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.
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The alternatives
If you are looking for an electric hatchback with a similar range and performance as the Peugeot e-308, you might want to consider some other options that might offer better value and flexibility. For instance, you could buy a Renault Zoe, which has a range of 245 miles and a starting price of €32,000 (about $34,864). Renault also offers a battery rental option for €69 (about $75) per month, but you can also choose to buy the battery outright for an extra €8,900 (about $9,697).
Another option is the Hyundai Ioniq Electric, which has a range of 193 miles and a starting price of €34,900 (about $38,023). Hyundai does not charge any battery rental fee and offers a five-year warranty and unlimited mileage. You can also opt for a lease contract with Hyundai that allows you to buy the car at the end of the term.
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The verdict
The Peugeot e-308 is an attractive electric hatchback that offers a long-range, a powerful motor, and a stylish design. However, its low monthly lease rate is misleading and does not reflect the true cost of ownership. You will have to pay extra for the battery rental, insurance, maintenance, and charging. You will also have to return the car at the end of the lease without any option to buy it.
Therefore, before you lease an e-308, you should compare it with other electric hatchbacks that offer better value and flexibility. You might find that buying or leasing a Renault Zoe or a Hyundai Ioniq Electric is a more sensible choice.
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