The Pointless Page

Posted on 15/01/2018 15:28 by cyberyacht

The savings of £2500 on fuel is offset by the capital repayments on the car as well, so the net gain of the EV is zero and also with a clapped out battery at the end of the repayment period, so the residual value of the vehicle is doubtful.

Posted on 15/01/2018 15:33 by Yertiz

But YOU are paying £17,000 unless you've taken out a loan for the total amount? 

Posted on 15/01/2018 15:28 by cyberyacht

The savings of £2500 on fuel is offset by the capital repayments on the car as well, so the net gain of the EV is zero and also with a clapped out battery at the end of the repayment period, so the residual value of the vehicle is doubtful.

Posted on 15/01/2018 15:38 by

No idea about that or whether there is an ownership option at the end of term. Might also be a 7,000 mile cap and excess mileage charges. Who knows as many offers from Smart are set like that

Posted on 15/01/2018 15:40 by Yertiz

"You forget that they're getting £21,500 from me"

Which bit is irrelevant in that statement then?

Posted on 15/01/2018 15:43 by

No. The salesman knows from the mileage of the existing Smart that I do 12,000 miles a year and the finance agreement is based on that.

Posted on 15/01/2018 15:31 by

I will probably change for a newer more technologically improved model before it gets to that stage, CY! Don't forget, you don't have to make the £5000 balloon payment at the end. You have the option to trade it in for a new model with a new finance agreement.

Posted on 15/01/2018 15:48 by

They get £21,500 for the successful sale of the Smart Electric regardless of who pays. That is what is relevant to them and their business!