Your commitment and payments stops as soon as this happens. Do NOT do this, if the dealer hasn't taken on the battery agreement themselves first. The VAT is obviously reclaimable for a business. However, there are a few exemptions to this: Within the battery agreement is an insurance value for the battery pack. Due to the high figure I suspect no one has ever done this as it would be cheaper to sell the vehicle and upgrade to a newer vehicle with a larger battery. A new solution is being sought and transfers may be possible in the future. If the car cost £6,500 and the battery value is £6,500, then you declare the vehicle value at £13,000 and make sure they note that it is a hired battery pack. You're welcome to contact me if you have questions regarding battery leases. If you're likely to change car within that 5 years, its cheaper to hire the batteries than to own them and you've got the money in your bank rather than tied up in the deprecating car. When Nissan and Renault first launched electric cars in the UK in 2011, there were plenty of scare stories in the press about how long battery packs will last and the cost of replacements. Your budget can then go further and meaning you can buy a newer vehicle that is still under warranty and with lower mileage. This is why many motor dealers, including Renault dealers, don't deal with second-hand battery leased vehicles. It is not currently possible to buy a leased battery to stop lease agreement. All Renault & Nissan agreements are with RCI Financial Services Ltd, based in Maple Cross. You're then taking all the risk, whereas the motor dealer should be doing this. Some are already working on early Nissan Leaf batteries in the UK, but its all early days yet and until the EVs get older, there's not enough demand yet for anyone to make a business from this service. When you rent the battery, the performance of the battery is guaranteed. Typically this is around £7,200 for a 5 year old 22kWh pack in a Renault Zoe or Kangoo. The older EVs get, the more attractive hired batteries are, as you have no worries about the cost of a replacement battery pack. When insuring your electric vehicle with a hired battery, you need to include the battery in the declared value of the vehicle. RCI look after all of Renault, Dacia, Nissan & Infinity finance and are a subsidiary of RCI Banque based in Paris. That way they took responsibility of the battery pack and guaranteed it. If purchased, the Renault ZOE battery is guaranteed for a period of 8 years or a distance of 160,000 km. Renault were doing 22kWh to 40kWh Zoe battery upgrades in late 2017 in some European countries and was muted to be available in the UK in early 2018.

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