pitch, the sales pitch there, and say thank you for watching. Uh again, let me know what you think and I’ll see you soon.
Looking on the largest site (Leasing.com) I’ve been finding some belting electric car lease deals! So here’s a Top 10!
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