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Renault scraps battery lease for the new Zoe

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Renault has announced class-leading predicted Residual Values (RVs) of up to 42 per cent, according to industry experts CAP. Calculated over three years and 30,000 miles, Renault says that this figure compares strongly with other new all-electric models in the market.

The new Zoe will be offered in the UK exclusively with the ‘Full Purchase’ option that includes the battery and therefore has no monthly battery lease payments.  The ‘Battery Lease’ option will no longer be available in the UK.  Renault says this is as a result of the “significantly improved class-leading residual values, which enable a more competitive full purchase price and customer offer”.

Renault says that the offer of only a Full Purchase option simplifies the choice for customers and is in line with the rest of the Renault Z.E. range and the UK electric vehicle market. As more consumers choose electric cars in the UK, residual values of full-electric vehicles have improved considerably, meaning they are more affordable than ever.  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, in line with Renault’s aim of Sustainable Mobility For All.  The recent improvements to the RV 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.

The New Zoe is available with 0 per cent APR Renault Selections PCP, with the innovative electric hatchback now available in Play R110 Z.E.50 guise from as little as £269 per month with a deposit of just £2,995. Customers can take advantage of this offer immediately, with New ZOE available to order now.

The 0 per cent Renault Selections PCP finance package is available on all New Zoe models over a 24-month term. Under the scheme, monthly payments range from just £269 for the Play R110 Z.E.50 up to £309 for the flagship GT Line R135 Z.E.50 with optional 50kW DC rapid charger that can deliver up to 90 miles range in as little as 30 minutes.

New Zoe Play R110 Z.E.50 – representative Selections PCP example

Duration 25 months
Monthly payments £269
Customer deposit £2,995
Renault deposit contribution £562
Cash price (after £3,500 Plug-in Car Grant) £25,670
Total amount of credit £22,113
Optional final payment £15,657
Total amount payable (including optional final payment) £25,670
Fixed interest rate (per annum) 0.00%
Representative APR 0.00%
Cost of credit 0
  24     monthly payments

*  = CAP RV forecast at 3 years / 36,000 miles (September 2019)

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