What does the L8 actually cost?
The headline OTR price starts at £34,900 for Essence and £37,900 for Elevate. The amount you actually spend depends on whether you buy outright, use PCP, lease, insure it, charge it and how long you keep it.
| Cost area | What to check | Why it matters |
|---|---|---|
| Purchase price | OTR price and any live manufacturer/dealer offer | Starting point, not total ownership cost |
| PCP | Deposit, monthly payments, APR, optional final payment, mileage | A low monthly payment can hide a large final payment or mileage limits |
| Insurance | Your own quote before ordering | Newer models can sit in different insurance groups |
| Servicing | Schedule and pricing from the retailer | Warranty conditions may depend on correct servicing |
| Charging | Home tariff, charger and public charging | Electric driving only saves money if charging costs work for you |
| Depreciation | Likely future value / PCP GFV | Important for ownership and finance comparisons |
Example PCP: what the headline can hide
LEPAS currently publishes a representative PCP example for the L8 Essence based on a £34,900 OTR price, £2,999 customer deposit, 48 monthly payments of £398.99, a £14,003 optional final payment and a 1.9% representative APR. The published example is based on 6,000 miles per year.
Don't compare monthly payments alone.Compare deposit + every monthly payment + interest + optional final payment + mileage allowance + any fees. Offers are time-sensitive and can change.
PCP vs buying outright vs leasing
| Route | You pay | At the end | Watch for |
|---|---|---|---|
| Cash | Full purchase price | You own the car | Depreciation and tying up capital |
| PCP | Deposit + monthly payments | Pay final payment, part exchange or return subject to terms | Mileage, condition and final payment |
| PCH | Initial rental + monthly rentals | Return the car | Mileage, condition and contract terms |
Questions to ask the dealer
- What is the exact OTR price today?
- What is the total amount payable under the finance agreement?
- What is the optional final payment?
- What annual mileage is assumed?
- What is the excess mileage rate?
- Are servicing, maintenance or other products included?
Current LEPAS representative example checked September 2026. LEPAS finance information.