2012 Nissan Leaf SL LEASE as low as $99 @ Month - $4k Down - 12k Miles @ Year.

A couple of weeks back there was a post on a Nissan Leaf lease deal. That got me going & interested in a Nissan Leaf. I started researching & then came upon this article : $139/Month Lease

I contacted my local dealer ( Dirito Concord Nissan ) who is running his own special of $160 @ Month with $4k Down for 39 Months at 12k Miles @ Year. I spoke to the Leaf Sales Specialist at the dealership & had an interesting conversation with him.

Here are the 2 choices :

#1) 24 Month Lease, 12k Miles @ Year, $3999 Total Out Of Pocket = $99 @ Month + Tax.
OR
#2) 39 Month Lease, 12k Miles @ Year, $3999 Total Out Of Pocket = $160 @ Month + Tax.

So the #1 setup seemed to make the most sense right away but here is the catch & this is explained in the article as well. In the state of california, there is a $2500 State Rebate. You only get this when you lease for 3yrs+ or purchase the vehicle. This is a rebate & not some tax credit. $60 @ Month more for 15 more months = $900 more but getting back $2500 from the state leaves you $1600 ahead of the game.

Link to the special : SPECIAL LEASE

This deal works out to be better than what was written about in the article. The article has it at 2995 + 1200 Drive Off (Roughly 4300) & $139. This is $4000 & $99 or $4000 & 160.

Another very interesting part is that there is a Free Charger Program from Ecotality for the greater bay area & other parts of california. Upon calling them, they informed me that to qualify, I had to have leased for 3yrs or longer & that a 24 month lease would not qualify to get the free charger. Link to FREE CHARGER

There is a reason for the sale. Up to 100 miles a charge. That's if you don't have the radio, A/C, or anything else on that drains the battery. But hey, if you only drive 30 miles max any one direction, it may be the one for you. Don't forget your handy GOVT issue green tax credit!

JetiLarry said:   I think you need to account for the first 24 months at $60/month more as well which is an additional $1440 to your math above

YES you are right about that. What was I thinking.... DUUUUH. Anyways the Free Charger is important to me which will be worth it for me. There is also this fairly inexpensive upgrade : EVSE UPGRADE

Maybe the 24 months is the way to go after all.

One more perk I thought about - Carpool Lane

ya know, if you put $enough down$ the monthly payment can be near zero.

How exactly is this hot for most of the country? It seems to be a ymmv. And how do you charge it during those blackouts?

dfoxwe said:   There is a reason for the sale. Up to 100 miles a charge. That's if you don't have the radio, A/C, or anything else on that drains the battery. But hey, if you only drive 30 miles max any one direction, it may be the one for you. Don't forget your handy GOVT issue green tax credit!
Could be. Or maybe the reason is a cheaper "economy" version with better range and lower cost (Probably ~$8000 less) that's coming out next year.

http://articles.nydailynews.com/2012-11-20/news/35241331_1_electric-car-new-nissan-leaf-nissan-officials

But yeah, that can't be right... Who on FW has ever heard of a retailer discounting existing inventory before/as the latest/greatest comes out?

ViveLeRoi said:   Since my previous response was considered "political" by the moderator...

Allow me to point out that the current subsidy of $7500 will likely be increased in the near future to $10,000 per vehicle so you may want to wait until early next year. This is a great incentive for the individual consumer of the product. Whether you agree or disagree with such subsidies, apparently should be discussed elsewhere!

what makes you think that the "subsidy" will be increased when the cliff is looming ?

I just leased mine a few weeks ago. This is really a fun comfortable car to drive. Great for commuting. By the way, if you have 220V in your garage there is an outfit that upgrades the charging unit (actually called a EVSE since the charger is built into the car)for around $300. They offer an option to be able to use it for 110V or 220V (which charges almost 3 times as fast). Do a search for EVSE Upgrade. I figured at 1000 miles per month, with my gas savings minus my added electric costs, that I'm renting this car for about $25 a week.

@pteng2012
Do you mind quoting your deal.... They have one at 127.50 for 24 months with 2995/- down

I was looking for 36/39 month. but the quote changes.
- Thanks

Wish we had some of these deals over on the eastcoast!

Holy DOwn payment Batman!!!

Anyone care to share their latest deals on this vehicle in SoCal? I am contemplating one of these or the Volt, given I have solar at home and am paying ~$240/mo on gas in my commute car, I am thinking a plugin would really make sense...

My dealer (not in CA) is offereing $215/month, $1400 down including first payment and "upfronts" (I assume any taxes/fees). This is on the SLs.

jblaschk said:   . It costs me about $1.50 in electricity each night to drive 70 miles commute the next day vs. about $7.00 in gas I was paying each day in a honda civic.

Thats outstanding.

I know what you are saying... the Volt is an attractive vehicle in every which way... except the price.

KYBOSH said:   I know what you are saying... the Volt is an attractive vehicle in every which way... except the price.That's why leasing is a great idea with the Volt or Leaf or any high-priced PHEV/EV. With leases, manufacturers make a prediction about what the resale value of the car will be after the lease is over, and PHEVs have several big advantages over regular cars in that respect:
-the next buyer will save on gas compared to an equivalent gas car, so he'll pay more
-only ~1/4 of the miles will be put on the gas engine, reducing engine wear
-you can better true monthly costs (depreciation + fuel cost)

With interest rates so low, leasing is a great idea.

mintmaster said:   KYBOSH said:   I know what you are saying... the Volt is an attractive vehicle in every which way... except the price.That's why leasing is a great idea with the Volt or Leaf or any high-priced PHEV/EV. With leases, manufacturers make a prediction about what the resale value of the car will be after the lease is over, and PHEVs have several big advantages over regular cars in that respect:
-the next buyer will save on gas compared to an equivalent gas car, so he'll pay more
-only ~1/4 of the miles will be put on the gas engine, reducing engine wear
-you can better true monthly costs (depreciation + fuel cost)

With interest rates so low, leasing is a great idea.

In Metro Atlanta and the surrounding 'burbs, an outing can easy be 100 miles round trip (very spread out).
For that reason, the 12-15k annual mileage allowance that comes with a lease is a non-starter.

I just saw $94 /mo with $3499 due at signing for 24 mo, 12k mi per year, in the PDX area. Total payments = $5755.

Can anyone point me to an online resource that educates me about leasing?

I drive 30 mi each way, flat highway miles in mild temps year round. 200 trips per year. That's... 12k miles. My current vehicle gets 23 mpg year round, so 522 gallons at $3.75 = $1957 per year in gas. On the surface, it looks like I'll pay $1750 over two years to put 24,000 miles on someone else's vehicle or 13.7 cents per mile, plus the cost of electricity but minus the cost of maintenance and repairs on my own vehicle. I'll have to pay for the insurance on an extra vehicle. I'll still have my own as backup if it looks like I'd go over the 24,000 miles.

Thoughts?

alternatively there is $199 /mo for $1999 down, total payments are higher though IIRC.

Errr....the radio doesn't drain the battery at all. Learn some facts before you start spouting off idiotic comments.[/Q said:

Got to be the stupidest statement I have seen on SD today.

The federal tax credit ($7500) is only available to the purchaser (owner) of the car. So a lease doesn't qualify you to claim the credit.