bradbissell
Well-known member
Based on the history of the 2011 & 2012 models can we assume that the money factor will slowly drop though out the year? Is Nissan basically screwing the early adopter (aka maximizing profit) due to low availability?
Unlikely.bradbissell said:Based on the history of the 2011 & 2012 models can we assume that the money factor will slowly drop though out the year? Is Nissan basically screwing the early adopter (aka maximizing profit) due to low availability?
bradbissell said:Based on the history of the 2011 & 2012 models can we assume that the money factor will slowly drop though out the year? Is Nissan basically screwing the early adopter (aka maximizing profit) due to low availability?
Not really. Because of the way Nissan has structured the lease, 24 months is indeed cheaper than 36 months. Look at the zero down figures I've posted below - 24 months is uniformly better than 36 months.Corina1231 said:I agree with SanDust. It is my experience that is ALWAYS cheaper per mile to do a 3 years, 36k over a 2 year 24k lease offer by the SAME dealer on the SAME vehicle.
evnow said:Not really. Because of the way Nissan has structured the lease, 24 months is indeed cheaper than 36 months. Look at the zero down figures I've posted below - 24 months is uniformly better than 36 months.Corina1231 said:I agree with SanDust. It is my experience that is ALWAYS cheaper per mile to do a 3 years, 36k over a 2 year 24k lease offer by the SAME dealer on the SAME vehicle.
ps : Ofcourse, tax + registration etc may tilt the balance in favor of 36 months. But then, you are driving an older car for the 3rd year and thus, it is not an apples to apples comparison.
nsps said:bradbissell said:Based on the history of the 2011 & 2012 models can we assume that the money factor will slowly drop though out the year? Is Nissan basically screwing the early adopter (aka maximizing profit) due to low availability?
As someone who recently chose not to lease a 2013 Leaf, favoring a more affordable EV option, I don't necessarily think it's fair to say Nissan is screwing the early adopter. The company has every right to try to maximize profits for an in-demand vehicle. If it stays in demand, all the better for the future of EVs (but worse for us prospective purchasers). If not, prices will naturally lower as they try to get more vehicles on the road and clear inventory for a new model. Early adopters always pay more for the priviledge of getting the technology first.
neoplasticity said:nsps said:bradbissell said:Based on the history of the 2011 & 2012 models can we assume that the money factor will slowly drop though out the year? Is Nissan basically screwing the early adopter (aka maximizing profit) due to low availability?
As someone who recently chose not to lease a 2013 Leaf, favoring a more affordable EV option, I don't necessarily think it's fair to say Nissan is screwing the early adopter. The company has every right to try to maximize profits for an in-demand vehicle. If it stays in demand, all the better for the future of EVs (but worse for us prospective purchasers). If not, prices will naturally lower as they try to get more vehicles on the road and clear inventory for a new model. Early adopters always pay more for the priviledge of getting the technology first.
I'm curious as to what EV option is more affordable than a Leaf. I was going to lease the leaf because it was the cheapest EV option I knew of.
Did you get invoice-$1000 VPP price ? Then, it is a good deal.w6vms said:Residual value is 62% and money factor is 0.00200. Location is Raleigh, NC.
Corina1231 said:Down ($923) plus total of payments ($212 x 24 = $6011) plus disposition fee in Nissan contract ($395) equals total cash outlay of $6406.
That is your total cost UNLESS your first month payment is included in your $923 down payment, which would change your total amount of payments to $212 x 23 = $5799, making your total outlay $6194.
Compare this to the nice deal Leafinthepark just landed on a similar 24 month, 15k a yr. lease of a 2013 SV in MN of $5945.
w6vms said:Corina1231 said:Down ($923) plus total of payments ($212 x 24 = $6011) plus disposition fee in Nissan contract ($395) equals total cash outlay of $6406.
That is your total cost UNLESS your first month payment is included in your $923 down payment, which would change your total amount of payments to $212 x 23 = $5799, making your total outlay $6194.
Compare this to the nice deal Leafinthepark just landed on a similar 24 month, 15k a yr. lease of a 2013 SV in MN of $5945.
The initial payment does include the first lease payment, so I'm not that far off from what Leafinthepark got.
Thanks!
It may be possible to get better than VPP, if someone negotiates well and the dealer really wants to sell.Corina1231 said:I generally agree with Evnow that the VPP lease is a "good deal". Having been a new car sales manager and monitoring this site for six months, however, I still believe that a good negotiator can often get a better deal.
evnow said:It may be possible to get better than VPP, if someone negotiates well and the dealer really wants to sell.Corina1231 said:I generally agree with Evnow that the VPP lease is a "good deal". Having been a new car sales manager and monitoring this site for six months, however, I still believe that a good negotiator can often get a better deal.
Good thing about VPP is that it involves no negotiation. That makes VPP a good deal.
BTW, locally my nearest dealer is putting a "market adjustment" of $4k above MSRP. Good luck getting a deal better than VPP in this kind of market !
Ford has a similar deal called "x plan". See if your employer qualifies for that.DaveinOlyWA said:is this on leases too? I checked 2 Ford Dealers on the Fusion Energi and they are adding either $2500 or $5000 "market adjustment" as well for sales. dont know about leases because I did a quick exit after seeing that.
evnow said:It may be possible to get better than VPP, if someone negotiates well and the dealer really wants to sell.Corina1231 said:I generally agree with Evnow that the VPP lease is a "good deal". Having been a new car sales manager and monitoring this site for six months, however, I still believe that a good negotiator can often get a better deal.
Good thing about VPP is that it involves no negotiation. That makes VPP a good deal.
BTW, locally my nearest dealer is putting a "market adjustment" of $4k above MSRP. Good luck getting a deal better than VPP in this kind of market !
Evnow,evnow said:It may be possible to get better than VPP, if someone negotiates well and the dealer really wants to sell.Corina1231 said:I generally agree with Evnow that the VPP lease is a "good deal". Having been a new car sales manager and monitoring this site for six months, however, I still believe that a good negotiator can often get a better deal.
Good thing about VPP is that it involves no negotiation. That makes VPP a good deal.
BTW, locally my nearest dealer is putting a "market adjustment" of $4k above MSRP. Good luck getting a deal better than VPP in this kind of market !
Enter your email address to join: