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Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 2:29 pm

Thanks for the clarification! Then leasing does seem like a good option - especially to have the peace of mind of being able to turn the keys over at the end of it as opposed to worrying about resale values (especially if battery tech improves significantly in the meantime).

Michael, don't forget that though you're paying only 2.9% vs 4.9 for the lease, the 2.9% is on the ENTIRE purchase cost, so you're paying extra interest over the lease - which is fine if the numbers work out in the end (total cost of ownership for the number of years you keep the car), but its cash out of pocket.

Amit
Cayenne Red Leaf - Schneider EVSE
Sacto area.

gudy
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Location: Mountain View, CA

Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 3:04 pm

JustinC wrote: 5. Owning a car means thinking about resale all the time. That means the kids, dogs, etc need to be careful with their ice cream, paws, etc, and I better not have an accident that damages the title.
You still need to worry about this on a lease. Anything above what nissan considers normal "wear and tear" will be charged to you when you return the car.
On my honda, paint scratches longer than 1 inch were not normal "wear and tear" (even if it's 1.1 inch long, with no dent, made by someone else in a parking lot), bumpers dent (even 1/8th of a inch big ... seriously must have been a gravel on the highway that did it), were not normal "wear and tear" )
You actually have to be MORE careful with a lease (if you plan to return it, which you should), than when you own.
In my case, Honda Finance had an "extra" allowance for something like up to $1000 above normal "wear and tear", so I didn't end up paying anything.
And you can't trade something for something else (as in if you drive half the miles you can, but have a dent, all they'll see is your dent, while your "real" market value could be exactly the same as a 2x milage, no dent model).
1st Leaf Order (order made and confirmed on 08/31 10:40am)
Delivered on December 11th 2010
15000 miles so far

cdub
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Location: La Crescenta, CA

Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 3:19 pm

Well if you're definitely planning on getting a new Leaf in 3-5 years for sure Lease it.

But if you're like me - I fully intend this to be the last car that I buy for a long time. (knock on wood)

With low maintenance costs all it'll need in 7-10 years is a new battery - which is a lot cheaper than a new car.
La Crescenta, CA
Nissan LEAF™ ETEC trim, Cayenne Red
Reserved: 4/20
Ordered: 10/16 (Sept. order)
Delivered: 6/2 (4-22er)

VIN: 2106

JustinC
Posts: 117
Joined: Mon Aug 30, 2010 2:18 pm
Delivery Date: 06 Sep 2011
Location: Lost Angeles

Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 5:30 pm

You still need to worry about this on a lease. Anything above what nissan considers normal "wear and tear" will be charged to you when you return the car.
On my honda, paint scratches longer than 1 inch were not normal "wear and tear" (even if it's 1.1 inch long, with no dent, made by someone else in a parking lot), bumpers dent (even 1/8th of a inch big ... seriously must have been a gravel on the highway that did it), were not normal "wear and tear" )
You actually have to be MORE careful with a lease (if you plan to return it, which you should), than when you own.
In my case, Honda Finance had an "extra" allowance for something like up to $1000 above normal "wear and tear", so I didn't end up paying anything.
And you can't trade something for something else (as in if you drive half the miles you can, but have a dent, all they'll see is your dent, while your "real" market value could be exactly the same as a 2x milage, no dent model).
Thanks for this input. I hadn't thought about it that way. I guess I will have to be just as careful or more careful with the lease. Oh well. That's one reason down. Even if I did have to pay something for wear and tear, it still would be much cheaper for 3 years of leasing than 3 years of ownership.

Anyone who thinks this is going to be their last car purchase for a long while should answer this question - if it wasn't an EV, would you be considering the first edition of a new model for a long term purchase? You don't have any Consumer Reports evaluations, magazine reviews, or real world driver experiences to base this purchase on. It's practically sight unseen until a year or so have passed with thousands of these on the road. I'm not saying you definitely should not buy, but I think there are too many questions left unanswered to be sure you will be happy with this vehicle for more than 3 years. We are all excited about EV driving, and I think that can cloud our judgement. In any case, you can always sell it to someone else who wants an EV.
2011 Black LEAF
Jan 1, 2013 Status = [15 months] [6K miles] [12 Bars]

cdub
Posts: 1073
Joined: Sun Aug 15, 2010 9:58 pm
Delivery Date: 26 Jun 2015
Location: La Crescenta, CA

Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 6:06 pm

Good points.... but also... part of me wants to always own the "first mass produced electric car". :) If I lease I get another.. .then it wouldn't be the first now would it? ;)

But you are right... it is something to think about.
La Crescenta, CA
Nissan LEAF™ ETEC trim, Cayenne Red
Reserved: 4/20
Ordered: 10/16 (Sept. order)
Delivered: 6/2 (4-22er)

VIN: 2106

LEAFguy
Posts: 548
Joined: Fri Jul 23, 2010 10:02 am
Delivery Date: 26 Jun 2015
Location: San Diego
Contact: Website

Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 6:08 pm

JustinC wrote:Anyone who thinks this is going to be their last car purchase for a long while should answer this question - if it wasn't an EV, would you be considering the first edition of a new model for a long term purchase?
I bought a 2004 Nissan Quest. This was a brand new model at the time, built in a brand new Nissan plant (Canton, Mississippi), and built by people that had never built cars before. It now has almost 90,000 miles on it, and I have made no out-of-pocket repairs (other than normal maintenance). I plan on using the Quest as our second vehicle and continue to drive it for several more years with the LEAF becoming our primary vehicle. So, to answer your question, yes I have no problem with Nissan's quality. It has proven itself to me in over 35 years of experience as a Datsun/Nissan owner having owned/driven six different Nissan products over that time. The Oppama plant has over 40 years of car building under its belt. I think that we'll be fine.

LEAFfan
Posts: 4828
Joined: Fri Apr 23, 2010 6:08 pm
Delivery Date: 08 Jun 2011
Leaf Number: 1855
Location: Phoenix Area

Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 7:57 pm

cdub wrote:Good points.... but also... part of me wants to always own the "first mass produced electric car". :) If I lease I get another.. .then it wouldn't be the first now would it? ;)

But you are right... it is something to think about.
Not necessarily...if you lease, you could STILL own the first mass produced BEV just by purchasing it at the end of the lease. :)
2013 LEAF SV Del. 2/28/13
2013 LEAF World Record for Most Miles Driven On One Charge-188 miles/8.8 m/kW h
4.8 kW DC PV ($ .91/W fully installed)/ Dec., 2010

smkettner
Posts: 7501
Joined: Mon Aug 09, 2010 10:13 pm
Delivery Date: 26 Feb 2014
Location: Orange County, CA

Re: Nissan Leaf Leasing Information

Mon Aug 30, 2010 10:26 pm

I read the Rav4 EV has held value quite well. (Not verified) And I think the LEAF with sell just fine in 10-12 years
Besides most cars are not worth much in 10+ years anyway.
I will be going "all in" with a purchase.
1 bar lost at 21,451 miles, 16 months.
2 bar lost at 35,339 miles, 25 months.
LEAF traded at 45,400 miles for a RAV4-EV
RAV4 traded in for I-Pace Dec 2018

BrendanDolan
Posts: 222
Joined: Fri May 21, 2010 5:12 pm
Delivery Date: 26 Jun 2015
Location: Redwood City, CA
Contact: Website

Re: Nissan Leaf Leasing Information

Tue Sep 07, 2010 3:59 pm

I'm going to lease mine for a few reasons. While I know it's smarter to buy something and own it till it's next to dead, I am going to lease because:
1. Don't have to worry about the tax credit. Nissan passes that right along.
2. First model year car jitters (not for the electric part, it's just that I've been around new cars for years, and first model year ones teethe sometimes)
3. What other EV will be out in 4 years that I can get? :mrgreen:
Brendan Dolan
Community Director
Boardwalk Nissan - Redwood City, CA

LEAFfan
Posts: 4828
Joined: Fri Apr 23, 2010 6:08 pm
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Leaf Number: 1855
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Re: Nissan Leaf Leasing Information

Tue Sep 07, 2010 4:53 pm

BrendanDolan wrote:I'm going to lease mine for a few reasons. While I know it's smarter to buy something and own it till it's next to dead, I am going to lease because:
1. Don't have to worry about the tax credit. Nissan passes that right along.
2. First model year car jitters (not for the electric part, it's just that I've been around new cars for years, and first model year ones teethe sometimes)
3. What other EV will be out in 4 years that I can get? :mrgreen:
Brendan, I was thinking about taking the fed credit this year for solar (plus what's left rolled over to next year, etc.), then leasing the LEAF in Jan. I was told the tax was in the lease payment, but I thought you had to pay it in the city where you live. On a lease, do you have to pay city and state taxes on each payment? If so that would be 9.3% and if not, 7.6%. I know about the $2000 down (first payment included) + $545 acquistition fee. So if the person had a base lease price of say $26,000 (minus the $7500), what would the approx. monthly payments be (tier 0) for a 36 and 48 mos. lease before taxes? Thanks!

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