Mileage extension on Zoe PCP

[anonymous-user]

Spoke to Renault Finance today to enquire about extra miles over the agreed number on the original finance agreement.

Originally took car on 9k / yr at £102.93 per month and battery on 7.5k / yr at £50 per month

Excess is 7.5p per mile on each, so 15p per mile overall

To increase battery to 9k, in line with car, would increase battery lease to £87 per month. This can be done up to 3 months before the end of the agreement.

That would work out at 7.4p per mile.

I will enquire again nearer the time, but am leaning towards just letting it run and seeing where I get to when it goes back.

[Amateurish]

So a saving of £3 over the 2 years? I would have bitten their hands off!

[Amateurish]

JPJPJP said:

Spoke to Renault Finance today to enquire about extra miles over the agreed number on the original finance agreement.

Originally took car on 9k / yr at £102.93 per month and battery on 7.5k / yr at £50 per month

Excess is 7.5p per mile on each, so 15p per mile overall

To increase battery to 9k, in line with car, would increase battery lease to £87 per month. This can be done up to 3 months before the end of the agreement.

That would work out at 7.4p per mile.

I will enquire again nearer the time, but am leaning towards just letting it run and seeing where I get to when it goes back.

Hang on, that's £37 per month for an extra 125 miles! 30p per mile!

[anonymous-user]

Amateurish said:

Hang on, that's £37 per month for an extra 125 miles! 30p per mile!

It is 3 months @ £37 per month = £111 for 1500 miles extra in total, that is 7.4p per mile. The key to it is this phrase "You can change the mileage and terms of the agreement at any time until 3 months before the end of the hire term."

The original battery lease was £50 a month for 7,500 per year = £1200 for 15k miles = 8p per mile. That has now gone up to £80 per month on a 24 month agreement = £1920 or 12.8p per mile

Which is a shame, because that means the battery now costs more than diesel / petrol would on many vehicles

You can see the prices here https://www.renault.co.uk/services/renault-finance...

[lost in espace]

We have a 10k agreement but probably going to end up with 25k on it at the end of the 24 months, am I best to adjust the battery rental?

[kent_phil]

JPJPJP said:

Spoke to Renault Finance today to enquire about extra miles over the agreed number on the original finance agreement.

Originally took car on 9k / yr at £102.93 per month and battery on 7.5k / yr at £50 per month

Excess is 7.5p per mile on each, so 15p per mile overall

To increase battery to 9k, in line with car, would increase battery lease to £87 per month. This can be done up to 3 months before the end of the agreement.

That would work out at 7.4p per mile.

I will enquire again nearer the time, but am leaning towards just letting it run and seeing where I get to when it goes back.

Why would you lease the battery for a different mileage to the car? I've seen this a few times and there is clearly something I'm missing...

Cheers,

Phil

[lost in espace]

I am fairly sure ours is 5p battery 8p car, on 10K pcp. Works out about the same as fuel in our A6 TDI, might as well pile the extra miles on the Zoe.