Are you looking for an urban and 100% electric SUV for your daily journeys, all without spending a fortune every month? Hyundai offers its Kona Electric from €139/month. Rather interesting financing for a car that is just as interesting. Decryption.
If you are looking for a new car, your sales advisor has surely already told you about the financing he offers, in particular in LLD or LOA: long-term leasing and leasing with option to buy. To differentiate the two, it’s simple: you “rent” the car in both cases for a period of time defined when signing the rental contract.
The difference between these two rental offers comes at the end of the contract, after 3, 4 or 5 years. With the LOA (rental with option to buy), you will have the choice between exercising the option to buy (previously defined when signing the contract) or returning the vehicle. The LLD (long-term rental) does not include a purchase option at the end of the contract. In other words, you return the car.
In this section, we offer you a decryption of the offers of the moment. We are going to take a closer look at the conditions to be met and whether, economically speaking, this financing can be suitable for the use you will have of the vehicle.
And today, after having deciphered the offer of the Škoda Enyaq iV available from €299/month, that of the Kia EV6 from €297/month, the MG ZS EV at €99/month, the Peugeot e -208 to 149 €/month, Renault Mégane E-Tech at 248 €/month, Volkswagen ID.3 at 229 €/month, Renault Twingo E-Tech at 79 €/month, Tesla Model 3 for less than €400/month, the Mini Electric from €350/month, it’s now the turn of the Hyundai Kona Electric from €139/month.
Which Hyundai Kona Electric model is available for less than €150/month?
This offer is easily found in two or three clicks on the manufacturer’s website. At Hyundai, electrified models, and even 100% electric, are now ubiquitous. The Kona Electric is the star of the Korean firm, and it must be said that it is rather damn successful, as we were able to point out in our test.
The Kona Electric is therefore displayed from 139 € / month But what do we have at this price? We have a Kona Electric with a 39 kWh battery with the “Intuitive” finish. Unsurprisingly, this is the model with the smallest battery and with the basic finish. But, as often with Korean manufacturers, the standard equipment is not bad, quite the contrary. As standard, we find these equipment:
- Automatic lighting of lights
- Active lane keeping assist
- Autonomous emergency braking with pedestrian detection
- Active Lane Keeping Assist
- Rear passenger presence alert
- e-Call emergency call
- LED daytime running lights
- LED front position lights
- 17″ alloy wheels
- Height-adjustable driver’s seat
- Electric front and rear windows, sequential driver’s side
- Automatic air conditioning
- Auto Defog Sensor
- Speed regulator
- Driving styles
- Speed limiter
- Reversing camera
- Steering wheel audio controls
- Bluetooth connection
- Hands-free access and keyless start
- Modular boot floor
- Multimedia and connectivity
- 10.25″ digital counters
The car is equipped with an electric motor of 136 horsepower and 395 Nm of torque. Its battery, with a capacity of 39 kWh, gives it a range, according to the WLTP cycle, of 305 kilometres.
Basic, once is not custom, it is not a white or gray color, but a pretty blue hue called “Dive in Jeju”, all with pretty 17-inch rims. From a purely aesthetic point of view, this model is not an entry-level model. On the other hand, if you want to add one or two options (including colors), you immediately exit the offer and the monthly payments go up.
What are the conditions to be eligible for the Hyundai Kona Electric LLD offer?
This is a long-term rental offer over 37 months and 30,000 kilometers maximum. The site indicates that the offer at 139 € / month is subject to a contribution of 2,400 euros. In reality, the contribution is 10,400 euros, but this is absorbed by the ecological bonus of 6,000 euros and the conversion bonus of 2,500 euros, which therefore requires the scrapping of an old vehicle.
To qualify for the conversion bonus, an old diesel or petrol vehicle must be scrapped. The old scrapped vehicle must be a car or van with a gross vehicle weight not exceeding 3.5 tonnes. The date of the first registration of this vehicle must be before 2011 for diesel and before 2006 for gasoline.
The vehicle must also belong to the beneficiary for at least one year. And finally, the reference tax income per unit indicated on the tax notice of your income for the previous year must be less than or equal to €13,489.
How much will the Hyundai Kona Electric LLD offer cost you?
Over three years of lease, your Hyundai Kona Electric will cost you 7,404 euros. Hyundai displays its car from 36,400 euros on its site, ecological bonus of 6000 euros not deducted. This gives us, in the end, a car displayed at the list price of 30,400 euros.
Starting from this price, you will therefore pay, over three years, 23.5% of the price of your car. This is really not much considering that a discount over three years for this type of car is between 30 and 35%. As the offer is not an LOA, there is no option to buy back the vehicle. It must be returned at the end of the rental.
Beware of the cost of repairs, which are always expensive at the time of return. We advise you to do it before at a bodybuilder, it will cost you less than at a dealership. If you take a vehicle back to your dealer after your LLD, he will also be a little less careful about the costs of repairs.
What are the benefits of the Hyundai Kona Electric LLD offer
The price, undoubtedly, since paying €139/month for such a successful urban SUV is really not a bad deal, far from it. The equipment is correct, even if it lacks some essentials such as parking radars, available as an option.
The Hyundai Kona Electric benefits from great driving pleasure, with a decent level of comfort, but also a lot of pep’s thanks to its 136 horsepower, and above all its 395 Nm of torque. With its reduced size and elevated position, the Kona ticks all the boxes of the modern urban SUV. Autonomy is also correct, with more than 300 km announced, and even more for strictly urban use.
What are the disadvantages of the Hyundai Kona Electric’s LLD offer
As usual, the 30,000 km over three years is perhaps a fair bit. Autonomy will be suitable for daily use, a little less for more versatile use. On the highway, even if the Kona Electric has a fairly controlled appetite for electrons, it will be necessary to expect between 220 and 240 km of autonomy.
The other disadvantage is the conversion bonus conditioning. As you have seen above, the conditions are numerous and, ultimately, few customers will tick all the boxes. Certainly, this will not prevent you from buying a Kona Electric in LLD, but the rents will not be the same. On the other hand, it will always be possible to have a model of this type under 200 €/month. Which is still a good deal considering the product.
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