The Renault Megane E-Tech electric is now complementing its zero-emissions-in-use with an equally attractive range of 0% APR representative finance options.
Until 1st July 2024, the all-electric model is available with a choice of 0% APR Representative Personal Contract Purchase (PCP) or Hire Purchase (HP) offers, both of which spread the cost over a four-year payment period.
Applicable across the entire range, the offers are even more appealing with the addition of significant deposit contributions. PCP customers who place a 10% minimum deposit receive a further £1,000 contribution from Renault, while those who finance their new Megane E-Tech electric via HP receive a £4,500 contribution towards a minimum deposit of 40%.
Both finance options make switching to an award-winning, pure-electric vehicle more affordable than many may imagine. This also builds on the OTR cost of all MY25 versions of the Megane E-Tech electric recently being lowered by £500 due to production efficiencies.
Via the 0% APR Representative, four-year PCP deal, the Megane E-Tech electric is available for £307 per monthfollowing a customer deposit of £3,450*. As well as an additional £1,000 deposit contribution, the offer also includes a free Mobilize charge pass card, which provides access to over 24,000 public charge points in UK, unlocking access to the second largest charging network (includes Instavolt, Ionity, Source London, Shell Recharge to name a few). For those customers doing large amounts of motorway driving, there is an option to pay £4.99 a month that unlocks 9% discount across the whole charging network and specifically £0.43p per kWh on Ionity, a saving of £0.35p per kWh.
Alternatively, those PCP customers who place a 25% deposit could get behind the wheel of the Megane E-Tech electric evolution for £199 per month1.
The 0% APR Representative, four-year HP offer sees customers own the Megane E-Tech electric outright for £450 per month following an initial minimum deposit of 40%2.
Motability and fleet customers also benefit from the new offers. There is now no advance payment for Motability customers of the techno MY25 version, while for the top-of-the-range iconic is lowered from £695 to £495 on MY25. Motability will also supply a complimentary wall box or BP Pulse charge card to help customers enjoy a convenient charging experience, while eligible customers who are new to the scheme can receive an additional £750 from the organisation.
Fleet buyers now enjoy a significantly lower monthly payment on the Business Contract Hire (BCH), three-year deal for the flagship iconic version, which is exclusively available with such features as 20-inch enos alloy wheels, titanium F1 blade and around-view 3D camera. With an initial rental of £2,064 plus VAT – which is also lower than before – it is available for £344 plus VAT per month, which is a saving of £68 plus VAT on the previous monthly cost.
The numbers work when it comes to charging the Megane E-Tech electric, too. With the energy cap anticipated to be set at 22.36p per kWh from July, the cost of a full charge is set to fall by 7% to £14.16 which works out at just 5.4p per mile for its official 280-mile range (WLTP). Using a low rate 7.5p per kWh tariff optimises the savings, with a full charge costing £4.50 and equating to only 1.6 per mile.
In comparison, an equivalent petrol car that has a 52-litre fuel tank and achieves 46 mpg would cost £78.52 to fill up at current average pump prices (£1.51 cost per litre), resulting in a cost per mile of 15p per mile.
For further information on the Megane E-Tech electric and available offers, please visit www.renault.co.uk
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*Renault Megane E-Tech electric equilibre EV60 220hp Optimum Charge – representative example
Cash price | £34,495 |
Customer deposit | £3,450 |
Deposit contribution | £1,000 |
Total amount of credit | £30,046 |
Monthly payments | £307 |
Optional final payment | £15,326 |
Total amount payable | £34,495 |
Cost of credit | £0 |
Duration | 48 months |
Representative APR | 0% APR |
Fixed interest rate p.a. | 0% |
Annual mileage | 6,000 miles |
Terms & conditions
1Megane E-Tech electric equilibre, £8,624 customer deposit, deposit contribution of £1,000 over 48month term. Minimum customer deposit of 10% ex deposit contribution required.
2 Megane E-Tech electric techno comfort range MY25, £9,898 customer deposit, deposit contribution of £4,500 over 48 month term. Minimum customer deposit of 40% inc. deposit contribution required.
Finance provided by Mobilize Financial Services, Rivers Office Park, Denham Way, Maple Cross, Rickmansworth, WD3 9YS. Subject to status. Guarantees and indemnities may be required. UK residents (excluding the Channel Islands) and over 18. Offer based on 6,000 miles pa, excess mileage 8p per mile inc VAT. Terms and conditions apply. Offers cannot be used with other schemes or finance offers. Prices and offers shown are available on specified new vehicles when ordered between 24th May - 1st July 2024, registered & financed by 30th September 2024. 0% . Participating dealers only. Renault dealer is a credit broker and not a lender. Lenders will pay commission to your Renault dealer, rates may vary but will not influence the interest rate you pay.