evatl4me
Posts: 1
Joined: Tue Jun 27, 2017 10:50 am
Delivery Date: 30 Jun 2017

Buying a 2016 Leaf S or lease 2017 Leaf S

Thu Jun 29, 2017 5:21 am

I am looking into buying or leasing a 2016 or 2017 Leaf S. I am in Atlanta, and have found a few 2016. There are a few incentives from Nissan, 10k Georgia power discount, $4k NMAC 0 % interest for the 2016. The lowest advertised price is $16,855. My questions is how much of an issue is the battery degradation for a leaf sitting on the lot for 8 plus months. Also, when speaking with the dealer on the phone, he said out the door was closer to 22k because the taxes are based on the sales price plus cash back. As for the lease of the 2017 I am getting quotes of $300 with 0 down.

Please let me know what your thoughts on pricing and if it is a bad idea to buy a 2016 which has been sitting on a lot for many months. I have gained so much information from this forum and it is very much appreciated.

As for the use of the car, it is mostly for around town so range is not a big concern.

Thanks so much for any advice,

SageBrush
Posts: 861
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: Colorado

Re: Buying a 2016 Leaf S or lease 2017 Leaf S

Thu Jun 29, 2017 6:43 am

evatl4me wrote: taxes are based on the sales price plus cash back.,

It is generally true that rebates are taxed while discounts are not.

This question follows the form of what we have come to expect in store shopping. Say you buy a printer from Staples:
If the store has dropped the price, you pay taxes on the lower price;
but if the item price stays the same and then you receive a rebate, you pay based on the pre-rebate amount.

This is actually one of the reasons I decided to buy a used LEAF and forgo the larger tax credit on a new EV. Ymmv of course, so do your own arithmetic for your state.
2013 Model 'S' with QC & rear-view camera
Bought off-lease Jan 2017 from N. California with 63.9 Ahr after 22k miles
Car is now enjoying an easy life in Colorado

User avatar
Stanton
Forum Supporter
Posts: 1922
Joined: Thu Feb 03, 2011 10:56 am
Delivery Date: 01 Sep 2011
Leaf Number: 7458
Location: Plano, TX
Contact: Website Twitter

Re: Buying a 2016 Leaf S or lease 2017 Leaf S

Thu Jun 29, 2017 6:51 am

evatl4me wrote:Please let me know what your thoughts on pricing and if it is a bad idea to buy a 2016 which has been sitting on a lot for many months. I have gained so much information from this forum and it is very much appreciated.

As for the use of the car, it is mostly for around town so range is not a big concern.


Depending on the SOC level, it could be a problem sitting on the lot in a warm (Atlanta) climate for that long. Then again, you state that "range isn't a big concern".
I suggest putting a GID meter (LeafSpy, etc.) on the car and seeing what degradation (if any) has actually occurred. Only then can you make an informed decision.
2011 Blue Ocean SV w/floor mats & window tint
12v LiFePO4 battery & FIAMM 74100 horns
Wet Okole seat covers (front)
Tor's low-power heater mod
2013 sun visor
3G modem upgrade
L2 EVSE Upgrade
Battery Pack replaced (Rev E) @51 months and 41k miles

LeftieBiker
Posts: 6563
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Buying a 2016 Leaf S or lease 2017 Leaf S

Thu Jun 29, 2017 11:57 am

This situation is a good example of why leasing a Leaf is often better. If the battery turns out to be degraded or degrading, you can turn it in after leasing. If not, you can buy it when the lease ends, and maybe get a residual discount as well.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

SageBrush
Posts: 861
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: Colorado

Re: Buying a 2016 Leaf S or lease 2017 Leaf S

Thu Jun 29, 2017 12:38 pm

LeftieBiker wrote:This situation is a good example of why leasing a Leaf is often better. If the battery turns out to be degraded or degrading, you can turn it in after leasing. If not, you can buy it when the lease ends, and maybe get a residual discount as well.
That is indeed a nice advantage, but leasing has SO many downsides, as this thread demonstrates:

1. the person is forced into a replacement car with little time to look around, wait a little for a better alternative, or time the market
2. they eat the lion's share of new car depreciation

It is just not that hard to buy a used LEAF with a proven good battery at a highly depreciated price. California is a different story these days, where leases for the NIssan LEAF are dirt cheap.
2013 Model 'S' with QC & rear-view camera
Bought off-lease Jan 2017 from N. California with 63.9 Ahr after 22k miles
Car is now enjoying an easy life in Colorado

SageBrush
Posts: 861
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: Colorado

Re: Buying a 2016 Leaf S or lease 2017 Leaf S

Thu Jun 29, 2017 1:19 pm

Only speaking for my LEAF, in Colorado:

The savings in taxes and car insurance (since I defer comp & collision on my used LEAF) over five years from not buying a new car paid for my used LEAF.
2013 Model 'S' with QC & rear-view camera
Bought off-lease Jan 2017 from N. California with 63.9 Ahr after 22k miles
Car is now enjoying an easy life in Colorado

LeftieBiker
Posts: 6563
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Buying a 2016 Leaf S or lease 2017 Leaf S

Thu Jun 29, 2017 1:59 pm

1. the person is forced into a replacement car with little time to look around, wait a little for a better alternative, or time the market
2. they eat the lion's share of new car depreciation


You have plenty of time to look around - the lease ends at a known date, plus you can usually get a month to month extension. And the Federal credit does much of the depreciation eating here.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

Return to “Buying / Leasing / Dealerships”