2013/2014 Nissan Leaf Lease Information

[Gryz]

I've leased Silver SL last week.
(WA, have VPP)

$1000 down, $245 per month, 24 months, 12k miles per year.
Dealer also threw in Security+Plus plan.

How's this?

 

[alxforschnr]

Okay, here are the details.

I live in Westschester, NY

2013 Slate Nissan SV with black cloth. Nav, LED lights, QC, Premium Package.

36 months, 12k
1,200 upfront and 332 per month.

Also, having a special ad getting a $250 Amazon gift card.


Sounds fair right?

 

[asimba2]

I downloaded the lease calculation spreadsheet at the beginning of this thread and finally understand how drastically the residual value and money factor change the cost of ownership. Is there a way to know what residual and money factor Nissan will use ahead of time?

I'm basically trying to calculate what this car will cost me, trying different lease lengths to see if this car is even worth considering.

 

[Deleted member 9549]

I downloaded the lease calculation spreadsheet at the beginning of this thread and finally understand how drastically the residual value and money factor change the cost of ownership. Is there a way to know what residual and money factor Nissan will use ahead of time?

I'm basically trying to calculate what this car will cost me, trying different lease lengths to see if this car is even worth considering.

Have you found anyway to figure out the money factor and residual other than trying to ask a dealer? In particular, I wonder how often NMAC changes those values. I've been given so many vastly different, but always increasing values for the same lease for what should be VPP pricing. I can't tell if they're misrepresenting VPP or if residuals change during the month.

 

[asimba2]

Have you found anyway to figure out the money factor and residual other than trying to ask a dealer? In particular, I wonder how often NMAC changes those values. I've been given so many vastly different, but always increasing values for the same lease for what should be VPP pricing. I can't tell if they're misrepresenting VPP or if residuals change during the month.

I've heard residuals do change throughout the month, but to answer your first question, I am using the money factors numbers on page 1 of this thread, which vary from a low of 0.00005 to a high of 0.00047. Using the spreadsheet I mentioned above, a change from the lowest of the aforementioned to the highest changes the payment for a VPP SV around $17 per month. However, I've seen residuals as low as 39% and as high as 61%, the monthly difference between those two numbers is $198 per month! Naturally I am pretty interested in knowing the residual, because it changes things drastically.

 

[cheapdad00]

Have you found anyway to figure out the money factor and residual other than trying to ask a dealer? In particular, I wonder how often NMAC changes those values. I've been given so many vastly different, but always increasing values for the same lease for what should be VPP pricing. I can't tell if they're misrepresenting VPP or if residuals change during the month.

I've heard residuals do change throughout the month, but to answer your first question, I am using the money factors numbers on page 1 of this thread, which vary from a low of 0.00005 to a high of 0.00047. Using the spreadsheet I mentioned above, a change from the lowest of the aforementioned to the highest changes the payment for a VPP SV around $17 per month. However, I've seen money factors as low as 39% and as high as 61%, the monthly difference between those two numbers is $198 per month! Naturally I am pretty interested in knowing the money factor, because it changes things drastically.

The 39% and 61% are residual values as opposed to money factors. Money factors that high would be considered usury.

 

[TomT]

To figure the interest rate, multiply the money factor by 2400...

 

[asimba2]

The 39% and 61% are residual values as opposed to money factors. Money factors that high would be considered usury.

I'm sorry, that's what I meant. I will edit my post.

 

[Corina1231]

First time leaser...
In Norcal I am getting a quote of $2500 Driveoff, $268 per month plus tax for a 2013 SV with QC (I qualify for VPP and showed my office badge)

is that a good deal? This is for a 36 month 15000 miles per year

The Stanford VPP deal is better. Can you get that or ask them about it? The $2500 at signing makes it quite a bit higher.

I don't agree. The Stanford employee deal does not include the expensive QC/Led option, title and license fees, and is based on 12k miles a year instead of 15k. The Stanford deal is a standard VPP deal ($1000 under dealer invoice) except with a $200 higher destination charge than normal. Nevbies deal appears to be a standard VPP deal ($1000 under dealer invoice) with the normal $595 destination charge. If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).

 

[asimba2]

If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).

Would like to know the residual value they used too...

 

[chuckos]

If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).

Would like to know the residual value they used too...

I have the residuals that were used in some quotes i received.. I only have them for SV models. 24month lease/12K - 51% and money factor was .000080 this month. Hope that helps..

Charles

 

[Deleted member 9549]

The Stanford deal is a standard VPP deal ($1000 under dealer invoice) except with a $200 higher destination charge than normal. Nevbies deal appears to be a standard VPP deal ($1000 under dealer invoice) with the normal $595 destination charge. If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).

I've never seen a $595 destination charge. $850 is what it shows on the Nissan website and what we paid in May. Does that vary by region?

 

[tomchaps]

Boardwalk Nissan in Redwood City (near Stanford) quoted me a $595 destination charge just last week. I thought that was high, personally...

 

[cheapdad00]

I thought destination was the same amount per model everywhere in the country with variance between models where larger vehicles cost more (so Armada would cost more than Leaf). Some sort of negotiation between manufacturers/dealers and UAW so that destination charge for vehicles sold close to the plant of manufacture was the same as for ones sold across the country.

 

[RonDawg]

When it comes to the destination charge, like just about everything else on the car, it is negotiable. The final price at the bottom is all that matters.

 

[sreeramk]

Gentlemen, please tell me if I should become a first time lessee with this deal or if I should work on improving this.

This is for a Brilliant silver 2013 SL with VPP factored in that my wife's company qualifies for.

Payment for car purchase in California

$275 plus tax with $1999 due or
$232 plus tax if $1999 plus the $1600 drive offs

This is for 36 months with 36K miles. We will usually drive way under 10K miles per year.

 

[Deleted member 9549]

Gentlemen, please tell me if I should become a first time lessee with this deal or if I should work on improving this.

This is for a Brilliant silver 2013 SL with VPP factored in that my wife's company qualifies for.

Payment for car purchase in California

$275 plus tax with $1999 due or
$232 plus tax if $1999 plus the $1600 drive offs

This is for 36 months with 36K miles. We will usually drive way under 10K miles per year.

I can't speak for how good the deal is overall, but generally it's in your best interest to reduce what you pay up front. If you drive <10k miles a year, ask about a lease with 10k miles per year. They should have one cheaper.

 

[sreeramk]

I can't speak for how good the deal is overall, but generally it's in your best interest to reduce what you pay up front. If you drive <10k miles a year, ask about a lease with 10k miles per year. They should have one cheaper.

Awesome idea! I have asked the rep about the same. I hope he has one. I'll report back if it works

 

[njb27]

Hi all -

We've decided to wait on the LEAF for the time being, but I just wanted to mention for anyone in the Northwest who's looking that I did quite a bit of hunting around and Advantage Nissan over in Bremerton had the best deal I was able to find. At the time, I was looking at $249/mo for 36 mos, $0 down, $0 out the door for S + charge package. Since then, I've seen their base S deal (without charge package) get better - it's now $199/mo, $0 down (it says $229/mo on the website, but got an email from them saying it was $199/mo) - so maybe the S + charge package deal could be better too.

Of course, the offers change all the time, so no guarantees this would be available, but always worth a try. If you're interested, Adam Green is the person to ask for, he's the EV specialist over there. (And no, I don't work for Advantage Nissan. Adam just did a great job and the deal seemed to be the best around, so thought I'd spread the word.)

Cheers!

 

[sreeramk]

I don't see any lease details that show 0 down. Can you please post a link?

I am negotiating a 250/month + 2000 down for a SL. Not sure if it will go through, but will post the outcome.

Hi all -

We've decided to wait on the LEAF for the time being, but I just wanted to mention for anyone in the Northwest who's looking that I did quite a bit of hunting around and Advantage Nissan over in Bremerton had the best deal I was able to find. At the time, I was looking at $249/mo for 36 mos, $0 down, $0 out the door for S + charge package. Since then, I've seen their base S deal (without charge package) get better - it's now $199/mo, $0 down (it says $229/mo on the website, but got an email from them saying it was $199/mo) - so maybe the S + charge package deal could be better too.

Of course, the offers change all the time, so no guarantees this would be available, but always worth a try. If you're interested, Adam Green is the person to ask for, he's the EV specialist over there. (And no, I don't work for Advantage Nissan. Adam just did a great job and the deal seemed to be the best around, so thought I'd spread the word.)

Cheers!