Renault Twizy running costs

Daily running costs will be miniscule for the average Twizy owner, but battery rental charges mean the financial advantages aren't clear-cut

The Renault Twizy is just about the lowest-priced new car available in the UK, as long as you’re prepared to accept that a quadricycle is actually a car, of course. The list price is somewhat deceptive though, as Renault insists owners lease their Twizy batteries, which means an added cost of at least £50 per month. The effect is to put the actual ownership cost of a Twizy on par with much more conventional city cars like the Skoda Citigo. There’s no plug-in grant money available from government for the Twizy, either, because a) it doesn’t travel the required distance on electric power alone and b) in official terms, it’s a quadricycle, not a car

London-based drivers will save with Congestion Charge exemptions, and there’s no road tax to pay. Thanks to zero CO2 emissions, you'd also attract a low Benefit-in-Kind tax rate of just 13% as a company-car driver – should your employer put the Twizy on its user-chooser list, that is.

Twizy drivers will likely make their biggest savings on daily running costs, as the cost to charge the battery is little more than a pound. As the battery is pretty small, you don’t even need to invest in a wallbox; any three-pin socket will do.

Renault Twizy insurance group

The insurance costs for the Twizy are hardly outrageous, but group ratings of 11 and 12 for the Expression and Dynamique models mean you’ll pay more in premiums than you would for a Renault Zoe or Nissan Leaf – and certainly more than for a low-powered scooter.

Warranty

The standard Renault three-year/unlimited-mileage warranty applies to the Twizy, but the electric drivetrain is guaranteed for four years irrespective of mileage. The battery is covered separately under the terms of your hire contract – you’ll never own your own Twizy battery. However, the contract guarantees only that the battery will retain at least 75% of its stated charge capacity.

Servicing

The simplicity of the Twizy drivetrain means the service interval is only every 18,000 miles, but Renault stipulates annual check-ups anyway. It’s not too much of a hardship with a three-year inclusive service package costing just £100. You can extend the package to four years, but that costs £400, as more work needs to be done in the fourth year.

Road tax

You don’t have to pay any road tax at all if you drive a Renault Twizy.

Depreciation

We reckon you should be looking to recoup between 36 and 40% of the purchase price of your new Twizy if you sell it at the benchmark three years and 36,000 miles – although we’d be surprised to hear of anyone racking that sort of distance up on an annual basis. The percentage of value retained decreases with the more you spend, but at least the low purchase price keeps a lid on losses.