Booster86
Posts: 8
Joined: Mon Jul 28, 2014 5:12 pm
Location: Chicago, IL

Nissan lease offer in Chicago

Fri Aug 01, 2014 7:02 am

Hi,

I've been reading the forum for quite a while now and wanted to thank all of you for providing such great information.

We have been looking at the Leaf for a couple of months and have decided that leasing is our best option. We haven't yet decided on the trim level.

Below is the current Nissan lease offer in our area.

My question is - What is negotiable on the offer?

2015 Nissan Leaf S Lease - 36 months/$199 month/$2399 initial payment - Excludes taxes, title, and license. $2,399 initial payment required at consummation. (Includes $2,200 consumer down payment, $199 first month payment.) (INCLUDES $8,150 manufacturer's rebate applied to $199/Month lease. Offer valid only when financed through Nissan Motor Acceptance Corporation.) Subject to residency restrictions.

2015 LEAF S Lease model 17015 subject to availability to well-qualified lessees through Nissan Motor Acceptance Corporation. $29,860 MSRP incl. destination charge. Net capitalized cost of $19,081 includes a $595 non-refundable acquisition fee. Dealer contribution may affect actual price set by dealer. Monthly payments total $7,164 At lease end, purchase for $11,944, plus purchase option fee up to $300 (except KS & WI), plus tax, or pay excess wear & use plus $0.15 per mile for mileage over 12,000 miles per year. Lessee is responsible for maintenance and repairs. A disposition fee is due at termination of lease term. No security deposit required. Must take delivery from new dealer stock. See participating dealer for details. Offer ends 09/02/2014.


Thanks!

Booster86

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redLEAF
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Delivery Date: 23 Dec 2011
Location: Chicago, IL

Re: Nissan lease offer in Chicago

Fri Aug 01, 2014 2:33 pm

It's the old dealer participation aspect as to what they have in stock, etc. ... also (although perhaps you already know), you'll lose the 10% MSRP cash rebate (up to $4K) available from the IL EPA due to leasing and not buying it outright. I've leased two other cars in IL and also like TX (and perhaps another state, can't recall); you'll pay sales tax on the whole car, not just the total of the lease payments like in other states ... that's IL for you!
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Booster86
Posts: 8
Joined: Mon Jul 28, 2014 5:12 pm
Location: Chicago, IL

Re: Nissan lease offer in Chicago

Fri Aug 01, 2014 4:59 pm

Well, one reason we're looking to lease is to wait and see what's out in 3 years. That Mercedes B class looks very attractive.

Our RT commute is 25miles, 95% city driving, so it seems like the Leaf will work out well for us.

I also just read that IL changed the tax structure for leasing to make it more attractive?

http://www.ssh-cpa.com/newsroom-insight ... lease.html

LeftieBiker
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Re: Nissan lease offer in Chicago

Fri Aug 01, 2014 7:55 pm

Keep in mind that, in a cold Chicago Winter, 25 miles will be most of your range with an S model - no heat pump...
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Phatcat73
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Leaf Number: 401511
Location: Buffalo Grove, Il

Re: Nissan lease offer in Chicago

Fri Aug 01, 2014 8:14 pm

Tallying up your $199lease payments with the $2200 down results in $9364 total (excluding taxes and other leasing fees) for the 3 year lease.

Whereas 2 days ago I purchased a Leaf S with the following breakdown.

The deal was really good as I caught the dealer at the end of the month and they were looking for volume sales to hit a certain bonus, at the expense of a slight loss on the vehicle.

Cost breakdown (S):
+$28,002 sell price w destination
-$3,500 nissan rebate
-$3,000 IL state rebate (due in 3-4 months)
-$7,500 Fed rebate (due at tax season)

=$14,002 excluding taxes and fees.

Basically for $5k more you get to keep the car. No brainer if you're tax rebate eligible and can wait for the rebates.

0% financing via nissan for 3 years on 2015s or 5 years on 2014.
2018 Tesla Model 3 AWD
2016 SV; leased 20-Jan-17, 25k, 88% SOH; 20-May-19
2015 S; purchased 29-July-14, moved to AZ Nov-2014, 22k, 82% SOH; 01-Mar-18
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redLEAF
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Delivery Date: 23 Dec 2011
Location: Chicago, IL

Re: Nissan lease offer in Chicago

Sat Aug 02, 2014 5:45 am

Booster86 wrote:Well, one reason we're looking to lease is to wait and see what's out in 3 years. That Mercedes B class looks very attractive.

Our RT commute is 25miles, 95% city driving, so it seems like the Leaf will work out well for us.

I also just read that IL changed the tax structure for leasing to make it more attractive?

http://www.ssh-cpa.com/newsroom-insight ... lease.html


Thanks for the link … I heard about this but didn't see the specifics, two things come to mind; 1) hasn't been implemented yet (as per article), possibly 1/1/2015 and 2) although only effects those who trade-in another car, no reduced tax on your trade-in against the total sales tax to be paid which actually makes sense but may make selling yourself more attractive. A number of people simply lease cars so #2 probably won't matter if they never 'buy' a car that needs to be traded in.

Agree with 'phatcat73' on the buying scenario; although ours was an early '12 bought at full list, after the fed credit and IL rebate and trade-in our out-of-pocket to own our '12 SL was about $17K … I just hate making payments so even if I did lease due to ridiculously low money rates, etc. I would probably opt for a single lump sum lease (some offer this) now, but each person looks at this their own way.

On the 25 mile R/T commute, mine is 30 miles and no problems at all but on really cold days (zero or close to it) where the car would sit outside work all day I take my other car (an ICE) just to be on the safe side. I have witnessed the car using its own electricity to warm the battery when its really cold which is comforting and makes me nervous at the same time … as I have another car I simply don't have to deal with it.

Lastly, I also like the MBZ B-class electric but its significantly more money than even the top line LEAF and we probably won't see it until late 2015 out this way (if we're lucky)
2018 smart ED Brabus (leased)
Sapphire Blue Metallic
2017 Tesla Model 3 LR RWD; EAP; 19" sport wheels
Red Multi-coat
2015 VW e-Golf LE (traded-in for Model 3)
2012 Nissan LEAF SL (traded-in at 5 yrs; 46K miles)
EVSE: 10/07/11 Schneider EVlink

Booster86
Posts: 8
Joined: Mon Jul 28, 2014 5:12 pm
Location: Chicago, IL

Re: Nissan lease offer in Chicago

Sat Aug 02, 2014 1:41 pm

We can charge at work in a parking structure, so that's also a bonus.

And I guess we're really not quite ready to buy an EV yet; hence the lease option.

But this lease would be a 1st for us which is why I'm trying to figure out all of the parameters beforehand.

LeftieBiker
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Re: Nissan lease offer in Chicago

Sat Aug 02, 2014 2:07 pm

If you love the car you can still buy it for a reasonable price when the lease ends. You can also extend the lease.
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DanCar
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Re: Nissan lease offer in Chicago

Sun Aug 03, 2014 6:55 am

Booster86 wrote:... And I guess we're really not quite ready to buy an EV yet; hence the lease option. ...
Most people go through these emotions when buying a leaf:
1. Excited when first get the car, not sure what to make of it.
2. Getting happy with the car since it does so much, like remote climate control.
3. Getting even happier, no vibration, smooth ride, no one wants to use the ice car anymore.
4. Still smiling because no more noxious fumes from gas car, don't have to breath cancerous fumes at gas station.
5. As range limitations set in, then happiness is tempered a bit.

At point 3 you will wish you would have bought the car, but later on you might be o.k. with the lease especially if Leaf 2.0 comes out with 150 mile range.
2013 Leaf SL leased 3/10/2013
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Booster86
Posts: 8
Joined: Mon Jul 28, 2014 5:12 pm
Location: Chicago, IL

Re: Nissan lease offer in Chicago - dealer question

Fri Aug 29, 2014 4:08 am

We're finally ready to go lease the Leaf, maybe this Labor Day weekend. May I ask for your recommendations on which dealer to visit?

Thanks!

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