5 Electric Cars for Less Than €200 Per Month

In the face of inflation, here are 5 examples of affordable electric cars under €200/month in rental.

With prices and interest rates rising, purchasing a new car requires an increasing financial effort. In this context, long-term rental is an interesting alternative, but beware of not relying solely on the enticing monthly payments promoted by manufacturers…

A truly attractive rent is only achievable through sacrifices. In a lease, everything is about balance: if you don’t want to make a significant down payment, your monthly payments will be higher. The choice of model, its equipment, the associated services, and mileage will also impact the rent. With the diversity of models and the flexibility of offers available today, you have a wide array of options.

The cheapest: Dacia Spring

Limited range, modest performance, maximum speed of 125 km/h: the Dacia Spring is clearly not suitable for long-distance trips. However, it can suffice for city or rural driving. You will just need to accept a somewhat outdated presentation and limited features, especially in this base finish Essential, which has neither a touchscreen, rearview camera, nor spare wheel. The 30 kW DC charger, which allows faster recharging, is not available on this entry-level version.

Dacia Spring Essential : €108 / month
26.8 kWh battery, 230 km range (WLTP mixed cycle)
Duration of long-term lease: 49 months
Included mileage: 40,000 km, or 10,000 km/year
First payment: €7,900, after €2,554 bonus deduction
Total rental cost: €7,738, or 53.5% of the purchase price after bonus deduction

A trendy city car: Fiat 500e

Like the Spring, the Fiat 500 Action has a small battery that greatly limits its range. However, it is slightly more performance-oriented, even if it just exceeds 130 km/h top speed. Above all, the 500 positions itself as a trendier and more modern car than the Spring. In this basic version, the Italian city car comes with sparse features (no cruise control, no rear radar, no split-folding rear seat, etc.). The touchscreen is replaced by a simple smartphone holder, but the overall package still has charm.

Fiat 500 Action: €139 / month
23.8 kWh battery, 190 km range (WLTP mixed cycle)
Duration of lease: 37 months
Included mileage: 30,000 km, or 10,000 km/year
First payment: €8,500, after €2,500 bonus deduction
Total rental cost: €7,504, or 35.4% of the purchase price after bonus deduction

A safe bet: Peugeot e-208

With good performance and a range exceeding 300 km, the Peugeot e-208 is a versatile electric city car. However, this lease won’t allow you to rack up many kilometers. Exceeding the limit isn’t forbidden, but each extra kilometer will cost you 7 cents. In 2023, the Peugeot e-208 will receive technical improvements increasing its range to 400 km. The motor power will increase by 20 hp, reaching 156 hp… but the bonus will decrease. You don’t have to wait for it.

Peugeot e-208 Active: €150 / month
50 kWh battery, 362 km range (WLTP mixed cycle)
Lease duration: 24 months
Included mileage: 500 km/month or 6,000 km/year
First payment: €10,500, after €4,500 bonus deduction
Total rental cost: €7,950, or 27.70% of the purchase price after bonus deduction

An SUV: Hyundai Kona

Since its launch in 2018, the Hyundai Kona has been a strong seller in the electric vehicle market. Credited with nearly 500 km of range with the large 64 kWh battery, it remains above the symbolic 300 km mark with the 39 kWh version. The 136 hp engine ensures adequate performance (max speed 155 km/h, acceleration 0-100 km/h in 9.9 seconds). Even in this “Intuitive” trim, the vehicle features a touchscreen with Android Auto and Car Play compatibility. The equipment is overall very complete for an entry-level model.

Hyundai Kona Intuitive: €180 / month
39 kWh battery, 305 km range (WLTP mixed cycle)
Lease duration: 37 months
Included mileage: 30,000 km, or 10,000 km/year
First payment: €13,800, after €7,800 bonus deduction
Total rental cost: €14,280, or 46.21% of the purchase price after bonus deduction

A station wagon: MG5

The MG5 offers up to 400 km of range, but in this base version with a “small battery,” you will have to settle for 300 km. Lengths of 4.6 meters, this Chinese model is the only electric station wagon currently available on the market, aside from the exclusive Porsche Taycan Sport Turismo. With its large 479-liter trunk (or 1367 liters with the rear seats folded) and towing capacity of 500 kg, it targets customers looking for a versatile electric car.

MG5 Comfort: €189 / month
50.3 kWh battery: 320 km range (WLTP mixed cycle)
Duration of lease: 48 months
Included mileage: 40,000 km or 10,000 km/year
First payment: €11,000, after €5,000 bonus deduction
Total rental cost: €13,883, or 51.4% of the purchase price after bonus deduction