guythall said:
So, if I have an existing 20mpg ICE car:
Old Gas:1000 miles, 20 mpg, $4/gal = $200 per month on gas, plus $10/month oil & filter change = $210 / month
New LEAF: 1000 miles of electricity is about 300KWH at $0.10 = $30
Montly:
New LEAF Lease: $190 / mo (increased Drive-off by $195 to effectively take out first mo payment)
New LEAF Fuel: 30 / mo
less Old Gas Fuel/Oil: $210/ mo
NET: $ 20 / mo for a new car.
Drive-off (include down payment, Tire fee, Registration Fee....): $2,500 (actual would add back 1st mo pmt)
CA rebate = $2,500 (3 months later)
I wouldn't have to get rid of the Old Gas car either- but i'm now paying for 2 registations and insurance.
Very nice deal. Too bad the math doesn't work nearly as well for me as the ICE car is 45mpg which my Prius is. 1000 miles/month at $4.5/gallon is $100/month in gas. Maintenance is prepaid including oil so, and it's every 10k miles anyway, so negligible cost.
Your 300 kWh may be optimistic for 1000 miles. I think more likely 330 kWh or so.
You must have a municipal utility to pay only $0.10/kWh electric average. Even with PG&E E9 I think $0.10/kWh is optimistic. You get 3-4 cents off peak but the costs will increase during peak times and may more than offset any savings. Average PG&E costs are 15 cents/kWh. Mine would go to 26 cents per calculations.
At 333 kWh and 26 cents per kWh , electricity cost is $86.58 . Only $13.42 less than the $100 gasoline cost with the Prius ...
It gets worse.
My insurance would go up $41/month if I added the Leaf . Or $14/month if I replaced the Prius with Leaf.
Registration would add $33/month if I added the Leaf. Or $17/month if I replaced the Prius with Leaf.
So even if I replaced the Prius with Leaf, it would cost
$195 - $13.52 + $14 + $17 = $212.48 more a month ... And then I would lose the ability to make long range trips.
Adding the Leaf and keeping the Prius would cost $195 - $14.58 + $41 + $33 = $254.42 more per month.
The monthly lease price of the Leaf would literally have to be negative a couple hundreds for it to make sense for me based on numbers only
Or gas to go to $12/gallon.