As Ford Authority reported back in June, customers who opt to lease one of Ford’s EVs won’t be able to purchase those vehicles at the conclusion of their lease term – a common practice in the automotive world that’s only grown as used vehicle prices continue to rise. This change was “reportedly being made to support Ford’s efforts to lower battery production costs and go carbon neutral,” but The Blue Oval isn’t alone in that regard – in fact, Tesla stopped letting its lessees purchase their vehicles a few months prior to this decision. Now, yet another automaker has made this same change – Nissan – according to a dealer bulletin recently seen by CarsDirect.
Nissan actually discontinued its EV lease purchase option back on December 12th, a move that affects those leasing or planning to lease a Leaf or Ariya, the two all-electric vehicles currently on sale. The automaker later confirmed this change and noted that it’s being made for the same reasons Ford and others are going this particular route – to reduce battery supply chain costs while also helping lower vehicle costs for customers and protect the environment by recycling batteries.
“Nissan’s commitment to building sustainable and affordable Battery Electric Vehicles (BEVs) by creating technology to refabricate, recycle, resell, and reuse the EV batteries spans more than a decade,” said Nissan spokesperson Dan Passe. “The adjustment to our lease agreement marks the latest move toward our commitment to becoming carbon neutral by 2050 by creating second-life opportunities through our controlled disposal and harvesting process.”
Though lease buyouts are commonly available and have been for years, it seems as if that particular option may prove elusive for EV buyers moving forward, which is an important consideration for anyone thinking about holding onto one of those vehicles for the long term.