2018 Leaf

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LeftieBiker said:
With the botched American launch I may wait until May to try to catch discounts here as my lease ends.

It is surprising that this whole thing fell off the rails already, on a car that shares parts with the previous model. My local dealer claimed to be the #1 seller in the USA, but he got two S models during last week.
 
like2bike said:
rcm4453 said:
Why would anyone pay over $500/month to lease a Leaf?!

Has everyone else missed that the ops LEAF was purchased in Virginia which is not a ZEV state? Doesn't that make a good deal harder to get?

Yes, but not impossible. We're in VA and are currently leasing a 2015 SV w/ Prem for $198/mo with nothing down other than first month's payment. But good lease deals on EV's in Virginia take a lot more work than for the same car on SoCal.

Keith
 
HornsKeith said:
like2bike said:
rcm4453 said:
Why would anyone pay over $500/month to lease a Leaf?!

Has everyone else missed that the ops LEAF was purchased in Virginia which is not a ZEV state? Doesn't that make a good deal harder to get?

Yes, but not impossible. We're in VA and are currently leasing a 2015 SV w/ Prem for $198/mo with nothing down other than first month's payment. But good lease deals on EV's in Virginia take a lot more work than for the same car on SoCal.

Keith

Your situation is COMPLETELY different. I leased a 30 kwh LEAF for nothing down and $245 a month with 15k miles. Those days are gone... at least for now.
 
My point was merely that the problem with getting good lease deals on a 2018 Leaf isn't the fact that someone is in Virginia- it's that the 2018 Leaf just launched and is brand new. And it's often very challenging to get reasonable lease deals on anything that's brand new, regardless of the make or model.

Keith
 
HornsKeith said:
My point was merely that the problem with getting good lease deals on a 2018 Leaf isn't the fact that someone is in Virginia- it's that the 2018 Leaf just launched and is brand new. And it's often very challenging to get reasonable lease deals on anything that's brand new, regardless of the make or model.

Keith

Well maybe we need to be reminded that despite the 2018 reportedly being a MUCH better version than previous years while STILL cheaper than previous versions that PERHAPS there is simply less room and need to get a huge discount to justify the TCO on the car... or we can wait and see if trump gets his gas tax hike ;)
 
The one year extension of my 2014 SL lease was up this month, and I've replaced it with a 2018 SV. I thought about kicking the can down the road a bit longer with their 3 month extension offer, but I decided I was ready for something new after four years. Looked at the Bolt, but the incremental increase in range didn't make up for the additional cost and other things I felt were lacking.

I miss the days from my 2012 and 2014 leases when Nissan had less realistic residuals, but rather than look at how much more it costs today, I elect to focus on how much I saved over the last seven years.

Lease Date: 3/10/2018
Lease Terms: 36 months, 12k miles/year
Location: St. Louis metro area (Missouri)
Vehicle: NEW 2018 Nissan Leaf SV

Exterior Color: Pearl White
Interior Color: Black
Options/Accessories: SV All Weather Package, SV Technology Package, Splash Guards, Premium Paint, Carpeted Floor Mats and Cargo Area Mat

Total MSRP + Destination: $37,250
Total Price Accepted: $34,000
Total Discount: $3,250
Additional Fees, License (See below): $859
Down Payment: $0
Capitalized Cost Reduction: $8,500
Adjusted Capitalized Cost: $26,359
Residual Value: $11,920
Depreciation: $14,439
Rent Charge: $495.96
MF: 0.00036

Base Monthly Payment: $414.86
Monthly Tax: $33.66
Total Monthly Payment: $448.52

State & Local Tax Rate: 8.113%
MO Title, License, Registration: $65.00
Acquisition Fee: $595.00
Administrative Fee: $199.00

Really enjoying the car so far. I was less than thrilled on the second day though when I was driving down the highway and a rock hit my windshield. I've been driving around with an interesting question mark shaped crack right in the middle of the windshield for the last week and a half. Thankfully it quit growing after a few days. It gets replaced tomorrow. $1046 total cost to replace. My deductible is $500. Sigh.
 
Ladewig said:
Total MSRP + Destination: $37,250
Total Price Accepted: $34,000
Total Discount: $3,250
Additional Fees, License (See below): $859
Down Payment: $0
Capitalized Cost Reduction: $8,500
Adjusted Capitalized Cost: $26,359
Residual Value: $11,920
Depreciation: $14,439
Rent Charge: $495.96
MF: 0.00036

Base Monthly Payment: $414.86
Monthly Tax: $33.66
Total Monthly Payment: $448.52

State & Local Tax Rate: 8.113%
MO Title, License, Registration: $65.00
Acquisition Fee: $595.00
Administrative Fee: $199.00
Thanks for the informative post.
I'm surprised you did not buy the car. Presuming you are eligible for the $7,500 tax credit the car could have been bought in 64 months of your lease payment.
 
64 months of lease payments only pays the price after cap cost reduction. If he qualified for zero interest loan, his payments would have been closer to $613 a month for 60 months.
 
Lease Details: 42 month lease at 15,000 miles per year

Lease Date: 03/29/2018
Location: Charlotte Harbor, S.W. Florida
Vehicle: NEW 2018 Nissan Leaf S
Exterior Color: Gun Metallic (Grey)
Interior Color: Black

Sticker Base MSRP $32975.00
Agreed Upon Vehicle Price $30805
Doc. Fee $899
Capitalized Cost Reduction $10202.06
Adjusted capitalized Cost $22342.74
Residual Value $8573.50

Fla. state sales tax $1,025.64
Fla. title, license, registration $245.80
Acquisition Fee $595.00

Rent Charge $882.88
Monthly Payment $373.28 ($348.86+$24.42 tax)

Financial arrangement: Pay $1966 up front to cover Destination charge of $885 and First Month's Payment and other fees, then monthly payments of $369.79 x 41 months. I think the Interest rate was 2.4%
 
VinceGlorioso said:
Lease Details: 42 month lease at 15,000 miles per year

Lease Date: 03/29/2018
Location: Charlotte Harbor, S.W. Florida
Vehicle: NEW 2018 Nissan Leaf S
Exterior Color: Gun Metallic (Grey)
Interior Color: Black

Sticker Base MSRP $32975.00
Agreed Upon Vehicle Price $30805
Doc. Fee $899
Capitalized Cost Reduction $10202.06
Adjusted capitalized Cost $22342.74
Residual Value $8573.50

Fla. state sales tax $1,025.64
Fla. title, license, registration $245.80
Acquisition Fee $595.00

Rent Charge $882.88
Monthly Payment $373.28 ($348.86+$24.42 tax)

Financial arrangement: Pay $1966 up front to cover Destination charge of $885 and First Month's Payment and other fees, then monthly payments of $373.28 x 41 months. I think the Interest rate was 2.4%

3½ year lease? interesting...

Your Doc fees are insane. Not sure I could have accepted that but each state is different I guess. Interested in what your credit rating is. Some dealerships pad profit by manipulating the MF. Nissan is pretty liberal with qualifying for the best rate. I think its like 725? or so?
 
At last check my FICO score was in the high 700's.

My auto insurance went up, even though this vehicle was "less expensive" at the start of the lease than the 2015 it replaced.

This, combined with the unrelated fact that I am in a partnership of an aircraft wherein we buy a "declared value" insurance policy, has got me to thinking I am being robbed by the insurance company, more than usual.

Does anyone have any insight into whether or not we are paying to insure the "rebate" amount of the car in our comprehensive coverage? I asked the insurance representative for the amount of money they are going to pay in a full loss and it was like talking to a brick wall.
 
VinceGlorioso said:
At last check my FICO score was in the high 700's.

My auto insurance went up, even though this vehicle was "less expensive" at the start of the lease than the 2015 it replaced.

This, combined with the unrelated fact that I am in a partnership of an aircraft wherein we buy a "declared value" insurance policy, has got me to thinking I am being robbed by the insurance company, more than usual.

Does anyone have any insight into whether or not we are paying to insure the "rebate" amount of the car in our comprehensive coverage? I asked the insurance representative for the amount of money they are going to pay in a full loss and it was like talking to a brick wall.

Lets talk about what you cannot control on your insurance rates. This excludes your driving record, long term business relationship with your insurance company, and the value of your car.

Insurance companies are basically investment companies whose SOLE purpose is providing a return on investment. The income for the investments are your premiums minus payouts minus the profit margin they desire.

So you want to blame someone for your increased insurance rates? Don't blame Nissan. Start with your neighbors
 
VinceGlorioso said:
At last check my FICO score was in the high 700's.

My auto insurance went up, even though this vehicle was "less expensive" at the start of the lease than the 2015 it replaced.
.
Inflation, at a minimum.

If you do not like the rate then start shopping. You are not going to convince your present insurance company to treat you to a special deal.
 
Just got a local quote.
Seems rather crazy- did Nissan stop passing the whole $7500 tax credit through in April?
I see $3150 Lease cash and $2k NY rebate, but nothing else:

Lease Terms: 36 months, 12k miles/year
Location: Upstate NY
Vehicle: NEW 2018 Nissan Leaf SV

Options/Accessories: SV All Weather Package, SV Technology Package, Splash Guards, Premium Paint, Carpeted Floor Mats and Cargo Area Mat

Total MSRP + Destination: $37,250
Selling price: $35,720
Total Discount: $1,530
Additional Fees, License (See below): $907
NY TAX: $2,052

Down Payment: $0
Capitalized Cost Reduction: $5,150
Adjusted Capitalized Cost: $33,529.50
Residual Value: $16,017.50
Depreciation: $17,512
Rent Charge: $1,177.20
MF: 0.00066

Base Monthly Payment: $519.14
Monthly Tax: $33.66
Total Monthly Payment: $519.14

State & Local Tax Rate: 8.25%
Title, License, Registration: $$257
Acquisition Fee: $595.00
 
Reagle said:
Just got a local quote.
Seems rather crazy- did Nissan stop passing the whole $7500 tax credit through in April?
I see $3150 Lease cash and $2k NY rebate, but nothing else:

Lease Terms: 36 months, 12k miles/year
Location: Upstate NY
Vehicle: NEW 2018 Nissan Leaf SV

Options/Accessories: SV All Weather Package, SV Technology Package, Splash Guards, Premium Paint, Carpeted Floor Mats and Cargo Area Mat

Total MSRP + Destination: $37,250
Selling price: $35,720
Total Discount: $1,530
Additional Fees, License (See below): $907
NY TAX: $2,052

Down Payment: $0
Capitalized Cost Reduction: $5,150
Adjusted Capitalized Cost: $33,529.50
Residual Value: $16,017.50
Depreciation: $17,512
Rent Charge: $1,177.20
MF: 0.00066

Base Monthly Payment: $519.14
Monthly Tax: $33.66
Total Monthly Payment: $519.14

State & Local Tax Rate: 8.25%
Title, License, Registration: $$257
Acquisition Fee: $595.00

Don't do it
 
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