Peugeot has recently launched its first electric hatchback, the e-308, which promises to offer a range of over 250 miles, a powerful motor, and a sleek design. The French automaker is also trying to attract customers with a low monthly lease rate of €250 (about $273) for the base model. However, before you rush to sign the contract, you should be aware of some hidden costs and conditions that might make this deal less appealing than it seems.
The fine print
The advertised lease rate of €250 per month is based on a 49-month contract with a limit of 10,000 km (6,214 miles) per year. This means that you will have to pay a total of €12,250 (about $13,346) over the course of the lease, plus a deposit of €2,500 (about $2,727). However, this does not include the cost of insurance, maintenance, or charging the battery.
Moreover, the lease contract does not include the battery rental, which is mandatory for the Peugeot e-308 electric hatchback. Peugeot charges €79 (about $86) per month for the battery rental, which adds another €3,871 (about $4,217) to the total cost of the lease. This means that the actual monthly payment for the Peugeot e-308 is €329 (about $358), not €250.
Another condition that might deter some potential buyers is that the lease contract does not allow you to buy the car at the end of the term. You will have to return the e-308 to Peugeot and either renew the lease or choose another vehicle. This means you will not be able to benefit from any residual value or equity the car might have after four years.
