RE: Dacia Spring confirmed as £15k EV in UK

[PositronicRay]

Since the popularity and switch to EV the dichotomy has always been, you need to be a high mileage user to justify the initial outlay.

It's now changing (as it should).

[Deep Thought]

Hugo Stiglitz said:

Deep Thought said:

Silvanus said:

Deep Thought said:

No doubt covered already but i cant help but think a 3 year old electric KIA Niro with 4 years warranty remaining would be a better buy?

Or - for that matter - quite a few electric used cars with warranty remaining

definitely, unless you want something small and new and not second hand and much bigger.

New wears off very quickly though and then you're left with a car built down to a £15K price tag in the first place.

But yes, there is an appeal there.

I'd rather have a petrol VW UP!

Yeah me too, probably.

Though i was trying to at least compare drive trains, given how a Niro EV would be equally cheap to run as this.

[Deep Thought]

James_N said:

ACCYSTAN said:

2. What will the PCP rate be? This could be the better option as you can hand it back after 3 years and it will provide an understanding of retention values,

A lot of people on here and HotUKdeals are going on about the RRP and what else you can get for the money, but for me, this is how most (me included) will buy one if the PCP is cheap enough.

I can't see many wanting to buy an electric car with their own money as they are then stuck with the battery deg issue but a three year PCP where you can just hand it back (probably just as the battery is starting to weaken a little), makes perfect sense if the monthly PCP is cheap enough!

I'd a look at the PCP rates across the DACIA range. It seems theres 4.9% over 2 years or 7.9% over four.

The two year offering, whilst at a better rate would amount to a compelling monthly payment. The 7.9% creates a fair bit of interest charges.

Assuming an optional final payment of around 50% of the price (seems to be what they're setting the residual for on Dusters) and assuming the £15995 variant at 6K miles PA, you'd be looking at £1000 in and £230 ish a month for four years.

Drop that to 3 years and it goes to £256.

Again, all back of a fag packet calculations based on other cars in their range at the same price.

[James_N]

Deep Thought said:

I'd a look at the PCP rates across the DACIA range. It seems theres 4.9% over 2 years or 7.9% over four.

The two year offering, whilst at a better rate would amount to a compelling monthly payment. The 7.9% creates a fair bit of interest charges.

Assuming an optional final payment of around 50% of the price (seems to be what they're setting the residual for on Dusters) and assuming the £15995 variant at 6K miles PA, you'd be looking at £1000 in and £230 ish a month for four years.

Drop that to 3 years and it goes to £256.

Again, all back of a fag packet calculations based on other cars in their range at the same price.

Ouch. If that's the case, I'll be having my deposit back. Especially when the Honda (EY1?) Was £179 down and £179 a month and that's on a car at a £50k(?)ish price point. I was hoping the Dacia would be around £150. Otherwise its cheaper to run my ICE shed

[ACCYSTAN]

6 months before they need to publish a PCP APR , if inflation is declining it may be nearer 4%

[Deep Thought]

James_N said:

Deep Thought said:

I'd a look at the PCP rates across the DACIA range. It seems theres 4.9% over 2 years or 7.9% over four.

The two year offering, whilst at a better rate would amount to a compelling monthly payment. The 7.9% creates a fair bit of interest charges.

Assuming an optional final payment of around 50% of the price (seems to be what they're setting the residual for on Dusters) and assuming the £15995 variant at 6K miles PA, you'd be looking at £1000 in and £230 ish a month for four years.

Drop that to 3 years and it goes to £256.

Again, all back of a fag packet calculations based on other cars in their range at the same price.

Ouch. If that's the case, I'll be having my deposit back. Especially when the Honda (EY1?) Was £179 down and £179 a month and that's on a car at a £50k(?)ish price point. I was hoping the Dacia would be around £150. Otherwise its cheaper to run my ICE shed

The Honda deal was a lease deal though, dont by a third party?

The "official" Honda PCP deals arent great IIRC.

We'll see what happens, i could be a mile out.

[Deep Thought]

ACCYSTAN said:

6 months before they need to publish a PCP APR , if inflation is declining it may be nearer 4%

Inflation rate and interest rates arent the same thing though, and theres no evidence interest rates are going to drop notably any time soon.

Dacia do have a 4.9% APR offering currently - presumably they're bolstering it a bit behind the scenes.

But it does require a large deposit and its only over 2 years.

If they extended that 4.9% offer to 4 years it would help the figures.

And it would be great news if they did.

BUT - i'm not sure what incentive they'll have to do that - i suspect they'll sell these no problem without a heavily incentivised deal.

[ACCYSTAN]

Dacia sales are not as good as previous years, high interest rate is making their cars look expensive on PCPs

[James_N]

kicking myself thinking i should have been quicker and gone for the ENY1 deal!

[CivicDuties]

James_N said:

kicking myself thinking i should have been quicker and gone for the ENY1 deal!

I know, I've been wishing I'd known about it when available, but then I'd have probably sat here like a rabbit in headlights thinking "What's the catch, it's too good to be true!"

[The Rotrex Kid]

ACCYSTAN said:

Dacia sales are not as good as previous years, high interest rate is making their cars look expensive on PCPs

They're only down by about 150 cars YOY so far, Renault up by 800 or so units which will more than make up for it.

[Silvanus]

The Rotrex Kid said:

ACCYSTAN said:

Dacia sales are not as good as previous years, high interest rate is making their cars look expensive on PCPs

They're only down by about 150 cars YOY so far, Renault up by 800 or so units which will more than make up for it.

I'd imagine Duster sales are probably down as people will be waiting for the new model. Dacia are still cheaper than most, a Sandero on PCP can be had from around £120 a month for a list price car of £14,800. I can see the spring coming in at under £150.

[The Rotrex Kid]

Silvanus said:

The Rotrex Kid said:

ACCYSTAN said:

Dacia sales are not as good as previous years, high interest rate is making their cars look expensive on PCPs

They're only down by about 150 cars YOY so far, Renault up by 800 or so units which will more than make up for it.

I'd imagine Duster sales are probably down as people will be waiting for the new model. Dacia are still cheaper than most, a Sandero on PCP can be had from around £120 a month for a list price car of £14,800. I can see the spring coming in at under £150.

Yes, agreed. Duster is on run out now so they will be dwindling numbers.

Spring really has surprised me that RUK have actually managed to not fk up the pricing strategy

Sandero £218pm with £0 deposit. I remember shelling them out for like £90pm at the beginning with £0 deposit. Good times. It was like shooting fish. The company I sold for actually changed our pay plan because we sold so many!

[James_N]

I just hope there isn't a huge upfront payment for it.

I'm totally new to PCP but if they can do the ENY1 for £179 down then £179 a month and thats a 50k car, surely the Spring should be a lot more reasonable?

[HTP99]

James_N said:

I just hope there isn't a huge upfront payment for it.

I'm totally new to PCP but if they can do the ENY1 for £179 down then £179 a month and thats a 50k car, surely the Spring should be a lot more reasonable?

That would be hugely subsidised by the manufacturer, getting rid of stock and likely losing a massive bundle on it, £179/£179 isn't your standard £50k car PCP, that is an exceptional deal that is unlikely to be repeated.

[Scott-R]

HTP99 said:

That would be hugely subsidised by the manufacturer, getting rid of stock and likely losing a massive bundle on it, £179/£179 isn't your standard £50k car PCP, that is an exceptional deal that is unlikely to be repeated.

Is it likely that Honda is subsiding them because someone has worked out it’s cheaper than paying any fines for missing their 22% ZEV mandate?

[The Rotrex Kid]

Scott-R said:

HTP99 said:

That would be hugely subsidised by the manufacturer, getting rid of stock and likely losing a massive bundle on it, £179/£179 isn't your standard £50k car PCP, that is an exceptional deal that is unlikely to be repeated.

Is it likely that Honda is subsiding them because someone has worked out it’s cheaper than paying any fines for missing their 22% ZEV mandate?

Yes. better to shift stock and take a hit than it is to sit on a load of unsold stock AND pay a fine.

[ChocolateFrog]

My parents have ordered one as a second car as they don't need 2 SUVs into retirement.

The first one the salesman had pre-ordered apparently. Surprised me a little I thought there would be more interest.

[HTP99]

ChocolateFrog said:

My parents have ordered one as a second car as they don't need 2 SUVs into retirement.

The first one the salesman had pre-ordered apparently. Surprised me a little I thought there would be more interest.

They are all being pre-ordered through the Dacia website, the salesman wouldn't know how many had been pre-ordered.

I have been dealing with someone who has pre-ordered one, however I haven't a clue how many others there are who have pre-ordered and chosen us as the supplying dealer, these pre-orders will filter down to the respective dealers in due course.

[James_N]

HTP99 said:

They are all being pre-ordered through the Dacia website, the salesman wouldn't know how many had been pre-ordered.

I have been dealing with someone who has pre-ordered one, however I haven't a clue how many others there are who have pre-ordered and chosen us as the supplying dealer, these pre-orders will filter down to the respective dealers in due course.

Any idea when finance / pcp figures will be announced?