 | Home > Off Topic > France and Germany subsidies make EVs "almost free" |
 
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| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018   
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https://auto.hindustantimes.com/auto/news/...23068.html
"France and Germany have sought to soften the coronavirus pandemic’s blow to the badly hit car sector with generous subsidies. With both the governments' boost for electric vehicle incentives, their purchase subsidies are now among the most favorable in the world." "The state support is allowing Autohaus Koenig, a dealership chain with more than 50 locations across Germany, to advertise a lease for the battery-powered Renault Zoe that is entirely covered by subsidies. In the 20 days since it put the offer online, roughly 3,000 people have inquired and about 300 have signed contracts." What's the catch?  |
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16th Jul 2020 6:46am |
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| rockster57 Member Since: 15 Nov 2014 Location: West Yorkshire Posts: 937 
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Here we are......
Buyers will have to read the fine print, as some offers come with additional one-time fees or down payments. (from the linked article). |
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16th Jul 2020 7:06am |
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| Grenadier Member Since: 23 Jul 2014 Location: The foot of Mont Blanc... Posts: 5878  
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I’m waiting for the same offer to be made on the Porsche Taycan
 Monsieur Le Grenadier
I've not been everywhere, but it's on my list..... 2011 Puma 110DC - Corris Grey |
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16th Jul 2020 7:09am |
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| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
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"“This is a golden moment for us," said Rainer Westdoerp, a spokesman for the Berlin-based startup, which on Wednesday will start offering leases of Daimler AG’s battery-powered Smart EQ for 9.90 euros a month."
Wouldn't mind that deal in the UK... |
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16th Jul 2020 7:21am |
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| familymad Member Since: 13 Dec 2011 Location: Bucks Posts: 3481  
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The deals are still out there. We had two 40kw Nissan Leafs with no deposit and £122.13 a month on a PCP for 24 months and 10k pa miles.
Came to end and the GFV was subsidised to death and was £8500 on e1ch one. I bought them both and flogged to WBAC at 13k each. So each one paid me £1550 to own it  1951 80" S1 2.0
1995 110 300TDI 1995 90 300TDI |
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16th Jul 2020 8:08am |
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| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
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How are you doing that sum?
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16th Jul 2020 11:43am |
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| camelman Member Since: 27 Feb 2013 Location: Peak District Posts: 3386
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4.5k profit on sale - 2 years worth of payments @£122/month ??
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16th Jul 2020 11:49am |
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| Swine&Small Member Since: 20 Mar 2017 Location: Norfolk Posts: 1223
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I assume he is calculating
£122.13 x 24 = £2931.12 plus cost £8500 =£11431.12 , Sale proceeds £13000 = Net profit £1568.88 or that is the way I would do it  1983 Series 3 Pick up in Marine Blue
1967 Morris Traveller 1966 Morris Convertible 2012 VW T5 Camper Quod Abundat Non Obstat. |
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16th Jul 2020 11:49am |
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| RoadForce Member Since: 17 Jul 2014 Location: Holland Posts: 342  
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The catch is you would have to go and live in either France or Germany...
 Defender 130 HCPU Td5 MY2000 |
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16th Jul 2020 5:38pm |
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| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
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Thank you both ~ not sure why I couldn't see that straight away, but then I say the same thing to Rachel Riley every day
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17th Jul 2020 4:37pm |
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| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
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More perverse deals:
Matthias Schmidt (@auto_schmidt) Tweeted: A new level of absurdity in German electric car leasing rates? Business rate for an Opel Mokka... €49- per month. https://t.co/p3FwUp3nPv https://twitter.com/auto_schmidt/status/1314967105490616320?s=20  Click image to enlarge |
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11th Oct 2020 8:03am |
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