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Nissan Leaf residual values looking good

Industry publication Fleet News has revealed that Nissan’s electric vehicle the “Leaf” will retain almost half its value (including the government discount) after three years of use; according to new figures it obtained from CAP.

The Leaf is Nissan’s new compact 5-door hatchback electric car which is scheduled to commence sales in the US and Japan in December this year and in the UK by the following March. According to Nissan the range will be 100 miles of city driving with a top speed of 87 mph and can be fully recharged from empty in less than 20 hours from a standard household plug or in just 8 hours from a 220/240 volt 30 amp electrical supply.

The cost of charging an electric vehicle to drive its maximum potential range of 100 miles is usually four or five times less expensive than travelling 100 miles in a petrol or diesel powered vehicle.

The electric car, which is available to order and will begin arriving with customers in March 2011, is valued at 40% of its original £28,990 cost on October’s CAP monitor at three years/30,000 miles and is the first used value to be supplied for the latest generation of electric vehicles.

However, for customers receiving the £5,000 discount on electric vehicles currently being offered by the Government, it will result in a residual value of 46% over the same period.

CAP’s Mark Norman told Fleet News: “The Leaf should have a shallower depreciation curve than conventional cars; the electric motor has fewer moving parts than an internal combustion engine so when mechanical issues and wear and tear begin to affect other cars, the Leaf should still be running well.”

The cost of charging an electric vehicle to drive its maximum potential range of 100 miles is usually four or five times less expensive than travelling 100 miles in a petrol or diesel powered vehicle.

News source: Fleet News / CAP

Sep 28, 2010MTI
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