Phatcat73
Posts: 411
Joined: Fri Feb 08, 2013 2:44 pm
Leaf Number: 401511
Location: Buffalo Grove, Il

Conditions Ripe to sell Leaf? Sold mine last night!

Tue May 09, 2017 7:29 am

Sold my 2013 SV last night (44k miles, 80% SOH) & was surprised at how fast it sold. First buyer came with cash in hand.

Some background. I recently took the Leaf to a nearby Bolt dealer where they valued the trade-in at $5k. A few days later I stopped by a Nissan dealer to charge and while I was there asked the dealer to appraise my vehicle. Again, they mentioned $5k.

For grins I looked at cars.com and conducted a used Leaf search within 150 miles of Chicago. Most were S's for sale with few SV/SL's. S's were starting around $9k. There was a 2012 SV for 8k. My vehicle was directly after it when comparing costs of all trims. The next 2013 SV was in Milwaukee with 11k miles for $10,500 - looked to be private party as well. In all there were about 10 2013+ SV/SL's listed and most of these were newer used models from mostly dealers. My vehicle had the highest miles of all Leaf vehicles in the 150 mile area range.

I priced my vehicle at $8400 to account for the higher miles. The next day I saw the 2012 SV for 8k, disappear, making my car the lowest Leaf option in at least 150 miles. On day 2, my car sold for $8,200. Buyer came cash in hand and I probably could have stayed firm on the $8400. But the guy brought his HS daughter who was graduating and the car was for her and they were excited. Call me softy...

After the sale:

First thoughts were "Great! I beat the trade-in valuation significantly!" 2nd thought was "Dang, did I price it too low?" and "Why are there only a few used Leafs on the used market in a large EV friendly metro area?"

Sale influencers:
1) low price
2) original owner
3) private owner sales tax transaction $165 fixed vs dealer's 9% tax
4) Supply and demand?
5) Appealing add on options listed in ad (window tint & 3G telematics upgrade)

thoughts?
2016 SV; purchased 20-Jan-17, <5k, 98% SOH; 01-Apr-17
2013 SV; purchased 6-March-13 44k, 81% SOH; 3-Apr-17
2015 S; purchased 29-July-14, moved to AZ Nov-2014, 19k, 83% SOH; 30-Mar-17
(LD storage) 2009 Ford Escape Hybrid 4x2), 101k

silverone
Posts: 68
Joined: Sat Jan 02, 2016 4:29 pm
Delivery Date: 03 Jan 2017
Location: Eastern OH

Re: Conditions Ripe to sell Leaf? Sold mine last night!

Tue May 09, 2017 7:50 am

Pricing is still very regional - our area is about the same as yours, and retail/private party would have been in the $8500 to $9500 range for a 2013SV.

Most of the people I've seen posting or expecting extremely low pricing in the $7k range for a 4/13+ Leaf are in the California area.
2013 SL with Premium package - build date 5/13. 12 bar car with 35,000 miles and counting...
2014 Volt - 45,000+ miles

webb14leafs
Posts: 15
Joined: Mon Mar 27, 2017 9:43 am
Delivery Date: 27 Mar 2017

Re: Conditions Ripe to sell Leaf? Sold mine last night!

Tue May 09, 2017 9:27 am

I think it's just lack of inventory, and supply/demand.

The price/utility for a used Leaf is outstanding, so they sell pretty quickly. Even with the tax credit, it's hard to justify a $20K or more price tag for a car that you can only drive 80-100 miles (unless, of course, you just want to be an early adopter of technology and help save the planet). For $8K the math starts to make sense for a strict commuter car or teenager car.

LeftieBiker
Posts: 6112
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Conditions Ripe to sell Leaf? Sold mine last night!

Tue May 09, 2017 11:22 am

We have zero used Leafs for private sale here, and they are rare on dealer lots. I might be able to do the same with my Leaf (see sig line) if I were to buy it for $5k. I'm just not certain I want to take that risk.
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.

Dooglas
Posts: 99
Joined: Thu Apr 03, 2014 10:08 pm
Delivery Date: 04 Jan 2017
Leaf Number: 314779
Location: Oregon City, OR

Re: Conditions Ripe to sell Leaf? Sold mine last night!

Tue May 09, 2017 3:16 pm

Phatcat73 wrote:First thoughts were "Great! I beat the trade-in valuation significantly!" 2nd thought was "Dang, did I price it too low?" and "Why are there only a few used Leafs on the used market in a large EV friendly metro area?"

I'd say you did fine and you should be pleased with the result. There are still good deals to be had on new '16 and '17 LEAFs, so there is a limit on where the used market can reasonably go.
2013 Leaf SV - lease ended, 2016 Leaf S30

tattoogunman
Posts: 89
Joined: Tue Jun 07, 2016 6:17 pm
Delivery Date: 08 Jun 2016
Location: Plano, Texas

Re: Conditions Ripe to sell Leaf? Sold mine last night!

Tue May 09, 2017 5:01 pm

I looked at a few used ones a few months here in the Dallas/Ft. Worth area. All late model (2014+), low miles (30K or less), and all had their remaining factory warranties - all priced anywhere from $7000 to $8000. Private sales seem to be in the same general ballpark price wise. Now these were S models and the only SV models they had were closer to $10K. For what it's worth.

bugleg
Posts: 2
Joined: Thu Aug 25, 2016 4:13 pm
Delivery Date: 25 Aug 2016

Re: Conditions Ripe to sell Leaf? Sold mine last night!

Tue May 09, 2017 5:58 pm

I just picked up a 2013 SL Premium with 800 miles for 18500--elligible for the tax credit (never been titled). Shipping is another 700.

webb14leafs
Posts: 15
Joined: Mon Mar 27, 2017 9:43 am
Delivery Date: 27 Mar 2017

Re: Conditions Ripe to sell Leaf? Sold mine last night!

Wed May 10, 2017 5:21 am

bugleg wrote:I just picked up a 2013 SL Premium with 800 miles for 18500--elligible for the tax credit (never been titled). Shipping is another 700.


That's an interesting find. What are the warranty details? If the warranty starts the date of purchase, you are probably guaranteed a free battery.

That said, you can pick up a new 2016 for near that price. The SL has some nice "appointments", but I'd rather have the newer base model.

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