BrendanDolan
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Location: Redwood City, CA
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Re: Nissan Leaf Leasing Information

Tue Sep 07, 2010 5:20 pm

leaffan wrote:
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!
Yikes, I'm not in sales so I have no clue about the monthly, but I'll pass this along and see what the answer is. What I do know is that in Cali you pay sales tax on each payment based on what county tax rate exists at the address the car is registered to. I'd try here to see if the answer is there (I'm heading home, and I'll be out of town till Friday, so I probably won't get an answer for you till then) http://www.mynissanleaf.com/viewtopic.p ... idual+rate
Brendan Dolan
Community Director
Boardwalk Nissan - Redwood City, CA

xtremeflyer
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Location: Orange, CA

Re: Nissan Leaf Leasing Information

Wed Sep 29, 2010 1:43 pm

Does Nissan allow you to put down additional security deposits to lower the money factor? I know this is common with BMWs but I didn't know if it was common for other leases.

wwhitney
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 8:51 am

A few questions on the original post:
evnow wrote:SL :

MSRP - 33,720
Dest Charge - 820
Tax Rebate - 7,500
Net Capitalized Cost - 25,521
This doesn't add up, MSRP + Destination - Tax Rebate = $27,040. Is the difference, $1,519, attributable to the down payment?
evnow wrote: Down Payment - 1,999 (includes 1st month's lease payment)
Acquisition Cost - 595
What is the acquisition fee, when is it paid, and if it paid up front, is it included in the down payment?
evnow wrote: Disposition Fee - 395
Is this fee paid at lease end only if you return the car, not if you buy it at the residual?
evnow wrote: Mileage - 15,000 per year
Residue
49% (24 months)
44% (36 months)
43% (39 months)
39% (48 months)
What number are these percentages applied to? MSRP, or MSRP + destination, or Net Capitalized Cost?

Thanks,
Wayne

DaveinOlyWA
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 9:33 am

what is interest rates at the different credit tiers?
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 14,342.8 mi, 93.16% SOH
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wwhitney
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 10:35 am

DaveinOlyWA wrote:what is interest rates at the different credit tiers?
That is in the first post, just multiply the Money Factor by 24 (I think). Wayne

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evnow
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 10:46 am

wwhitney wrote:A few questions on the original post:

This doesn't add up, MSRP + Destination - Tax Rebate = $27,040. Is the difference, $1,519, attributable to the down payment?
Right.
What is the acquisition fee, when is it paid, and if it paid up front, is it included in the down payment?
Extra payment in the beginning.
Is this fee paid at lease end only if you return the car, not if you buy it at the residual?
Right.
What number are these percentages applied to? MSRP, or MSRP + destination, or Net Capitalized Cost?
MSRP.
1st Leaf : 2/28/2011 to 5/6/2013
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smkettner
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 11:04 am

xtremeflyer wrote:Does Nissan allow you to put down additional security deposits to lower the money factor? I know this is common with BMWs but I didn't know if it was common for other leases.
I thought the point of leasing was to tie up the least amount of money possible.
(along with capping the depreciation risk on short term ownership)

I would keep the money invested or in the bank.
1 bar lost at 21,451 miles, 16 months.
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DaveinOlyWA
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 11:06 am

wwhitney wrote:
DaveinOlyWA wrote:what is interest rates at the different credit tiers?
That is in the first post, just multiply the Money Factor by 24 (I think). Wayne

ok...so no explanation as to how the "24" came about and why cant we just not post the the actual percentages instead?

strange. i applied for a cap one auto finance loan online and received email stating i was approved. that came just before my Disney trip. so let it go. i called this morning and automated system told me i had 45 days to complete process (which i wont make) and that my loan application was declined based on a further review. so i am back to square one.

if i cannot get a decent interest rate, i may look at the lease option and maybe do a pay off in a year or so
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 14,342.8 mi, 93.16% SOH
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Boomer23
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 11:09 am

smkettner wrote:
xtremeflyer wrote:Does Nissan allow you to put down additional security deposits to lower the money factor? I know this is common with BMWs but I didn't know if it was common for other leases.
I thought the point of leasing was to tie up the least amount of money possible.
(along with capping the depreciation risk on short term ownership)

I would keep the money invested or in the bank.
Having leased a BMW and read far too much about it, the strategy is this: If you simply pay a larger down payment on a lease and then the car is totaled, you've lost that money. If you pay additional security deposit dollars, that reduces the money factor (interest rate), so your monthly payment is lower, but if the car is totaled, you get the security deposit back.
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xtremeflyer
Posts: 313
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Re: Nissan Leaf Leasing Information

Tue Oct 05, 2010 11:28 am

Boomer23 wrote:
Having leased a BMW and read far too much about it, the strategy is this: If you simply pay a larger down payment on a lease and then the car is totaled, you've lost that money. If you pay additional security deposit dollars, that reduces the money factor (interest rate), so your monthly payment is lower, but if the car is totaled, you get the security deposit back.
Exactly and I did the math in another thread, but if you put $4000 down to save .0007 money factor, you'd save $1080 over the life of a 3 year lease, but if you put that $4000 into a 3-yr CD, you'd only make $250 and have to pay income taxes on it. So it's almost a 25% return on your money.
Last edited by xtremeflyer on Tue Oct 05, 2010 1:11 pm, edited 1 time in total.

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