Skip to main content
Sister Publication Links
  • Automotive News
  • Automobilwoche
  • Automotive News Canada
  • Automotive News China
Subscribe
  • Subscribe
  • Newsletters
  • Login
  • HOME
    • Latest news
    • Automakers
    • Suppliers
    • New Product
    • Environment/Emissions
    • Sales By Market
    • On The Move
    • Auto Shows
    • Geneva Auto Show
    • Munich Auto Show
    • Paris Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
  • Features
    • Long Read
    • Interview of the Month
    • Focus on Electrification
    • Focus on Technology
    • Segment Analysis
    • Cars & Concepts
    • Supplier Spotlight
    • Europe By The Numbers
  • Opinion
    • Blogs
    • Commentary
    • Guest columnists
  • Photos
    • Photo Galleries
    • Geneva Photo Gallery
    • Beijing Photo Gallery
    • Frankfurt Photo Gallery
    • Paris Photo Gallery
    • Shanghai Photo Gallery
  • Europe By The Numbers
  • Car Cutaways
  • Resource Center
  • EVENTS
    • ANE Congress
    • ANE Rising Stars
    • ANE Eurostars
  • More
    • Publishing Partners
    • Social Media
    • Contact Us
    • Media Kit
    • About Us
    • Capgemini: All or nothing: Why circular business models require a holistic approach
    • Capgemini: Invent Head on automotive takeaways from CES 2023
    • Capgemini: Securing the industry's future through a radical rethink
    • Capgemini: Succeeding with the automated driving journey through AI
    • Capgemini: The circular economy is spurring new thinking on EV batteries
    • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
    • HEXAGON: Plugging into data is the only way to make winning EVs
    • PUBLICIS SAPIENT: The power of post-purchase: How automakers can maximize customer lifetime value
    • TOYOTA EUROPE: Toyota Motor Europe's next-gen C-HR: sensory innovations revealed by Vehicle UX leader
    • TUV Rheinland: Ideas, services and certifications for smart mobility
    • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
    • Toyota Europe
    • UFI Filters
    • Capgemini and Renault Group: Leaders on unlocking automotive sustainability with circular economy strategies and EV battery solutions
    • Clear Channel: The automotive industry is getting EV advertising wrong
    • SENSEAUTO: Driving the future of mobility with SenseAuto: The AGI power behind the wheel
    • Facebook
    • Instagram
    • LinkedIn
    • Twitter
MENU
Breadcrumb
  1. Home
  2. Automotive News Europe
March 12, 2014 01:00 AM

Citroen C4 Cactus to start below 14,000 euros

Claire Bal
  • Tweet
  • Share
  • Share
  • Email
  • More
    Citroen will offer a novel “pay-per-use” option with the C4 Cactus.

    Citroen intends to price the C4 Cactus between compact cars and small crossovers, Julien Montarnal, the executive responsible for the brand's strategy, told Automotive News Europe.

    When it goes on sale in June the C4 Cactus's base price in France will be 13,950 euros -- well below the 18,850 euro starting price of the C4 compact hatchback.

    Citroen CEO Frederic Banzet said the car will be "10 to 15 percent less expensive than its compact competitors." But the average transaction price will be "in the region of 16,000 to 17,000 euros," increasing to 22,250 euros for the diesel version, Banzet told Automotive News Europe last week at the Geneva auto show.

    Finance options

    Citroen is also set to release more information on its planned finance options for the C4 Cactus. An all-inclusive monthly flat rate scheme and a novel "pay-per-use" contract will be provided through the brand's house lender, Banque PSA Finance.

    Montarnal said Citroen would offer the base version of the C4 Cactus, the Start, (which does not have air conditioning), for a monthly flat rate of 199 euros in France. "The contract is for 36 months and includes up to 45,000 kilometers, the loan of the car, service and a no-fault insurance," he said.

    Customers, however, will also be able to specify different levels of vehicle trim and service, with the monthly flat-rate payment reflecting these choices. At the end of the period customers will have the option to either buy the car outright, hand it back to the lessor or start a new lease on a new vehicle. All-inclusive flat rate contracts will be offered throughout Europe.

    The pay-per-use contract will require C4 Cactus customers to pay a fixed monthly rate that will be lower than the all-inclusive flat rate. But in addition they will incur a monthly fee directly related to distance driven, with nothing owed if the car is not driven during the period.

    Pay-per-use contracts will be offered initially in Spain, Italy and the UK. Availability in other European countries would depend on such factors as the demand in each market, local legislation and reaching agreements with local insurers, Montarnal said.

    "There is a portion of the population that is not willing to buy a car, but willing to buy the use of a car," Banzet told Automotive News Europe.

    Solutions such as car-sharing schemes and short-term rentals both had drawbacks in terms of vehicle availability and convenience. "We are proposing a way to only pay for the use of the car, while still having it at your disposal whenever you want it," Banzet said.

    It would be of particular appeal, he added, "for either low-mileage drivers or irregular users of the car, for instance for those who don't use the car for some months in the year."

    One the underlying aims of both financing approaches is the avoidance of unpleasant financial surprises at the end of the contract period.

    RECOMMENDED FOR YOU
    EU trade chief to tell China that retaliation is a bad idea
    Recommended for You
    EU trade chief to tell China that retaliation is a bad idea
    EU trade chief to tell China that retaliation is a bad idea
    Joerg Lamparter Mercedes 2023 Eurostar
    2023 Eurostar winner Joerg Lamparter of Mercedes-Benz
    Mark Zhou Nio 2023 Eurostar
    2023 Eurostar winner Mark Zhou of Nio
    Capgemini and Renault Group leaders on unlocking automotive sustainability with  circular economy strategies and EV battery solutions
    Sponsored Content: Capgemini and Renault Group leaders on unlocking automotive sustainability with circular economy strategies and EV battery solutions
    Sign up for free newsletters
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Get Free Newsletters

    Sign up and get the best of Automotive News Europe delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    SUBSCRIBE TODAY

    Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business.

    SUBSCRIBE NOW
    Connect with Us
    • Twitter
    • Facebook
    • LinkedIn
    • Instagram

    Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI  48207-2997
    Tel: +1 877-812-1584

    Email Us

    ISSN 2643-6590 (print)
    ISSN 2643-6604 (online)

     

    Resources
    • About us
    • Contact Us
    • Advertise with us
    • Advertise with Us
    • Ad Choices
    • Sitemap
    Awards
    • Rising Stars
    • Eurostars
    • Leading Women
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Automotive News Europe
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • HOME
      • Latest news
      • Automakers
      • Suppliers
      • New Product
      • Environment/Emissions
      • Sales By Market
      • On The Move
      • Auto Shows
        • Geneva Auto Show
        • Munich Auto Show
        • Paris Auto Show
        • Beijing Auto Show
        • Shanghai Auto Show
    • Features
      • Long Read
      • Interview of the Month
      • Focus on Electrification
      • Focus on Technology
      • Segment Analysis
      • Cars & Concepts
      • Supplier Spotlight
      • Europe By The Numbers
    • Opinion
      • Blogs
      • Commentary
      • Guest columnists
    • Photos
      • Photo Galleries
      • Geneva Photo Gallery
      • Beijing Photo Gallery
      • Frankfurt Photo Gallery
      • Paris Photo Gallery
      • Shanghai Photo Gallery
    • Europe By The Numbers
    • Car Cutaways
    • Resource Center
    • EVENTS
      • ANE Congress
      • ANE Rising Stars
      • ANE Eurostars
    • More
      • Publishing Partners
        • Capgemini: All or nothing: Why circular business models require a holistic approach
        • Capgemini: Invent Head on automotive takeaways from CES 2023
        • Capgemini: Securing the industry's future through a radical rethink
        • Capgemini: Succeeding with the automated driving journey through AI
        • Capgemini: The circular economy is spurring new thinking on EV batteries
        • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
        • HEXAGON: Plugging into data is the only way to make winning EVs
        • PUBLICIS SAPIENT: The power of post-purchase: How automakers can maximize customer lifetime value
        • TOYOTA EUROPE: Toyota Motor Europe's next-gen C-HR: sensory innovations revealed by Vehicle UX leader
        • TUV Rheinland: Ideas, services and certifications for smart mobility
        • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
        • Toyota Europe
        • UFI Filters
        • Capgemini and Renault Group: Leaders on unlocking automotive sustainability with circular economy strategies and EV battery solutions
        • Clear Channel: The automotive industry is getting EV advertising wrong
        • SENSEAUTO: Driving the future of mobility with SenseAuto: The AGI power behind the wheel
      • Social Media
        • Facebook
        • Instagram
        • LinkedIn
        • Twitter
      • Contact Us
      • Media Kit
      • About Us