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Seen the Peugeot ‘Just add fuel’ advert on TV and want a review of how the numbers work with a just add fuel calculator?
Here at moneybarn we’ve put together a similar type of package – but with the added benefit of actually owning the car at the end of the term!
Lets take Peugeot’s just add fuel deal on a Peugeot 107 with almost identical cars (107 1.0 Envy), with the only difference being that the one I’ve found is a 2 month old demonstrator at an Peugeot franchised dealership..
Peugeot ask for a £1,664 initial payment
moneybarn ask for a £995.17 inital payment, freeing up £668.83 of your hard earned cash to put towards insurance costs
Peugeot ask for £184.00 in monthly payments over 3 years
moneybarn ask for £188.78 monthly payments over 3 and a half years
Peugeot provide insurance cover as part of the just add fuel monthly payment
moneybarn would require you to insure the vehicle yourself. I got a quote for cover via Privilege for £297 per year, so £1,039.50 for the 3 and a half year term.
Peugeot provide roadside assistance for 3 years as part of the just add fuel deal
moneybarn would recommend AA membership (at comparable levels) which would cost £269.50 for 3 and a half years
Peugeot provide 3 years warranty up to 60,000 miles
moneybarn customers would enjoy the same warranty, less the 2 months the car I found has been used as a demonstrator.
Peugeot offer inclusive servicing over the 3 year deal
moneybarn customers would need to pay for three annual services – at a Peugeot main dealer this would cost £297 over the three years.
Peugeot include 3 years RFL into the Just Add Fuel deal
moneybarn customers would need to pay for 2.5 years RFL (one year included in price of demonstrator) – a total of £70.00.
So…what’s the real difference? Well, over the course of the agreement, a Just Add Fuel customer would pay whopping £8,288.00 and at the end of the agreement own nothing at all! Not only that, but the customer is restricted to just over 6,000 miles a year! The average is 12,000 per year and for every mile the Just Add Fuel customer goes over 6,667 miles, there’ll be a charge!
With moneybarn, you’d need to pay £7,927.50 for the car, plus £1,039.50 insurance, £269.50 for roadside assistance, £297 servicing and £70 in road fund licence. A grand total of £9,603 over three and a half years. So, the overall cost is £1,315 more, than Peugeot’s headline rate, but at the end of the agreement you’ll not only own the car, you’ll also have an asset worth around £3,000! Seems like a no brainer to me! Apply today – call 0845 50 50 192!