georgia2013
Member
- Joined
- Aug 7, 2013
- Messages
- 5
I am strongly considering buying a Leaf. Here is a quick breakdown of my analysis. I can buy a Leaf for $1,000 below invoice because of my company being on Nissan's "Friends and Family" Vehicle Purchase Program list, which means a 2013 S model would cost $25,986. After the federal credit of $7,500 and state (Georgia) credit of $5,000, my net cost to purchase would be $13,486! Financing this amount over 5 years would equate to a monthly payment of $236, which is roughly what I pay now per month for the gas in my current vehicle. I have a 70 mile round trip commute to work everyday, but can charge for free at work (I work for a big energy utility so we have roughly 30 charging stations in our parking deck). I expect to put 20,000 miles on the Leaf each year, which means the 100,000 mile warranty on the battery will last for five years (same as the period I plan to finance). After taking all of this into consideration, the five year gas savings offsets the five year car payments total making my Leaf free. Does anyone see any bad assumptions in my analysis?