Fleet News

Mitsubishi announces finance offer for i-MiEV

Mitsubishi Motors has confirmed a wider range of competitive finance offers for their pure-EV, the Mitsubishi i-MiEV. The EU specification has been on sale since January 2011 to coincide with the UK government’s Plug-In Car Grant (P-ICG).

Since 1st January, nearly 170 vehicles have been operating on the UK’s roads driven by a whole host of different customers from private retail customers and corporate fleets to public sector organisations. Out of the sales thus far, contract hire and leasing customers are responsible for approximately 10%.

In addition to the new contract hire and leasing rentals, both retail and business user customers can benefit from a 0% APR Finance option. This offer is available on both regulated and non-regulated finance plans, with and without final balloon payments.

A minimum post grant deposit is required on both plans. For retail customers, this type of proposition means that ownership passes upon signing the agreement and for business users, the vehicle is an asset on the balance sheet and lower monthly payments aid cash flow.

In addition to these finance offers, independent residual value advisors, CAP, have predicted the Mitsubishi i-MiEV will retain 43% of its on-the-road price after the £5,000 government incentive P-ICG and after three years and 30,000 miles - which is better than most combustion engined rivals.

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