Corina1231 said:
I don't have an "administrative fee" of $699 and my title/reg cost is $500 less than yours. Evnow hit it on the head, as usual. That is where you are being screwed, the $699 BS fee. Still a very good deal for NC. Obviously, it would be an incredibly great deal If you can do something about the $699 BS fee.
Sorry for the delay in the update to the board! I managed to close a deal with this dealer on Memorial Day. I ended up getting the Leaf from them in Charlotte and driving back to Raleigh (143 miles) with a mid-way charge at Asheboro Nissan (where they were very nice).
Turns out the "Doc Fee" of $699 was basically the total for all the fees, as they listed $1 for Title, License and Registration. They had $4k off the MSRP as their starting point (in part because I didn't want the QC/LED package on the SV but all of theirs had it) which had me at $259.69/month, but I had clearly communicated to the sales manager about my total lease cost and clarified that this monthly price x 24 was my bottom line total. When the Disposition Fee came up in the finance office I balked at it and after some discussions ("every lease has this", "you don't have to pay it unless you turn it in") they took the $395 off my cost which dropped the monthly payments to as listed below.
MSRP $34,615 (SV + QC/LED + Mats + Splash guards)
Gross Cap Cost: $30,450.00 + $1 registration + $595 acquisition fee + $699 doc fee = $31,745.00
$0 down (just first month's payment)
24 payments at $239.60
Total out of pocket
$5,750.40 + $395 disposition fee at the end =
$6145.40
Depreciation listed at $3,882.33 and rent charge of $1,700.55.
3% sales tax on EV in NC.
VPP, Tier-0 credit
I'm thrilled with my new Leaf! Thanks again to the help of everyone on the board.
As a final note, this dealer actually was very good to work with (and the finance manager too). My experience was I had to fight with most of the dealers, especially the local ones, to even get a real VPP quote. I also had to fight to keep them communicating via email ("give me a call", "schedule an appointment to come on down").
Lastly, by the discussion I heard between the sales manager and the finance manager when they were taking off another $395 to offset the Disposition Fee it sounds like Nissan gives them $1150 in addition profit for VPP sales.