Jaguar to launch ‘Second Life Leasing’ for used EVs
Jaguar is set to launch a corporate used car leasing product, possibly called Second Life Leasing. It’s developing the product with its financial partner Lex Autolease and is expected to launch it in September, before opening to salary sacrifice customers by Q1 2024.
The product would be offered on the electric Jaguar I-Pace and would help offset the high leasing prices of EVs. Vehicles at the end of their first leasing period would be used, and refurbished before entering the second leasing period.
The company, said JLR’s general manager of fleet and business Andrew Jago, is developing the new product gradually in order to gauge demand.