honda eny1 deal - feb 2024 end
Discussion
sixor8 said:
Can anybody tell me if the e:NY1 comes with a 3 pin plug lead too, or the type 2 lead only? I've searched the web and it doesn't get mentioned anywhere whether yes or no.
There are converted leads out there but they're not cheap, and I'd only want to use a 3 pin whilst waiting for a charger installation, or using at a friend's or relative's house.
I was told it comes with both cables. I’ll be using the 3 pin plug to start with as well. My commute is like 5 miles and we have chargers at work. Going to see how I get on over the first few weeks before committing to the cost of a home charger. There are converted leads out there but they're not cheap, and I'd only want to use a 3 pin whilst waiting for a charger installation, or using at a friend's or relative's house.
Thanks for the quick reply. I saw you got lucky with a cancellation. 
I've decided to enquire about the £199 one anyway at Norton Way Honda. 3 yrs is a long committal for me, but at least I won't have to MoT it, or maybe once? 
Can you had it back with no MoT??
I've decided to enquire about the £199 one anyway at Norton Way Honda. 3 yrs is a long committal for me, but at least I won't have to MoT it, or maybe once? Can you had it back with no MoT??Edited by sixor8 on Friday 1st March 08:49
Just arrange a collection for 2/3 weeks before the MOT is due if you’re handing it back.
I just went for the cheap 2 years and will see what the deals are like again then. I’m still on a cheap 1st covid lockdown lease when they were desperate to sell cars. I’ve been keeping a look out for the past few months and resigned myself to paying a lot more.
I figured I can always enquire about refinancing the ballon payment in 2 years to basically extend for a further 12 months if I want to keep it for longer. Obviously don’t have to worry about service costs with the service plan included.
I just went for the cheap 2 years and will see what the deals are like again then. I’m still on a cheap 1st covid lockdown lease when they were desperate to sell cars. I’ve been keeping a look out for the past few months and resigned myself to paying a lot more.
I figured I can always enquire about refinancing the ballon payment in 2 years to basically extend for a further 12 months if I want to keep it for longer. Obviously don’t have to worry about service costs with the service plan included.
I see people talking about GAP insurance, I get it, if the worst were to happen. Are you on the hook for all the full finance cost including the balloon if a car is written off?
Voluntary return at 50% costs would be hefty since the balloon is £27k and I presume the 50% return has to be a complete, running car.
Voluntary return at 50% costs would be hefty since the balloon is £27k and I presume the 50% return has to be a complete, running car.
I'm a bit confused by the GAP thing too to be honest. I get the idea that if the car is written off, say, 12 months in, your insurance company will value it much lower than what you still owe. But surely the idea is that they pay market value so you can get another car of the same age/condition/mileage with the payout? So you're no worse off - is the issue that the finance company require you to return the exact car that you started with, so you can't return the replacement car at the end of the PCP, even if it's the same?
GAP doesn't look too pricey, but I want to understand why I'm buying it...
GAP doesn't look too pricey, but I want to understand why I'm buying it...
Car worth £37k
Take off the forecourt £29k
Write it off after 1 day, the insurer will only pay the market value (£29k)
Gap is to cover the difference between the market value and the full finance amount of the vehicle which you would still owe to the finance company.
Numbers are just examples
Take off the forecourt £29k
Write it off after 1 day, the insurer will only pay the market value (£29k)
Gap is to cover the difference between the market value and the full finance amount of the vehicle which you would still owe to the finance company.
Numbers are just examples
Thanks all, I've gone for a Grey Advance (with the white interior!) on a 3 year deal for £260 with no deposit.
For the price, 2 years didn't seem long enough as I would have to searching for a replacement car at the end of next year! Also then as it's 3 years I thought it's better to get the higher spec version which hopefully will be more enjoyable.
It's replacing our e-Golf and working out the costs, it will cost us £50 a month more than the e-Golf once you estimate depreciation, servicing. Warranty, etc for the e-Golf. A bit of a no brainer for £50 a month.
For the price, 2 years didn't seem long enough as I would have to searching for a replacement car at the end of next year! Also then as it's 3 years I thought it's better to get the higher spec version which hopefully will be more enjoyable.
It's replacing our e-Golf and working out the costs, it will cost us £50 a month more than the e-Golf once you estimate depreciation, servicing. Warranty, etc for the e-Golf. A bit of a no brainer for £50 a month.
Enquired with Norton Way this morning and they sold nearly all yesterday with just a few white Elegances left.
GAP is essential on this deal. True market value is only ~£30k now, so might only be ~£20k in 18 months time and that would be the insurer payout. If the car is written off, there would still be nearly £30k owed just to walk away. You can't hand a different car back!
You might as well go for vehicle replacement instead of RTI, as the price of sourcing a new one will be well above £30k once this deal is done.
GAP is essential on this deal. True market value is only ~£30k now, so might only be ~£20k in 18 months time and that would be the insurer payout. If the car is written off, there would still be nearly £30k owed just to walk away. You can't hand a different car back!
You might as well go for vehicle replacement instead of RTI, as the price of sourcing a new one will be well above £30k once this deal is done.
whitmanthecat said:
Enquired with Norton Way this morning and they sold nearly all yesterday with just a few white Elegances left.
GAP is essential on this deal. True market value is only ~£30k now, so might only be ~£20k in 18 months time and that would be the insurer payout. If the car is written off, there would still be nearly £30k owed just to walk away. You can't hand a different car back!
You might as well go for vehicle replacement instead of RTI, as the price of sourcing a new one will be well above £30k once this deal is done.
How t does vehicle replacement work.. So let's say this is written off and insurance paid 20k.. Gap paid 8k for the pending finance.. Plus it will pay 30k extra or just 2k extra for replacement??? GAP is essential on this deal. True market value is only ~£30k now, so might only be ~£20k in 18 months time and that would be the insurer payout. If the car is written off, there would still be nearly £30k owed just to walk away. You can't hand a different car back!
You might as well go for vehicle replacement instead of RTI, as the price of sourcing a new one will be well above £30k once this deal is done.
Edited by Caramaze on Friday 1st March 10:29
Tailender Investor said:
I was told it comes with both cables. I’ll be using the 3 pin plug to start with as well. My commute is like 5 miles and we have chargers at work. Going to see how I get on over the first few weeks before committing to the cost of a home charger.
Does that mean it comes with a 3 pin to type 2 and a type 2 charger to car cable. Never had an ev, just checking.milneb2 said:
Tailender Investor said:
I was told it comes with both cables. I’ll be using the 3 pin plug to start with as well. My commute is like 5 miles and we have chargers at work. Going to see how I get on over the first few weeks before committing to the cost of a home charger.
Does that mean it comes with a 3 pin to type 2 and a type 2 charger to car cable. Never had an ev, just checking.https://www.honda.co.uk/cars/new/e-ny1-electric-su...
Caramaze said:
How t does vehicle replacement work.. So let's say this is written off and insurance paid 20k.. Gap paid 8k for the pending finance.. Plus it will pay 30k extra or just 2k extra for replacement???
For any GAP you have to quote the price after all deposit contributions (but not your own, if any) as the invoice amount. Say £30k but depends on the exact deal being taken. Then as before, assume in 18 months written off and insurer pays only £20k, but outstanding finance is £28k. Edited by Caramaze on Friday 1st March 10:29
With no GAP, you are on the hook for the £8k outstanding finance. Then at square one for a new car.
With Finance GAP, they cover the £8k outstanding.
With return to invoice GAP, it tops up the £10k to the invoice value, giving you a total of £30k. Repay the finance and have £2k spare for another car.
With vehicle replacement, it depends on what deal can be head for the e:Ny1 at the time. Suppose they are still at £30k (or less) brand new, then the payout is the top up to invoice amount, exactly the same as RTI. Suppose Honda dealers want £35k for a new one after discounts at the time. Then GAP in theory tops up by £15k, to give you £35k.
But it varies by GAP provider. If new ones are £35k but nearly new are £29k, some would only take the nearly new price so effectively never pay more than RTI anyway, despite the higher premium.
Look at the small print if looking at VRI. The chances of write off are actually very small, so GAP makes the providers lots of profit. Plus the FCA have ballsed up their investigation, so as well as stopping dealers selling it for now, have also taken out a fair chunk of the better value providers too.
Edited by whitmanthecat on Friday 1st March 12:07
croyde said:
Do the dealers stress that you must take it out of you want peace of mind?
That's what they say. In reality it's because their commission was huge. £200 in the open market but £500 at the dealer: probably £300 pure profit and they can make more from that than selling the cars. Actually they aren't allowed to sell right now while the regulator FCA is investigating the market.GAP is often over promoted. Insurers pay out market value so even without GAP, you are in no worse position than if you decided to sell the car. With deals like this, where the amount owed will be above the car's value, then there's a genuine insurance benefit.
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