VitaminJ
Posts: 373
Joined: Tue Jan 03, 2017 11:46 am
Delivery Date: 07 Jan 2017
Leaf Number: 415775
Location: Morrison, CO
Contact: YouTube

Re: Used Leaf Future Depreciation

Wed Feb 01, 2017 12:58 pm

I thought about buying a FIAT for about....ooohhh....5 seconds! Lol! Just kidding, I'm sure it's a great car. Lighter than the Leaf with same hp and battery, should be good to go. I should test drive one.

My Leaf should pay for itself within 2-3 years depending on what gas does. I spend almost $3000 just on gas alone last year and gas has been it's cheapest since the 90s. Then oil changes, spark plugs, clutch, gaskets, etc. I can only really see gas prices going one way, up. Add Trump to that mix and maybe I will pay off my Leaf sooner than that. After that time it's basically a free car that will cost less to drive than to insure. If gas goes up this year I think Leafs are probably close to the bottom of their depreciation, at least 12/12 bar Leafs, even more so if the EV tax credit goes away and lessees and new-car buyers start looking at used instead.
2013 Ocean Blue SV w/ QC and LED
- +0.2 mi/kwh Aeromods
- 2lb 5Ah LiFe 12v battery

kwong7
Posts: 16
Joined: Tue Nov 29, 2016 1:19 pm
Delivery Date: 29 Nov 2016

Re: Used Leaf Future Depreciation

Wed Feb 01, 2017 10:37 pm

VitaminJ wrote:I thought about buying a FIAT for about....ooohhh....5 seconds! Lol! Just kidding, I'm sure it's a great car. Lighter than the Leaf with same hp and battery, should be good to go. I should test drive one.

My Leaf should pay for itself within 2-3 years depending on what gas does. I spend almost $3000 just on gas alone last year and gas has been it's cheapest since the 90s. Then oil changes, spark plugs, clutch, gaskets, etc. I can only really see gas prices going one way, up. Add Trump to that mix and maybe I will pay off my Leaf sooner than that. After that time it's basically a free car that will cost less to drive than to insure. If gas goes up this year I think Leafs are probably close to the bottom of their depreciation, at least 12/12 bar Leafs, even more so if the EV tax credit goes away and lessees and new-car buyers start looking at used instead.


Having had the Fiat for about 3 weeks, it's definitely not for everyone; it's practically a 2-seater with limited headroom. It sounds like your driving pattern is very similar to my wife; she's driving about 45 miles to work and does a lot of local errands around our home. She'd spend close to $3K a year on fuel and about $360 in tolls (which are now free with a BEV or 3 carpooling occupants).

My only concern with the Fiat is that it seems like FCA isn't invested in the technology nor support for longterm 500e users. It's a compliance car and the CEO has suggested for people to not buy or lease them because they are losing $14K per unit. Other people suggest FCA only made them so they can sell more Hellcats, trucks, and Maseratis. For as much as Leaf owners complain about the 2G modem going offline, at least Nissan has a 3G replacement. FCA only allows modem usage for 36 months at which point the service is ended and cannot be renewed…it's written in their terms and conditions.

Nagorak
Posts: 60
Joined: Fri Jan 06, 2017 9:12 pm
Delivery Date: 03 Jan 2017
Leaf Number: 417128

Re: Used Leaf Future Depreciation

Fri Feb 03, 2017 12:45 am

Reddy wrote:Meanwhile, back in reality land people are actually purchasing new Leafs for way below MSRP. When you can buy new at this price, why bother with used, unless the price is below $8000?


Well, I guess because you CAN buy for less than $8,000? Yes $13,500 for a new looks good, but it doesn't exist in isolation. A lot of competition is coming to the EV world this year with the Chevy Bolt and Hyundai Ioniq. The Leaf is a good deal all around whether used or new, but I don't think it's enough for me to get a second Leaf.

Nagorak
Posts: 60
Joined: Fri Jan 06, 2017 9:12 pm
Delivery Date: 03 Jan 2017
Leaf Number: 417128

Re: Used Leaf Future Depreciation

Fri Feb 03, 2017 12:51 am

Bob wrote:4) The Leaf has many aluminum body panels, so may not rust out as fast as a steel car.


I know this was posted a while ago, but I just wanted to note that rust is pretty much a nonissue in Southern California. I've never seen a car out here with rust problems. Maybe it's more of an issue for people who live right next to the ocean, but even then I don't think it's a big problem. A few miles inland it pretty much doesn't happen at all.

tattoogunman
Posts: 98
Joined: Tue Jun 07, 2016 6:17 pm
Delivery Date: 08 Jun 2016
Location: Plano, Texas

Re: Used Leaf Future Depreciation

Tue May 09, 2017 4:54 pm

Reddy wrote:
tattoogunman wrote:
LeftieBiker wrote:I don't think a $6500 Leaf would depreciate to less than $4k in 2 years unless the range fell to under 30 miles.


Why not? I'm already seeing one year old 2015's for sale for $10K or less and that means they have lost over $20K in a year. I would say based off of the prices I have seen, it is very likely a $6500 Leaf could be worth half that in the next two years. Unless gas prices go back up to near $5/gallon, I think these EV cars are going to continue to suffer from this.
Meanwhile, back in reality land people are actually purchasing new Leafs for way below MSRP. When you can buy new at this price, why bother with used, unless the price is below $8000?
North Carolinian residents can get $10K cash on the hood from Nissan, at least through 31 March. When you count the $7500 tax credit, a friend just bought a brand new 30 kWh Leaf for $13,500, total (including tax, tags, etc.). Ironically, he used the NC rebate at a South Carolina dealership.

http://www.pluginnc.com/resource/nissan ... residents/


I know this is late - haven't been on in a while. The used ones in my area are generally selling for below $10K and that is late model low mileage ones with remaining factory warranty. Now if I could get a new one for $13K, I'd opt for new. However, Texas isn't doing those kinds of rebates or anything.

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