|Nissan LEAF electric car|
Nissan’s new ‘Subscribe & Drive’ will allow motorists to own a new car for €356 per month without having to pay a deposit, writes Trish Whelan.
Motorists signing up to Nissan’s new service will also have the opportunity to trade in their old car and to cash in on its residual value as part of the new subscription model.
“Nissan is making it possible for Irish motorists to drive a brand new car for a price they can afford and to potentially put money back into their own pocket while doing so,” said James McCarthy, CEO of Nissan Ireland.
“Our subscription service is made for anyone who wants to release the equity in their old car and to drive away with a new one, without paying a deposit, for a fixed payment that fits within their monthly household budget,” he added.
Customers just need to sign up as a subscriber. They can then drive the car for an agreed term and hand it back on completion without any other obligation.
Motorists signing up can pay their monthly subscription fee over a 24 month or 36 month term, subject to finance approval, with the monthly cost of the car they choose varying accordingly.
Those subscribers opting for a 36 month term can expect to pay €356 per month for a Nissan Micra, €543 per month for a Qashqai crossover, or €605 per month for the 40 kWh fully electric Nissan LEAF.
Monthly subscription fees will also vary depending on the number of kilometres driven per year. Customers can choose annual limits of up to 10,000, 20,000 or 30,000 kms after which a charge per kilometre will apply for excess mileage. Optional service and maintenance fees can also be incorporated into their monthly subscription fee.
The ‘Subscribe & Drive’ service is available to customers, whether or not they have a car to trade-in.