Avis Budget Group, Inc. (NASDAQ:CAR): Fleet Order Of 400 Nissan LEAF Electric Cars
Denver, CO, 04/08/2014, (Avauncer.com) – Owned by Avis Budget Group, Inc. (NASDAQ:CAR), AVIS car rental, has taken a significant step ahead in increasing the number of electric cars on the roads of Denmark. To be precise the Avis has ordered 400 Nissan LEAF electric cars. The LEAF cars will be supplied to the Danish Businesses on flexible mini-lease deals.
The actual project
Avis Budget Group, Inc. (NASDAQ:CAR) is one of the world’s biggest car rentals and corporate fleet services companies. This is a significant step taken to increase the usage of electric cars in Denmark. The Danish Government wants to encourage the use of electric cars. It expects at least 1,400 electric cars to run on its nation’s roads.
The flexibility of mini-lease deals
Avis Budget Group, Inc. (NASDAQ:CAR) has carefully planned the strategy to make electric car adoption easy in Denmark. It will offer the flexible mini-lease deals to the customers. The time frame will also be flexible and will vary as per the customer’s preference. It is going to stay in the range of one month to thirty-six months in length. The flexibility of lease is a feature that the customers will certainly cheer and welcome.
The cost factor
The cost factor is the main thing in focus in this electric car adoption project. The customers will find the electric cars as a better alternative over the conventional gasoline powered car. It is because the customer will have the freedom to reclaim VAT of the rental back. The monthly headline cost i.e. expected to be around 3,495 DKK (£387, $644) per month will cover all the cost including insurance and taxes. The deal is partly funded by the Danish Energy Agency (DEA).
The expansion of electric cars adoption in Denmark is positive for the parent company. Avis Budget Group, Inc. (NASDAQ:CAR) already owns the ad-hoc car sharing service named as ZipCar and now with the new project it can enhance its overall performanceDISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. - Contact us at support @ avauncer dot com if you have any questions or comments.