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Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Sat Jan 04, 2014 2:51 am
by rodkar
Purchased 2013 Nissan Leaf S. Figured in San Diego we should be okay as far as climate conditions.
Also, the california-lead EVSE program & the $7500 credit / $2500 rebate really helped sweeten the deal for us.

Thanks to the EVSE charger install, we're driving our leaf about a solid 80-90 miles a day (on two separate trips).

There are quite a few EVSE chargers scattered across the county too, which is a plus. Great experience so far. We're just trying to practice good charging habits (by only taking it to 80%) but sometimes that can be hard since we live in north county, anywhere we want to go is usually 10+ miles south of us.

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Thu Feb 06, 2014 11:35 am
by EatsShootsandLeafs
2012 Leaf, leased.

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Tue Feb 25, 2014 6:08 pm
by crabasa
I leased my 2013 Leaf and posted the numbers here:

http://www.mynissanleaf.com/viewtopic.p ... 50#p355858" onclick="window.open(this.href);return false;

I'm really not sure why anyone would choose to buy, given the fact that you can purchase the car outright at the end of the lease.

--Carter

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Tue Mar 18, 2014 8:47 pm
by souledgeii
Not sure why people buy it right now here is the math:

invoice price : 37240.00(SL, 2014)
1) buy price : 34526.00 lease : 26326.00 (16385.6 if you bought at end of lease).
2) both with 3500 down, assume if you buy, you got 7500 FED tax credit, so we could put it in first month payment for buy option.
buy, monthly: 608.11(60)1.9%, lease : 300.37(36) 2.9%.
3) reverse calculate, got the total amount you need pay to drive:
buy, total pay: 38281 lease : 30229(with 7500 credit).
4) 3 years interest pay:
buy, about 1000, after you put 7500 in first month payment.
lease : 468.

so the price difference from buy to lease = (38281 -7500 + 1000) - (30229 + 468) = 1084 US$.
when you buy at the end of lease, you'll probably pay 500US$, so you win 584US$ when lease.

ok, forgot tax when you buy it in 3 years, its 1500$ more for tax.

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Tue Apr 29, 2014 10:00 am
by dgalvan
crabasa wrote: I'm really not sure why anyone would choose to buy, given the fact that you can purchase the car outright at the end of the lease.
One point: If you buy the car after the lease by financing instead of just writing a check, you are not be eligible for 0% financing. You could probably get 1.9% financing on the residual, because it is then considered a pre-owned vehicle. So that adds cost compared to purchasing up front, with the prevalent 0% financing offers available today.
souledgeii wrote:Not sure why people buy it right now
I bought rather than lease because it was less expensive over the long term. The following were my options and math:

2014 Leaf S with Charger package.

MSRP: 31,400 (in Los Angeles)
Sale Price: $28,413 (after negotiating down using Costco prices and TrueCar prices)

--------------------
Buy:
-$2500 Nissan Cash back
-$2500 CA Rebate (will receive in September)
-$7500 Fed Tax credit (will receive next year with tax refund)
+$2,956.37 Sales tax, destination charge, license registration fees, documentary fees, etc.


Net out of pocket cost after car is paid off: (6 years)
$18,869.37


0% financing over 72 months. (a zero percent loan is essentially free money)

-------------------
Lease:
Reduced the capitalized cost by $8200 (this includes Nissan's $7500 tax credit passed on to the consumer, plus $700 just to sweeten the deal.)
Resulting in a lease offer of:

$3500 drive-off (including a down payment, all fees, tax on the passed-on fed tax credit, etc.)
$188/month 36 months (including taxes etc.)

Out of pocket cost after 3 years:
$10,368

-$2500 CA rebate

Net out of pocket cost after 3 years including rebate:
$7,768

Residual (cost to buy after lease is up in 3 years):
$13,000.

Net cost of leasing for 3 years and then purchasing (writing a check for the residual):
$7,768 + $13000 =
$20,768
-------------

So, to sum up:
Net out of pocket cost to PURCHASE:
$18,869.37

Net out of pocket cost to LEASE for 3 years and THEN purchase:
$20,768

Savings of purchasing up front compared to leasing-then-buying:
$1898.63

Other point:
--If you didn't want to purchase the car at the end of the lease, then your costs for the leaf would be only $7,768 over the 3 years. But after that you will probably get another lease or purchase a new car. If you are getting another lease on an EV, it's unlikely to be as good a deal as current leases, especially since the current tax incentives and rebates will diminish. So your total cost after another 3 years will be at LEAST double the 3 year out-of pocket, so $15,536 total out of pocket after 6 years. Lease a third time and you are at LEAST at 3x the original lease ($23,304) after 9 years, where as someone who purchased up front has only spent $18,869.37 and finished paying 3 years prior.

--If the battery degrades, then at least I know I have the option of Nissan's $100/month battery lease program. Say I activate that 6 years from now: $100/month is better than any lease I could get on a new EV, and the car will be paid off by then. With other maintenance being minimal (tires, brakes, coolant), paying $100/month to extend the life of the paid off car seems a better option than a new lease. At least, for my driving needs.

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Thu Jul 24, 2014 4:25 pm
by Atlantan
VPP Lease: 24 Months, 12K miles, $240/Month. $321 out the door, including 1st month's payment and registration/title fee and TVAT.

In GA, this deal was a no brainer for me. So decided to try it as an experiment. If I like the EV experience, in 2 years there should be a better option or an affordable 3 year old Model S.

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Mon Aug 11, 2014 7:15 pm
by Nfuzzy
2015 S, bought. Never understood the lease mentality and if I'm not starting now with my first EV/new vehicle.

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Sun Aug 17, 2014 12:24 pm
by BillR
We purchased our 2013 LEAF SV last week. It was built in November of 2012, but had remained unsold until August, so we got a good markdown.

EV sales in Manitoba are sluggish due to a lack of any subsidies, federal or provincial, combined with very cold winters. We do, however, have very low electricity rates at 7.3 cents CDN per KWH. Our commute into Winnipeg and back used to cost about $5 in our 2012 Civic Hybrid. With the LEAF the 80 KM trip is about $1.

We had planned to lease as the common wisdom is to lease now and wait for the next generation of cars with better technology. However, the lease rates are so high in Canada that over three years (all that was available) we would have almost paid for the car anyway.

I just installed a L2 charger in our garage to remove the worry of not starting the day with a full charge.

Very happy so far!

Bill

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Thu Sep 18, 2014 11:13 am
by kilimats
Nfuzzy wrote:2015 S, bought. Never understood the lease mentality and if I'm not starting now with my first EV/new vehicle.
sometime the depreciation is worst that the cost of leasing, simple as that, been true so far on the leaf i believe.

Still ended up buying my 2011 leaf used for 13k exactly after tax/fee this week, heck of a deal, some imperfection on paint and a broken driver window but nothing too hard to fix, still has 12 capacity bars and goes 70miles+

Re: Poll : The official 2013 "Did you Lease or Buy?" thread

Posted: Fri Oct 24, 2014 1:48 pm
by aarond12
I bought my LEAF. This is my second electric car, the first being a Mitsubishi i-MiEV, which I leased (at $69/month with $0 down!) for 2 years.

So, why did I buy my LEAF? It's an "S" model, but technically used. It had 245 miles on the odometer and that dropped the price from the sticker of just over $30K to my price of just under $20K. I couldn't pass it up.