Leaf Owners : Actual Lease Details

[Coffee_Slurry]

I posted the actual numbers from my lease agreement in this thread, if you want to see how it worked out for a CA lease:
http://www.mynissanleaf.com/viewtopic.php?f=23&t=3823

 

[Ready2plugin]

One thing that irks me is that the dealer taking the $7,500 means if I decide to buy the car at the end of the
lease it in effect I am paying $7,500 over the price of the car. Am I wrong to look at it this way?

I don't think this is correct, because the $7,500 is reflected in your lower monthly payment over the term of the lease.

 

[Coffee_Slurry]

One thing that irks me is that the dealer taking the $7,500 means if I decide to buy the car at the end of the
lease it in effect I am paying $7,500 over the price of the car. Am I wrong to look at it this way?

I don't think this is correct, because the $7,500 is reflected in your lower monthly payment over the term of the lease.

Right. You get the $7,500 either way:
As a downpayment on your Lease (reducing your monthly cost)
As a kick-back after you pay cash.

You write a check for $2,000, the dealer writes it up as a "$9,500 Payment" on Month 1 of your lease. Very nice, actually.

 

[houstonmobilian]

One thing that irks me is that the dealer taking the $7,500 means if I decide to buy the car at the end of the
lease it in effect I am paying $7,500 over the price of the car. Am I wrong to look at it this way?

I don't think this is correct, because the $7,500 is reflected in your lower monthly payment over the term of the lease.

Right. You get the $7,500 either way:
As a downpayment on your Lease (reducing your monthly cost)
As a kick-back after you pay cash.

You write a check for $2,000, the dealer writes it up as a "$9,500 Payment" on Month 1 of your lease. Very nice, actually.

I concur. I did the same last Saturday when I got my LEAF. But mine is $3000 check since I got the Quick charge port. Monthly lease payment comes up to around $420/month with residual about $15500.

 

[cwerdna]

Also, I dont think in CA if you trade-in the total purchase price is decreased and you end up paying less sales tax. No matter what, we end up paying tax on the full sales price. :-(

For CA, that's correct per http://www.edmunds.com/car-buying/what-fees-should-you-pay.html.

The earlier person who posted about saving on sales tax by trading in lives in AZ, where you can do it. Same goes for WA state.

 

[leaflet]

Finally picked up my Leaf on Saturday! I was so excited that I think I made the wrong choice on financing.
My price: $33,540 including destination fee
Down: $1999 +$150 doc fee+$232 license=$2384
$345.28/month for 39 months 12,000 miles
RESIDUAL:$15,197.60

I was going to get a 36 month at $355/month but then the dealer asked me to go 39 months instead. He said it was a better deal and that my monthly payment would be $10 less.

After getting home and thinking about it after some of the excitement about finally getting the car has worn off,
I'm going to pay an extra $1100 for the car that I got a $1000 off MSRP initially and have to pay a full year of registration..another $200-300

Anyone else make this same mistake? Can it be changed now that I have the car?

 

[LEAFfan]

The other reason I chose 36 mos. is that the warranty expires in three years. That must have been Rairdon's because the 39 mo. lease was the first quote from them, and after I thought about it, had it changed it to 36 before I leased the car.