The Nissan Leaf
Nissan hopes more flexible financing will boost sales of the Leaf
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The Nissan Leaf
Nissan hopes more flexible financing will boost sales of the Leaf

NISSAN is promoting deals for the all-electric Leaf with payments of as little as £189 per month, which the company is pointing out is less than the monthly cost of paying the London Congestion Charge – from which the Leaf is, of course, exempt.

The £189 monthly rate is available to customers who opt for the Leaf in its entry-level Visia form and opt for the Renault-style “Flex” battery Leaf scheme, the costs of which are included in the monthly payment.

Nissan has worked hard to make the initially rather expensive Leaf more financially palatable

The Leaf Visia costs £15,990 without batteries after the government’s plug-in car grant has been applied.

The customer makes a deposit of £4083, to which Nissan adds a contribution of £1600, and then pays £189 per month of which £70 per month is for the battery lease (assuming an annual mileage of 7,500 miles).

After 36 months, customers can hand back the car or pay £7905 to complete the purchase, although in the latter case they will have to carry on paying the battery lease.

 With the same deposit, customers can get the higher trimmed Acenta and Tekna models for £239 and £279 per month respectively.

Customers who buy the car via PCP with the battery included rather than leased separately can pay the same deposit and then pay £229 monthly for the Visia, £279 for the Acenta and £329 for the Tekna. In this case there are no continuing monthly battery lease payments if the customer decides to pay to hang on to the car.

Nissan has worked hard to make the initially rather expensive Leaf more financially palatable.

First, prices were realigned when the car received its recent mid-life update, with a new, cheaper entry-level model being introduced for £20,990 (after government grant) with batteries included.

Then Nissan borrowed an idea from its strategic alliance partner Renault by offering customers the option of leasing the Leaf’s battery separately from the car in return for a lower initial purchase price.

Jon Pollock, Sales Director at Nissan Motor (GB) Limited, said: “We’re expecting the new LEAF to be a big hit with UK motorists. The car itself is vastly improved on the already impressive original, but the new pricing structure makes the LEAF an even more attractive option. When you factor in fuel savings plus exemption from road tax and the London congestion charge it’s clear to see that making the switch to a LEAF could very quickly pay for itself.”

Business car users take note – especially if you’re based in London.

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