New Peugeot 308 enjoys 9.3% residual value hike

Wednesday, October 9, 2013 - 11:00
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BOOST: New 308 to boost better RVs

Residual values projected for the new Peugeot 308 will be among the highest in the segment, according to CAP Monitor.

Up 9.3% on the outgoing 308, September 2013 residual value figures show the car is now ahead of several rivals and the segment average.

Revised BIK values have made the new 308 cheaper to run then class leaders, with service, maintenance and repair costs down.

Bob Grant, Whole Life Cost Manager at Peugeot, said: “The New 308 is the most competitive car we have ever launched because it combines so many virtues and a class-leading CO2 position.

“Weight reduction spearheaded by the new EMP2 chassis, many other weight-savings thanks to particular attention-to-detail features, improved aerodynamics and engine efficiencies are just some of the many highlights that have all contributed to this advantageous position.

“These competitive advancements and the overall attractive product design and high quality are the great influencers of the success of our Benefit-In-Kind and Whole Life Cost story.”

For diesel models, the Active Blue 1.6litre HDi 120 has a residual value of 34.40%, giving the car an above-average value of £6,550 after three years.

Meanwhile, for petrol cars, the Active 1.2litre e-THP 130 has a residual value of 31.72%, giving the car a projected value of £5,750.

Service intervals across the range have risen from 12,500 to 16,000miles, meaning under a typical three-year/60,000mile contract the number of services drops from four to three.

The 308 will be available from launch with a wide selection of petrol and diesel engines.

Most fleet-friendly is the 1.6litre HDi 115 engine, with a CO2 output of 95g/km; with a BIK value of 13%, a 40% tax payer would contribute just £81 per month.

“It’s a significant saving over a 36month contract and it also has a knock-on benefit for employers who will see a reduction in Employer’s National Insurance contributions on the vehicle benefit,” added Mr Grant.

The Peugeot 308 is now available to order in the UK, with first deliveries in January 2014.

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