Electric Corsa Is £11k Dearer Than Petrol Version

By Paul Homewood

When I looked at electric car prices the other day, it was pointed out that finance deals for the Nissan Leaf appeared to be cheaper relative to petrol. I have therefore had a look at Vauxhall’s finance deals for the Corsa-e, which can be directly compared to the Corsa petrol.

Both models are the bottom of the range SE:

Corsa-e SE NAV Premium

Corsa SE1.2 Petrol

To summarise the difference:

Excluding govt subsidy, the electric model is around £11K dearer, whether financed or not.

What is noticeable though is that the optional final payment is £5054 higher for the electric version. Vauxhall appear to be gambling that second hand prices in four years time for electric will be much higher now than they appear to be now.

Assuming they are right, all it means is that some of the extra £11k cost ends up being paid by second hand buyers, rather than all being incurred by the new car buyer.

What does not change is the fact that the electric Corsa is £11K dearer.

				Difference
	Electric	Petrol	Difference	Excl £2500 Govt Subsidy
OTR	24140	15815	8325	10825
Total payable	26594	17337	9257	11757
Total excl final payment	15266	11063	4203	6703

Final payment	11328	6274	5054