Which is cheaper, leasing the battery or buying it?

Leasing, although the margin is small. The leasing plan totals RM93,219 over 9 years against RM93,999 for full purchase, a difference of RM780. Lower financing interest widens that gap further.

What happens if I sell the car before the lease term ends?

The lease agreement still binds, and outstanding payments have to be settled when the lease is terminated. Refer to the Product Disclosure Sheet and the full agreement for early termination terms before signing.

Can I sell the QV-E if the battery is leased?

The Product Disclosure Sheet prohibits selling, subletting or transferring the battery itself, which remains Perodua's property for the term. Selling the car is a separate matter governed by the full Battery Lease Agreement rather than the disclosure sheet, so ask for those clauses in writing before you sign if resale flexibility matters to you.

What happens if I miss a battery lease payment?

Reminders are issued and the Battery Performance Guarantee is suspended. After two months of missed payments the vehicle start function may be disabled, and after three months the lease agreement is terminated. Payment is due by the 10th of each month.

Do I own the QV-E battery after 9 years?

No. Ownership stays with Perodua throughout, and you hold the right of use. What changes after the 108 payments is that there is nothing more to pay: the battery stays in use until its state of health drops below 70 percent, at which point Perodua replaces it free of charge.

Does the leasing plan affect loan approval?

The amount financed is lower because the price of the car is lower, but the RM215 monthly lease is still a commitment. Some banks combine the lease payment with the car instalment through an integrated payment method.

Perodua QV-E: Battery Leasing or Full Purchase?

For the Perodua QV-E, battery leasing costs RM69,999 plus RM215 a month, while full purchase costs RM93,999. The lease is not open-ended. It is fixed at 9 years, so the leasing plan totals RM93,219, which is RM780 less than buying outright.

Published by bandingcar. Updated: 2 August 2026

What Battery-as-a-Service means on the QV-E

Battery-as-a-Service, usually shortened to BaaS, means the battery is not sold with the car. Perodua remains the owner and you pay a monthly lease for the right to use it. Because the battery is not in the sale price, the price of the car drops by RM24,000.

The agreement uses the Ijarah concept, a lease. The payment is RM215 a month and the amount is fixed for the whole term. Three months of lease is paid in advance and set off against the final three months, so it is not an extra cost.

What the QV-E costs each way

The part most easily missed: the lease term is fixed at 9 years, or 108 months. After that the payments stop, and the battery stays in use with nothing further to pay until its state of health falls below 70 percent.

So the arithmetic is this. Leasing: RM69,999 plus 108 payments of RM215, which is RM23,220, for a total of RM93,219. Full purchase: RM93,999. The difference is RM780, in favour of leasing.

Those are the standard prices. A limited-time Special Rebate of RM6,500 applies to both plans until 30 September 2026, bringing them to RM63,499 and RM87,499, which is where most published figures come from. The rebate comes off both equally, so the RM780 gap between them does not move.

That calculation does not yet account for financing interest. With the leasing plan you finance RM24,000 less, so the interest paid to the bank is lower too. That widens the real gap rather than narrowing it.

What you give up, and what you gain

The real difference is not money. It is ownership and coverage.

With leasing, the battery is not yours. You hold the right of use for the term.
With leasing, the 70 percent state-of-health guarantee has no mileage limit at all, and Perodua replaces the battery free if it falls below that.
With leasing, battery servicing is included at no cost, and the battery takaful is arranged and paid by Perodua, so your own vehicle cover excludes it.
With full purchase, the battery is entirely yours and there is no monthly commitment.
With full purchase, the battery warranty is capped at 8 years or 160,000 kilometres.
Both come with the same vehicle warranty, 6 years or 150,000 kilometres.

What the lease commits you to

The Product Disclosure Sheet sets out obligations that the price comparison does not show, and they are worth reading before signing rather than after.

You may not sell, sublet, transfer, tamper with or attempt to repair the battery. It stays Perodua's property throughout.
Battery servicing, repair and replacement must be done only at designated Perodua service centres.
Payment is due by the 10th of each month. Miss one and the Battery Performance Guarantee is suspended.
After two missed payments the vehicle start function may be disabled. After three, the lease is terminated.
If an incident happens while the car is outside Malaysia, you carry the cost of transporting it back to a Perodua service centre.

When each option makes sense

Leasing suits you if you cover high mileage each year, because the state-of-health guarantee has no kilometre cap. It also suits you if you want the financed amount as low as possible, since the loan is calculated on RM69,999 rather than RM93,999.

Full purchase suits you if you would rather not carry a monthly commitment for nine years even though it is fixed and modest, or if you simply want to own the entire car including the battery. Your annual mileage should sit comfortably within the 160,000 kilometre limit.

What is clear is that the leasing plan is not a subscription trap. It stops after nine years and works out slightly cheaper. The decision is about ownership rather than price.

Frequently asked questions

Does the QV-E battery lease continue forever?: No. The lease term is 9 years, or 108 months, starting from the vehicle delivery date. After that the payments stop and the battery stays in use with nothing further to pay until its state of health falls below 70 percent.
Which is cheaper, leasing the battery or buying it?: Leasing, although the margin is small. The leasing plan totals RM93,219 over 9 years against RM93,999 for full purchase, a difference of RM780. Lower financing interest widens that gap further.
What happens if I sell the car before the lease term ends?: The lease agreement still binds, and outstanding payments have to be settled when the lease is terminated. Refer to the Product Disclosure Sheet and the full agreement for early termination terms before signing.
Can I sell the QV-E if the battery is leased?: The Product Disclosure Sheet prohibits selling, subletting or transferring the battery itself, which remains Perodua's property for the term. Selling the car is a separate matter governed by the full Battery Lease Agreement rather than the disclosure sheet, so ask for those clauses in writing before you sign if resale flexibility matters to you.
What happens if I miss a battery lease payment?: Reminders are issued and the Battery Performance Guarantee is suspended. After two months of missed payments the vehicle start function may be disabled, and after three months the lease agreement is terminated. Payment is due by the 10th of each month.
Do I own the QV-E battery after 9 years?: No. Ownership stays with Perodua throughout, and you hold the right of use. What changes after the 108 payments is that there is nothing more to pay: the battery stays in use until its state of health drops below 70 percent, at which point Perodua replaces it free of charge.
Does the leasing plan affect loan approval?: The amount financed is lower because the price of the car is lower, but the RM215 monthly lease is still a commitment. Some banks combine the lease payment with the car instalment through an integrated payment method.