Currently reading: Renault ends battery leasing for electric Zoe
Maker attributes improved residual values to change of strategy, removing need for battery fees
Rachel Burgess
News
2 mins read
25 November 2019

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.

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TStag 26 November 2019

The Zoe is a great buy second

The Zoe is a great buy second hand if you want a commuter car. For me it pays for itself because my car parking is £40 a week but the battery is £60 a month. So I’m almost making money on a second hand Zoe. I’ll happily run it into the ground for Renault but the shelf life of these cars may not make that pleasant for me. Think about it, electric motors are very durable it’s the battery pack that’s the problem. So if Renault are on the hook for the battery then there isn’t a lot left to break on these cars.

Sundym 26 November 2019

Did my research

The batteries on these just like tesla are lasting and lasting , Renault just wont ever have to replace,its a con. So the lease is pointless.The problem you will have when you want to move it on when its older will be, who on a budget wants to keep paying £60/month for ever? That's one of the many reasons we got out of ours sooner rather than later. Oh and the battery range was truly terrible in winter , 40 miles . Just a joke really all round .
Stiloboy 26 November 2019

Retrospective lift of battery hire?

So when are the thousands locked into battery hire going to get the option to buy out the remaining capital in their battery?

RCI are not interest, too much of a cash cow to cancel milking owners.

Nissan let owners buy out the flex contract, but Renault have shown zero interest.

Old But not yet Dead 26 November 2019

Good riddance

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 ?

 

 

Takeitslowly 26 November 2019

Old But not yet Dead wrote:

Old But not yet Dead wrote:

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 ?

 

 

 

Fool, what happens to those other fools is that once they default on a financial transaction that they have agreed to and they get taken to court, punished for their stupidity and furthermore castigated for partly being the reason that other law abiding citizens have to pay more to cover their disgusting behaviour. That help your moronic question?.

FM8 26 November 2019

Takeitslowly wrote:

Takeitslowly wrote:

Old But not yet Dead wrote:

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 ?

 

 

 

Fool, what happens to those other fools is that once they default on a financial transaction that they have agreed to and they get taken to court, punished for their stupidity and furthermore castigated for partly being the reason that other law abiding citizens have to pay more to cover their disgusting behaviour. That help your moronic question?.

Damn fool, I aint gettin on no plane...

You're such a cock piss face twat. How about just repling without the hate and anger?  Chillout, we all know you're still struggling with the death of your mother, but just relax, join in, contribute to the subject without the personal element.  I know you're probably a bit of a loner in real life, a loser, the one who has always stuggled to 'fit in', left out of conversations, never picked by either team in PE at school, left on your own with everyone else pointing, staring, laughing, laughing at the loner, billy no mates.  But YOU can change, stay off the dark web and Porn Hub, that sh1t will just get you more frustrated, now your mothers dead, you can go out, try and meet someone, interact with others in real life.  You may like it.

Old But not yet Dead 26 November 2019

Fool

Thank you. You have just proved you are biggest knob jockey of them all . Thank God I don't chose to live your miserable life.