rocketfast wrote:Leased a leaf today in bay area, ca. Needed one for hov lane commute in a month.
Leaf S with QC. No weather package.
$10550 all in for 36 months and 10000 miles/year. Could have bargained lower, but just last week, I was struggling at $12k, so the sudden drop in prices this week surprised me.
Vpp and loyalty. $5300 driveoff and $139+tax per month.
Very nice. If you get the $2.5k CA rebate and $800 PG&E utility rebate, that's only $7,250 for the lease.
Bay Area climate should be kinder to battery than most places in CA.
Triggerhappy007 wrote:"$5300 driveoff and $139+tax per month"
I see a lot of people putting a lot of money down on a lease. Isn't that a bad idea? What if it gets totalled or stolen? Wouldn't it be better to spread the down payment over the whole term of the lease?
I think you still have to pay the lease balance to get out of contract if the car is totaled and not reparable. AFAIK, the auto insurance company pays the cash value of a totaled car to the lease finance company.
A large down payment may come down to mostly a cost opportunity issue. Certainly Nissan would reduce the total lease cost to the consumer for a larger down payment, but a lower down payment may provide a greater cost opportunity for the consumer. YMMV.
'19 Model 3 SR+ (own), '19 Leaf SV (leased), '12 Plug-in Prius (sold 3/19), '16 Leaf SV (prior lease), 11.43kW Solar PV (16MWh/yr real production), 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater, Induction Cooktop