50 for Free?
"Highly Favorable" Lease Deals Work in Favor for i-MiEV
We speculated at the time that those 4 cities choose the i-MiEV due to some steep discounts offered to them. Well, it turns out we were right. Or at least mostly right.
Those 50 i-MiEV were leased under "highly favorable" terms. In this case, "highly favorable" means free for a few years.
All four cities will get to use the i-MiEVs without paying a dime until the third year of their lease contracts. Quite the deal, right?
Additionally, it's believed that the 50 i-MiEVs will save the cities something like $110,000 in fuel costs over the next three years.
So, no risk upfront. 3 years of no payments and over one hundred thousand in saving to put in the bank. How could any city pass on a deal like that?