<<shrug>>
I don't mean that Nissan is applying for the CA credit and keeping it; I mean that Nissan increased the price because the credit is available to the person taking that lease.
<<shrug>>
Got it.
For the OP, I arrived at the above numbers via:(Not including disposition fee) The 36 month lease ends up being about $321.67/month, assuming you subtract out the $2K CVRP. The 24 month lease ends up being about $336.54/mo.
What I mean is that NMAC has fixed the residuals - no more astronomical residuals with low payments - so the residual for a given car is more like a fixed cost than a variable. TCOL is, as you noted, what matters, unless they want to buy the car. The way the residuals work now, though, they tend to fix the cost of buying the car after lease at high retail. With a car like mine (or rather like mine before it got hit) that means you can buy a great car at a premium price. Others won't want to pay a premium for a car they are getting bored with and may have abused a bit.cwerdna wrote: ↑Wed Aug 12, 2020 3:24 pmEven if you don't plan to purchase, residual matters. The cost of the lease is basically purchase price minus residual but with the addition of fees, taxes and interest (since you're actually getting a loan).LeftieBiker wrote: ↑Wed Aug 12, 2020 3:09 pmGood point about the residual, although if they don't plan to buy the car the residual is effectively meaningless. If they do want at least the option to buy, then the residual matters a lot. IIRC, though, NMAC fixed residuals at 33% of MSRP a few years ago, and that hasn't changed.
If you had a hypothetical car where the price was $30K and the residual was $20K vs. a $30K car and residual is $10K, the latter would have a total cost of lease over 2x that of first one.