It’s been more than two years since the COVID-19 pandemic altered the way many Americans work. Some of us seem to have shifted permanently to work-from-home or hybrid work situations that have us driving less than ever. Nissan has launched a new lease program designed for car shoppers who rarely, or never, commute.
Most car leases have mileage limits. Nissan’s new SignatureFLEX lease program has an exceptionally low mileage limit – just 5,000 miles per year. Customers can add more for a rate lower than the typical penalty they pay for going over their mileage.
Jim DeTrude, vice president of sales and marketing for Nissan’s finance arm, tells reporters the company has seen demand for shorter leases every year since the pandemic began. In 2020, 67% of its leases had a 12,000-mile limit. In 2021, the company introduced a 10,000-mile lease, which became its best-seller.
We’ve seen 5,000-mile-per-year leases before.
Tesla’s three available suites of driver assistance software have been the subject of controversy, lawsuits, investigations, and frequent changes. They’re changing again. A little over a year after saying the systems could function safely without radar, Telsa has told the federal government it will put radar back into its cars.
