Changes to the 24 month LEAF lease

[Meister]

Hi from the LEAF Meister,

Since March of this year Nissan North America has reduced the residual value of the 2013 LEAF by 5% points on a 24 month lease.
This coupled with changes, both up and down, in the money factor has had the effect of raising the monthly payment roughly $150 per month plus tax.

I read the recent article in the Wall Street Journal, in effect proclaiming the LEAF to be essentially a free car. I guess free is free at $200 per month or $350 per month but I like FREE as cheaply as I can get it.

Hey I know what everyone who has driven the LEAF knows this is an incredible deal and I fear it will not last for long.

So say the Meister

 

[evnow]

Hi from the LEAF Meister,

Since March of this year Nissan North America has reduced the residual value of the 2013 LEAF by 5% points on a 24 month lease.
This coupled with changes, both up and down, in the money factor has had the effect of raising the monthly payment roughly $150 per month plus tax.

Do you know the exact residual & MF (for 12k miles, for eg) ?

 

[Deleted member 8423]

So say the Meister

:roll:

 

[LeftieBiker]

Hi from the LEAF Meister,

Since March of this year Nissan North America has reduced the residual value of the 2013 LEAF by 5% points on a 24 month lease.
This coupled with changes, both up and down, in the money factor has had the effect of raising the monthly payment roughly $150 per month plus tax.

I read the recent article in the Wall Street Journal, in effect proclaiming the LEAF to be essentially a free car. I guess free is free at $200 per month or $350 per month but I like FREE as cheaply as I can get it.

Hey I know what everyone who has driven the LEAF knows this is an incredible deal and I fear it will not last for long.

So say the Meister

Could I have a clearer explanation of this? I leased a 2013 SV in May, and since I'm paying $149 a month now, with about $1500 down plus tax, I'm pretty sure it wasn't $0.00 per month either before or after that date. I know the Money Factor is the effective interest rate, so what's all this mean, in plain English?

 

[apvbguy]

Could I have a clearer explanation of this? I leased a 2013 SV in May, and since I'm paying $149 a month now, with about $1500 down plus tax, I'm pretty sure it wasn't $0.00 per month either before or after that date. I know the Money Factor is the effective interest rate, so what's all this mean, in plain English?

I believe that the implication is that after factoring the savings from not buying fuel it is like having the car at no cost

 

[LeftieBiker]

Could I have a clearer explanation of this? I leased a 2013 SV in May, and since I'm paying $149 a month now, with about $1500 down plus tax, I'm pretty sure it wasn't $0.00 per month either before or after that date. I know the Money Factor is the effective interest rate, so what's all this mean, in plain English?

I believe that the implication is that after factoring the savings from not buying fuel it is like having the car at no cost

Thanks. I don't travel nearly enough for that, and the savings is compared to a Prius, not a typical ICE. I'm driving a Leaf because I want to drive an EV, and one that is comfortable, sporty, and practical. I'm basically paying to lower my carbon footprint and to help promote EVs as a practical mode of transportation.