Zoe depreciation affecting PCP

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This topic contains 7 replies, has 5 voices, and was last updated by  srrie 1 week, 3 days ago.

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  • #43756

    CHonor
    Participant

    Hi all, first time posting (despite being a Zoe driver for nearly 2 years!)

    My 2 year PCP runs out in September so I went to the dealership on Saturday. I was rather shocked by the news I received. Firstly, that Renault had got the value of the car badly wrong, so instead of being worth around £9000 at the end of 2 years, it’s only worth £4000. Because of this, I cannot use the car to part exchange against the newer model (I have a 21Kwh battery and want the 40). I just have to hand the car back. Secondly, because of this error, the new monthly cost of a 3 year PCP would be £332 a month PLUS the £90 odd for the battery rental. I’m currently only paying £127ish inc the battery!! At a £300 difference this seems mad.

    I presume I cannot be the only one stunned by this and now in a tricky situation? I love the Zoe and want an electric car but cannot afford the new higher costs. I feel I have been missold and misled. Anybody else in a similar situation, or have any advice on what I can do?

    Many thanks

    #43759

    Trevor Larkum
    Keymaster

    Hi, CHonor, and welcome!

    I’ve been selling ZOEs for four years now, starting a year after I got mine. At about that time the price dropped massively, and they could be bought for bargain basement prices – clearly you got one of those. Then the prices went back up and have been rising ever since.

    I’m afraid you’re not the only one in that boat – and we started selling used ZOEs for exactly that market, though that market has also become very competitive. The simple fact is that the new ZOEs are selling really well – delivery time is about 6 months – so there is no need for Renault to make it any cheaper. They can sell as many as they can make. It is also still competitively priced, since it’s the longest range EV after the Tesla (at least until the I-PACE and Kona become available).

    The simple fact is you were at the right place at the right time to catch an unprecedented bargain. You could try negotiating with RCI to keep your ZOE at a good price.

    Buyers are snapping up electric runarounds – and some are worth 30% more than a year ago

    This is what happens when a revolution finally takes off – there are winners and losers. You were a lucky winner.

    #43771

    reboot
    Participant

    Hi Trevor, any rough idea on a final PCP price I could expect to discuss with RCI? Dynamique, 3 year deal? Thanks

    #43776

    andyfras
    Participant

    As Renault are saying that it’s only worth £4k at the end of your PCP, then offer to buy it at that price, as it’s worth a lot more.

    #43783

    Trevor Larkum
    Keymaster

    Yes, £4k is a good price – I’d buy it off you for that!

    #43789

    srrie
    Participant

    You should buy it out right and upgrade the battery to the 40khw which I believe is about 3.5k.
    However, you should of been given a final price guarantee, check your contract.

    #43790

    CHonor
    Participant

    I looked at replacing the battery and found it to be even more than that, and was told by the dealership it wasn’t possible, as the battery is so integrated into the whole car or something. (not a mechanic here obviously hah!)

    #43791

    srrie
    Participant

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