Lease company with no deposit and insurance included?

CKdesigner

EVezy is really a 'no brainer' if you want it for personal use and will do upto 1,000 miles per month.

You can get a brand new EV (which is so much better than an internal combustion engined vehicle) for £289 a month, with not 1 penny extra to pay for insurance, maintenance of any any kind or even fuel!

I have a BMW i3 on a special 0% APR PCP with no deposit and I'm still paying more per month than the price from EVezy! Unfortunately I use my car for business so cannot get one from EVezy, but if I didn't need it for work then I wouldn't look anywhere else, especially for short term.

Cornucopia

£289 is a far chunk of cash, though, and the "nicer" vehicles on the website are way more than that, too.

A car that is reasonable VFM on a lease will likely be below £200pm on a 3 year lease with a 6 or 9 payment deposit. That leaves £89pm for the cost of insurance, or £1068pa - which is much more than a typical "mature" driver would pay for that kind of vehicle. (The cost of servicing and breakdown insurance are negligible within these figures).

The numbers are everything here, and they are presented transparently.

CKdesigner

Cornucopia wrote: »

£289 is a far chunk of cash, though, and the "nicer" vehicles on the website are way more than that, too.

A car that is reasonable VFM on a lease will likely be below £200pm on a 3 year lease with a 6 or 9 payment deposit. That leaves £89pm for the cost of insurance, or £1068pa - which is much more than a typical "mature" driver would pay for that kind of vehicle. (The cost of servicing and breakdown insurance are negligible within these figures).

The numbers are everything here, and they are presented transparently.

You are forgetting cost of fuel. The EVezy prices include all fuel costs as well! Also with a 3 year lease, that's it, you have the car and are tied in for 3 years.

But with EVezy, your commitment is 1 month. So if you don't want or need the car for a month then give it back, that's fine. If you want to upgrade to a Tesla M3 for a month, then fine you can do that.

I really don't think for example you would get a 2 year lease on a BMW i3 with 1,000 miles a month anywhere near £399 a month with no deposit.

DrEskimo

CKdesigner wrote: »

EVezy is really a 'no brainer' if you want it for personal use and will do upto 1,000 miles per month.

You can get a brand new EV (which is so much better than an internal combustion engined vehicle) for £289 a month, with not 1 penny extra to pay for insurance, maintenance of any any kind or even fuel!

I have a BMW i3 on a special 0% APR PCP with no deposit and I'm still paying more per month than the price from EVezy! Unfortunately I use my car for business so cannot get one from EVezy, but if I didn't need it for work then I wouldn't look anywhere else, especially for short term.

There are some parts that need additional clarity, and information that is missing that is certainly worth including to ensure a more complete picture is made.

It is not for a brand new car. You may be lucky and be the first person to rent out a particular car, but equally you could get a used car. Secondly, they only cover electricity on the POLAR network (and I understand they are in discussion with Tesla about getting supercharger network included on the Model 3). Home charging and any other network is an additional cost.

Now the other aspects that I think are important to point out are:

• You do not get a physical key. You have to use an App provided by EVEZY.
• You are limited to 1,000 per year, and you have to pay any excess up to 1,250. They ask that you do not exceed 1,250.
• The insurance provided has a £1,000 excess. Additional excess cover may be worth it.
• All cars are fitted with a mandatory dashcam that sends data every 18secs to a third party. It has a G-Sensor and if you detected to have driven 'aggressively' on more than 3 occasions, the insurance can be cancelled.
• You are not allowed to drive outside of the UK on the insurance provided.

All said, EV's are currently experiencing a very buoyant and strong second hand market, making depreciation costs minimal. Case in point, my used Zoe has appreciated and over the last 6months I would have been substantially worse off had I gone with EVEZY, along with all the restrictions listed above.

I wonder if you look at a valuation of your i3, and worked out how much it has cost you so far (ignore the monthly cost on the PCP finance, that is irrelevant if the car is not depreciating at the rate predicted) I wonder how different it is to EVEZY...?

As a short term stop gap, I think EVEZY works well, but as a means of running a car, it is still expensive.

Oh and apparently you can get business cover insurance if you ask..!

CKdesigner

DrEskimo wrote: »

There are some parts that need additional clarity, and information that is missing that is certainly worth including to ensure a more complete picture is made.

It is not for a brand new car. You may be lucky and be the first person to rent out a particular car, but equally you could get a used car. Secondly, they only cover electricity on the POLAR network (and I understand they are in discussion with Tesla about getting supercharger network included on the Model 3). Home charging and any other network is an additional cost.

Now the other aspects that I think are important to point out are:

• You do not get a physical key. You have to use an App provided by EVEZY.
• You are limited to 1,000 per year, and you have to pay any excess up to 1,250. They ask that you do not exceed 1,250.
• The insurance provided has a £1,000 excess. Additional excess cover may be worth it.
• All cars are fitted with a mandatory dashcam that sends data every 18secs to a third party. It has a G-Sensor and if you detected to have driven 'aggressively' on more than 3 occasions, the insurance can be cancelled.
• You are not allowed to drive outside of the UK on the insurance provided.

All said, EV's are currently experiencing a very buoyant and strong second hand market, making depreciation costs minimal. Case in point, my used Zoe has appreciated and over the last 6months I would have been substantially worse off had I gone with EVEZY, along with all the restrictions listed above.

I wonder if you look at a valuation of your i3, and worked out how much it has cost you so far (ignore the monthly cost on the PCP finance, that is irrelevant if the car is not depreciating at the rate predicted) I wonder how different it is to EVEZY...?

As a short term stop gap, I think EVEZY works well, but as a means of running a car, it is still expensive.

Oh and apparently you can get business cover insurance if you ask..!

Yes there are a few conditions!

I just see them as understandable, not necessarily bad.

Unfortunately I do between 1,500 and 2,000 miles a month, so I'm quite a bit above their maximum mileage allowance.

You are right about used EVs holding their value. My wife has the i3 and I have a Hyundai Ioniq Electric. For the last 6 months its value has actually crept up a bit!

DrEskimo

CKdesigner wrote: »

Yes there are a few conditions!

I just see them as understandable, not necessarily bad.

Unfortunately I do between 1,500 and 2,000 miles a month, so I'm quite a bit above their maximum mileage allowance.

You are right about used EVs holding their value. My wife has the i3 and I have a Hyundai Ioniq Electric. For the last 6 months its value has actually crept up a bit!

So perhaps not such a 'no-brainer' after all...?

Buying outright is working out cheaper and more flexible, with no conditions!