Nissan is pushing the boat out price wise by making its all-electric LEAF available on a PCP (Personal Contract Purchase) scheme for £397 per month. In this, Nissan will also underwrite the residual value of the vehicle. These factors alone make for a tempting deal but looking a little closer makes the notion of going electric even more enticing.
Take the cost of getting from A to B, for example. Charging a LEAF’s batteries costs £2. This outlay will take you over 100 miles. Then there’s the road tax. How much? Zero, the LEAF is tax-exempt. London congestion charge? Zero again. And in some cities, you can park a LEAF for nothing. All this and the LEAF has just become European Car of the Year.
So, what about depreciation? Independent experts CAP predict that after three years and 30,000 miles, the LEAF will retain 47% of its on the road price (after the £5,000 government buying incentive). This outstrips equivalent figures for hybrid and diesel-engined rivals.
Company car drivers can reap still more, because the LEAF is exempt from any Benefit-In-Kind liability; it has the potential to save thousands per year in tax. Say a company car driver is paying 40% tax and decides to change his Vauxhall Astra 2.0 CDTi Auto for a Nissan LEAF. He’d find himself £301.53 per month better off; this equates to a pay rise of nearly £5,000 a year.
The deal on the table gives hybrid or conventional diesel finance costs, allied to massive savings in running costs. For example, if a buyer was to front up a £3,850 deposit, he could have a LEAF for £397.17 per month. After three years, the car can be returned or refinanced, or the customer could invest in another Nissan.
Paul Willcox, Nissan Motor GB’s MD said, “Buyers can be confident that the LEAF will not lose value any faster than a conventional rival, thanks to the verdict of independent industry experts. Nissan is happy to show its confidence too and underwrite the future value using a PCP scheme. This will help drivers get behind the wheel of the new European Car of the Year 2011.”
For more details, customers should visit www.nissan.co.uk/LEAF