Maker attributes improved residual values to change of strategy, removing need for battery fees

Renault has ditched the option of monthly battery leasing for its electric Zoe, citing “significantly improved class-leading residual values, which enable a more competitive full purchase price”.

The Zoe has a predicted residual value of 42%, according to CAP, after three years and 36,000 miles. The supermini is priced from £25,670 (after the Government's £3500 plug-in car grant), £2325 less than the larger Nissan Leaf. On a PCP finance deal, the entry-level Zoe costs £269 per month with a deposit of £2995.

Until now, Renault has been the only mainstream brand to offer customers the opportunity to either buy an electric car outright or pay a lesser upfront amount plus a monthly battery leasing fee. Since 2014, when both purchase options became available, battery leasing has accounted for 60% of overall Zoe sales.

Renault said: “One of the main reasons that the battery lease option was initially introduced was to lower the initial purchase price of a Renault EV to be as close as possible to that of an equivalent diesel vehicle. The recent improvements to the RV [residual value] on the new Zoe in the UK mean that this financial gap has now been reduced and we are able to offer a simplified choice to consumers.”

Renault revealed its second-generation Zoe in September with a larger (53kWh) battery and up to 245 miles of range. It also received a restyling inside and out, plus a 10in digital instrument display and a 9.3in infotainment touchscreen.

READ MORE

Hot Renault Zoe RS expected by 2022

Renault details two new EVs due in 2020

Renault’s budget electric City K-ZE targets Europe

Our Verdict

Renault Zoe

Bespoke battery-powered supermini aims to advance the cause of electric cars at the mainstream end of the market

Find an Autocar car review

Driven this week

Join the debate

Comments
16

25 November 2019

Outdated idea that only complicated and confused. Hopefully Nissan will follow suit!

26 November 2019
xxxx wrote:

Outdated idea that only complicated and confused. Hopefully Nissan will follow suit!

 

Not that different from you, except that you are outdated,  SIMPLE and confused.

25 November 2019

Looks like Nissan had already seen the light and already dropped leasing earlier this year

bol

25 November 2019

Some of the earlier battery lease cars, particularly the Fluence, have become virtually unsalable due to ongoing lease costs. Couldn't come soon enough. 

25 November 2019
When we purchased the car the salesman assured us that it would not be a problem trading the car, however my spider sense tingle was correct . No dealer was interested in trading the car 2 years later , including the Renault dealer we bought it from ! Impossible to sell privately as the battery lease does not transfer at same time as V5. It takes 2-3 weeks , who in their right mind would hand over £6k when they didnt own the battery . Impossible to auction for same reason , so we buy not interested. Eventually independent local dealer took it . Admittedly we only lost £750 in two years and dealer sold it for £1500 more than we bought it for . Renault has permanently lost a customer .

25 November 2019

I always fancied a Twizy, but because of the battery lease it was a no go. Its cleary only a good weather toy, yet the Battery lease costs more than the Road tax on a Band M car, and you cant even SORN it (as you can with road tax) and not pay over the winter. A quick look on Renaults site, and it still has battery lease as mandatory for the Twizy.  

26 November 2019
artill wrote:

I always fancied a Twizy, but because of the battery lease it was a no go. Its cleary only a good weather toy, yet the Battery lease costs more than the Road tax on a Band M car, and you cant even SORN it (as you can with road tax) and not pay over the winter. A quick look on Renaults site, and it still has battery lease as mandatory for the Twizy.  

I've often thought one would be a great alternative to a commuter scooter but the high purchase price and monthly battery lease make them more expensive than a city car to run let alone a scooter. Hopefully the battery lease will follow the Zoe and disappear, then they just need to drop the price a bit.

25 November 2019
This car costs TWENTY-FIVE THOUSAND POUNDS and it has a range of 245 miles (same as my £500 1956 Ford 100E). I'm sorry, but however you slice it, that is absolutely and completely shite, and anyone who even considers buying one needs their head looking at.

27 November 2019
sidevalve wrote:

This car costs TWENTY-FIVE THOUSAND POUNDS and it has a range of 245 miles (same as my £500 1956 Ford 100E). I'm sorry, but however you slice it, that is absolutely and completely shite, and anyone who even considers buying one needs their head looking at.

Hardly anyone buys a car outright, it is leased or on a PCP. The actual figure the car costs is irrelevant, it is how much it costs per month.

26 November 2019

Good news. Now the honourable thing for Renault would be to do an affordable deal for those lease cars to buy their batteries, and simplify the used market for the next 10 years.

Anyway,  what happens if a new owner simply does not pay Renault for the lease ?

 

 

Pages

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week