There are more and more electric city cars, but among the premium manufacturers, there is only the Mini Electric that ticks all the boxes. This model is available in LLD from €350/month. But what is this funding really hiding? This is what we are going to discover together.
Last year, around 162,000 electric cars were sold in France. The podium was made up of the Peugeot e-208 in third position with 17,858 registrations, behind the Renault Zoé (23,573) and the Tesla Model 3 (24,911). The Mini Electric has also met with its small success, since it occupies tenth place in this ranking with 5,141 units sold.
Your sales advisor has surely already praised the financing he offers, particularly in LLD or LOA: long-term rental and rental 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.
This is why, within this section, we offer you a breakdown 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, it’s now the turn of the Mini Electric from €350/month.
Which Mini Electric model is offered for less than €350/month?
To find this monthly payment, you have to look in the brand’s financing offers. In the middle of the thermal models still very present in the range, there is this Mini Electric which is displayed at 350 € / month. But what do we get at this price? We have very specifically a Mini Cooper SE Hatch 3-Door Camden Edition. Contrary to what one might think, this is not an entry-level version, but the model just above. As standard, we find these equipment:
- Panoramic glass sunroof;
- Power-folding, auto-dimming mirrors (driver);
- Reversing camera;
- Advanced wireless connectivity with inductive charging;
- Heated front seats;
- Comfort Access;
- Storage kit;
- Auto-dimming interior mirror;
- Front center armrest;
- 16″ Victory Spoke Black rims;
- Sports front seats with Carbon Black “Black Pearl” fabric/leatherette upholstery.
The car is equipped with an electric motor of 184 horsepower and 270 Nm of torque. Its battery, with a capacity of 32.6 kWh, gives it autonomy, according to the WLTP cycle, of 234 kilometres. In town, the autonomy can climb beyond 300 kilometers.
Basically, it’s very classic, with a “Moonwalk Grey” for the body and 16-inch rims for the wheels. If you want to add one or two options (including colors), you get out of the offer immediately and the monthly payments go up.
What are the conditions to be eligible for Mini Electric’s LLD offer?
This is a long-term rental offer over 36 months and 30,000 kilometers maximum. The site indicates that the offer at €350/month is not subject to a down payment. In reality, yes, but this is absorbed by the ecological bonus of 6,000 euros.
There are also no conditions regarding the scrapping of an old vehicle. With your LLD, Mini includes the three-year warranty, but not maintenance or insurance.
How much will Mini Electric’s LLD offer cost you?
Over three years of rental, your Mini Electric will cost you 12,600 euros with the warranty extension over the duration of the rental. Mini displays its car from 38,000 euros on its site, ecological bonus of 6,000 euros not deducted. This gives us, in the end, a car displayed at the list price of 32,000 euros.
Starting from this price, you will therefore pay, over three years, 39% of the price of your car. This is a little more than the natural discount of a car, since the depreciation of a new model after approximately three years of use 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 advantages of Mini Electric’s LLD offer?
The number one advantage is obviously that the conditions are quite flexible: there is no contribution and no condition for taking back an old vehicle. In addition, the car is rather well equipped as standard, with many interesting options, even essential for those who want a premium car.
The car itself is quite fun and pleasant to drive, as we could see during our test drive. For once, an electric motor is perfectly suited to this kind of city car.
What are the disadvantages of Mini Electric’s LLD offer?
As usual, the 30,000 km over three years is perhaps a fair bit. The rent is rather high, but the fact that there is no contribution makes it easier to take the pill.
On the other hand, what could put off buyers is autonomy. The Mini Electric is not a versatile electric car, don’t count on it for long journeys. On the highway, its autonomy does not exceed 200 kilometers. On the other hand, it will be an excellent second car, or even a first for daily and urban journeys, as long as you have a charging point at your destination.
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