DaveinOlyWA
Well-known member
ok my numbers. first of all, i was screwed royally on the money factor. read other thread for this, but basically paying almost 8% instead of the 4 % (credit rating 818...only a paltry 740 required for tier 0)
now, i leased over initial concerns over long term battery range and not qualifying for full tax credit (i would only get $3,000)
so, i put down 10,000 on a total out the door purchase of $34,565 or so. payments $162.02
right now, in process of moving. still looking so wanting cash on hand for that. after move and settling (each move somehow costs me around $2-3,000 in unexpected furniture costs!!)
but plan to convert lease to buy. even with a 30% range reduction, the Leaf would still work for me. it probably wont cover 56% of my driving like it does now, but would still be well used. so i am buying.
i plan to finance little because i hate it and dont like monthly payments. so not sure how i will go with this. thinking of cashing out car so have no payments at all, but then again need to see how move goes. have most of what i need. did sell Prius and Zenn so have that money sitting right now.
most likely will take loan against 401 to match. this is payroll deduction and it only charges $50 processing fee and interest is paid back to my account. most of the investment options i have right now are not really moving much so i would lose little in not having the balance in there.
but based on NMAC call in feb, my pay off in feb plus down payment plus one payment of $162.02 would have totaled out to $28,700.
now, my only question is sales tax. WA State waives sales tax on initial purchase or lease which is why my price is low. not sure on how it works on this since it could be looked as a used car purchase and not sure of how taxes work on that
now, i leased over initial concerns over long term battery range and not qualifying for full tax credit (i would only get $3,000)
so, i put down 10,000 on a total out the door purchase of $34,565 or so. payments $162.02
right now, in process of moving. still looking so wanting cash on hand for that. after move and settling (each move somehow costs me around $2-3,000 in unexpected furniture costs!!)
but plan to convert lease to buy. even with a 30% range reduction, the Leaf would still work for me. it probably wont cover 56% of my driving like it does now, but would still be well used. so i am buying.
i plan to finance little because i hate it and dont like monthly payments. so not sure how i will go with this. thinking of cashing out car so have no payments at all, but then again need to see how move goes. have most of what i need. did sell Prius and Zenn so have that money sitting right now.
most likely will take loan against 401 to match. this is payroll deduction and it only charges $50 processing fee and interest is paid back to my account. most of the investment options i have right now are not really moving much so i would lose little in not having the balance in there.
but based on NMAC call in feb, my pay off in feb plus down payment plus one payment of $162.02 would have totaled out to $28,700.
now, my only question is sales tax. WA State waives sales tax on initial purchase or lease which is why my price is low. not sure on how it works on this since it could be looked as a used car purchase and not sure of how taxes work on that