Peugeot’s pricing for the 508 certainly looks punchy. A mid-spec 1.5-litre diesel costs 10% more than an equivalent Volkswagen Passat, 15% more than a like-for-like Mondeo and some 20% more expensive than a like-for-like Vauxhall Insignia.
Peugeot’s claim is that its limited ambitions on UK sales volume will come into play to make monthly finance deals more competitive.
Even so, with no manufacturer support in place for finance on the car, the same lower-mid-spec 508 1.5 BlueHDi Allure would currently cost you £320 a month on a typical five-year main-dealer PCP deal, while a like-for-like Passat would currently cost closer to £250. A5 Sportback ownership on the same terms starts at about £360.
This isn’t a car that’s going to have strong appeal on value-for-money terms, then. But where running costs are concerned, the car’s CO2 emissions are certainly low enough to take the sting out of its highish list price for a company car tax payer.
On our touring fuel economy test, our car returned 52mpg, which beats what we produced from the current A4 2.0 TDI in 2015 (49.6mpg) and from current Passat 2.0 TDI tested the same year (51.6mpg). With what ought to be a couple of even more frugal diesel options below our test car in the range, that’s an impressive showing.