Peugeot 3008 Hybrid running costs & insurance
Company-car drivers are the big winners here, but private buyers covering shorter mileages can save a lot with the 3008 plug-in, too
|Annual company-car tax cost (20%/40%)
Plug-in hybrids are sold on the promise of low running costs, but it’s important to note that the 3008 Hybrid will be cheaper to run for some users than it will be for others. For company-car drivers, it’s a no-brainer, as like many other plug-ins, it attracts Benefit-in-Kind (BiK) tax at just 12% until at least April 2024. Private buyers need to be more careful, however: the hybrid’s higher list price translates to higher monthly payments than for the basic petrol and diesel versions of the 3008, and you may not claw back the difference in lower fuel bills if you often undertake journeys longer than the car’s pure-electric range.
Peugeot 3008 hybrid insurance group
As you’d expect, the less powerful Hybrid 225 variant of the 3008 will be less expensive to insure, with this version landing in insurance group 30 whether you go for Active Premium+, Allure Premium+ or GT spec. The latter two trims are available with the powerful Hybrid4 300 drivetrain which increases the insurance rating to group 38.
Like all new Peugeots sold in the UK, the 3008 hybrid is covered by a three-year/60,000-mile manufacturer’s warranty. That’s about par for the course in the industry and covers the typical duration of a new-car finance agreement, but cash buyers who intend to keep their car for longer may be tempted by the five and seven-year cover offered on Hyundai and Kia hybrid SUVs respectively.
Peugeot hybrids require servicing at a dealer once a year or every 20,000 miles – whichever comes first. Every second service is classed as a ‘main’ service, charged at £249, while every fourth service is classed as ‘major’ – charged at £419 for the Hybrid 225 and £429 for the Hybrid4 300. Other services are ‘interim’, charged at £199. In all instances, you can pay less to use ‘Peugeot Approved’ parts rather than ‘Peugeot Genuine’ items. Dealers can also put together service plans to spread the cost with monthly payments.
Running a hybrid doesn’t make a big difference in this area: they get a £10 discount on the regular annual road-tax (VED) rate of £155. And if you want to avoid the extra annual £335 payment levied on cars costing more than £40,000 new, you need to go for the Hybrid 225 version of the 3008 in either Allure Premium or GT spec – all other engine-trim configurations push the car’s starting price over the higher-tax threshold.
According to CDL Vehicle Information Services (CDL VIS) data from January 2022, the entry-level Allure Premium version of the 3008 hybrid will retain just over 50% of its new value after three years or 30,000 miles on the road – £19,150 from a starting point of £38,010. The other models in the range should retain between 46% and 49% of their list prices in the same period.
In This Review
- 1VerdictThe Peugeot 3008 Hybrid is both fast and cheap to run, but it's expensive to buy, feels heavy and loses some of the non-hybrid versions' practicality
- 2Range, MPG, CO2, battery & chargingThe plug-in hybrid 3008 offers a decent fully electric range, as well as good fuel-economy and CO2 emissions numbers for the class
- 3Running costs & insurance - currently readingCompany-car drivers are the big winners here, but private buyers covering shorter mileages can save a lot with the 3008 plug-in, too
- 4Performance, engine & driveEspecially in 'Hybrid4' form, the 3008 is as fast as some sports cars, but the same can't be said for its handling
- 5Interior, dashboard & comfortOccupants of the 3008 hybrid enjoy great interior design and a well finished, comfortable cabin
- 6Boot space, seating & practicalitySome fuel-tank capacity and boot space have had to be sacrificed to accommodate the 3008 plug-in’s batteries
- 7Reliability & safety ratingAn extensive suite of safety technology, good crash-test scores and solid owner-satisfaction reports bode well for the 3008 plug-in here