[Jorma]

As we head into September the industry begins to gear up for its busiest time of the year, new model year releases. Now the question is how does one maximise the rush of showroom traffic amid the hullabaloo?

Peugeot is banking on an array of refined finance offers to entice. I reckon for a vehicle of the 108's calibre and standing the most popular will be "Just Add Fuel". For those unfamiliar JAF is a personal lease programme which covers all but fuel inputs. Insurance, tax, warranty, roadside and service are rolled into one convenient package.

Peugeot has not announced numbers for the 108 5 Door, but they have for the 108 3 door.

108 3 Door Access:

35 MONTHLY RENTALS: £119
BASED ON AN OTR OF: £8,245
INITIAL RENTAL: £2,135
TERM OF AGREEMENT: 37 MONTHS
OPTIONAL FINAL RENTAL: £4,922
ANNUAL MILEAGE: 6,667
OFFER: NEW MODEL

108 3 Door Active:

35 MONTHLY RENTALS: £139
BASED ON AN OTR OF: £9,745
INITIAL RENTAL: £2,534
TERM OF AGREEMENT: 37 MONTHS
OPTIONAL FINAL RENTAL: £5,073
ANNUAL MILEAGE: 6,667
OFFER: WHITE PAINT

108 3 Door Allure:

35 MONTHLY RENTALS: £169
BASED ON AN OTR OF: £10,995
INITIAL RENTAL: £2,236
TERM OF AGREEMENT: 37 MONTHS
OPTIONAL FINAL RENTAL: £5,600
ANNUAL MILEAGE: 6,667
OFFER: NEW MODEL

While the JAF offers are certainly attractive do your own arithmetic. For example 35 monthly payments of £169 works out to £5915, or just over half of the on the road price...

 

[BigWords]

Seems like a convenient package to buy. I'll probably go for it. I can't see why you would pass it up.

 

[kingston]

i can see why so many people would go for this, many perks to it, it's even more attractive to people who don't know that much about cars.

 

[Jorma]

I've read that the 108 will keep 42% of its value over the first 3 years, you're paying out more to the factory than the vehicle will depreciate. Granted you will also be covering maintenance and insurance costs, but IMO you're still losing money compared to if you bought the 108 and sold it 3 years later...

 

[rabiani]

JAF is what I went for. Works out a lot better considering I'm a young driver and insurance is always an issue.

Got a discount on the monthly premium too

 

[Jorma]

JAF is what I went for. Works out a lot better considering I'm a young driver and insurance is always an issue.

Got a discount on the monthly premium too

Good for you! Would you care to share some details > the JAF programs are certainly designed to capture a younger market, JAF or a used ford

 

[rabiani]

Would you care to share some details >

Initial deposit of £1,500. Monthly £150. I can't remember what the final rental/buy figure was now. I'm under 25, with 2 yrs NCB living in an high insurance area.

I was split between the C1 and 108. Thankfully the showroom I was at has both displayed - its one building with both Citroen and Peugeot side by side.

The guy decided to throw in GAP insurance, Supagard and reduce the monthly rental fee by £30 when I said - I'm going to go get a quote from Citroen.

 

[LEM]

That is a really good deal. Insurance alone would normally be more than that per month.

 

[wellfan]

That is a really good deal. Insurance alone would normally be more than that per month.

Crikey where do you live? Or do you have a poor driving record?
£100 annually at most for me to insure a 108.

 

[Newalk]

Where do you live Wellfan and who'd you insure it with????? I'm a female, max no claims and my best quote was £275.
I've been on passport with the service plan for a few years as there's no upfront cost but the JAF deal looks good.

 

[Mr Drizz]

I've got a similar deal but through a salary sacrifice scheme through work.
No initial down payment, £215 a month (after tax adjustment)
All the above with annual mileage allowance of 12K and option to buy after 3 years.

 

[wellfan]

So, £7740 you have paid after 3 years. Not sure what model of 108 you have. But surely that is a shed load of money to pay. Interesting to know what the final payment is likely to be!
That looks like double any reasonable PCP would be.