Peugeot has launched a pair of special-edition 108 models alongside a new finance offer as the market revs up ahead of the September rush.
The Peugeot 108 Collection and 108 Top! (cabriolet) Roland Garros get extra paint colours, alloy wheels and other extras, such as keyless entry, a seven-inch colour touchscreen with reversing camera (and satnav in the Roland Garros model).
Mechanically there are no changes, so they will drive the same as regular 108 models.
Peugeot has also announced a personal contract purchase (PCP) offer for all 108 models except the bottom-of-the-range Access model, for cars ordered before the end of this month.
The PCP offer is very similar to the one Peugeot is running on the larger 208 models. It is based on a contract of up to 37 months (three years of regular monthly payments plus the final balloon payment) with an APR of 4.9%, which is decent but not outstanding. The offer also does not require any upfront deposit from the customer, which is better than many PCP offers.
The Peugeot 108 Collection, Roland Garros, Allure and GT Line models get a £1,200 deposit contribution, while the Active trim model gets a £600 deposit contribution.
The Car Expert says… always check the fine print on finance offers
Peugeot refers to its personal contract purchase offers as “Passport”. Customers can also choose Peugeot’s “Just Add Fuel” package at extra cost, which also includes three years’ car insurance, road tax and routine servicing costs. If you are under 21 years of age, you are required to take a Peugeot telematics device if you want the Just Add Fuel package.
The Just Add Fuel package is certainly convenient, but you may find it cheaper to arrange your own insurance and servicing, rather than using Peugeot’s preferred providers.
The Peugeot 108 PCP deal is advertised with an APR of 4.9% representative, with a fixed interest rate that is also 4.9%. That means that there should be no fees anywhere on the finance agreement (apart from excess mileage fees).
The offers set out on the Peugeot website are only examples, and you are entitled to adjust the term, deposit and annual mileage to suit your own needs. The annual mileage used in all of the examples provided is only 6,000 – which is lower than most people drive in a year, so bear that in mind.
The excess mileage fee is 5p/mile. That’s £50 for every 1,000 miles you go over your limit, which is less than many other PCPs. The fee only applies if you are giving the car back and claiming the guaranteed future value (GFV).
The finance deal only applies to new cars, which does not include dealer demonstrators or pre-registered cars.
Cars have to be ordered by 31 August, but no delivery date is specified on the website. That means you can get one this month with a 17-plate, or wait until September and get one with the new 67-plates that start from 1 September. If you are planning to keep the car for three years or less, you may be better off waiting for the 67-plates, as it will probably be worth more at the end of the agreement.
The finance offers are provided through Peugeot dealers by PSA Finance UK. If a dealer offers you a finance deal that does not match these details or from another lender, it is not part of this offer.
As with any car purchase, work out your budget before you visit the showroom and don’t be persuaded to go beyond it – regardless of what the smiling sales executive suggests. They don’t have your best interests at heart, but The Car Expert does!