At 300 euros per month, is a Renault Arkana worth it?

This page is translated from the original post "À 300 euros par mois, un Renault Arkana est-il intéressant ?" in French.

Comment
Renault Arkana LLD

The career of the Renault Arkana is coming to an end, but it still doesn’t seem ready to take its bow!

Launched in 2020, the Renault Arkana is based on the same technical foundation as the Megane, but adopts a more contemporary SUV Coupe look. Proof of this proximity is that in some markets, its name is Megane Conquest rather than Arkana in order to offer the same model in two body styles. A nice commercial success as the Arkana has already sold over 250,000 units. In 2023, it received a slight facelift mainly to modernize the front with the adoption of the new diamond logo and a more dynamic grille. Its pricing starts today at 32,000 Euros with the mild hybrid 140 EDC engine. A high price for a model that is already aging and an outdated hybridization. We much prefer the Full Hybrid 145 which is indeed a true modern powertrain, but at 33,900 euros, it’s a significant investment for a car nearing the end of its life.

Knowing that reselling such a car can be a nightmare in three years, Renault has cooked up a long-term lease offer over 37 months and 30,000 km. At this point, you are probably thinking like us that a no-deposit offer with reasonable monthly payments would be a good idea.

Let’s take 35% of the value of our Arkana Full hybrid 145 in Evolution trim at 33,900 euros. We know that this represents roughly its depreciation over 3 years. Spreading this over 36 monthly payments, that makes 330 euros per month. It’s interesting, but Renault prefers to offer 300 euros monthly payments against an initial payment of 3,500 euros. In the end, you will have paid 42% of the vehicle’s value by the time you return it.

Unfortunately, an offer that looks attractive on paper but loses its luster when it comes time to whip out the calculator. Too bad.

READ ALSO: Would you buy a Renault 5 if it weren’t manufactured in France?

We also suggestthese articles:

Electric Car

Why Does the Tesla Model Y Standard Have 18-Inch Wheels?

Recent articles