Last update 16. November 2021 Reading time 2:00 min
About Nissan Intelligent Ownership
Nissan Intelligent Ownership is a subscription service specifically for Nissan vehicles, aimed at longer-term subscribers. Offering 2, 3, or 4-year plans on a range of Nissans, the service includes no down payment, insurance included, and the standard maintenance and roadside assistance that is typical in the subscription market. The main feature of Nissan Intelligent Ownership is that customers can purchase their vehicles at the end of their subscription tenure if they wish. Currently, the service is available in Delhi, Gurugram, Noida, Chennai and Hyderabad but Pune, Mumbai and Bangalore will soon be added.
How it works
Customers can choose their plan (anything between 24 and 48 months) then a mileage plan (10,000/12,000/15000/ 18000 km per year). Then, after driving license and financial viability checks, you can choose a delivery date and time, for which you must be present to speak to the concierge. During the subscription term, you can extend or take the option to buy by notifying Nissan Intelligent Ownership with 7 days’ notice. If you wish to cancel before the end of your term, you can do so after you have completed 50% of the agreed term. If you wish to cancel before that, you will incur a charge.
Costs and fees
The processing fee is 2500 INR, plus a refundable security deposit and the first month’s subscription up front. The typical subscription fee is between 20,000 and 40,000 INR per month, although this caries based on location and the length of term you sign up to.
The excess mileage fee is 5 INR/km plus GST, and the penalty for late payments or early cancellations is 2% of the monthly subscription cost per day.
Brands and models
The current list of available vehicles is:
- Magnite (MT XV\MT XV PREMIUM\ TURBO MT XV\ TURBO MT XV PREMIUM\ TURBO CVT XV\ TURBO CVT XV PREMIUM)
- Kicks (XV 1.5\ XV 1.3 TURBO\ XV Premium 1.3 TURBO\ XV 1.3 TURBO CVT\ XV Premium (O) Dualtone 1.3 TURBO)
- Redi Go (A\ T (O) 0.8L\ T (O) 1.0L\ T (O) 1.0L AMT)
To extend a subscription, customers must give 7 days’ notice. For cancellations, it is 30 days.
What’s Special about Nissan Intelligent Ownership?
As part of the Nissan company, the main plus point for Nissan Intelligent Ownership is that it provides access specifically to newer Nissan models that other subscription companies can’t offer. For customers who enjoy Nissan’s vehicles, and for those people who are looking for a longer term subscription with the possibility of buying, Nissan Intelligent Ownership represents a good opportunity. The price and mileage options are varied enough to appeal to a wide demographic, and the lack of substantial down payment is also helpful in terms of ease of entry into the market (although Nissan Intelligent Ownership do conduct financial checks prior to sign-up).
Nissan Intelligent Ownership is a subscription service that aims to provide customers with a long-term try before you buy model. The company want to incentivise customers to purchase the vehicles and this is reflected in the subscription options being relatively long term (2 years plus). The Nissan range available is currently quite limited, but the 20,000 INR entry level option is affordable to many, and there is the promise of expansion, both in terms of locations offered and the breadth of the vehicle list.