Looking for advice on Peugeots 'Just Add Fuel'

Cornucopia

This question or variations of it come up a lot on MSE/Motoring. I'm not really sure why, because the terms of Leases and PCPs are completely transparent, and readily comparable.

Total cost of ownership = Deposit + Payment * Duration

You can then divide TCO by weeks, months, years or miles to give a figure that can be related to.

Dividing by years makes sense if you want to compare schemes of different durations (say a 3-year and a 4-year).

The best TCO on a new car is likely to come from a 0% PCP, although the monthly payments should still be compared to Leases to see whether that is the case.

Citroen have been using low-cost leases to launch their new cars recently. The deals on the C1 are particularly good, although some of the cheapest prices are only 5000 miles pa, 18 months, in which case the deposit starts to look high. But comparing TCOs will address this. (Also, check that Lease prices include VAT, as they often quoted without). The best price I can find from a relatively sound-looking leasing broker on reasonable 10000miles/2 year terms is £82x24+6 including VAT.

Whilst you can compare overall costs or monthly payments on non-Lease/non-PCP purchases, you are ultimately not comparing like with like. Leases and PCPs have built-in protection against otherwise unpredictable depreciation, and that protection can be worthwhile, depending on your attitude to risk.

I looked at the Peugeot scheme, but found it not to be good value for money, although that's partly because my insurance is less than £300 per year.

As a benchmark, I recently bought a Renault Captur on manufacturer's 4-year 0% PCP. This costs £156pm including servicing and the original "offer model" was £1700 deposit (though I went for a higher model and paid a larger deposit).

This is a TCO of £2297 per year including servicing, and I wouldn't want to be paying much more than that, full stop, and less for a much smaller car like the 108.

Best lease I can find on the 108 is 35+6 @ £107pm inc VAT, 10000miles pa. This makes the Just add Fuel deal look very expensive, indeed.

FreddieFrugal

no1wf wrote: »

In that case, does anyone know of any other cars that have the open and go keyless feature?

Search for keyless entry on Google and the majority of links are to news stories and reports about the vulnerability of the systems.

You sure it's a major requirement?

no1wf

Cornucopia wrote: »

This question or variations of it come up a lot on MSE/Motoring. I'm not really sure why, because the terms of Leases and PCPs are completely transparent, and readily comparable.

Total cost of ownership = Deposit + Payment * Duration

You can then divide TCO by weeks, months, years or miles to give a figure that can be related to.

Dividing by years makes sense if you want to compare schemes of different durations (say a 3-year and a 4-year).

The best TCO on a new car is likely to come from a 0% PCP, although the monthly payments should still be compared to Leases to see whether that is the case.

Citroen have been using low-cost leases to launch their new cars recently. The deals on the C1 are particularly good, although some of the cheapest prices are only 5000 miles pa, 18 months, in which case the deposit starts to look high. But comparing TCOs will address this. (Also, check that Lease prices include VAT, as they often quoted without). The best price I can find from a relatively sound-looking leasing broker on reasonable 10000miles/2 year terms is £82x24+6 including VAT.

Whilst you can compare overall costs or monthly payments on non-Lease/non-PCP purchases, you are ultimately not comparing like with like. Leases and PCPs have built-in protection against otherwise unpredictable depreciation, and that protection can be worthwhile, depending on your attitude to risk.

I looked at the Peugeot scheme, but found it not to be good value for money, although that's partly because my insurance is less than £300 per year.

As a benchmark, I recently bought a Renault Captur on manufacturer's 4-year 0% PCP. This costs £156pm including servicing and the original "offer model" was £1700 deposit (though I went for a higher model and paid a larger deposit).

This is a TCO of £2297 per year including servicing, and I wouldn't want to be paying much more than that, full stop, and less for a much smaller car like the 108.

Best lease I can find on the 108 is 35+6 @ £107pm inc VAT, 10000miles pa. This makes the Just add Fuel deal look very expensive, indeed.

That lease you found seems too good to be true, that can't be on the Feline surely.

Thank you for your in depth reply though

isplumm

no1wf wrote: »

In that case, does anyone know of any other cars that have the open and go keyless feature?

Hi

I had keyless on my last car - Ford Focus - I found a slight pain - remember that you can not check whether the car is locked - cause as soon as you try with keys on you - doors unlock -

So you just need to trust that it locks!

Mark

no1wf

IanRi wrote: »

Search for keyless entry on Google and the majority of links are to news stories and reports about the vulnerability of the systems.

You sure it's a major requirement?

Not a major requirement no but I like to upgrade and it seems a pretty cool thing to be able to just push a button to start your car

no1wf

isplumm wrote: »

Hi

I had keyless on my last car - Ford Focus - I found a slight pain - remember that you can not check whether the car is locked - cause as soon as you try with keys on you - doors unlock -

So you just need to trust that it locks!

Mark

Haha true! I would go into the house with my key and send my Dad out to check :P

FreddieFrugal

no1wf wrote: »

Haha true! I would go into the house with my key and send my Dad out to check :P

He might get a bit fed up of doing that after a while!

no1wf

IanRi wrote: »

He might get a bit fed up of doing that after a while!

I don't think he will, I don't drive as often as I used to

Cornucopia

no1wf wrote: »

That lease you found seems too good to be true, that can't be on the Feline surely.

No, that was the 1.0 Active. The Lease market is extremely competitive, so even if you end up buying by another method, it's always worth checking the Lease price as a guide.

1.2 Feline 3dr is £140 pm on a 6+35, 8000miles pa basis inc VAT.

(6+35 means 6 payments as a deposit, followed by 35 payments i.e. a 3 year lease with a deposit in this case of £840).

no1wf

Cornucopia wrote: »

No, that was the 1.0 Active. The Lease market is extremely competitive, so even if you end up buying by another method, it's always worth checking the Lease price as a guide.

1.2 Feline 3dr is £140 pm on a 6+35, 8000miles pa basis inc VAT.

(6+35 means 6 payments as a deposit, followed by 35 payments i.e. a 3 year lease with a deposit in this case of £840).

Thank you Just have to find somewhere that will take my car as a deposit, a bit more difficult online I think