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Total lease payments $7,440
- GA Tax credit ($5,000)
-------
$2,440 <=== Ultimate out of pocket cost of lease
Effective lease $/month $102
- Gas cost/month ($196)
-----
($94) <==== Money saved each month!
Total money saved over life of lease = $2,256
Also in GA here and you summarized this nicely. For once, the high state taxes here allow us to get something back with the state incentive... Hopefully you can sell one of your petro-burners to use that capital to increase your return. Maybe the Accord? Very reasonable GA tax free bond funds will earn maybe 6% so every $10k in capital you pull out of autos goes to your pocket at $50 more per month. I'm sure I'm not the first person to consider this of course! Just thought it would make you feel even better.SuwaneeGALeaf wrote:I leased a 2013 Leaf S for two years.
Numbers that I used to make my decision:
$310/month all-in (15,00 miles/year, GA one-time "ad valorem" & sales tax, $0 down payment, $7,500 Federal tax credit included)
Gas = $3.50/gal
Miles driven/month = 1,250 (I actually drive that or slightly more given a 30 mile one-way commute)
Gas mileage = ((25*.75) + (15*.25)) / 2 = 22.5 mpg (assuming 75% of time replacing Accord miles and 25% replacing Suburban miles)
Gallons month = 56
Gas cost/month = $196
GA Tax credit = $5,000Purchasing wasn't seriously considered given pace of technology change and the fact that I effectively make $100/month by leasing this car. And, my numbers are conservative since it might reduce the Suburban mileage more than estimated. We'll see!Code: Select all
Total lease payments $7,440 - GA Tax credit ($5,000) ------- $2,440 <=== Ultimate out of pocket cost of lease Effective lease $/month $102 - Gas cost/month ($196) ----- ($94) <==== Money saved each month! Total money saved over life of lease = $2,256
