If You Lease the Casper Electric Car, Battery Cost Discounted in Advance... 270,000 KRW per Month

Hyundai Motor Company announced on the 27th that it has launched a dedicated lease financial product for the Casper Electric, called the 'Battery Care Lease,' in collaboration with Hyundai Capital. This specialized financial product lowers the lease price by reflecting the residual value of the battery in advance.

It is also possible to check driving and charging habits or battery status in real time through the official application. The initial lease price was reduced by applying a purchase method that reuses and recycles the battery after use. The battery price discount was determined based on the residual value assuming an average lifespan of 10 years for the Casper Electric vehicle. Hyundai Motor Company, Hyundai Glovis, and the battery manufacturer bear the cost through a lead purchase method.

Photo by Hyundai Motor Group

When customers purchase the Casper Electric through a new car lease for 5 years, they receive a discount in advance equivalent to the battery price at the vehicle's scrapping point, which is 10 years later. It is even cheaper compared to gasoline models of the same class. Leasing a gasoline model for 5 years costs about 287,000 KRW per month, while the electric vehicle costs 273,000 KRW. It can be driven for less than 10,000 KRW per day.

After the new car lease ends, the vehicle is sold as a used car lease for 5 years, then scrapped, and the lead purchasing company collects the battery. The collected battery is either reused in ESS (Energy Storage Systems), electric vehicle charging stations, etc., depending on its remaining life and performance, or recycled into new batteries by extracting raw materials such as lithium and nickel.

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