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The Truth Behind Renault's £99pm Clio Deal

Wed, 12 Mar 2008
It's actually a PCP, but still quite a good deal.

You pay a £99 'acceptance fee' plus £99 to get the car.

Then you pay £99 a month for 47 months (total £4,851).

At the end of the contract you can pay £2,232 to keep the car, or return it to the dealer.

The return deal assumes no more than 40,000 miles in the 4 years. Any more are chargeable at 6p a a mile. And also assumes no damage or excess wear and tear. (Any damage has to be paid for by you.)

The Renault Clio 1.2 16v 75PS Freeway comes with RDS radio CD with fingertip remote control, 2 x 15W speakers, 15" Yaghan wheel trims (not the alloys in the photo), Manual front windows, Irus upholstery with carbon trim. 139g/km CO2. 47.9mpg combined

The deal stacks up as:-

47 monthly payments of £99
On the road price £7,495
Dealer deposit contribution £1,394
Total amount to be financed £6,101
Customer deposit £Nil
First payment including £99 arrangement fee £198
Optional final payment £2,232
(Optional final payment includes credit facility fee of £139 and option to purchase fee of £10.)
Total amount payable £7,083
APR 5.9%
Excess miles over 10k pa £6p per mile.


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Amount to borrow
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Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

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Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

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