Are you looking for an urban and all-electric SUV for your daily commute without spending a fortune each month? Hyundai offers Kona Electric from 139 euros per month. Pretty interesting funding for an equally interesting car. Decryption.
If you are looking for a new car, your sales consultant has probably already told you about the financing he offers, in particular in LLD or LOA: long-term leases and leases with an option to buy. It is easy to distinguish between them: in both cases, you “rent” the car for a period determined when signing the lease.
The difference between these two rental offers comes at the end of the contract, after 3, 4 or 5 years. With a LOA (Lease with Option to Buy), you will have the choice between exercising the option to purchase (previously determined when signing the contract) or returning the car. LLD (Long Term Lease) does not include the option to purchase at the end of the contract. In other words, you are returning the car.
In this section, we offer you a breakdown of the offers at the moment. We are going to take a closer look at the conditions that need to be met and whether, economically speaking, this financing may be suitable for your use of the vehicle.
And today, having deciphered the offer of Škoda Enyaq iV at a price of 299 euros per month, Kia EV6 at a price of 297 euros per month, MG ZS EV at a price of 99 euros per month, Peugeot e-208 at a price of 149 euros/month. per month, Renault Mégane E-Tech for 248 euros per month, Volkswagen ID.3 for 229 euros per month, Renault Twingo E-Tech for 79 euros per month, Tesla Model 3 for less than 400 euros per month, Mini Electric from € 350 euros per month, now it’s Hyundai Kona Electric’s turn from 139 euros per month.
Which model of Hyundai Kona Electric is available for less than 150 euros per month?
This offer is easy to find in two or three clicks on the manufacturer’s website. At Hyundai, electrified models and even 100% electric models are now ubiquitous. Kona Electric is the star of the Korean firm, and it must be said that it is a hell of a success, as we were able to note in our test.
Therefore, Kona Electric is displayed from 139 € / month. But what do we have at this price? We have a Kona Electric with a 39kWh battery in “Intuitive” trim. Unsurprisingly, this is the model with the smallest battery and basic trim. But, as is often the case with Korean manufacturers, the standard equipment is not bad, on the contrary. By default we find this equipment:
- Automatic switching on of lights
- Active lane keeping assistance
- Autonomous emergency braking with pedestrian detection
- Active Lane Keeping Assist
- Rear Passenger Presence Alert
- emergency call
- LED daytime running lights
- LED front position lights
- 17″ alloy wheels
- Height-adjustable driver’s seat
- Power windows front and rear, sequential driver’s side
- Automatic air conditioner
- Automatic defogging sensor
- Speed controller
- driving modes
- Speed limiter
- Rear View Camera
- Steering wheel audio control
- Bluetooth connection
- Hands-free access and keyless start
- Modular trunk floor
- Media and Connectivity
- 10.25″ Digital Counters
The car is equipped with an electric motor with a capacity of 136 horsepower and a torque of 395 Nm. The battery with a capacity of 39 kWh provides a range, according to the WLTP cycle, of 305 kilometers.
Basic, not immediately custom, it’s not white or gray, but a pretty blue tint called Jeju Dive, all with cute 17-inch rims. From a purely aesthetic point of view, this model is not an entry-level model. On the other hand, if you want to add one or two options (including colors), you are immediately out of the offer and the monthly payments increase.
What are the conditions for participating in the Hyundai Kona Electric LLD offer?
This is a long-term rental offer for more than 37 months and a maximum of 30,000 kilometers. The website states that the offer for €139 per month is subject to a €2,400 fee. The contribution is actually €10,400, but it is absorbed by the €6,000 environmental bonus and the €2,500 conversion bonus, which requires the old car to be scrapped.
To qualify for a conversion bonus, the old diesel or petrol vehicle must be scrapped. The old scrapped vehicle must be a car or van with a gross weight not exceeding 3.5 tons. The date of first registration of this vehicle must be before 2011 for diesel and before 2006 for gasoline.
The vehicle must also have been owned by the beneficiary for at least one year. And finally, the reference unit tax income shown on your previous year’s income tax notice must be less than or equal to 13,489 euros.
How much will a Hyundai Kona Electric LLD offer cost you?
For three years of rent, your Hyundai Kona Electric will set you back €7,404. Hyundai lists on its website a vehicle valued at €36,400 or more, the €6,000 environmental bonus is non-deductible. This gives us, in the end, a car with a list price of 30,400 euros.
Thus, starting from this price, for three years you will pay 23.5% of the value of your car. This is really not much, given that the discount on this type of car for three years is between 30 and 35%. Since the offer is not a LOA, there is no option to buy back the vehicle. It must be returned at the end of the lease.
Beware of repair costs, which are always expensive at the time of return. We advise you to do it earlier at the bodybuilder, it will cost you less than at the dealer. If you return the car to your dealer after LLD, they will also be less careful about repair costs.
What are the benefits of offering Hyundai Kona Electric LLD
The price, no doubt, since paying 139 euros a month for such a successful urban SUV is actually not bad, far from it. The equipment is correct, even if it lacks some essentials such as parking aids available as an option.
The Hyundai Kona Electric benefits from driving pleasure, a decent level of comfort, as well as plenty of good spirits thanks to its 136 horsepower and, above all, 395 Nm of torque. With its reduced size and elevated position, the Kona fulfills all the requirements of a modern urban SUV. Autonomy is also correct, more than 300 km are declared, and even more for strictly urban use.
What are the disadvantages of the LLD Hyundai Kona Electric offer?
As usual, 30,000 km in three years is, perhaps, a lot. Autonomy is suitable for everyday use, a little less for more versatile use. On the highway, even if the Kona Electric has a fairly controlled appetite for electrons, you should expect an autonomy of 220 to 240 km.
Another disadvantage is the conditionality of the conversion bonus. As you saw above, there are many conditions, and, ultimately, few clients will tick all the boxes. Of course, this will not stop you from buying Kona Electric from LLD, but the rent will not be the same. On the other hand, it will always be possible to purchase a model of this type for less than 200 euros per month. Which is still good considering the product.
To follow us, we invite you to download our app for Android and iOS. You can read our articles, files and watch our latest YouTube videos.