iPlug
Posts: 207
Joined: Thu Apr 28, 2016 6:47 pm
Delivery Date: 25 Apr 2016
Location: Rocklin, CA

Re: Leaf Price / Discount discussion thread

Sat Feb 09, 2019 9:54 am

One problem with a lease extension while waiting for better new lease offers is that one would have to renew state registration for the year. Registration is not particularly cheap in California and they won’t give you a refund for a partial year registration, to my knowledge.
2016 Leaf SV (leased) + 2012 Plug-in Prius (own), 11.43 kW Solar PV (16 MWh/yr actual production), Clipper Creek 7.7 kW charging stations x2, 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater, Variable Speed Pool Pump

ljwobker
Posts: 62
Joined: Sun Sep 16, 2012 12:28 pm
Delivery Date: 10 Aug 2012
Leaf Number: 025408
Location: Raleigh, NC

$500 down, $350/mo, ‘18 SV w Tech & all weather

Tue Feb 12, 2019 7:02 am

Working with a local dealer who said (verbal, nothing in writing yet) that they would do 500 down, 350/month, 36 months on a 2018 SV with the tech package and the all weather package. This is about $13,000 over the life of the lease. Thoughts?

LeftieBiker
Moderator
Posts: 10597
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: $500 down, $350/mo, ‘18 SV w Tech & all weather

Tue Feb 12, 2019 7:08 am

ljwobker wrote:Working with a local dealer who said (verbal, nothing in writing yet) that they would do 500 down, 350/month, 36 months on a 2018 SV with the tech package and the all weather package. This is about $13,000 over the life of the lease. Thoughts?


It's a somewhat better deal than I got for my SL. Residual?
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

Kieran973
Posts: 53
Joined: Tue Jun 19, 2018 6:51 pm
Delivery Date: 20 Jun 2018

Re: Leaf Price / Discount discussion thread

Thu Feb 14, 2019 10:25 pm

This is why I still don't understand the "leasing an EV is smarter" argument. This dealership wants $13,000 for a "new" car lease on a model year that we are no longer in. Meanwhile, if you qualify for the federal, state, and utility incentives/discounts (which, granted, you may not), you can buy an actually new 2019 SV for $20,000 total out of pocket. So the theoretical options are: pay $13,000 and get 3 years of use, or pay $20,000 and get 10ish years of use. I get it that buying an EV is a bigger commitment, and that with the Leaf's battery degradation this can be extra anxiety inducing, but even if you purchased an SV, drove it for 8 years, and then junked it the day after the battery warranty expired, it would still be less expensive on a years of possession to dollars spent ratio than a lease - $20K/8 years vs. $13K/3 years. And if leasing EVs is still the preferred permanent strategy, then over a 10 year period, leasing new Leafs every 3 years at the same rate that you're being offered by this dealership would cost you $13,000 x 3.33 = $43,290.

Unless they're offering you some crazy cheap deal - like $7,000 total out of pocket over 3 years - I would say don't do it....

LeftieBiker
Moderator
Posts: 10597
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Leaf Price / Discount discussion thread

Thu Feb 14, 2019 10:35 pm

When you say "I don't understand..." and then list the two major reasons for leasing, one of which involves many thousands of dollars, it's clear that you actually do understand - you just don't understand how many people who want to drive a Leaf will get nowhere near the full tax credit if they buy. You also seem to discount the possible problems with dealing with substantially decreasing range every year for at least 4 years while waiting for a new warranty battery that will itself behave the same way.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

WetEV
Posts: 2512
Joined: Fri May 04, 2012 8:25 am
Delivery Date: 16 Feb 2014
Location: Near Seattle, WA

Re: Leaf Price / Discount discussion thread

Fri Feb 15, 2019 9:31 am

LeftieBiker wrote:many people who want to drive a Leaf will get nowhere near the full tax credit if they buy.


This is a valid reason for leasing.


LeftieBiker wrote:You also seem to discount the possible problems with dealing with substantially decreasing range every year for at least 4 years while waiting for a new warranty battery that will itself behave the same way.


This is not a valid reason for leasing. Don't be relying on "new car range", but plan on "warranty triggered range". For any EV. Don't use the full battery often. Listen to Uncle Sean.

The missing reason for leasing is that would be that the lease is so cheap that it is cheaper per mile and year than buying and owning the car for the warranty period.
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
2012 Leaf SL Red (Totaled)
2014 Leaf SL Red

Triggerhappy007
Posts: 26
Joined: Tue Jan 01, 2019 8:08 pm
Delivery Date: 01 Jan 2019

Re: Leaf Price / Discount discussion thread

Fri Feb 15, 2019 12:54 pm

WetEV wrote:
The missing reason for leasing is that would be that the lease is so cheap that it is cheaper per mile and year than buying and owning the car for the warranty period.

The problem is that there are no good deals on leasing right now. Like Kieran973 said, if you can get all the incentives, it's cheaper to buy and then sell compared to leasing.
2019 Leaf SL ProPilot
2018 Pacifica Hybrid

golfcart
Posts: 267
Joined: Mon Jan 04, 2016 6:08 am
Delivery Date: 21 Nov 2015
Location: Virginia Beach, VA

Re: Leaf Price / Discount discussion thread

Sat Feb 16, 2019 12:47 pm

I have been talking with a couple of dealerships and can get a 2018 SV with the cold weather package for under 30k OTD before any tax incentives. There are definitely some deals if you can find them still on the lot. The battery might have lost 5% already but the warranty starts when you buy the car so you'd still have 8 years/100k miles of capacity protection.

They asked about leasing but it doesn't make sense for me, I know the resale on a Leaf isn't great but I should be able to drive a 40kWh leaf for a decade without capacity concerns based on my use and the warranty period.
2015 S with Charge Package

LeftieBiker
Moderator
Posts: 10597
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Leaf Price / Discount discussion thread

Sat Feb 16, 2019 1:45 pm

Given that scenario it does make more sense to buy. What are your range needs?
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

golfcart
Posts: 267
Joined: Mon Jan 04, 2016 6:08 am
Delivery Date: 21 Nov 2015
Location: Virginia Beach, VA

Re: Leaf Price / Discount discussion thread

Sat Feb 16, 2019 4:03 pm

LeftieBiker wrote:Given that scenario it does make more sense to buy. What are your range needs?


80 miles any season would do it for me barring any major life changes. I'm doing it with a 2015 right now it's just getting a little tight in the winter.
2015 S with Charge Package

Return to “Buying / Leasing / Dealerships”