State : Georgia
Metro area/city : Atlanta
Dealer: Cronic Nissan (Griffin, GA)
Leased 4/28/14, 24 months/24k miles (.10/mile over 24k miles)
Color/trim: Blue 2014 S
Options: Charge package
Accessories: Floor mats and cargo mat
Total MSRP+destination charge: $31,250
Agreed value: $28,208.48 (Not VPP)
Adding the $595 acquisition fee, the Gross Capitalized Cost was: 28803.48
(There's no sales tax in Georgia, on either the 'purchase price' or the lease payment, but there is a one-time title ad valorem tax which came to $1335.91 on my deal.)
Monthly lease payment: $268.55, but I had a $650 trade-in, so the 'real' monthly payment would have been $295.63.
Drive out = 1st month's payment of $268.55
Plans for home charging: Trickle charger
Here's how the math worked out for me:
$ 650.00 trade-in
$ 268.55 1st months payment
$ 6176.65 total of remaining 23 payments
$ 395.00 disposition fee at lease end (since I don't want to buy this car at the end of the lease)
$ 7490.20 Total of all payments over 2 years ($312.09/month)
Georgia has a state income tax credit of 20% UP TO $5000.00. I *think* this is based on the agreed on value of the car. I haven't been able to get this confirmed yet. I've had various people tell me it was based on MSRP (which seems possible) and on the adjusted capitalized cost (which seems unlikely).
If it is based on the adjusted cap cost, I'll only get a tax credit of $ 4395.68. I think I'll get the full $5k, but for now I'm assuming the lower value.
If so, that reduces my 'total' over 2 years to $ 3094.52, which would be $128.94 as a monthly cost.
Estimating my total miles over 2 years at 20,000...
and figuring in my additional costs for increased insurance (I traded in a 20 year old car with 270k miles, so it didn't cost much to insure...) and electricity (8 cents/kwh and figuring 4 miles added to range for each kwh of charging) I came up with $1396.00 in added costs.
Savings for Gas I WON'T need to purchase for my previous car (20.5 mpg at $3.59/gal for the same 20,000 miles) plus oil changes, plus emissions inspections, plus annual ad valorem tax, plus $800 in repairs that I expected to need... my reduced costs over the next two years come to $4470.44.
That puts my overall total at $ 20.08 to drive the car for two years... about 84 cents a month.
If I actually manage to replace a full 24000 miles of ICE driving at 20.5 mpg with Leaf miles, I get a net savings of over $600 over 2 years... ($25.88 a month).
I had so much fun making up a spreadsheet that I could plug all these numbers into... and I'm having even more fun driving my new Leaf.