Buy the car, Lease the Battery

This thought was posted on Thinkaloo on 23 October 2007 by member james85

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Smart idea from Norway. A two-seat, electric-powered car that is environmentally friendly and very inexpensive.

It’s called the Think City Car, here is the site to take a look http://en.think.no/

You can buy the car for only USD 15,000 to 17,000 for the vehicle, but the company leases the battery.

The battery could cost an estimated USD 34,000, more than the price of a low-end luxury vehicle in most countries.

By leasing it, you don’t pay a large amount upfront and you assume fewer risks as a buyer. The company replaces the battery when it runs into problems.

Great idea, I thought it should be posted and supported here as well!