Is this a good lease deal?

[evergreen25]

I am looking to lease a 2012 Leaf and I have a dealer quoting these terms:
A 24-month lease with a residual of 57% and a money factor of .00003 with your trade of $1500 hundred and you putting $2500 down your monthly payment would be $194.50.
The residual value is $21,813.90.

The dealer said they could get a better deal on a 24 month lease right now - not sure if that makes sense or not. Seems like a pretty decent deal to me, but just want to make sure since I've never leased before.

Thanks for any thoughts!
Dave

 

[MrIanB]

Looks good and go into this link and see last few pages for recent leases and compare against yours.
Let us know the outdo,e and good luck.

Ian B

http://www.mynissanleaf.com/viewtopic.php?f=23&t=1067&start=480" onclick="window.open(this.href);return false;

 

[chilipepper]

We just leased one 2 days ago. You can get a better deal if you go to 36 or 39 months. Our residual was 47% and $17600. That is with $1999 down and $186 a month, 39 mo, and 15K miles a year. Just a couple of things to consider.

 

[TEG]

http://www.greencarreports.com/news/1079684_2012-nissan-leaf-gets-even-cheaper-now-139-month-lease" onclick="window.open(this.href);return false;

 

[DaveinOlyWA]

payments of $194 and $4000 down on 24 month lease makes weighted down of 4000/24 = $166 + 194 or $361.

not a bad deal at all. cheaper than mine and yours has the CWP

 

[ljwobker]

This looks awful to me. I just did a 24 month lease for a total of $5750 over the life of the lease.

If you back out $1500 in trade in, you're left with $4250 to spread over 24 months... which would be $2500 down and then (4250 - 2500) / 23 --> just over $75/month! ;-)

The lease incentives have changed since I got mine, but no matter what I think you're WAY too high here.

 

[DaveinOlyWA]

This looks awful to me. I just did a 24 month lease for a total of $5750 over the life of the lease.

If you back out $1500 in trade in, you're left with $4250 to spread over 24 months... which would be $2500 down and then (4250 - 2500) / 23 --> just over $75/month! ;-)

The lease incentives have changed since I got mine, but no matter what I think you're WAY too high here.

yours would be $239 a month? wow! that is almost half the cost of mine

 

[Ladewig]

This looks awful to me. I just did a 24 month lease for a total of $5750 over the life of the lease.

If you back out $1500 in trade in, you're left with $4250 to spread over 24 months... which would be $2500 down and then (4250 - 2500) / 23 --> just over $75/month! ;-)

The lease incentives have changed since I got mine, but no matter what I think you're WAY too high here.

yours would be $239 a month? wow! that is almost half the cost of mine

Check out the thread http://www.mynissanleaf.com/viewtopic.php?f=23&t=1067" onclick="window.open(this.href);return false; and look at the last few pages for details of a couple leases including mine. $0 down and $213 per month for 24 months.

 

[LakeLeaf]

http://www.greencarreports.com/news/1079684_2012-nissan-leaf-gets-even-cheaper-now-139-month-lease

$139/mth for 24 months from Boardwalk. It sounds like that includes Boardwalk taking the $7500 Fed credit, but does not account for the $2500 California credit?

The article says

She confirmed the deal, and explained that in addition to the $2,995 down payment, the "drive-off fees" (including paperwork, registration, and the first month's payment) amounted to $1,200.

Those sound like high drive off fees!

If I understand correctly - total for lease then is $139*24 + $2995 + $1200 - $2500 = $5031 for two years, or actually $210/mth if paid in 24 equal payments?

 

[DaveinOlyWA]

http://www.greencarreports.com/news/1079684_2012-nissan-leaf-gets-even-cheaper-now-139-month-lease

$139/mth for 24 months from Boardwalk. It sounds like that includes Boardwalk taking the $7500 Fed credit, but does not account for the $2500 California credit?

The article says

She confirmed the deal, and explained that in addition to the $2,995 down payment, the "drive-off fees" (including paperwork, registration, and the first month's payment) amounted to $1,200.

Those sound like high drive off fees!

If I understand correctly - total for lease then is $139*24 + $2995 + $1200 - $2500 = $5031 for two years, or actually $210/mth if paid in 24 equal payments?

that would be because there is none. do a search here. 2 year leases do not qualify for that state credit

 

[LEAFer]

Yeah, no $2,500 on less than 36 month lease; and there are only 23 payments, the first is included in the $1,200. And if Lease is 36+, then the $2,500 comes to the lesee (not the finance company) in a few weeks after applying for it. The residual is high, this helps in lowering the monthly payment. (But sales tax is not included in the $139.)

 

[Eggplanto]

I've never leased a car before and I'm hesitant to buy a Leaf right now, but I saw the below lease deal today and it sounds pretty good to me and was wondering what you guys thought-

It's at Lou Fusz Nissan in St. Louis MO- the terms state:
"Lease for $79/month- 24 month lease, 12,000 miles per year, $2495 cap cost reduction, taxes, title and dealer fees extra. total cost of lease $4391 includes Nissan rebates, incentives and college grad. Offer expires 11/12/12."
If the total cost for 2 years is only $4391, it sounds good to me, but I'm not sure what the "cap cost reduction" means and if the "dealer fees" could be some outrageous amount.

Thanks

Here's the ad:
http://findnsave.stltoday.com/Local-Ads/a-275498/Lou-Fusz-Nissan/15147413" onclick="window.open(this.href);return false;

 

[mkjayakumar]

OMG ! This is unbelievable.

They are literally giving it away. The total cost is close to 1/4th of what I signed for my 24 month lease, just 9 months ago.

 

[LTLFTcomposite]

I've never leased a car before and I'm hesitant to buy a Leaf right now, but I saw the below lease deal today and it sounds pretty good to me and was wondering what you guys thought-

It's at Lou Fusz Nissan in St. Louis MO- the terms state:
"Lease for $79/month- 24 month lease, 12,000 miles per year, $2495 cap cost reduction, taxes, title and dealer fees extra. total cost of lease $4391 includes Nissan rebates, incentives and college grad. Offer expires 11/12/12."
If the total cost for 2 years is only $4391, it sounds good to me, but I'm not sure what the "cap cost reduction" means and if the "dealer fees" could be some outrageous amount.

Thanks

Here's the ad:
http://findnsave.stltoday.com/Local-Ads/a-275498/Lou-Fusz-Nissan/15147413" onclick="window.open(this.href);return false;

Sounds like a gimmick, would be interested to hear if that deal is real. The "college grad" part is suspect... "Oh this is only for NEW college grads... what's that, you say you are a new college grad? Oh I'm sorry, it only applies to new college grads with 800 fico scores. And unicorns."

 

[DaveinOlyWA]

4391 over 24 months is $183 a month. dirt cheap but no real purchase option. Nissan is basically pocketing the $7500

 

[bobda]

Picked a Blue SL up yesterday. 24 month 12k per year. $199 per month. $2699 drive off.

Seems like a great value! I estimate I'll save about $100 per month in gas (that's factoring in my additional electricity expenses I'm still saving that much net). So about $100 out of pocket per month for a brand new vehicle!

That recent college grad, one seems like a way better deal. If that's legit it seems totally worth it.

 

[Ladewig]

Here's the ad:
http://findnsave.stltoday.com/Local-Ads/a-275498/Lou-Fusz-Nissan/15147413" onclick="window.open(this.href);return false;

Sounds like a gimmick, would be interested to hear if that deal is real. The "college grad" part is suspect... "Oh this is only for NEW college grads... what's that, you say you are a new college grad? Oh I'm sorry, it only applies to new college grads with 800 fico scores. And unicorns."

It is legit, but you do need to be a recent college grad. If I recall when I was shopping around, the college grad discount is $600, so you would have to add that back in.

Bommarito is advertising the $4500 lease deal again for the SV. $2700 down and $75 per month. When I leased there in October I had a similar deal but I went with $0 down. My payment with taxes/title/etc is $213 per month. If you're still shopping around, give Dustin a call.

 

[cstegman]

My friend just leased a Leaf for 0 down and $199 month at Tacoma (WA) Nissan. The salesman said others could get the same deal but his manager pulled the deal so I had to pay $800 down, then $199/mo. on a 24 mo. 12,000 mile deal. Of course, I wasn't told what the cost of a 220v charger at home would be (anywhere from $334 to $1289 plus electrician install/hookup costs if any). I've opted to charge at the only 440v station in Olympia (where I live) or use the 120v when at home since it came with the car (I know the manual doesn't recommend 'regular use' of this but I thought I'd try it out today just to see if it's full in the morning.

 

[ayub98516]

My friend just leased a Leaf for 0 down and $199 month at Tacoma (WA) Nissan. The salesman said others could get the same deal but his manager pulled the deal so I had to pay $800 down, then $199/mo. on a 24 mo. 12,000 mile deal. Of course, I wasn't told what the cost of a 220v charger at home would be (anywhere from $334 to $1289 plus electrician install/hookup costs if any). I've opted to charge at the only 440v station in Olympia (where I live) or use the 120v when at home since it came with the car (I know the manual doesn't recommend 'regular use' of this but I thought I'd try it out today just to see if it's full in the morning.

mANY folks on the forum have used the 120 V charger for more than 3 months without any issues.

 

[patdonohue]

I just leased from Rosen Nissan Gurnee IL a 2012 Leaf SL w $3000 down (all in no extras), $199/month, 24 month, 12k miles/month. Total monthly cost is $324/month if you amortize the down payment.