Living in Germany? Leasing Renault Zoe could be almost free!

Germany is currently subsidizing the vehicles so aggressively that leasing the best-selling five-door Renault Zoe EV is now becoming almost free!.

Not a fake news!. It’s true that Renault is offering the base model Zoe essentially for free, however the main reason for that is that they added an extra of 4.000€ to the already existing EV subsidies (which are 3.000€ by the government and 3.000€ by the OEM - Renault). Hence one is able to get the Zoe for basically 10.000€ off.

It’s also worth noting that the mentioned leasing is 24 months and doesn’t include the battery. At the end of the leasing period it either needs to be purchased or Renault continues to receive a leasing fee for the car. If one decides to purchase the car with above subsidies, the leasing rate quickly increases.

As a result of the financial incentives, prospective buyers in France and Germany are flocking to virtual showrooms. A free new Renault Zoe for 3 years sounds like a great deal to me! However, this is more a quirk of new government incentives being placed on top of existing Lease End Values, and therefore isn't sustainable.

Think about it - a free 3 year lease implies that the car is worth the same today as it is in 3 years time, and likely similar to price of a new car with subsidies in 3 years time. Grab this deal as fast as you can as it won't be coming back 😉

Guess the German government decision will not only help to steer and speed up the BEV market development by providing free leasing BEV but also to stimulate all linked BEV infrastructures which is not yet mature today following the fact that more and more people would accept to have their first try with the free leasing system so finally an efficient interactive effect can be achieved between the two.