Kia unveiled the EV6 crossover in 2021, with initial deliveries commencing late that year. The South Korean automaker presents appealing extended-term rental plans for this model, which we will analyze. We’ll examine the offer’s details, requirements, and the exact vehicle included for the advertised price.
When purchasing a new or pre-owned electric vehicle, dealers often promote financing choices, frequently highlighting lease-to-own and long-term rental options. Both involve periodic payments for a specified term, as detailed in the contract.
The critical distinction lies in the contract’s conclusion. After three to five years, lease-to-own agreements grant the buyer the option to purchase the vehicle (the price being stated upfront) or return it. Long-term rentals, conversely, don’t possess a purchase option upon conclusion.
This funding strategy allows presentation of seemingly high-priced vehicles at seemingly affordable monthly installments. However, a thorough examination reveals numerous stipulations, often model-specific. These terms can dramatically inflate the displayed rental cost if not fully satisfied, leaving potential customers disappointed.
This segment provides an analysis of current offers, focusing on those appearing attractive. We’ll dissect the terms and conditions, assessing the financial viability based on intended vehicle use. Following our analysis of the Škoda Enyaq iV offer, starting at €299/month, we’ll explore comparable pricing for the Kia EV6, a crossover with a distinctive design.
Which Kia EV6 model is available for €297/month?
A quick search on the French Kia website reveals this deal. Scrutinizing the fine print, we find a discrepancy: the advertised image doesn’t match the offer. A common tactic among automakers: showcasing a top-tier model while quoting the base model’s price.
The pictured EV6, a two-wheel-drive GT-line with Style and Security Packages and matte gray paint, actually costs €527/month—nearly double the advertised rate. This fully-optioned model shouldn’t overshadow the appeal of the base €297/month EV6. Kia consistently includes substantial standard features.
For the price, you receive a surprisingly well-equipped vehicle. It’s a base
What are the stipulations for Kia’s EV6 long-term lease deal?
This arrangement is a long-term rental spanning 37 months, with a mileage limit of 45,000 kilometers. The offer explicitly requires a 10,300 euro initial payment to secure the 297 €/month rate. This upfront cost can be reduced by the maximum 6000 euro ecological bonus, available until June 30, 2022.
Kia incorporates a manufacturer’s discount, ensuring the vehicle’s price falls below the 45,000 euro threshold needed for the full bonus. Consequently, the initial payment is reduced to 4300 euros. This offer hinges on trading in an existing vehicle; however, Kia hasn’t clarified whether only certain trade-in vehicles are eligible.
Kia’s long-term lease includes a three-year maintenance and warranty package, covering the entire rental period. However, this plan excludes the KiaCharge Plus & Ionity Power subscription, typically offered for the first year, to buyers of a e-Niro, an e-Soul, or a new EV6 (ordered between October 1, 2021, and December 31, 2021, and delivered by January 2022), but not those using long-term rental options for professionals.
What’s the overall cost of the Kia EV6 long-term lease?
Calculations show this proposition to be quite appealing, considering the value for money. Over three years, including the initial payment, this Kia EV6 will cost 14,992 euros, encompassing maintenance and warranty. Kia lists the EV6 at 47,990 euros. A 3000 euro discount makes the vehicle eligible for the maximum 6000 euro bonus, resulting in a net price of 38,990 euros.
Thus, the three-year lease represents approximately 33.3% of the vehicle’s net price—lower than typical rates (around 40%), suggesting a comparatively high residual value. Remember, residual value signifies the asset’s worth after its use or lease period—the acquisition cost less depreciation.
Resale concerns are eliminated as the vehicle must be returned after 37 months. However, return-related repair expenses can be substantial. We recommend pre-inspection by your local mechanic for cost savings.
What are the benefits of Kia’s EV6 offer?
Kia EV6 Long-Term Lease (LLD): A Deep Dive
This lease presents exceptional value, boasting a generously equipped vehicle at a competitive price. However, a minor drawback exists: the absence of front and rear parking sensors, a potentially useful feature given the car’s 4.68-meter length. The 229-horsepower engine delivers impressive performance, and its range surpasses 500 kilometers, leading the market.
The EV6 includes desirable driver-assistance systems and build quality befitting a nearly €50,000 vehicle. While not reaching luxury levels, its impeccable finish and unique styling will resonate with drivers seeking something different.
Unusually generous for a long-term lease, the mileage allowance isn’t excessively restrictive. The 36-month agreement permits 45,000 kilometers—roughly 1,250 kilometers monthly or 42 kilometers daily. This surpasses the typical 30,000-kilometer limit for three-year leases. However, exceeding the allotted mileage incurs penalties; these vary by manufacturer but generally range from 5 to 10 cents per extra kilometer.
Kia EV6 LLD: Potential Drawbacks
This lease’s downsides are few, mainly revolving around a single condition: the mandatory trade-in of a previous vehicle. This excludes individuals without a trade-in or compels them to choose a pricier rental option.
As with all lease-purchase and long-term lease agreements, return costs can be substantial. An automotive professional assesses the vehicle according to a predefined scale, identifying needed repairs. Before returning the vehicle, consider“`html
A fully electric SUV, a generally successful vehicle comparable to higher-end models, for under 300 euros monthly? That’s a proposition Škoda currently extends, and we’ll delve into…
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