My Nissan Leaf Forum

Or discounts

LBCev wrote:

HIOJim wrote:Might I assume that none of these numbers match the $349/$379 advertised leases due to the additions of options and tax?

That is correct. The advertised lease terms do not include destination, acquisition, registration, taxes or options.

destination, acquisition and registration are one time fees. Are they rolling those into the lease payments? Seems actual terms are quite a bit more than from the advertised.

LBCev wrote:That is correct. The advertised lease terms do not include destination, acquisition, registration, taxes or options.

Advertised lease includes destination, acquisition but not registration, taxes or options.

turbo2ltr wrote:...Seems actual terms are quite a bit more than from the advertised.

+1

Call me unrealistic, out-of-touch and old fashioned, but I really don't want a $400+ car payment each month. And while you can add to your lease so that the monthly payment goes down, in the event of an accident where the car is totaled you lose all that. And then there is the financial aspect of leases in general:

http://nissan-leaf.net/2010/08/05/nissan-leaf-lease/

Basically when you add up your payments and fees you are spending ~ $22,000 for 3 years of Leaf ownership, and the entire car is only ~ $34,000. Something to think about, and understand that despite all this leases might make sense for some folks. We should just go in with both eyes open.

Basically when you add up your payments and fees you are spending ~ $22,000 for 3 years of Leaf ownership,

Huh? where did that number come from? Thats way off.

HIOJim wrote:Basically when you add up your payments and fees you are spending ~ $22,000 for 3 years of Leaf ownership, and the entire car is only ~ $34,000. Something to think about, and understand that despite all this leases might make sense for some folks. We should just go in with both eyes open.

When the person can only receive a small portion of the $7500 fed tax credit by buying, leasing is as eyes wide open as you can get.
Also, the actual 3-year figure is around $15K, not $22K. My figure is going to be less than $15K, with the residual around $15K.

LEAFfan wrote: Also, the actual 3-year figure is around $15K, not $22K. My figure is going to be less than $15K, with the residual around $15K.

15K + 7.5K (Federal tax credit) = 22.5K

I realize that a lot of people are not taking the tax credit into account, but if you are eligible, it *is* real money.

But I also agree that if you can't get the tax credit, leasing is the only way to go. Or at least a very compelling way

I realize that a lot of people are not taking the tax credit into account, but if you are eligible, it *is* real money.

The actual money out of pocket for the lease is (very roughly) $15k in payments and $15k in residual after the lease is up. After that you own the car. Total cost about $30k.

The actual money out of pocket for the buy is (very roughly) $38k in payments with $7500 in tax you don't pay. After that you own the car. Total cost, about $30k.

Please correct my math if I'm wrong (and I could be). But this is the way I understand it. With the lease, nissan is fronting the tax credit, you aren't loosing it.

Many have this misconception that they will get $7500 back if they buy the LEAF. This is simply not true and has been repeated here many times. You have to pay enough in taxes to get the $7500 back.

And if you buy the car this year, even if it works out to get the full $7500 in tax credit, you won't get it until 2012 at the earliest.

Remember for residual u either pay the 15,000 in cash or refinance. Either way u r paying about the same. But one lease u have the option to upgrade or buy or get out after three years.