Looking for an urban, 100% electric SUV for your daily commute, all without spending a fortune every month? Hyundai offers its Kona Electric from €139/month. Quite interesting financing for an equally interesting car. Decryption.
If you’re looking for a new car, your sales consultant has certainly told you about the financing they offer, particularly 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 at the time of signing the rental agreement.
The difference between these two rental offers appears at the end of the contract, after 3, 4 or 5 years. With the LOA (rental with option to buy), you will have the option to exercise the option to buy (previously defined at the signing of the contract) or return the vehicle. 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 a decryption of current offers. Let’s take a closer look at the conditions to be met and whether, in economic terms, this financing may be suitable for the use you will have of the vehicle.
And today, after having deciphered the offer for the Škoda Enyaq iV available from €299/month, the Kia EV6 from €297/month, the MG ZS EV from €99/month, the Peugeot and – €208 at €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, Mini Electric from €350/month, now it’s 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, and even 100% electric, models are now ubiquitous. Kona Electric is the star of the Korean company, and it must be said that it is quite 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 an “Intuitive” finish. Unsurprisingly, this is the model with the smallest battery and the basic finish. But, as is often the case with Korean manufacturers, the standard equipment is not bad, quite the opposite. As standard, we find these equipments:
- Automatic lighting of lights
- Active lane keeping assistant
- Autonomous emergency braking with pedestrian detection
- Active lane keeping assistant
- 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, driver’s side sequential
- automatic air conditioning
- Auto defog sensor
- speed governor
- driving styles
- speed limiter
- Reverse camera
- Steering wheel audio controls
- Bluetooth connection
- Hands-free access and keyless start
- Modular trunk floor
- Multimedia and connectivity
- 10.25″ digital counters
The car is equipped with an electric motor producing 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 kilometers.
Basic as it’s not custom it’s not a white or gray color but a lovely blue shade called “Dive in Jeju”, all with gorgeous 17 inch rims. From a purely aesthetic point of view, this model is not a basic 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 increase.
What are the conditions to qualify for the Hyundai Kona Electric LLD offer?
This is a long-term rental offer of more than 37 months and a maximum of 30,000 kilometers. The website indicates that the offer of €139/month is subject to a contribution of €2,400. 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 gasoline vehicle must be scrapped. The old scrapped vehicle must be a car or van with a gross vehicle weight of no more than 3.5 tonnes. The date of 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 invoice for your income from the previous year must be less than or equal to €13,489.
How much will the Hyundai Kona Electric LLD offer cost?
Over a three-year lease, your Hyundai Kona Electric will cost you €7,404. Hyundai displays its car from 36,400 euros on its website, ecological bonus of 6,000 euros not deducted. This gives us, in the end, a car displayed at the list price of 30,400 euros.
From this price, you will therefore pay, over three years, 23.5% of the price of your car. That’s really not much, considering a three-year discount for this type of car is between 30 and 35%. As the offer is not an LOA, there is no option to repurchase the vehicle. 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 a bodywork, it will cost you less than at a dealership. If you take a vehicle back to your dealer after your LLD, they will also be a little less careful about repair costs.
What are the benefits of the Hyundai Kona Electric LLD offer
The price, no doubt, as paying €139/month for such a successful urban SUV isn’t really a bad deal, far from it. The equipment is correct, even if it lacks some essential items 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 very vitality thanks to its 136 horsepower and, above all, its 395 Nm of torque. With its small size and elevated position, the Kona fulfills all the requirements of the modern urban SUV. The range is also correct, with more than 300 km announced, and even more for strictly urban use.
What are the disadvantages of Hyundai Kona Electric’s LLD offering
As usual, the 30,000 km in three years is perhaps a little fair. Autonomy will be adequate for everyday use, a little less for more versatile use. On the road, even if the Kona Electric has a very controlled appetite for electrons, it will be necessary to expect between 220 and 240 km of autonomy.
The other downside is conversion bonus conditioning. As you’ve seen above, the conditions are myriad and ultimately few customers will tick all the boxes. Of course, that won’t stop you from buying a Kona Electric at LLD, but the rentals won’t be the same. On the other hand, it will always be possible to have a model of this type for less than €200/month. Which is still a good deal considering the product.
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