Honda e:ny1 PCP deals
Discussion
richatnort said:
I’ve just been to Honda to test drive is and I must admit for the price is absolutely stonking tbh. It has some compromises like the sloped roof could make getting stuff in difficult but for my needs for a second car that will 80% used in and around town it’s a bit of a no brainer.
Somethings to note:
1. Out of the free colour paint choice (black)
2. Advanced isn’t that much of an upgrade but for circa £3/40 with metallic it seems with it
3. Tyres are 255/50/r18 if anyone wants to price up a set of new tyres
4. Annoyingly no memory seats so if you have two different people with different seat controls it could becoming annoying and slow to change it.
5. Windows in the rear don’t go all the way down.
6. Includes 5 year breakdown, warranty & service pack for free
If anyone needs a quote for their local dealer to match let me know as I have one from Johnson’s now I am happy to forward if you email me. My local wanted a proper Honda quote to match not what it says on here
My deal is:
E NY1 advance + metallic
£8000 from dealer
£3500 from Honda
£1000 from me
= £268.20 a month for 36 months
Glad to hear you had a good experience at Honda - I have only seen one e:ny1 (on display at the Festival of Speed) and it was locked. Puzzled about the tyre size as the internet says they are 225 x 50 R18.Somethings to note:
1. Out of the free colour paint choice (black)
2. Advanced isn’t that much of an upgrade but for circa £3/40 with metallic it seems with it
3. Tyres are 255/50/r18 if anyone wants to price up a set of new tyres
4. Annoyingly no memory seats so if you have two different people with different seat controls it could becoming annoying and slow to change it.
5. Windows in the rear don’t go all the way down.
6. Includes 5 year breakdown, warranty & service pack for free
If anyone needs a quote for their local dealer to match let me know as I have one from Johnson’s now I am happy to forward if you email me. My local wanted a proper Honda quote to match not what it says on here
My deal is:
E NY1 advance + metallic
£8000 from dealer
£3500 from Honda
£1000 from me
= £268.20 a month for 36 months
So, am I right in saying that the cost to the customer is £29145 (incl deposit paid) if you paid the optional final payment, seems pretty good.
Or £280 odd a month if you hand it back.
Like a lot of cars, a bit odd to price a tad over the £40k premium tax threshold, but that doesn’t matter as it’s an EV?
Edited by James6112 on Friday 19th July 06:32
joropug said:
My brother has just ordered one, went for the optioned model in blue.
£0 deposit 36x £289 think it was
Yes same for me but in pearl white (Advance model with glass roof, electric boot lid, heated wheel, parkpilot etc).£0 deposit 36x £289 think it was
James6112 said:
So, am I right in saying that the cost to the customer is £29145 (incl deposit paid) if you paid the optional final payment, seems pretty good. Or £280 odd a month if you hand it back. Like a lot of cars, a bit odd to price a tad over the £40k premium tax threshold, but that doesn’t matter as it’s an EV?
Yes thats correct (the Elegance base model is in this example). Luxury car tax for EV's doesn't apply until cars registered April next year.Alex Z said:
What’s the mileage limit on that?
6,000 miles if you choose to hand it back at the end of the term. Around 10.5p (+ VAT)/mile for overs.Update - Johnsons apparently still have some allocation for these cars but seem to be going fast and colours running out now. I believe Brindley have sold their allocation.
Edited by Mark V GTD on Friday 19th July 13:10
The extra VED for 6 yrs if >£40k does not apply until 1/4/25. Only applies to NEW cars.
There was a thread purely about the e:Ny1 that ran to many pages but it was the one that began at the end of Feb with the Brindley Honda offer at £179 p.m. or a black one, and extended into March with other dealers.
I have one, all 4 tyres are 225/50 x 18. Not an unusual size these days, and if I need a set in under 18k miles, I'd be a bit disappointed TBH.
ETA: The excess mileage charge is likely plus VAT so at over 13p per mile + charging costs (even if cheap and at home on an EV tariff), it's the cost of doing about 40 mpg in an ICE car.
There was a thread purely about the e:Ny1 that ran to many pages but it was the one that began at the end of Feb with the Brindley Honda offer at £179 p.m. or a black one, and extended into March with other dealers.
I have one, all 4 tyres are 225/50 x 18. Not an unusual size these days, and if I need a set in under 18k miles, I'd be a bit disappointed TBH.
ETA: The excess mileage charge is likely plus VAT so at over 13p per mile + charging costs (even if cheap and at home on an EV tariff), it's the cost of doing about 40 mpg in an ICE car.
Edited by sixor8 on Friday 19th July 08:23
Mark V GTD said:
6,000 miles if you choose to hand it back at the end of the term. Around 11p/mile for overs.
Update - Johnsons still have some allocation for these cars but seem to be going fast and colours running out now. I believe Brindley have sold their allocation.
I think he expects to do 7000 but kept it to the standard 6000 amount as the pence per mile was alright. Update - Johnsons still have some allocation for these cars but seem to be going fast and colours running out now. I believe Brindley have sold their allocation.
Edited by Mark V GTD on Friday 19th July 08:15
We are in Bournemouth the closest dealer he could get one from was Eastleigh, they had £1,000 deposit but price matched the dealer in Scotland from the other thread (thanks to whoever posted that, I shared the deal from that thread and the extra £1,000 off sealed the deal.
Most of the current crop of deals amount to pretty much the same price once deposit, monthlies and final payment are added together and they are all zero APR - just dependent on how the cake is cut. The February deals at £179/mnth had a very high final payment but the overall cost was about £900 higher than the current deals.
I note that the finance house has now realised the GFV (balloon) was unrealistic previously. Mine in March 2027 is £26,111. On the offer above, it's £22k; it's why the previous deals won't be repeated, perhaps on a nearly new one. 
You can get them under 12 months old with low mileage from a Honda dealer with the balance of the 5 year stuff for £27k.
https://www.autotrader.co.uk/car-details/202404249...
You can get them under 12 months old with low mileage from a Honda dealer with the balance of the 5 year stuff for £27k.
https://www.autotrader.co.uk/car-details/202404249...
sixor8 said:
You can get them under 12 months old with low mileage from a Honda dealer with the balance of the 5 year stuff for £27k.
You can - although in this day and age the actual list price or screen price of a car is becoming less and less relevant and its all about the deposit/monthlies. I don't expect to have any equity left in mine at the end of the 36 months (the final payment being £20,700) so I assume I will just hand it back. But values could recover as we move towards 2030 and there might be enough in it to sell up early. To be honest I'm fed up with having a car with equity sitting on the drive and would rather just pay a lower monthly amount and hand it back. Thats why this zero deposit deal appealed to me.sixor8 said:
ETA: The excess mileage charge is likely plus VAT so at over 13p per mile + charging costs (even if cheap and at home on an EV tariff), it's the cost of doing about 40 mpg in an ICE car.
Yes thats correct - plus VAT.Edited by Mark V GTD on Friday 19th July 08:44
I'd be surprised if anybody is actually considering the full overall cost of a PCP on a eNy1, handing it back will be my decision and perhaps I'm wrong, but what the vast majority will do, and always planned to do.
I'd been considering an EV for a while and whilst used cars are my usual fayre and I've done minor maintenance and repair myself for nearly 40 years, it's the concern of battery faults or failure (overblown I expect) that led me to consider one with a warranty. The cheapness and 5 yrs breakdown, servicing and warranty included, I missed out on the first very cheap ones for 2 yrs but went with a 3 yr deal at North Way Honda. Even here, the black ones at £199 went first so I had a white one for £210 p.m. (6k miles)
I consider it renting a new car with low running costs and everything else free for £50 per week for 3 years. Granted, VED is coming in, but my renewal in March 2025 will be £0. I'll have to but it in 2026.
I'd been looking a £200 p.m.as a 'target,' like many others, but having had it for almost 4 months now, I'd have been happy with £260 ish like they are now, having experienced it. I can charge at home though, on Octopus Go at night (8.5p per kWh), friends have have asked about it with curiosity, and my only advice to them has been, only have an EV if you can charge at home. On the occasion I needed a fuller battery and had to charge at the day rate of 26.4p in April (lower now), it was still the same cost as an ICE car doing 93 mpg.
ET: Mine was actually 5.7% on the amount lent, but as I mentioned, the GFV after 3 yrs is £26,111, which is fanciful, but reduced the payments. They've probably had to go 0% to make the payments attractive.
I'd been considering an EV for a while and whilst used cars are my usual fayre and I've done minor maintenance and repair myself for nearly 40 years, it's the concern of battery faults or failure (overblown I expect) that led me to consider one with a warranty. The cheapness and 5 yrs breakdown, servicing and warranty included, I missed out on the first very cheap ones for 2 yrs but went with a 3 yr deal at North Way Honda. Even here, the black ones at £199 went first so I had a white one for £210 p.m. (6k miles)
I consider it renting a new car with low running costs and everything else free for £50 per week for 3 years. Granted, VED is coming in, but my renewal in March 2025 will be £0. I'll have to but it in 2026.
I'd been looking a £200 p.m.as a 'target,' like many others, but having had it for almost 4 months now, I'd have been happy with £260 ish like they are now, having experienced it.
I can charge at home though, on Octopus Go at night (8.5p per kWh), friends have have asked about it with curiosity, and my only advice to them has been, only have an EV if you can charge at home. On the occasion I needed a fuller battery and had to charge at the day rate of 26.4p in April (lower now), it was still the same cost as an ICE car doing 93 mpg.ET: Mine was actually 5.7% on the amount lent, but as I mentioned, the GFV after 3 yrs is £26,111, which is fanciful, but reduced the payments. They've probably had to go 0% to make the payments attractive.
Edited by sixor8 on Friday 19th July 09:20
sixor8 said:
I'd be surprised if anybody is actually considering the full overall cost of a PCP on a eNy1, handing it back will be my decision and perhaps I'm wrong, but what the vast majority will do, and always planned to do.
I always work out the full price payable, including the balloon with a PCP, or PCH as its the easiest way of comparing deals. PCP's are complex things inasmuch as there are more variables compared with PCH. The high final payment of the earlier £179/month deal will almost certainly result in negative equity and the majority of customers handing their cars back at the end of the term (and appearing on Honda dealers used stock lists). A lower 'balloon' payment such as that with the current deals results in higher monthlies but at the same time provides a higher chance of potential equity developing, possibly in the final year. That then means you can potentially get out of the arrangement early if required and don't have to worry about the excess mileage charge. If values have plummeted you do still have the option of hand back at the end - so I feel a bit more comfortable with the current lower final payment but on balance I guess the £179 deals were better in the real world.James6112 said:
Sounds good
A dealer is 5 miles from here, test drive booked for this afternoon!
Good luck - please let us know how you get on. I have never even sat in one!A dealer is 5 miles from here, test drive booked for this afternoon!
joropug said:
I haven’t seen it my brother said it was slightly less sporty to drive than the ID3 but the interior was 100x better
I had a 2022 id3 and it was like being in a 2000 era Peugeot with very basic looking info screens - didn't like it. CG2020UK said:
I think Honda are on to a winner here and these deals will pay off long term.
They are certainly getting them out the door - and in two to three years time may end up with a healthy level of used stock as the PCP's are returned.Edited by Mark V GTD on Friday 19th July 13:08
WillB said:
CG2020UK said:
Deals on these are amazing.
I think Honda are on to a winner here and these deals will pay off long term.
They are desperate to get rid of them, to avoid the fines, as no-one is buying them new.I think Honda are on to a winner here and these deals will pay off long term.
How are they 'on to a winner' and how will it pay off long term??
They are selling cars that they likely would not have sold therefore increasing revenue.
They are avoiding fines as you state reducing costs.
They are now manufacturing at a larger scale likely providing opportunities to reduce costs.
They are getting their products into potentially new customers hands who they maybe would not have previously. This gives opportunities in terms of customer retention for the next car.
More cars on the road will give a Honda more credibility and having a popular product in an emerging market (EV) also gives credibility eg: Tesla.
More cars on the road at a very basic level is marketing it’s why cars have badges.
Access to a wider pool of data for any future endeavours.
Long term Honda has made their money they don’t care what happens to the used price as they can always sell these cheap and just have ongoing revenue from servicing and maintenance.
What seems to be the negatives consequences that you envision for it to be a bad decision?
CG2020UK said:
Very basic and quick 1min off the top of my head:
They are selling cars that they likely would not have sold therefore increasing revenue.
They are avoiding fines as you state reducing costs.
They are now manufacturing at a larger scale likely providing opportunities to reduce costs.
They are getting their products into potentially new customers hands who they maybe would not have previously. This gives opportunities in terms of customer retention for the next car.
More cars on the road will give a Honda more credibility and having a popular product in an emerging market (EV) also gives credibility eg: Tesla.
More cars on the road at a very basic level is marketing it’s why cars have badges.
Access to a wider pool of data for any future endeavours.
Long term Honda has made their money they don’t care what happens to the used price as they can always sell these cheap and just have ongoing revenue from servicing and maintenance.
What seems to be the negatives consequences that you envision for it to be a bad decision?
If this was that simple, why would other manufacturers not follow suit?They are selling cars that they likely would not have sold therefore increasing revenue.
They are avoiding fines as you state reducing costs.
They are now manufacturing at a larger scale likely providing opportunities to reduce costs.
They are getting their products into potentially new customers hands who they maybe would not have previously. This gives opportunities in terms of customer retention for the next car.
More cars on the road will give a Honda more credibility and having a popular product in an emerging market (EV) also gives credibility eg: Tesla.
More cars on the road at a very basic level is marketing it’s why cars have badges.
Access to a wider pool of data for any future endeavours.
Long term Honda has made their money they don’t care what happens to the used price as they can always sell these cheap and just have ongoing revenue from servicing and maintenance.
What seems to be the negatives consequences that you envision for it to be a bad decision?
Why wouldn't Honda not do that for the CRV and the Civic, both of which have monthlies more than twice that of the E:ny1
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