IIKings920
Member
- Joined
- Sep 24, 2013
- Messages
- 9
I leased a Nissan leaf last night. I had no intention of buying a car but I am literally losing money not going for this deal.
What a fun and entertaining ride!
The national program is $1999 down and $199 a month for 36 months. Nissan will allow you to do the same money on a 24 month lease.
That is on a $29,900 car (mine included mats and splash guards) and the final lease terms include a Nissan rebate of $8100.
If you do the arithmetic $200 a month for 23 months (first month's payment included in the $1999) is $4600 which is added to your $2000 down payment for a total payout of $6600 over 2 years .
There is a federal tax credit (not a tax deduction % based on your income) of $7500 whether you purchase or lease that will come off your 2013 tax bill. IRS form 8936. Federal regulations specifically list "taxpayers who lease" are eligible.
If you owe nothing, you get a $7500 refund and pocket $900 profit on your lease ($7500-$6600).
In short, you drive a car for 2 years and 24,000 miles and pocket $900 in the process. What a country.
Taxes, doc fee, may be up to $1000 depending on where you live.
Considering taxes and documentation fees, title, license, right at a negotiated $1,000, I'm in the red for $100.
INCORRECT INFO IN RED
Additionally, fewer miles on other vehicles adds value to them at trade in.
Leaf got top ratings on all IIHS crash tests.
Regular charging is done on a standard 110/120v home outlet.
A Bosch 240v home charging station (that can charge any EV) can be bought for $450 and about $500 to install makes one eligible for an additional $1,000 tax credit.
What a country.
What a fun and entertaining ride!
The national program is $1999 down and $199 a month for 36 months. Nissan will allow you to do the same money on a 24 month lease.
That is on a $29,900 car (mine included mats and splash guards) and the final lease terms include a Nissan rebate of $8100.
If you do the arithmetic $200 a month for 23 months (first month's payment included in the $1999) is $4600 which is added to your $2000 down payment for a total payout of $6600 over 2 years .
There is a federal tax credit (not a tax deduction % based on your income) of $7500 whether you purchase or lease that will come off your 2013 tax bill. IRS form 8936. Federal regulations specifically list "taxpayers who lease" are eligible.
If you owe nothing, you get a $7500 refund and pocket $900 profit on your lease ($7500-$6600).
In short, you drive a car for 2 years and 24,000 miles and pocket $900 in the process. What a country.
Taxes, doc fee, may be up to $1000 depending on where you live.
Considering taxes and documentation fees, title, license, right at a negotiated $1,000, I'm in the red for $100.
INCORRECT INFO IN RED
Additionally, fewer miles on other vehicles adds value to them at trade in.
Leaf got top ratings on all IIHS crash tests.
Regular charging is done on a standard 110/120v home outlet.
A Bosch 240v home charging station (that can charge any EV) can be bought for $450 and about $500 to install makes one eligible for an additional $1,000 tax credit.
What a country.