DougWantsALeaf wrote: ↑
Sun Nov 22, 2020 3:33 pm
Its was on the NissanUSA site for my zip code. $199/month and $199 down for the 40 Leaf. A 62 SL was $360 month and $360 down.
Confused, as earlier you said:
If you can get a new Leaf Lease for under $100 a month with almost nothing down, why bother with a used one?
Anyways, leasing a LEAF isn't the same as buying one...
A 5 year (60 month) car loan on a $15000 purchase, with $3000 down, would cost $216 per month (assuming 3% rate). At the end of that 5 years, the car would likely still be worth $10000. So, effectively you would be out of pocket about $6000 ($5000 depreciation + $1000 in loan interest on a 3% rate) as you still own the car and could sell it if you chose to. Also, once the payments are gone, your cost of ownership drops to almost nothing thereafter.
You quoted $199 monthly, on a 3 year lease for a 40 kWh new LEAF. Total payments are almost $7200 and you don't own the car - so no depreciation incurred, but no asset value either.
All fine if you can write off the lease payments as a business expense, but otherwise a lease makes no sense to me. A 2018 LEAF is almost identical to a new 2020 LEAF with a 40 kWh pack, so you end up paying a premium for a car that's no better.
Vancouver, CA owner of a 2013 Ocean Blue SV + QC, purchased 01/2017 in WA
Zencar 12/20/24/30A L1/L2 portable EVSE
1-1/4" Curt #11396 hitch
After market, DIY LED DRLs
LeafSpy Pro + Konnwei KW902 ELM327 BT OBDII dongle
Loving my first BEV