Working From Residence? Nissan Launches Low-Mileage Leases

It’s been greater than two years for the reason that COVID-19 pandemic altered the best way many Individuals work. A few of us appear to have shifted completely to work-from-home or hybrid work conditions which have us driving lower than ever. Nissan has launched a brand new lease program designed for automotive customers who hardly ever, or by no means, commute.

Most automotive leases have mileage limits. Nissan’s new SignatureFLEX lease program has an exceptionally low mileage restrict – simply 5,000 miles per yr. Clients can add extra for a price decrease than the everyday penalty they pay for going over their mileage.

Jim DeTrude, vp of gross sales and advertising for Nissan’s finance arm, tells reporters the corporate has seen demand for shorter leases yearly for the reason that pandemic started. In 2020, 67% of its leases had a 12,000-mile restrict. In 2021, the corporate launched a ten,000-mile lease, which grew to become its best-seller.

We’ve seen 5,000-mile-per-year leases earlier than. However they’re sometimes supplied solely on unique vehicles few homeowners would deal with as a day by day driver. SignatureFLEX leases, as a substitute, are geared toward individuals who don’t drive day by day in any respect.

The ultra-low-mileage leases, for now, can be found solely on the Pathfinder midsize SUV, Rogue compact SUV, and the remaining Rogue Sport compact SUVs nonetheless on seller tons after Nissan just lately determined to retire the car.

The corporate says it’s going to add extra fashions to this system if it takes off.

Drivers can let Nissan observe their mileage via its in-vehicle Related Automobile Companies system. The corporate would then ship lessees month-to-month summaries of their driving and will immediate them to order extra miles in the event that they have been approaching their restrict.