Unraveling the Mystery of Renault Zoe Battery Leasing Costs

Renault Zoe's Eight-Year Journey with Battery Leasing

PH owns an eight-year-old Renault Zoe and has been leasing the battery from Mobilize Financial Services at a monthly cost of £50. As the vehicle ages, questions arise about what happens if it breaks down and becomes too expensive to repair. Mobilize offers two options: buying the battery to end the lease or having it removed and returned to Renault.

In March, the cost to buy the battery was stated as £1,586. However, in September, it had increased to just over £2,000. This significant price hike, with Renault determining the value of the batteries, seems unjust to PH. The Electric Vehicle Association (EVA) England explains that a while ago, the cost was in the hundreds, but as the value of EV batteries has risen, so has the cost to end the lease.

The Phasing Out of Battery Leasing Models

Battery leasing was once a popular model, mainly used by Renault and Nissan to reduce the upfront cost of going electric. Buyers paid less for the car and leased the battery separately, paying a monthly fee based on expected mileage. This aimed to give buyers peace of mind during a time when battery longevity was uncertain.

However, more reliable batteries and better warranties have led to the phasing out of this arrangement. Nissan stopped offering leases a few years ago, and Renault Group now only has ongoing leases for a few older models like the Zoe. Mobilize, Renault's financial services provider, no longer offers battery leases on new vehicles, and existing customers have the option to purchase their battery with a 12-month warranty.

The Cost Implications of Battery Removal and Sale

PH inquired about the cost of removing the battery, and Renault customer services informed them that the local dealership would charge about £400. This is better than paying £2,000 for the battery, but PH still feels it is an unnecessary charge. EVA England has heard of places charging around £250, indicating that costs vary by dealer.

If PH were to sell the car, the new owner would have to take over the lease unless it is ended first. If the car is scrapped, there is a fee to remove the battery. It is advisable to shop around when the time comes to ensure the best deal.

Mobilize's Assistance and the Market's Influence

Mobilize has assured PH that it will help them reach the best and most appropriate outcome for their situation. However, it has little control over the price of batteries as it is determined by the value of the component parts, which fluctuate with factors like inflation.

This complex issue highlights the challenges faced by owners of older electric vehicles and the need for a more transparent and stable pricing system in the battery leasing market.