2013/2014 Nissan Leaf Lease Information

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evnow

Well-known member
Joined
Apr 22, 2010
Messages
11,480
Location
Seattle, WA
Note : Those asking for advice on your lease numbers pls post the following information for us to help you.

State :
Sales tax % :
Leaf Trim, options :
MSRP :
Invoice : (if you know)
Negotiated Price :
Taxes, Title, Registration :
Any other fees (doc, administrative, marketing etc) :
Money Factor :
Downpayment :
Monthly payment :

2014 :

Thanks to a poster, we have some numbers for 2014.

SL (24mo) MF 0.00170 residual 56%
SL (36mo) MF 0.00068 residual 43%

SV (24mo) MF 0.00163 residual 55%
SV (36mo) MF 0.00043 residual 42%


Update :

All these are for 15k Miles and Tier 0.

LeafLease.png


Here are the April numbers for reference.

leaf-lease.png


Residual

Months - S - SV - SL
24 - 49% - 51% - 51%
36 - 39% - 41% - 42%

Money Factor
Months - S - SV - SL
24 - .00047 - .00024 - .00005
36 - .00004 - .00014 - .00043


The money factor went down considerably on Sept. 3. That's the good news. The bad news is that the Leaf residual sunk even more. Net is that Leaf leases cost more than ever for this year.

Some examples:


Leaf S: Rebate is $8150

2 years / 12k year miles: Residual is 51%. MF is .00047

2 years / 15k year miles: Residual is 49%. MF is .00047

3 years / 12k year miles: Residual is 40%. MF is .00003

3 years / 15k year miles: Residual is 39%. MF is .00003



Leaf SV: Rebate is $7500

2 years / 15k year miles: Residual is 51%. MF is .00024

3 years / 15k year miles: Residual is 41%. MF is .00014



Leaf SL: Rebate is $7500

2 years / 15k year miles: Residual is 51%. MF is .00005

3 years / 12k year miles: Residual is 43%. MF is .00043

3 years / 15k year miles: Residual is 42%. MF is .00043


The below numbers are retained below for reference only. The new numbers are slightly different.

-----------------------------

Here are the guidelines for MY13 Leaf that Nissan has sent out. I'll work out what this means to monthly payments and update this thread.

All these are for 15k Miles.

Residual

Months - S - SV - SL
24 - 61% - 62% - 61%
36 - 48% - 49% - 49%
39 - 47% - 48% - 48%
48 - 38% - 39% - 39%

Money Factor - S - SV/SL
Tier 0 - 0.00168 - 0.00200
Tier 1 - 0.00168 - 0.00220
Tier 2 - 0.00213 - 0.00260
Tier 3 - 0.00393 - 0.00365
Tier 4 - 0.00450 - 0.00450

Note that the money factor can be marked up. So be aware of this and check the MF during your negotiations.

ESTIMATES :

Here is the excel file to estimate the payment : https://docs.google.com/file/d/0B1CIl2zp22pXRnNmMkZVZ0Z0N28/edit?usp=sharing" onclick="window.open(this.href);return false;

Taxes, Fees extra. Tier 0 money factor. VPP price is (Invoice-1,000) and Loyalty + VPP is (Invoice - 2000).

leaf-lease.png


Note that for S, VPP+loyalty figure with 2k down, 24 months can't be calculated, since the depreciation becomes negative !
 
It was driving me nuts not know some more specifics, so I ran down some info:

http://insideevs.com/2013-nissan-leaf-199-lease-details-sale-date-for-canada-more-battery-production-in-the-us/" onclick="window.open(this.href);return false;

Basically:
$199/month (incl dest) with $1,999 down

Also, based on the residuals, and the SV being $3,020 more than the S, and the SL being exactly $3,020 more than the SV. Nissan looks to have optioned/priced the new lineup specifically for lease deals...which makes sense because most sales are leases.

Est:
S - $199, SV - $249, SL - $299 w/$1,999 down
 
Statik said:
Basically:
$199/month (incl dest) with $1,999 down

Also, based on the residuals, and the SV being $3,020 more than the S, and the SL being exactly $3,020 more than the SV. Nissan looks to have optioned/priced the new lineup specifically for lease deals...which makes sense because most sales are leases.
Do you have numbers for "most sales are leases"? I hadn't heard this before; or have things changed since the battery fiasco in Arizona?
 
Statik said:
It was driving me nuts not know some more specifics, so I ran down some info:

http://insideevs.com/2013-nissan-leaf-199-lease-details-sale-date-for-canada-more-battery-production-in-the-us/" onclick="window.open(this.href);return false;

Basically:
$199/month (incl dest) with $1,999 down

Also, based on the residuals, and the SV being $3,020 more than the S, and the SL being exactly $3,020 more than the SV. Nissan looks to have optioned/priced the new lineup specifically for lease deals...which makes sense because most sales are leases.

Est:
S - $199, SV - $249, SL - $299 w/$1,999 down

Thanks. Now I can throw in some estimates for residual & money factor to get out a few numbers. Obviously, it doesn't look as sweet a deal as the $199, zero down we see for 2012 SV.
 
evnow said:
Statik said:
It was driving me nuts not know some more specifics, so I ran down some info:

http://insideevs.com/2013-nissan-leaf-199-lease-details-sale-date-for-canada-more-battery-production-in-the-us/" onclick="window.open(this.href);return false;

Basically:
$199/month (incl dest) with $1,999 down

Also, based on the residuals, and the SV being $3,020 more than the S, and the SL being exactly $3,020 more than the SV. Nissan looks to have optioned/priced the new lineup specifically for lease deals...which makes sense because most sales are leases.

Est:
S - $199, SV - $249, SL - $299 w/$1,999 down

Thanks. Now I can throw in some estimates for residual & money factor to get out a few numbers. Obviously, it doesn't look as sweet a deal as the $199, zero down we see for 2012 SV.
Which for me raises the question of waiting for the 2013's to hit the showrooms or trying to snap-up a really good lease deal on a 2012.

I've got a dealer about 150 miles from home who still has a 2012 SL on their lot. It's been sitting there for months and I'm sure they'd love to move the thing. I'm definitely looking to lease as opposed to an outright purchase and $200.00-$225.00 is about the max I can go with a monthly payment. So I'd love to hear opinions from the forum regarding the merits of leasing a 2013 S for $199.00 versus trying to snag a 2012 SL for the same price (or even a tad lower if I can negotiate it). Tough call because as I see it, there's pros & cons to both.
 
Depends on the answer to these questions:
How much you pay for gas now - is it a no brainer with what you'll save in gas?
Have you checked your insurance costs?
Are you in a EV friendly state with rebates for leases and with time of use electricity rates?
Do you have access to evproject subsidised L2 charger

For me the answers were:
$250 /gas savings per month
$360 for 6 months for extra car
$5k rebate in GA and drumroll
$0.013063 per KWH at super off peak rate from 11pm-7am year round
Yes, installed cost fror Blink unit was $119 out of pocket.

I was able to get a 2011 SL orphan with QC for $26775 + tax tag and tile fees ($28750 total out the door)
In month and a half I've driven 1,700 gasless miles and love it. The economics were such that it was a no brainer. I don't care how good the 2013 SL could be when my total cost for a brand new car was $16,250 after tax credits.
 
EngravEER said:
I'm definitely looking to lease as opposed to an outright purchase and $200.00-$225.00 is about the max I can go with a monthly payment. So I'd love to hear opinions from the forum regarding the merits of leasing a 2013 S for $199.00 versus trying to snag a 2012 SL for the same price (or even a tad lower if I can negotiate it). Tough call because as I see it, there's pros & cons to both.

These are decisions you'll have to make yourself. But having owned MORE than my fair share of cars I can tell you this-- the deals to be had right now and in the next few months for a 2012 are going to blow the water out on the 2013 models. The $199/mo deal on the 2013 will most likely be for a base-S model car with a grand or two out of pocket. Even with dealer kick-backs that is going to be $199/mo maybe with sign-and-drive type style if the dealer kicks in some cash.

Right now most people are finding 2012 deals where you can leave a well equipped model in SL-trim for $250 per month or there abouts. Some people are even scoring SL models for less, but on average they are right around there. My guess is that you'll be $50-100 per month more on the SL-trimmed 2013 model just based on how residuals and programs will be, right off the bat. In 9 months, however, the 2012s will be all gone and the 2013 "deals" will start for the fall .. to clear out extra inventory or stale inventory.

Bottom line: right now your BEST $ will be a 2012 ... and that will be the case for 6-9 months. However, if there are features a 2013 has that you want, then wait -- but be prepared to pay $50-100/month more for the same apples-to-apples deal is my guess from my car-buying experience. (I've purchased/leased over 50 cars in my lifetime... usually changing cars 1-2x per year -- call it a really bad habit, expensive hooby, etc... but yeah I know too much about this stuff for my own good haha!)
 
Statik said:
It was driving me nuts not know some more specifics, so I ran down some info:

http://insideevs.com/2013-nissan-leaf-199-lease-details-sale-date-for-canada-more-battery-production-in-the-us/" onclick="window.open(this.href);return false;

Basically:
$199/month (incl dest) with $1,999 down

Also, based on the residuals, and the SV being $3,020 more than the S, and the SL being exactly $3,020 more than the SV. Nissan looks to have optioned/priced the new lineup specifically for lease deals...which makes sense because most sales are leases.

Est:
S - $199, SV - $249, SL - $299 w/$1,999 down

so 13k for three years ownership, limited to about 36k miles?
 
Assuming the same 0.0005 (1.2%) money factor they use now, and no further reduction in price, it would have to be a 24 month/12k lease with a 59% residual to get to $199 lease.

If this is the case, for SV I get about $250 and for SL about $300 as Statik is guessing.

Anyone knows what the residual for 2012 24 month/12k lease is now ?

Update : From the below example it looks like 58%. My calculation shows 58.7% to get the $199 for '13 S. So, quite confident about the numbers now. See first post for estimates.

Gross Cap Cost: $36,200
Cap Cost Reduction: $10,127
Adjusted Cap Cost: $26,072
Residual: $21,048 (after 24 mos.)
 
Do we actually know that the $199 lease for the 2013 has a 24-month term?

If that's the case, wouldn't a 36 or 39 month lease have a lower payment?
 
Bicster said:
Do we actually know that the $199 lease for the 2013 has a 24-month term?
No.

If that's the case, wouldn't a 36 or 39 month lease have a lower payment?
No - Nissan can adjust the residual to make any payment they want. The 2012 $199 leases are for 2 years - 3 year ones are costlier. My guess is, the '13 cheap leases will also be for 2 years.
 
evnow said:
The 2012 $199 leases are for 2 years - 3 year ones are costlier. My guess is, the '13 cheap leases will also be for 2 years.
From nissanusa.com:
$199 Per Month Lease
For 36 Months
 
“Nissan will also continue its lease offer for the 2013 LEAF, allowing consumers to lease the electric vehicle (S model) for as low as $199 per month for 36 months, which includes tax credits and destination charges.”

http://insideevs.com/2013-nissan-leaf-199-lease-details-sale-date-for-canada-more-battery-production-in-the-us/" onclick="window.open(this.href);return false;
 
rvsixer said:
From nissanusa.com:
$199 Per Month Lease
For 36 Months
Cool - hadn't seen that.

They are giving a big discount to make that happen with the usual 46% residual. If they give a 1,300 discount on S, we get 199 lease for 36/12k.
 
I've never leased, but am considering my options for the 2013 SL I'll be getting shortly.

When the mfr sets these lease deals' monthly payments 'in stone', are they also setting the residual value 'in stone'? By that, I mean, does one still need to negotiate anything if you opt for the $299/mo lease on the SL? (Ignore a trade-in situation for this scenario) Or is it already established by Nissan? And I'm assuming that the published numbers ($199/249/299) don't include any of the option packages? (I'm going for a loaded SL)

I'm considering upgrading to the Infiniti LE in a few years so a lease might work out for me if the numbers make sense.

And side question - Colorado offers a tax incentive on the Leaf - how does this work for a lease? It ain't too much (I think it's $5k for a purchase) but every little helps.
 
wantonsoup said:
When the mfr sets these lease deals' monthly payments 'in stone', are they also setting the residual value 'in stone'? By that, I mean, does one still need to negotiate anything if you opt for the $299/mo lease on the SL? (Ignore a trade-in situation for this scenario) Or is it already established by Nissan? And I'm assuming that the published numbers ($199/249/299) don't include any of the option packages? (I'm going for a loaded SL)
Note that only $199 has been announced. Everything else is is an estimate.

Essentially, for a lease, you need to negotiate a selling price (don't pay MSRP !), just like you do with buying. Then you make sure they don't tag on any extraneous fees - and make sure the money factor is what Nissan is offering.

In the end downpayment + sum of all monthly payments is your total cost. Make sure you don't pay more than the advertised price. Nissan advertised price is like the MSRP, you try to negotiate and bring that down.
 
But a $199 lease will be more than that, once sales taxes are figured in, right? At least in Texas, the lessee has to pay sales tax on the purchase amount. If you lease a vehicle out of state, you have to pay taxes on the fair market value before you can register it here.
 
Bicster said:
But a $199 lease will be more than that, once sales taxes are figured in, right? At least in Texas, the lessee has to pay sales tax on the purchase amount. If you lease a vehicle out of state, you have to pay taxes on the fair market value before you can register it here.
Thats right - sales tax, registration fees & doc fees are extras.
 
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