is this rental really a good deal?
After MG with its MG4 or Fiat with its 500th, it’s Renault’s turn to draw its 100% electric car at 100 euros per month. Let’s see together if this offer is a good deal and if there is not a wolf behind all this, especially since Renault offered the same product at 79 euros per month last year.
By the end of 2023, the government should announce the terms of its famous “social leasing”, that is to say the famous electric car at 100 euros per month promised by Emmanuel Macron during his last presidential campaign.
With the deadline fast approaching, some manufacturers have surfed on this trend to already present offers at 100 euros per month, like Fiat and its 500th, a long-term rental that we had moreover deciphered at its output, just like that of the MG4.
It is now the turn of Renault to offer its LLD at 100 euros per month. And what could be likened to “the deal of the century” for the electric Twingo is not really, since about a year ago, the diamond firm offered this same model at a more advantageous price : from 79 euros per month. Let’s see together what the terms are and if this offer is as attractive as the previous one, even if the amount of the monthly payments has increased.
The Renault Twingo offered at 100 euros per month
As often with this type of offer, this is the basic model, namely the “Authentic” finish for the Twingo E-Tech. It is exactly the same model that was offered on the previous offer at 79 euros per month. As standard, the car is fitted with the following equipment:
- Tinted glass
- Makao 15 inch hubcaps
- Dark upholstery with Kario patterns (implies Black ambience)
- Grained Black exterior mirrors
- Radio Connect R&Go with smartphone support compatible with the R&Go mobile application & Push to talk
- Folding rear seat
- Luggage cover
- Glove box closed
- Central door locking with remote control
- Electric front window
- LED daytime running lights
- Automatic lighting of lights
- Speed limiter
- Board computer
- Heated rear window
- Tire pressure detection
- Driver and passenger front and side airbags (head-thorax)
- Seat belt alarm (driver, passenger and rear seats)
- ISOFIX attachment to the rear seats
- Inflation and repair kit
- Alarm pre-equipment (accessory predisposition)
- Central locking of doors
- Grained Black side moldings
- Accelerated charging AC22
- Flexi load
- Charging cable bag
The car is equipped with a small electric motor 81 horses. Its battery with a capacity of 22 kWh gives it autonomy, according to the WLTP cycle of 190kmand up to 270 km only in urban use.
On the other hand, it changes in terms of the standard color, since on the previous offer, the car was basic white. On this one, you’ll be entitled to something a little more funky with this “Dragee Blue”, the only free color of the Twingo.
What are the conditions to be eligible for the Renault Twingo E-Tech LLD offer?
This is a long term rental offer over 37 months and 30,000 km maximum (against 22,500 km for the old offer). The site indicates that financing at 100 euros per month is subject to a contribution of 9,000 euros. This contribution does not include the deduction of the ecological bonus of 5,000 euros and the conversion bonus of 2,500 euros. Once these aids have been deducted, the contribution drops to 1,500 euros.
Good news already, Renault does not communicate on a bonus of 7,000 euros like other manufacturers, and that’s good since the tax conditions to reach this sum are complicated. On the other hand, you will not escape the conditions of the Conversion Bonus.
To qualify for this bonus, it is necessary to scrap an old model diesel or gasoline. The old scrapped vehicle must be a car or a van with a gross vehicle weight not exceeding 3,500 kg. The date of first registration must be before 2011 for diesels and before 2006 for petrols.
The vehicle must have belonged to the beneficiary for at least one year, while the reference tax income per share indicated on the tax notice of your income for the previous year must be less than or equal to 13,489 euros.
Compared to the previous offer at 79 euros per month, there was a contribution of 7,820 euros. This contribution did not include the deduction of the ecological bonus of 5,321 euros (ie 27% of the price of the car) and there was no conversion bonus. Thus, it fell to 2,500 euros, or 1,000 euros more than the current offer, which may explain the difference of around twenty euros in favor of the previous offer.
We should also specify, like the old offer, that the new includes three years of warranty, 24/24 assistance and maintenance included for one euro per month.
How much will the Renault Twingo E-Tech LLD offer cost you?
Over three years of lease, your Renault Twingo E-Tech will cost you €5,100 with maintenance, extended warranty over the rental period and assistance. Renault displays its Twingo connected from 20,250 euros on its site, ecological bonus of 5,000 euros deducted. By adding the conversion premium of 2,500 euros, the final bill amounts to €17,750.
Starting from this price, you will therefore pay, over three years, 28% of the price of your car. This roughly corresponds to the depreciation of a new car after approximately three years of use. As the offer is not an LOA, there is no option to buy back the vehicle. It must be returned at the end of the rental.
Beware of the cost of repairs, which are always expensive at the time of return. We advise you to do it before at a bodybuilder, it will cost you less than at a dealership. If you take a vehicle back to your dealer after your LLD, he will also be a little less careful about the costs of repairs.
Inflation has also been there
By comparing it with the old offer, we immediately notice that the prices of the Renault Twingo E-Tech have increased in a short time. Indeed, over three years of rental, the Renault Twingo E-Tech at the time cost 2,960 euros with maintenance, extended warranty over the duration of the rental and assistance.
Renault displayed its Twingo from 21,950 euros on its site, ecological bonus of 5,321 euros not deducted. In the end, this gave us a car displayed at the list price of 16,629 euros. By adding the conversion premium of 2,500 euros, the final bill amounted to 14,129 euros, i.e. 3,621 euros difference compared to now.
Admittedly, the amount of the bonus has (slightly) fallen for the Twingo in this case, but above all it has suffered from inflation too, especially since Renault is now communicating on a deducted bonus price, whereas at the t the time, the manufacturer displayed a non-deducted bonus rate.
A little over a year ago, with the offer at 79 euros per month and a contribution of 2,500 euros, you would have paid 20% of the price of the car over three years, compared to 28% with the new offer. Admittedly, Renault has revised the mileage in the contract by going from 22,500 over three years to 30,000 km, but that does not necessarily justify such an increase, especially since in practice the Twingo has not evolved technically and still presents a rather low autonomy today, even for a city car.
