dgpcolorado
Well-known member
The flip side of the sharp drop in LEAF resale values is that a careful used car buyer, with realistic expectations and range needs, can pick up a used LEAF for a very good price.
QueenBee said:Thanks for setting the facts straight OrientExpress. Way to much speculation and irrelevantly bringing up the full retail price vs what a new LEAF car actually costs. As you point out anyone that bought and had any inkling that they would be trading in within a few years should have clearly leased. Just using Nissan's guess on value these cars should be losing roughly 1% of their value a month based on the residual. Obviously it's not linear but that should give you an idea of value over the lease period.
TonyWilliams said:QueenBee said:Thanks for setting the facts straight OrientExpress. Way to much speculation and irrelevantly bringing up the full retail price vs what a new LEAF car actually costs. As you point out anyone that bought and had any inkling that they would be trading in within a few years should have clearly leased. Just using Nissan's guess on value these cars should be losing roughly 1% of their value a month based on the residual. Obviously it's not linear but that should give you an idea of value over the lease period.
And residuals are not based on anything but the MSRP.
Here's the actual data from Nissan, current as of Dec 2012:
2012 Nissan LEAF "SL"
15,000 annual miles
MSRP price $38,415
Residuals
24 month = 55% MSRP
36 month = 47% MSRP
39 month = 46% MSRP
edatoakrun said:You guys are going to love calculating your depreciation losses on your S's.
Buying an S will give ample opportunities for the AOG ceremony for years to come...
Happy Festivus to all!
http://www.festivusweb.com/" onclick="window.open(this.href);return false;
dgpcolorado said:The flip side of the sharp drop in LEAF resale values is that a careful used car buyer, with realistic expectations and range needs, can pick up a used LEAF for a very good price.
I think many people who at least know of EVs probably figure the battery will wear out since they likely have some personal experience w/a laptop, cell phone or cordless phone not holding a charge well anymore. Unfortunately, typically the useful lifespan of such batteries tends to be really short partly due to how they're usually charged/used (and few laptops let you even manage what % to charge the battery to). So, by extension, this may spread to cars.Herm said:I'm not sure most people know about the battery issue*, I suspect there is little demand for the Leaf new or used and the prices reflect it.
*its a wear item, like tires
Herm said:I'm not sure most people know about the battery issue*, I suspect there is little demand for the Leaf new or used and the prices reflect it.
*its a wear item, like tires
GaslessInSeattle said:same It's started a domino effect, poor handling of the excessive range loss has lead to a leery market, leading to a glut in 2012's...
cwerdna said:From my experience w/selling my own cars, I've found that KBB tends to be high and Edmunds tends to be low.
http://www.nada.com/" onclick="window.open(this.href);return false; is another data point.
Click to openKelley Blue Book compared the Leaf with the similarly sized Nissan Sentra, finding the Leaf would be worth 20 percent of its original cost after five years while the Sentra would be worth around 30 percent. For the Volt, KBB found it to be worth 30 percent after five years, while Chevy's conventional Cruze compact would be worth 38 percent. ALG's numbers were similar, bumping the values up one percentage point for both the Leaf and the Volt. According to ALG, the average resale value over five years for a conventional compact is 36.6 percent of original cost.
There will always be outliers, but here is a list of almost 200 LEAFs from Cars.com that are selling above $20K.EdmondLeaf said:On cars.com there are 29 2011 with asking price below 19K with some as low as 16.8K. My question is how dealer is able to make profit considering wholesale average of 18K?
I think you agree: correct should be:OrientExpress said:There will always be outliers, but here is a list of almost 200 LEAFs from Cars.com that are selling above $20K.EdmondLeaf said:On cars.com there are 29 2011 with asking price below 19K with some as low as 16.8K. My question is how dealer is able to make profit considering wholesale average of 18K?
JeremyW said:The mileage of any of these leafs at auction is just ridiculously low at this point. 5,277 miles? I have more that on my '12 and I've only had it about six months. Must be dealer demo cars.
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