drmanny3
Posts: 79
Joined: Mon May 30, 2011 6:08 am
Delivery Date: 28 May 2011
Leaf Number: 3297
Contact: Website

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Wed Aug 10, 2011 7:46 am

I am semi retired and already have two cars. A 2006 Prius, and a 2001 NSX-T Supercharged. So for me to buy another car was a push. It was not necessary. I was also concerned about the Federal Rebate. Back when I purchased the Prius I was not able to take advantage of the entire Federal rebate. So going into this purchase/lease decision I was concerned. When I found that Nissan would credit me the entire Federal Rebate without my having to do anything I thought this is great. In addition my concern was the technological changes underfoot. Way back when we first purchased the Prius, I knew then that battery technology was the problem. There was little money in going into hybrids for the existing manufacturers. This was one of Toyota's biggest concerns. Now of course years later things are changing and they are changing rapidly. As a Chemist I understand that some of the limitations. However as they say necessity is the mother of invention. I expect that we will see significant changes in the next two to three years, especially if electric vehicles and infrastructure take off. So I paid a premium of about $3500 over purchasing but feel it is worth it for me at this time. If Nissan is smart they will start talking about offering upgrades to existing owners (specifically the 6.6 kwh charger) as I see that as a game changer.

tidalsearch
Posts: 9
Joined: Tue Aug 02, 2011 10:19 am
Delivery Date: 15 Nov 2011
Leaf Number: 15296
Location: Raleigh, NC

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Tue Nov 15, 2011 7:29 pm

LEAFfan wrote: I also LOVE the lower payments. I have a 36mos./15K miles under $400/mo. including taxes.



How much did you have to put down at signing?

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evnow
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Posts: 11450
Joined: Thu Apr 22, 2010 11:41 am
Delivery Date: 25 Feb 2011
Leaf Number: 303
Location: Seattle, WA

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Tue Nov 15, 2011 7:31 pm

Ready2plugin wrote:I've had my car for exactly 7 months, and I would be bumming to think about handing my car back in only 29 more and starting over.....glad I bought.

I'm almost ready for a new car ;-)

Unfortunately have to wait another 28 months - for i3 or Infinity EV to come out :lol:
1st Leaf : 2/28/2011 to 5/6/2013
2nd Leaf : 5/4/2013 to 3/21/2017
Volt : 3/25/2017 to 5/25/2018
Model 3 : 5/10/2018 to ?

mksE55
Posts: 176
Joined: Fri Oct 21, 2011 8:10 pm
Delivery Date: 22 Oct 2011
Leaf Number: 5086
Location: Tyler TX

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Tue Nov 15, 2011 8:29 pm

As other mention with this new technology 3 years may be a giant leap and then you can hand the leaf back or sell it outright. your guaranteed the 7500.00 rebate no forms no guess work. lower payment means money in your pocket for what you need now. for me the cost was only $1500.00 difference from buying it out right so that a small price over 3 years for some security of its resale is worth this.. if it goes down more than the 55% they guess I make money. if it better then I will keep the car and sell it out right or trad. WIn/Win. The interest rate is 4.8 while not great , still not bad. and that covers 15,000miles/yr more than most leases . I put down like 4000.00, payments run $290/mnth, 36month plan that covers TTL and first month lease. the lease is fixed from Nissan and not bad over all. the car is an unknown so why take a big risk with Nissan I am hopeful that I will keep the car for more like 5-7 years and hand it down to kids . Right now I am saving over 300.00 month in gas or more. so I look at it as a free car for 36 months. either way if you can handle the range limits its a great little car for running around town in.
Bye Bye Exxon , Shell, Mobil
* 2011 SL
3 bar loss 23,000 mi
in less than 2 yrs
4/14 now 4 bar loss 32,000 just over 2 years

Desertstraw
Posts: 250
Joined: Sat Jul 31, 2010 5:23 am

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Wed Nov 16, 2011 5:46 am

planet4ever wrote:I expect that EVs will have made giant strides in the next three years. That might (or might not) depress the resale value of a LEAF purchased now. Because I leased I can wait three years to see what happens to technology and price, and not risk being penalized if I want to jump to something different. Of course I am paying an "insurance" premium for avoiding that risk.

Ray

I have used the same reasoning. The Blink man told me that Nissan is working on better replacement batteries but BYD already has them and apparently is going to start selling its e6 (yes we heard it before but I believe).

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evnow
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Joined: Thu Apr 22, 2010 11:41 am
Delivery Date: 25 Feb 2011
Leaf Number: 303
Location: Seattle, WA

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Wed Nov 16, 2011 10:23 am

Desertstraw wrote:I have used the same reasoning. The Blink man told me that Nissan is working on better replacement batteries but BYD already has them and apparently is going to start selling its e6 (yes we heard it before but I believe).

BYD's LiFePO batteries are less energy dense than Nissan's. Next gen Nissan's NMC batteries will be 75 to 100% higher in energy density.

My guess is when Infinity EV comes out in 2013/14, it will have the next gen battery. The leaked detailes from the Infi EV focus group is that they are targeting 130 miles of range @ $47K.
1st Leaf : 2/28/2011 to 5/6/2013
2nd Leaf : 5/4/2013 to 3/21/2017
Volt : 3/25/2017 to 5/25/2018
Model 3 : 5/10/2018 to ?

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TRONZ
Posts: 2240
Joined: Tue Sep 21, 2010 11:01 pm
Delivery Date: 31 Jan 2011
Leaf Number: 202
Location: Denver, CO

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Wed Nov 16, 2011 10:33 am

We leased and still plan to buy-out the car in the end (if no major battery issues). With two kids growing fast, we need to start collecting "hand me down" cars. I was a little surprised to see a brand new black LEAF parked in the student lot at the local High School. Then we thought how much sense it makes for a young person... and their parents.
Every start, is as good as any start can ever be. - Douglas Darden

Stats;
2011 LEAF SL VIN#202, Delivered 01.30.11. Now, by far, the oldest LEAF in Colorado.

GaslessInSeattle
Posts: 1566
Joined: Fri May 06, 2011 2:15 pm
Delivery Date: 29 Apr 2011
Leaf Number: 850

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Wed Nov 16, 2011 11:12 am

Ask me in 2013 when we see if we can sell before the 3 year leases run out and "upgrade" without taking much of a bath. We love the current Leaf but that's not to say that if some cool new features come out that we won't step up. We bought, no regrets, particularly every time we put a little scratch or nick in the paint or rims... you can get screwed on a lease for that. In a few more months we'll be getting our rebate, kind of a forced savings account.

there are some unusual aspects to Leasing a Leaf over a usual Leaf, which have been talked about numerously. Good rates, instant rebate, potential for faster than usual depreciation curve do to advances in technology, to name a few, certainly makes it more of a toss up. If I had to lease, it doesn't seem like you are getting as hosed as usual.
Gasless: Silver 2012 SL, traded in for Lease on 1/13
Tesla S P85, Gray, pano, carbon fiber, took delivery: 2-9-13... LOVE this car!
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redLEAF
Posts: 1703
Joined: Mon Apr 26, 2010 12:38 pm
Delivery Date: 23 Dec 2011
Location: Chicago, IL

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Wed Nov 16, 2011 11:20 am

jopeters wrote:What is everyone thoughts on Leasing a 2012 Nissan LEAF™ SL trim for 3 years, instead of buying ? I am going with 15,000 miles per year. Does gap insurance come with the lease or is it extra?


Could not tell from your profile where you're from but one last thing (sorry, perhaps beating a dead horse but could be costly if ignored) -- does your state offer additional incentives? if so, is it available for leased EV's? Here in IL it is NOT and an extra $3,750 (it's up to $4,000; 10% of MSRP) from the IL EPA is hard to pass up so I'm buying versus leasing. The IL incentive is also in the form of a check rebate, not tax incentive (arrives within 90 days) so it's money back in the bank --
2018 smart ED Brabus (leased)
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2012 Nissan LEAF SL (traded-in at 5 yrs; 46K miles)
EVSE: 10/07/11 Schneider EVlink

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dgpcolorado
Posts: 3068
Joined: Sat Aug 20, 2011 1:56 pm
Delivery Date: 15 Dec 2011
Location: The Western Slope, Colorado

Re: What is everyone thoughts on Leasing a Leaf for 3 years

Wed Nov 16, 2011 1:12 pm

redLEAF wrote:
jopeters wrote:What is everyone thoughts on Leasing a 2012 Nissan LEAF™ SL trim for 3 years, instead of buying ? I am going with 15,000 miles per year. Does gap insurance come with the lease or is it extra?

Could not tell from your profile where you're from but one last thing (sorry, perhaps beating a dead horse but could be costly if ignored) -- does your state offer additional incentives? if so, is it available for leased EV's? Here in IL it is NOT and an extra $3,750 (it's up to $4,000; 10% of MSRP) from the IL EPA is hard to pass up so I'm buying versus leasing. The IL incentive is also in the form of a check rebate, not tax incentive (arrives within 90 days) so it's money back in the bank --
This is similar to Colorado: with leased cars the tax credit is based on the capitalized cost and can be reduced by half or more. Since the credit may be in the $4000-$6000 range (it's complicated) that difference is significant. Makes the cost of leasing potentially quite a lot higher than buying.

Nevertheless, I have no idea what the resale value of a LEAF will be when the hordes of leased cars are dumped on the market and new EVs with better range and features are available. If it is too low I will just keep the car and not upgrade. Here, there just isn't a "right" answer. Better to just wait a few years and see how things shake out...
Blue 2012 SV Dec 2011 to Feb 2016
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