New ZS EV leasing prices released

[rastiman]

Morning all

For those interested in leasing rather than PCP, the prices are now available on the main comparison sites (cars2buy, lease lock and leasing.).
Sadly my missus wants an id.3 - just as long as she is the one sitting in the garage every time it breaks down ?

 

[Lovemyev]

Morning all

For those interested in leasing rather than PCP, the prices are now available on the main comparison sites (cars2buy, lease lock and leasing.).
Sadly my missus wants an id.3 - just as long as she is the one sitting in the garage every time it breaks down ?

Two very different cars really ?.
Low ride 5 door medium sized hatch back in the ID3 vs the much higher ride of the ZS EV medium sized SUV with more cabin / boot space and equipment.
Two very different beasts !.

 

[ivorhooper]

A very generic question regarding the leasing/PCP debate - how likely is it that your car will be worth more than the balloon payment if you take out PCP finance?
I know it's like asking how long a piece of string is but I've never taken finance on a car before so don't have any real world experience.
I'd assume that the car company would want to keep your business after the finance period so would calculate there being a bit of equity at the end?
I'm trying to work out whether leasing or PCP would be cheaper after 4 years...if there's equity in the car then i would need to take that into account.

 

[rastiman]

Two very different cars really ?.
Low ride 5 door medium sized hatch back in the ID3 vs the much higher ride of the ZS EV medium sized SUV with more cabin / boot space and equipment.
Two very different beasts !.

I couldn’t agree more! Id prefer the ZS (even though the price and spec are very similar) but I won’t be the one driving it that much. I’m sticking with my Ford Ranger!

 

[JoOLS]

A very generic question regarding the leasing/PCP debate - how likely is it that your car will be worth more than the balloon payment if you take out PCP finance?
I know it's like asking how long a piece of string is but I've never taken finance on a car before so don't have any real world experience.
I'd assume that the car company would want to keep your business after the finance period so would calculate there being a bit of equity at the end?
I'm trying to work out whether leasing or PCP would be cheaper after 4 years...if there's equity in the car then i would need to take that into account.

From my own research, the monthly finances of each will work out very close however, leasing is more restrictive i.e. it is more difficult to change part way through for a different vehicle or if your circumstances change (new job, relocation etc). PCP tends to offer more flex plus, you're right, currently, used cars have higher equity than the GFV (very generally).

 

[rastiman]

A very generic question regarding the leasing/PCP debate - how likely is it that your car will be worth more than the balloon payment if you take out PCP finance?
I know it's like asking how long a piece of string is but I've never taken finance on a car before so don't have any real world experience.
I'd assume that the car company would want to keep your business after the finance period so would calculate there being a bit of equity at the end?
I'm trying to work out whether leasing or PCP would be cheaper after 4 years...if there's equity in the car then i would need to take that into account.

Leasing is great for those wishing to chop and change their vehicles if you get the right deal. I’ve been leasing since 2009, and wait until a blinding offer comes along. I never pay the going rate. The current leasing prices on the ZS are cheaper than the PCP, and I would expect that by next year there may be better deals. Re PCP and the balloon payment, that’s very tricky to guess. At the end of the day, the finance companies “guess” exactly the same whether it’s lease or PCP, and in the current climate who knows. Personally, I feel the residual value of the new ZS EV is quite low on PCP, and that may be as in 4 years the range of the ZS may be a lot less than newer vehicles which have come along, which could be produced for less money as technology improves.

In brief, finance companies rarely get caught short on PCP, but the current fiasco has thrown that all up in the air. In 4 years I would expect things to have settled down considerably, but that’s just my take!

Dealers can only do so much to keep your business, their hands are tied by their financial providers who set the figures!

 

[Gomev]

I prefer to call leasing ....renting.
Remember with purchase by whatever means, cash, HP, PCP, the car is yours at the end of term, you can have finance free motoring for as many years as you want to keep the car.