Mitsubishi Outlander 2.0 Plugin-Hybrid - 2 year lease £239.94 per month after initial payment of £1439.64 - £6958.26 at Alphacontracts
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Mitsubishi Outlander 2.0 Plugin-Hybrid - 2 year lease £239.94 per month after initial payment of £1439.64 - £6958.26 at Alphacontracts

£6,958.26Testing Deals
70
Found 4th Nov 2014
This is a lease deal for a Mitsubishi Outlander 4x4 plug-in petrol hybrid. There's a 2 year lease, and the quoted prices include VAT for personal customers, and there are no document fees to pay.

It is also available on a business deal.

This is £233 cheaper than the previous cheap lease on this car, which was here: hotukdeals.com/tag/dea…395

Key points for the car:

* there's a quoted electric-only range of 32.5 miles. In reality you should get 25.
* when it runs out of juice, it switches to petrol, so you can always keep going the same as a normal car. Petrol-only mpg is 49mpg officially, in reality probably 35-40. The idea is basically you should use this car mostly for short journeys.
* you can charge it from a normal socket, in five hours, or 3.5 hours in a special socket, which British Gas will fit for £115 britishgas.co.uk/pro…tml
* the car is congestion charge exempt, there's no car tax to pay, and in many areas you can also park for free
* if you have a Ltd. company, it works out cheaper to put the car through the company, because of the 5% BIK. This is not true of any other (non-plugin) cars.
Company tax illustration putting it through your own company:

* £199.95 + 10% VAT (half the VAT is recoverable) * 29 = £6,378.41 payable over two years
* BIK based on P11D value of £33,249 over 2 years, based on 5.67% blended BIK rate (the BIKs will go up soon) = £3768.22 total in 2 years, on which you pay 40% income tax = £1507.29, and the company pays 13.8% Class 1A NICs = £520.01
* So the company incurs a cost of £6,898.42, which would otherwise be paid to you as £4,139.05 net of 40% tax, and you then pay £1507.29 in income tax, giving an effective cost to you as a company owner of £5,646.34 of post-tax income for this deal, versus the £6958.26 you'd pay as a personal lease. For a 20% tax payer, the saving is slightly less, the effective cost is £5820.19
* Insurance would be fully tax-deductible for the company,

So basically it's the cheapest 4x4 you can lease either business or personal, and it's one of the cheapest company cars you can have also.

Mitsubishi PHEV forum: myoutlanderphev.com/forum/ For anyone with questions/looking for more info

70 Comments

Very good deal for me

Hot from me for what is a cracking car by all reviews I have read.

Such a shame there is no 7 seat version or we would definitely be tempted. Advantage of a plug in over a normal hybrid is it doesnt warm the engine when you start driving so short trips are all electric.

Anyone know what the electric costs for a 10 mile journey?
Edited by: "m1chaels" 4th Nov 2014

On the tax side of things, have you looked at using salary sacifice to buy a car? Works out well with this deal due to the low BIK rate

Excellent deal and info, OP.

I do about 12k miles pa of which about 75% would be electric. I reckon a plug in hybrid would save about 1k pa on petrol costs. The short journeys mean a diesel is not really suitable.

Really interesting, not for me though, but voting hot.

dont forget this is electric, so you may have an issue claiming back that cost if you're a company car driver as hrmc dont class electric as fuel. You could go down the advisory fuel route where you pay for ALL the fuel & claim back 16p per business mile at current rates.

Full charge costs depending how much you pay per unit. So anything between £1-£1.50 for about 23 miles of driving (12KWH from empty to full charge). There is also some free rapid charging points at various motorway stations, Ikea, shopping centres, etc. plenty of maps on the net for that. They take about 20mins to boost charge to about 80% - so good for about 20 miles & usually free to use - though subscription is starting to be the norm, which will make it not worthwhile as constant rapid charge will decrease the battery life & £15 a month is not good value considering you would need to do it everyday to make it worthwhile & thus damaging the car over long term.

I have owned one of these for 3 months. I manage about 27 miles on electric from a full charge (which costs about £1.30), however put on the air con or heater and this drops rapidly. In petrol only mode I get low 30's on mpg. I used to have an Merc E class, but switched to this for the company car tax savings but it's certainly not in the same league despite having a similar cost. It's a nice drive, and very practical as a family car. Due to the low mpg in petrol mode and low range on electric, if you want to save the planet you are probably going to be less polluting in a small diesel, if you do over 20 miles per day. But if you need a 4x4 family car and are looking for the tax savings or the eco badge, then I would recommend it. If you dont care too much about the eco side, there are better and probably cheaper to run alternatives.

Edit: If anyone is seriously considering this and has any questions, please send me a PM. Happy to give an honest opinion on the vehicle and tax savings (I'm an FD - so I sort of understand the various implications to the company and employee ). Depending on your circucumstances, especially if you do a lot of private mileage it can be very very attractive. I'm saving about £300 per month over the previous company car.
Edited by: "minimeme" 4th Nov 2014

Good deal for cabies

This is a very heavy car and as a result, will only give a just 39mpg from the Outlander PHEV on a long-distance drive.

i do about 25 miles a day in the week but its all hilly
im debating whether to get one of these cars as it all seems good
just not sure if the electric would cope with 25 hilly miles plus heating a day and the petrol engine sounds pretty unefficient

This sounds tempting - I am only 12 miles from work (and that's a round trip) - something for me to think about.
Its a case of carrying on running my car into the ground ( I usually only fill it up about once a month - so about £60) - or getting a new one like this and I may save £30 on petrol costs a month which I can deduct from the payment on this leased car. I am in need of a bigger car as well from the one I have at the moment - thanks OP! Heat added

andykapa

Good deal for cabies



Pretty sure cabbies drive more than 10k a year.

PierremontQuaker

This sounds tempting - I am only 12 miles from work (and that's a round … This sounds tempting - I am only 12 miles from work (and that's a round trip) - something for me to think about.Its a case of carrying on running my car into the ground ( I usually only fill it up about once a month - so about £60) - or getting a new one like this and I may save £30 on petrol costs a month which I can deduct from the payment on this leased car. I am in need of a bigger car as well from the one I have at the moment - thanks OP! Heat added



zero road tax as well, so you may want to factor that in & being a new car on a 2 year lease, no MOT needed, though you will have to have the car serviced as part of the agreement.

oddballjamie

Pretty sure cabbies drive more than 10k a year.



Pretty sure they do more than 25 miles a day as well, don't know how long it takes to charge an electric car but I can't imagine it's instant

Shard

Pretty sure they do more than 25 miles a day as well, don't know how long … Pretty sure they do more than 25 miles a day as well, don't know how long it takes to charge an electric car but I can't imagine it's instant



Rather than the traditional "I'm just round the corner mate", it would be "I'm charging the cab, gonna be about two hours".

Comment

alu355

On the tax side of things, have you looked at using salary sacifice to … On the tax side of things, have you looked at using salary sacifice to buy a car? Works out well with this deal due to the low BIK rate


If you buy this via company you can not then claim 45p pm.

PierremontQuaker

This sounds tempting - I am only 12 miles from work (and that's a round … This sounds tempting - I am only 12 miles from work (and that's a round trip) - something for me to think about.Its a case of carrying on running my car into the ground ( I usually only fill it up about once a month - so about £60) - or getting a new one like this and I may save £30 on petrol costs a month which I can deduct from the payment on this leased car. I am in need of a bigger car as well from the one I have at the moment - thanks OP! Heat added



Average cost £290 a month to save £30 in fuel. Sounds sensible. oO

These only make financial sense as company cars or if you use the congestion zone regularly.

If people only do short trips get a full electric vehicle and save carting around the petrol engine, if they do more get a diesel.

alu355

On the tax side of things, have you looked at using salary sacifice to … On the tax side of things, have you looked at using salary sacifice to buy a car? Works out well with this deal due to the low BIK rate



+1

Nearly bought a phev, considered the ampera, the prius and this on lease but none are quite there yet and all have issues one way or the other. Ampera was the nicest but couldn't bring myself to part with near £20k for a 2 year old vauxhall. Give it 2 or 3 years and PHEV cars will be a plenty. The i3 looks nice, maybe when battery prices come down it will be nearly as affordable as this.

jaydeeuk1

Nearly bought a phev, considered the ampera, the prius and this on lease … Nearly bought a phev, considered the ampera, the prius and this on lease but none are quite there yet and all have issues one way or the other. Ampera was the nicest but couldn't bring myself to part with near £20k for a 2 year old vauxhall. Give it 2 or 3 years and PHEV cars will be a plenty. The i3 looks nice, maybe when battery prices come down it will be nearly as affordable as this.



Leasing is the only way I would go if I was tempted with a PHEV. Don't think I could take the uncertainty of depreciation with the technology moving on.

More needs to be put into hybrid diesels, to me they make more sense. Electric around town, then the diesel economical engine for cruising. I know Peugeot are, but been burnt there before, never again.

I dont think the engines drive the car so much with these, they tick over generating electricity for drive and recharging the batteries.

Heat given mainly for the OPs accountancy skills. It is a very hot deal, there's no cheaper way to have a news 4x4 parked on your drive. Buying new the decreciation would be horrendous - I realised a year or so back that it's far better to keep your hard earnt invested in something that yields a decent return and to let someone else own your car. I wish I'd realised years before.

Fogg1969

I dont think the engines drive the car so much with these, they tick over … I dont think the engines drive the car so much with these, they tick over generating electricity for drive and recharging the batteries. Heat given mainly for the OPs accountancy skills. It is a very hot deal, there's no cheaper way to have a news 4x4 parked on your drive. Buying new the decreciation would be horrendous - I realised a year or so back that it's far better to keep your hard earnt invested in something that yields a decent return and to let someone else own your car. I wish I'd realised years before.



Love to know what yields a decent return these days!

Besford

Love to know what yields a decent return these days!



Renting low cost housing to the work shy?

oddballjamie

Renting low cost housing to the work shy?



Factor in the hassle, risk and tying up your funds and I think that's a debatable 'investment', unless you have a whole estate of them.
Edited by: "Besford" 4th Nov 2014

andykapa

Good deal for cabies

I don't think so

oddballjamie

Pretty sure cabbies drive more than 10k a year.


5k/month an average

Am so so tempted. But there is nothing wrong with my current car which is fully paid for. So it will have to keep until a major repair pushes me over the edge.

I have a standard ford focus.Been dying to get myself a new car.I just cannot afford it outright.
Been considering getting a lease car,on a personal basis.Worried about deadly costs,however this deal sounded reasonable.

I just do a about 100 local miles a week.Worth it i wonder?Thoughts appreciated.

Fogg1969

I dont think the engines drive the car so much with these, they tick over … I dont think the engines drive the car so much with these, they tick over generating electricity for drive and recharging the batteries. Heat given mainly for the OPs accountancy skills. It is a very hot deal, there's no cheaper way to have a news 4x4 parked on your drive. Buying new the decreciation would be horrendous - I realised a year or so back that it's far better to keep your hard earnt invested in something that yields a decent return and to let someone else own your car. I wish I'd realised years before.



Under heavy acceleration the engine drives the wheels along with the batteries.
Once the electric has gone, "most" of the time the engine is used to power the wheels and recharge the battery, unless in town where it recharges the batteries which drive the motors, or acceleration where the full power is diverted to the wheels.

This makes more sense on a lease, seems a pointless car if you were buying new.

honestjohn.co.uk/car…14/

aloobiran

I have a standard ford focus.Been dying to get myself a new car.I just … I have a standard ford focus.Been dying to get myself a new car.I just cannot afford it outright.Been considering getting a lease car,on a personal basis.Worried about deadly costs,however this deal sounded reasonable.I just do a about 100 local miles a week.Worth it i wonder?Thoughts appreciated.



If your oly doing that kind of mileage, I would go for a different car . On the basis that over 2 years you will do 10,400 miles, and the cost of the lease is £6958.26 that gives you a capital cost of 66.9ppm, electric will be about 6ppm and servicing I would estimate at 8ppm, giving a grand total of 80.9p per mile.

If you need a 4x4 then I would buy second hand/nearly new. If you just need a more generic run around, VW golf?

doe

Am so so tempted. But there is nothing wrong with my current car which is … Am so so tempted. But there is nothing wrong with my current car which is fully paid for. So it will have to keep until a major repair pushes me over the edge.



If your car is worth around the same as the full cost of this deal, sell the car and invest the money in the stock market or a business and pay this off each month Just a thought, depends on the risk you want to take. I have a similar dilemma, my car is worth about £7K, I'm tempted to get a lease worth around the same as my car or less and just invest the money. If it goes boobies up then at least I had a go, only live once

Comment

andykapa

Good deal for cabies



Do you mean cabbies or babies?

minimeme

If your oly doing that kind of mileage, I would go for a different car . … If your oly doing that kind of mileage, I would go for a different car . On the basis that over 2 years you will do 10,400 miles, and the cost of the lease is £6958.26 that gives you a capital cost of 66.9ppm, electric will be about 6ppm and servicing I would estimate at 8ppm, giving a grand total of 80.9p per mile.If you need a 4x4 then I would buy second hand/nearly new. If you just need a more generic run around, VW golf?


minimeme

Under heavy acceleration the engine drives the wheels along with the … Under heavy acceleration the engine drives the wheels along with the batteries.Once the electric has gone, "most" of the time the engine is used to power the wheels and recharge the battery, unless in town where it recharges the batteries which drive the motors, or acceleration where the full power is diverted to the wheels.



Some fine words of wisdom there.Much appreciated.

Original Poster

minimeme

If your oly doing that kind of mileage, I would go for a different car . … If your oly doing that kind of mileage, I would go for a different car . On the basis that over 2 years you will do 10,400 miles, and the cost of the lease is £6958.26 that gives you a capital cost of 66.9ppm, electric will be about 6ppm and servicing I would estimate at 8ppm, giving a grand total of 80.9p per mile.If you need a 4x4 then I would buy second hand/nearly new. If you just need a more generic run around, VW golf?



8ppm for servicing? That's £800+. That's the kind of cost you need to figure for a car you own yourself, over its life, and includes tyres, repairs, etc. For a 2-year lease on a new car the only thing you need to budget is a single service, which will cost £100+. That's one of the advantages of new.

Original Poster

oddballjamie

Average cost £290 a month to save £30 in fuel. Sounds sensible. oOThese o … Average cost £290 a month to save £30 in fuel. Sounds sensible. oOThese only make financial sense as company cars or if you use the congestion zone regularly.If people only do short trips get a full electric vehicle and save carting around the petrol engine, if they do more get a diesel.



A full electric vehicle won't let you take the family on holiday to France, or whatever. This is more flexible.

The way I would look at this, is yes, an E Class estate is a better car, but the cost of ownership would be several grand more over the two years. For a new car with this sort of TCO, you are otherwise looking at something like a Ford Focus.

dudedude

A full electric vehicle won't let you take the family on holiday to … A full electric vehicle won't let you take the family on holiday to France, or whatever. This is more flexible.The way I would look at this, is yes, an E Class estate is a better car, but the cost of ownership would be several grand more over the two years. For a new car with this sort of TCO, you are otherwise looking at something like a Ford Focus.



It was in reply to someone who drives 12 miles a day, no mention of family trips to France. The money saved would hire a diesel family car that would be far more economical than this for family trips to France.

Alternatively Nissan loan petrol cars to Leaf owners for two weeks a year for free.

Strange to compare an Mercedes to a Mitsubishi, anyhow the E220 AMG Estate was on here recently for only £1700 more.

It all depends on what type of driving people do. As I mentioned earlier Congestion zone or company car drivers these make sense for, very much a niche car.
Edited by: "oddballjamie" 4th Nov 2014

dudedude

8ppm for servicing? That's £800+. That's the kind of cost you need to … 8ppm for servicing? That's £800+. That's the kind of cost you need to figure for a car you own yourself, over its life, and includes tyres, repairs, etc. For a 2-year lease on a new car the only thing you need to budget is a single service, which will cost £100+. That's one of the advantages of new.



£100 to service this? You can't take it to a local Kwikfit. You're delusional.
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