coupedncal
Posts: 25
Joined: Mon Nov 13, 2017 11:11 pm
Delivery Date: 06 Aug 2017
Leaf Number: 309668

Re: End of Lease Strategies?

Tue Mar 26, 2019 9:59 pm

This deal mentioned above comes to $400 a month for a 150 mile EV. That sounds really high but I have obviously not looked at the market in quite some time. Wouldn't one be better off buying a Tesla Model 3 standard range at slightly more (in the range of $500 per month) and that would be a purchase and not a lease?
'17 30kWh Leaf

LeftieBiker
Moderator
Posts: 13430
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Tue Mar 26, 2019 10:14 pm

coupedncal wrote:This deal mentioned above comes to $400 a month for a 150 mile EV. That sounds really high but I have obviously not looked at the market in quite some time. Wouldn't one be better off buying a Tesla Model 3 standard range at slightly more (in the range of $500 per month) and that would be a purchase and not a lease?
The Tesla would be a better investment...unless it turns out to be Buggy, in which case you are stuck with it, or with taking a bath on selling it. Leases usually cost more, but are safer. So decide what your highest priority is: financial safety or price.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

SageBrush
Posts: 4907
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: End of Lease Strategies?

Wed Mar 27, 2019 12:18 am

coupedncal wrote:This deal mentioned above comes to $400 a month for a 150 mile EV. That sounds really high but I have obviously not looked at the market in quite some time. Wouldn't one be better off buying a Tesla Model 3 standard range at slightly more (in the range of $500 per month) and that would be a purchase and not a lease?
Definitely.
And you get a vastly better charging network.

LEAF is penny wise and pound foolish
2013 LEAF 'S' Model with QC & rear-view camera
Bought off-lease Jan 2017 from N. California
Two years in Colorado, now in NM
03/2018: 58 Ahr, 28k miles
11/2018: 56.16 Ahr, 30k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

LeftieBiker
Moderator
Posts: 13430
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Wed Mar 27, 2019 3:22 am

I'm not sure that buying 2/3 the car for 2/3 the price is such a poor decision. Buying a Model 3 for local driving and a short commute would be both penny and pound foolish.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

iPlug
Posts: 425
Joined: Thu Apr 28, 2016 6:47 pm
Delivery Date: 25 Apr 2016
Location: Rocklin, CA

Re: End of Lease Strategies?

Wed Mar 27, 2019 10:50 am

Depending on ones driving needs a 0.75-1.0 vehicle + a 0.25-0.75 vehicle = 2.0 vehicles...sum is often greater than its parts. Find the combo that gets the best value for one’s needs. One size does not fit all. YMMV...
'19 Model 3 SR+ (own), '19 Leaf SV (leased), '12 Plug-in Prius (sold 3/19), '16 Leaf SV (prior lease), 11.43kW Solar PV (16MWh/yr real production), 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater, Induction Cooktop

DaveinOlyWA
Posts: 14207
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Thu Mar 28, 2019 6:44 am

LeftieBiker wrote:I'm not sure that buying 2/3 the car for 2/3 the price is such a poor decision. Buying a Model 3 for local driving and a short commute would be both penny and pound foolish.
Agreed. No matter what I say or how I say it, people won't agree due to their common or uncommon personal need. The desire for a 300 mile car will not satisfy any but a few. Several years ago, I voted for a 150 mile car and we got it. At the time, it was a split vote. Of the split, its my guess the that the people who wanted more would not be happy with 200 miles (their goal) or even 300 miles.

There is simply a need to replace the existing gasser option with a no compromise EV option. Same convenience, same price but with all the inherent advantages that EVs have. That is a pipe dream. Not in the technological challenge of attaining that dream; its the money it will cost to provide that dream.

TBT; My LEAF is more like a 80% car with a "highly" acceptable 15% option and that 15% option is public charging. I know there are a lot of you that simply don't have public charging or don't want to, or whatever other reason you can conjure but I find it not that unreasonable, getting more reliable and more convenient every day.

I think Nissan's choice of providing multiple battery options is the "only" way to do business. Adding custom charging options should be next. I should be able to program the SOC I want to wake up to the next day without the timer gymnastics I am going thru now.
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; 412 mi, 99.72% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

iPlug
Posts: 425
Joined: Thu Apr 28, 2016 6:47 pm
Delivery Date: 25 Apr 2016
Location: Rocklin, CA

Re: End of Lease Strategies?

Thu Mar 28, 2019 8:08 am

Hoping better lease options are available next month. As others have said, NMAC was getting hosed on prior leases and since capped the minimum residual.

Right now the best I can get the local Nissan dealer down to for a 2019 40kWh Leaf SV is $5k more for down payment + total lease payments compared to what it cost us for our soon to expire 3 year 30kWh 2016 Leaf SV lease.
'19 Model 3 SR+ (own), '19 Leaf SV (leased), '12 Plug-in Prius (sold 3/19), '16 Leaf SV (prior lease), 11.43kW Solar PV (16MWh/yr real production), 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater, Induction Cooktop

rogersleaf
Posts: 270
Joined: Sun May 18, 2014 7:50 pm
Delivery Date: 22 Mar 2019
Leaf Number: 307726
Location: Kent, Ohio

Re: End of Lease Strategies?

Thu Mar 28, 2019 8:33 am

I just went through the acquisition process and did not see any leasing deal that made any sense to me financially. So, just broke my own rule #1 for getting a Leaf... lease it, don’t buy it. Basically decided to take the roughly 1/3 off in incentives & tax credits combined, roll the sales tax basis from my trade-in, and finance the remainder with my local bank. Fortunately my trade was worth a little more than the Federal tax credit so will eventually net out OK after filling next January and likely not too up-side-down in the loan.

As for hedging battery degradation, likely still have a usable car for my needs even if I loose 1/3 capacity. Likely blow though the 100k mile warranty in 5-6 years. If it gets that bad, safe to assume I’m already having ugly discussions with Nissan.

Just add that the Leaf specialist at the dealership has his own lease on a 30KWh Leaf expiring soon. He leaning toward buying his off rather than getting a new lease because the lease deals are not very good.
2014 SV - Brilliant Silver - returned 1/2017 at end of lease.
2019 SL - White - w/Tech Package

DaveinOlyWA
Posts: 14207
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Thu Mar 28, 2019 10:33 am

rogersleaf wrote:I just went through the acquisition process and did not see any leasing deal that made any sense to me financially. So, just broke my own rule #1 for getting a Leaf... lease it, don’t buy it. Basically decided to take the roughly 1/3 off in incentives & tax credits combined, roll the sales tax basis from my trade-in, and finance the remainder with my local bank. Fortunately my trade was worth a little more than the Federal tax credit so will eventually net out OK after filling next January and likely not too up-side-down in the loan.

As for hedging battery degradation, likely still have a usable car for my needs even if I loose 1/3 capacity. Likely blow though the 100k mile warranty in 5-6 years. If it gets that bad, safe to assume I’m already having ugly discussions with Nissan.

Just add that the Leaf specialist at the dealership has his own lease on a 30KWh Leaf expiring soon. He leaning toward buying his off rather than getting a new lease because the lease deals are not very good.
Its all about timing. Lease deals change monthly for a reason. My current one is definitely more expensive than my 30 kwh lease but then its a $9600 residual which isn't too bad. All in with taxes, etc. etc. etc. I can own it for under $23,000. I find it hard to throw stones at that.
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; 412 mi, 99.72% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

rogersleaf
Posts: 270
Joined: Sun May 18, 2014 7:50 pm
Delivery Date: 22 Mar 2019
Leaf Number: 307726
Location: Kent, Ohio

Re: End of Lease Strategies?

Thu Mar 28, 2019 12:08 pm

DaveinOlyWA wrote:
rogersleaf wrote:I just went through the acquisition process and did not see any leasing deal that made any sense to me financially. So, just broke my own rule #1 for getting a Leaf... lease it, don’t buy it. Basically decided to take the roughly 1/3 off in incentives & tax credits combined, roll the sales tax basis from my trade-in, and finance the remainder with my local bank. Fortunately my trade was worth a little more than the Federal tax credit so will eventually net out OK after filling next January and likely not too up-side-down in the loan.

As for hedging battery degradation, likely still have a usable car for my needs even if I loose 1/3 capacity. Likely blow though the 100k mile warranty in 5-6 years. If it gets that bad, safe to assume I’m already having ugly discussions with Nissan.

Just add that the Leaf specialist at the dealership has his own lease on a 30KWh Leaf expiring soon. He leaning toward buying his off rather than getting a new lease because the lease deals are not very good.
Its all about timing. Lease deals change monthly for a reason. My current one is definitely more expensive than my 30 kwh lease but then its a $9600 residual which isn't too bad. All in with taxes, etc. etc. etc. I can own it for under $23,000. I find it hard to throw stones at that.
That’s about where I wanted to see on a lease. Mine netted out to @ $25,000 before sales tax. That is an SL with tech pkg. and premium paint with a few small add ons. The key factor in Ohio is that must purchase to get the utility company rebate (currently $3500) and another ~$3000 discount from a fleet pricing that is tied to the utility rebate program. Figured this is likely my last chance to take advantage of the $7500 Federal tax credit so why not...
2014 SV - Brilliant Silver - returned 1/2017 at end of lease.
2019 SL - White - w/Tech Package

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