Nissan X-Trail Hybrid now available on a 3-year subscription; RM1,800 per month

KUALA LUMPUR: Edaran Tan Chong Motor (ETCM), the franchise holder for Nissan in Malaysia, had earlier offered subscription-based ownership of the X-Trail Hybrid. Under this scheme, a buyer would need to pay RM 2,500 per month as the subscription price on a three-year contract. Nissan has now slashed down the subscription price by around 28% to RM 1,800 per month. The price cut has also been extended to the two-month security deposit, which is down to RM 3,600 now.

The new scheme brings down the total price of three-year ownership to RM 75,252 from the earlier total of RM 100,452. The company has also published an infographic on its website that highlights the benefits of subscription-based pricing over the hire purchase system.

As per the infographic, you are buying the same car on a hire purchase loan of seven years would need you to make a down payment of RM 17,388 and monthly instalment of RM 2,093. Whereas, in a subscription-based model, one needs to pay only RM 9,999 as down payment and RM 1,800 as monthly instalment. Also, in the hire purchase model, the customer will need to pay for the maintenance and service of the car from third year onward.

Whereas the subscription model comes with full warranty coverage, free maintenance, and zero depreciation. Although at the end of the hire purchase period, the customer will have a car to resell, its value would be significantly lesser.

If you want to go down the subscription route, there are a few points that you need to keep in mind -

• The car belongs to ETCM, and it goes back to the company at the end of the subscription tenure
• Customer need to pay for road tax, insurance, and wear and tear expenses
• There is a mileage cap of 60,000 km for three years. Beyond that, you would need to pay 50 sen per km

Besides the new Xtrail Hybrid, ETCM is also offering Nissan Leaf EV on a subscription-based model for RM 3,500 per month on a 3-year contract.

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