Peugeot Just Add Fuel - DO NOT SIGN UP

eamon

Seems to be more frequent a newbie 1st time poster, short, medium or long rant and never to be seen again. But to join in, if you are youngish driver, want a brand new car, are disciplined and able to stick to the rules then the finances can make sense.

Grumpy_chap

gord115 said:

the excess mileage charge is 4.2p per mile.

Excess mileage rate is usually far higher than that - at least double.

AdrianC

gord115 said:

Just had a look and the excess mileage charge is 4.2p per mile.
So if you doubled the mileage you would pay 4.2 x 18000 = £756 after 3 years
Am I the only one who thinks this is reasonable?

Or, to put it another way, another £21/mo on the monthlies.

Seems very reasonable to me.

cymruchris

gord115 said:

Just had a look and the excess mileage charge is 4.2p per mile.
So if you doubled the mileage you would pay 4.2 x 18000 = £756 after 3 years
Am I the only one who thinks this is reasonable?

If that's the excess cost over 3 years - that would seem a fair 'additional' depreciation contribution to the car having less value due to its higher mileage. The agreement for 6k a year would assume a value of £X amount based on a total mileage of 18k when the user returned the vehicle - if the user had done 36k miles instead - the value of the car would be lower, which is why the excess mileage charges are in fact charged. Not because they use it as a money making excuse to charge more. (Some excess mileage charges are much higher though - and then you might question the drop in value versus the costs claimed - but in this case - at those rates - it does seem fair - even if we don't know the exact model of Peugeot involved).

gord115

Grumpy_chap said:

gord115 said:

the excess mileage charge is 4.2p per mile.

Excess mileage rate is usually far higher than that - at least double.

Not on the peugeot 208 it isn't.

Grumpy_chap

gord115 said:

Grumpy_chap said:

gord115 said:

the excess mileage charge is 4.2p per mile.

Excess mileage rate is usually far higher than that - at least double.

Not on the peugeot 208 it isn't.

I was referring in general terms, and with reference to leases really.  Looking at an online lease company found through a popular internet search engine, Peugeot 208 1.2 Puretech Active Premium, 3 years, 8k miles / year, 6+36 personal lease, excess mileage charge 18 pence / mile (inc VAT).  Extortionate!

gord115

Grumpy_chap said:

gord115 said:

Grumpy_chap said:

gord115 said:

the excess mileage charge is 4.2p per mile.

Excess mileage rate is usually far higher than that - at least double.

Not on the peugeot 208 it isn't.

I was referring in general terms, and with reference to leases really.  Looking at an online lease company found through a popular internet search engine, Peugeot 208 1.2 Puretech Active Premium, 3 years, 8k miles / year, 6+36 personal lease, excess mileage charge 18 pence / mile (inc VAT).  Extortionate!

Yeah but for the "Just add fuel" which is what the OP is referring to is 4.2p per mile so what you are saying is irrelevant!

Were_Doomed

Huh? Why are you arguing? Grumpy_chap is simply remarking that 4.2p per mile is unusually cheap, so the OP has no real complaint.