When I was looking I asked the garage to give me a trade in price for one of our cars, it was about 25% of what I got for selling it privately.
Yeah normally I’d avoid trading it in and sell privately but it has a lot of problems that will put almost everyone off buying it. If the garage doesn’t take it, I think we’ll have to consider selling it for scrap. I’m not entirely sure it’ll even make it to the garage for them to assess it ![]()
It’s a new vehicle that they’ll be anxious to get orders in on so you should be in with a good chance. Will you haggle? I read somewhere Kia may be ok to discount a bit too.
Are you worried about depreciation? I took a look at their van which I liked - but reading up I saw Kia goes down faster than some, not sure why.
Which models were you looking at Karen? Whilst I have seen issues with some Kia e-niro transmission bearings failing which is still repairable, I see quite dramatic drops for other manufacturers, Jaguar i-pace for example.
No, we’ve gone for an LLD. I know they’re not suitable for everyone and at the end you’ve paid but don’t own the car, etc… But having just bought a house, plus I’m also finalising my divorce, money’s tight at the moment.
The monthly LLD payments are what we’re paying in mechanics fees currently to keep the dirty diesel running
Hopefully our finances will be better in 4 years, and then maybe we’ll buy outright (nearly-new though).
One thing I didn’t realise until yesterday is that the EV bonus from the government isn’t just a one-off payment… At the end of the lease, we’d be entitled to get it again on a new lease or purchase (obvs not if buying second hand). I thought it was only ever given once per person.
Assuming the scheme is still running by then… ![]()
Indeed. 4 years is a long way off… The government could look very different with very different objectives.
Which is so sad!!
Making it available to second hand cars, if it can be justified that a car is required for work (like they do for Leasing Social), would help many people.
It feels like currently the bonus is designed to stimulate the order books for car and battery companies, rather than necessarily helping out individual citizens. Maybe the theory is that a healthier economy benefits the wider society?
I thought it was only given once per person. Perhaps they’ve brought in a gap of x years. But then as Corona says, you never know for future.
I only looked at their van - think it’s called the PV5. Then I saw a generic comment later that Kia’s depreciate faster than other vehicles so leasing possibly with a buyback option is worth considering. The van is their first one and new so the comment must have been based on cars. It was a UK motor press comment.
I looked into lease costs in France and found that as usual with financial offerings in France, they’ve got it sewn up. With high leasing cost and, so far as I could tell, the buyback cost if you went for LOA fixed at the beginning of the lease. So no way to negotiate out if market value had dropped to less. So if the LLD payments suit you, and they seemed up to 30% less on quick quotes for various marques I’ve seen, then LLD would seem to be best.
In a LOA, at the end of the period if the purchase value is higher than the current market value, then you don’t use the purchase option. It’s an option.
Exactly. But having that option at the end of the lease will have cost you notably higher monthly lease payments - LOA ‘s for same vehicle typically have higher monthly cost than LLD.