Kia Niro - How should i buy

capstain411

Hi guys,

I have opted not to go for company car and want to buy by own. I am planning to change jobs. After all consideration I have decided Kia Niro 3 hybrid is the best vehicle for our needs.

I have no mortgage and approx 40k in savings and I intend to use 20k for the car.

I have seen a 66 plate 1.5 k on clock Niro for sale on autotrader for 20k.

What would you do, will you buy it outright or go for personal lease which works out £10500 for 3 years @12k per mile which is sufficient for us.

I would assume, with the car depreciating if bought outright it will cost approx 8-10 K for 3 years with 12k miles per year.

I am thinking as Kia hybrid is new technology, I should not risk on outright purchase.

Any other suggestions for plug in/hybrid cars...i need a crossover type.

macman

I don't think the 'new technology ' aspect should put you off an outright purchase, if that is what makes sense for you financially. The hybrid drivetrain is identical to the Hyundai Ioniq, and on the Kia you get a 7 year warranty on the entire car, including the high-voltage battery. So at 3 years you can sell it on with 4 years warranty remaining, which should keep the residuals reasonably high.
The Ioniq was launched in Asia last February, and there have been no major issues reported with the hybrid system. Hyundai have designed this car to take Uber market share from the Prius, so I'd be amazed if they haven't done their engineering homework. Hybrid technology is not new, it's been around for two decades, but is only now being more widely accepted by consumers.

capstain411

Macman thank you.

Any idea how Good/bad Kia depreciates. Will it be wise to judge with similar aged Prius.

forgotmyname

£20k is too much. Knock at least another £1k off that.. Look upto 5000 miles and you should knock £2k off that.

£8 - £10k to rent a car for 3 years? For something boring like a Niro

Seems jumping up a spec, causes the economy and emissions to suffer also.

It doesnt run on electric alone does it?

Gloomendoom

forgotmyname wrote: »

It doesnt run on electric alone does it?

It can, but not very far.

macman

No, there is no pure electric version as yet, as there will be with the Ioniq. One engine only, the 1.6 petrol hybrid. The battery is only 1.57kWh, so it'll switch to petrol very soon after you pull away. The big advantage compared to the Prius is that it has a proper 6 speed dual clutch transmission, not a CVT.
OP, I suggest you look at the specs on whatcar.com for depreciation etc. But at this stage those figures will be speculative.

AnotherJoe

macman wrote: »

No, there is no pure electric version as yet, as there will be with the Ioniq. One engine only, the 1.6 petrol hybrid. The battery is only 1.57kWh, so it'll switch to petrol very soon after you pull away. The big advantage compared to the Prius is that it has a proper 6 speed dual clutch transmission, not a CVT.
OP, I suggest you look at the specs on whatcar.com for depreciation etc. But at this stage those figures will be speculative.

Genuine question. What's the point of having such a tiny battery ? If it's using petrol most of the time, aren't you lugging extra electric motors and battery around for little use?

movilogo

Why bother buying a Niro? Buy 2-3 yr old Ceed or Shortage, much cheaper, still under looking warranty.

Cornucopia

capstain411 wrote: »

What would you do, will you buy it outright or go for personal lease which works out £10500 for 3 years @12k per mile which is sufficient for us.

That sounds expensive - nearly £300 per month.

AnotherJoe

macman wrote: »

The big advantage compared to the Prius is that it has a proper 6 speed dual clutch transmission, not a CVT.

A follow up Q. Why is that a big advantage?

macman

If you've ever endured a journey in a vehicle with a droning, revving CVT box, you'll know why a DCT is better. It also has a manual shift mode, which the CVT does not.