pointlomadave
Posts: 83
Joined: Mon May 06, 2013 9:04 pm
Delivery Date: 30 Apr 2013

HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Wed Nov 15, 2017 7:53 pm

So, I just sold my 2013 Leaf S a few weeks ago for $7k with 55k miles. I couldn't get anyone to come over and look at it 6 months earlier for $6k when it had 46k miles. A quick check on KBB confirmed that values were indeed up and still are after another check.. Seeing as u can't really buy a new Leaf right now, people can't cross shop a brand new Leaf with all the associated rebates with a used Leaf. Use that to your advantage! We bought a 2017 Leaf in March for $9300 + tax & fees (for a fully optioned Leaf S MSRP of $34k) post state and federal rebates.

The new 2018 Leaf being slightly cheaper and having more range could be the nail in the coffin for the used market four our cars.

Now, other consideration is that the GOP tax plan has a provision to end the Federal Tax rebate of $7500 for 2018 and later EV purchases. So, that could work in our favor for resale value...so stay abreast of that issue as changes/revisions are made to the law. I follow political stuff quite closely and the EV issue is far down the list of "reportable" and "news-worthy" info to most. So, you'll have to find the latest copy of the bill should it pass to determine your course of action.

If the GOP tax plan doesn't pass, the $7500 Fed rebate will remain and I'd say sell your Leaf ASAP while demand is high and prices have spiked several thousand dollars...and BEFORE 2018 Leafs hit lots!

Keep in mind...ANYONE who wants a Leaf right now MUST by USED! That will not be the case in just a month's time.

P.S. Further clouding the issue is that fact that 2016 and older Leafs will lose HOV (Carpool Lane) access in California in Jan 2019...a little less than 1 year away. 2017 and later EV's can extend that by 3-5 years and will be issued a new sticker. Also, the CA $2500 rebate is currently not funded meaning it is deterring people from new EV's even more so.

Discuss!
Last edited by pointlomadave on Wed Nov 15, 2017 8:35 pm, edited 3 times in total.

LeftieBiker
Posts: 7404
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Wed Nov 15, 2017 7:54 pm

The last time I looked, last week, there were about 55 Leafs in stock at dealers.
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.

pointlomadave
Posts: 83
Joined: Mon May 06, 2013 9:04 pm
Delivery Date: 30 Apr 2013

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Wed Nov 15, 2017 8:01 pm

LeftieBiker wrote:The last time I looked, last week, there were about 55 Leafs in stock at dealers.


This site shows that Leaf avail is rapidly dwindling. Will prob be only several dozen sold nationwide in November. We'll see in a few weeks. I'm sure most those are buried on Dealer lots somewhere obscure. And, loaded with a ton of dealer add ons like window etching, LoJack, etc.

55 Leafs avail is virtually 1 car per state...as good as sold out.

https://insideevs.com/monthly-plug-in-sales-scorecard/

tesleaf
Posts: 6
Joined: Fri Nov 10, 2017 9:44 pm
Delivery Date: 11 Apr 2019

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Wed Nov 15, 2017 9:01 pm

When are the 2018 Leaf coming to the dealers in the US?
Would I be able to buy a 2013 leaf SV for $7000 when the 2018's come?

pointlomadave
Posts: 83
Joined: Mon May 06, 2013 9:04 pm
Delivery Date: 30 Apr 2013

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Wed Nov 15, 2017 9:36 pm

tesleaf wrote:When are the 2018 Leaf coming to the dealers in the US?
Would I be able to buy a 2013 leaf SV for $7000 when the 2018's come?


Supposedly next month in December. And, what price u can get a used SV for depends not only on where u live, but if we lose the Federal $7500 rebate on new EV's starting in 2018 as currently proposed.

LeftieBiker
Posts: 7404
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Wed Nov 15, 2017 10:41 pm

pointlomadave wrote:
LeftieBiker wrote:The last time I looked, last week, there were about 55 Leafs in stock at dealers.


This site shows that Leaf avail is rapidly dwindling. Will prob be only several dozen sold nationwide in November. We'll see in a few weeks. I'm sure most those are buried on Dealer lots somewhere obscure. And, loaded with a ton of dealer add ons like window etching, LoJack, etc.

55 Leafs avail is virtually 1 car per state...as good as sold out.

https://insideevs.com/monthly-plug-in-sales-scorecard/


There are still 2017 Leafs left, and it's because they are not especially desired. Thus there will be no panicked buying of used Leafs when the last one (and they are standard packages, most without Premium) gets sold, probably in January or February. Your hyperbole isn't entirely wrong, but it is hyperbole.
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.

pointlomadave
Posts: 83
Joined: Mon May 06, 2013 9:04 pm
Delivery Date: 30 Apr 2013

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Thu Nov 16, 2017 1:42 am

LeftieBiker wrote:
pointlomadave wrote:
LeftieBiker wrote:The last time I looked, last week, there were about 55 Leafs in stock at dealers.


This site shows that Leaf avail is rapidly dwindling. Will prob be only several dozen sold nationwide in November. We'll see in a few weeks. I'm sure most those are buried on Dealer lots somewhere obscure. And, loaded with a ton of dealer add ons like window etching, LoJack, etc.

55 Leafs avail is virtually 1 car per state...as good as sold out.

https://insideevs.com/monthly-plug-in-sales-scorecard/


There are still 2017 Leafs left, and it's because they are not especially desired. Thus there will be no panicked buying of used Leafs when the last one (and they are standard packages, most without Premium) gets sold, probably in January or February. Your hyperbole isn't entirely wrong, but it is hyperbole.


I'll humor you a bit, but I didn't say there would be "panicked buying" of used Leafs, but rather that used Leaf values have risen dramatically according to KBB values and that the rise in values may very well be only temporary.

Let's say I find one of these Leafs that are still out there and it is 800 miles away...How am I getting it home? Aside from being a former New/Used car salesman including at a Nissan Dealer in SoCal, I've personally bought over 50 vehicles both new and used and have never traveled more than 2 hours to buy one. Certainly not going to try and drive home a Leaf 800 or even 500 miles with a charging network that still doesn't exist. You still can't get to Vegas or Phoenix from SoCal in a Leaf unless you bring a generator and gas cans or ask some stranger to let you plug in on L1 in the middle of BFE for nearly an entire day. Heck, furthest I've driven in 80k miles among 3 different EV's is 140 miles from home. I don't expect a new EV buyer to set out across the great plains on a cross-continental journey with no charging options for a car in a color or option pkg they don't prefer...especially in CA right now when the state rebate is out of funding.

Most people who buy a used car look on Kelly Blue Book to find out what a car is worth and I'm telling now and you can check for yourself and see my "hyperbole" is reflected in the prices of use Leaf values according to their site, and in my very recent personal experience selling a very avg condition car with 55k miles & some notable cosmetic issues for $7k. For reference, a local independent used car dealership in town specializing in used Leafs a year ago was selling 2013 Leaf S quick charge cars (over 20 of them) with 30-35k miles for $6500-$7500 advertised price. Get that? A YEAR AGO and with 20-25K less miles and in much better condition than the Leaf I just sold.

Would you pay $18k for a used 2017 Leaf when you could get a new one for half that after rebates like I did? Of course not but new is not an option anymore. 55 vehicles remaining in the country of a limited range EV does not equate to "availability." Those remaining Leafs are going to have to rely on more local demand to move.

So many factors pushing prices up on our cars temporarily. My post is a PSA to those who have been thinking of selling to act fast. IF the House/Senate do succeed in taking away the Federal rebate for 2018 and beyond vehicles in little over a month, we'll see a more permanent hike in the prices of used Leafs and other EV's as the 2018 Leaf will NOT get the $7500 Federal Tax credit anymore. That means no more cheap lease deals on EVs...not like we've seen. Take $7500, divide by 36 and add to the car payment of the previous $199 Leaf lease special...see what I mean?

Especially for those in CA, let me reiterate reasons to sell NOW:

*Carpool sticker program ending in Jan 2019 and nobody knows about it...YET!!
*CA state rebate out of funds for all but low income buyers (below $33k annual for single person) and no guarantee of replenishment.
*Anyone wanting a low cost EV has VERY few options and now can no longer cross-shop with a previously heavily incentivized new Leaf.
*New gas tax in CA went active Nov 1st has created an artificial demand for those seeking to escape the tax hike. Gas up 40 cents in 2 weeks.

LeftieBiker
Posts: 7404
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Thu Nov 16, 2017 4:12 am

I will correct myself on one point: you are not claiming that panicked buying will happen; you are just trying to get people to do it. ;-) And given that you are in the business, now I have a better understanding why. The 55 Leafs, BTW, were within 500 miles of me, and dealers can and will trade for cars. Seriously, I understand that you want to let people know that you think that NOW is the time to buy. I'm just saying that maybe now "might be" the time to buy. All lower case.
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.

BrockWI
Posts: 574
Joined: Fri Mar 28, 2014 6:28 am
Delivery Date: 28 Mar 2014
Leaf Number: 423875
Location: Green Bay, WI.
Contact: Website

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Thu Nov 16, 2017 6:21 am

As we are looking right now I can add that in North East Wisconsin there are no new Leaf's within 400 miles of us (none in Milwaukee, Minneapolis or Chicago). I talked to two dealers and both said they can't get a new 17's and I should wait for the 18's. I also did notice the price creep up on the used ones, but I hope to wait to see what happens with the 18's before moving on to a Bolt. We will be keeping our 13 for our soon to be driver...
3 kw solar pv - XW6048 - 8 L16's
4 ton GSHP
2003 VW TDI 170k miles - 52 mpg lifetime
evse level 2 - Clipper Creek HSC-40
2013 S model with QC package Mar of 2013

pointlomadave
Posts: 83
Joined: Mon May 06, 2013 9:04 pm
Delivery Date: 30 Apr 2013

Re: HEY!!! SELL YOUR LEAF! Temp price spike on used Leafs to end SOON!!!

Thu Nov 16, 2017 7:57 am

LeftieBiker wrote:I will correct myself on one point: you are not claiming that panicked buying will happen; you are just trying to get people to do it. ;-) And given that you are in the business, now I have a better understanding why. The 55 Leafs, BTW, were within 500 miles of me, and dealers can and will trade for cars. Seriously, I understand that you want to let people know that you think that NOW is the time to buy. I'm just saying that maybe now "might be" the time to buy. All lower case.


I haven't been in the car business in sales since 2001. And motorcycle sales since 2003, and what I do now is totally unrelated to the automotive industry...I just know the business. Which btw, dealers notoriously don't update their online inventory as even if they don't have the car anymore, they want you to call anyway so they can sell you something else. And you are correct, now definitely could be the time to buy something else, especially if we lose the Federal rebate starting Jan 1. Point being like I and another responder here have said and verified by KBB, prices are up for the first time EVER on used Leafs. If u were thinking about selling, now is a great time.

U obviously don't know how dealer trades work. Let me help you out. BOTH, and I mean BOTH dealers have to want to do the trade. It has to benefit both of them. Hard enough to do as dealers hate the process, and normally they will trade only with a dealer within a couple hour's drive and make the salesman do the driving. The 2 different owned Nissan Dealers in my town hate each other and refuse to do trades.
In the case of a Leaf, they're going to just send the buyer to the other dealer and in that case I refer back to my earlier point about long drives in an EV
Last edited by pointlomadave on Thu Nov 16, 2017 8:15 am, edited 1 time in total.

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