queuetee
Posts: 15
Joined: Wed Aug 12, 2020 9:24 am
Delivery Date: 12 Nov 2020

2020 Leaf SL Plus is going for $33,357, should i?

Thu Oct 01, 2020 10:40 pm

NorCal dealer is going for 33,357: https://www.cargurus.com/Cars/inventory ... =265862011

I really want to pull the trigger, but worry it might drop more. Last month, I almost bought at 36K but decide to wait a little bit. Lucky me :)

DougWantsALeaf
Posts: 2075
Joined: Fri May 10, 2013 8:21 pm
Delivery Date: 18 May 2013
Leaf Number: 407811
Location: Chicago North Side

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 4:48 am

A new SL for 26k after fed rebate, pretty good!
2019 S Plus (98.06% SOH) & 2019 SV Plus (94.77% SOH) Both Silver
2013 Leaf SV sold 2019 with 11 bars
100 Mile Club Member (Number 87)
Max Miles on 13 Leaf: 120 miles
Max Miles on 19 SV+: 242 Highway miles @ 4.5 miles/kWh

SageBrush
Posts: 5261
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 5:58 am

DougWantsALeaf wrote:
Fri Oct 02, 2020 4:48 am
A new SL for 26k after fed rebate, pretty good!
Perhaps less if the CA state rebate is in play
2013 LEAF 'S' Model with QC & rear-view camera
Bought Jan 2017 from N. California
Two years in Colorado, now in NM
03/18: 58 Ahr, 28k miles
11/18: 56.16 Ahr, 30k miles
09/20: 54.3 Ahr; 38k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

DaveinOlyWA
Posts: 15046
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 9:08 am

Anything can happen... like missing out.
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; 13,705 mi, 93.41% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

queuetee
Posts: 15
Joined: Wed Aug 12, 2020 9:24 am
Delivery Date: 12 Nov 2020

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 9:52 am

DougWantsALeaf wrote:
Fri Oct 02, 2020 4:48 am
A new SL for 26k after fed rebate, pretty good!
This is not just SL, but SL Plus, 220 miles range. I live in California, so it will be around 23K even after $10,300 from Fed, CA and PGE. I can't believe it, 45K car we can get at 23K. It looks very cheap on paper, but actually, if you look at the depreciation of the Leaf, is not that good. I know if I buy the SL Plus, I will lose almost 70% of its value after 3 years. This is the thing that is holding me back to buy the car. Actually, every EV has this problem with depreciation except the mighty Tesla. I don't like Tesla since it's expensive and no more tax break, but I do think sometime you might come out ahead in term of financial since their cars hold values very well.
I know everyone here doesn't like to drive ICE, I don't either. But I just sold my 12 years old ICE car with 150K+ miles for $12K. I bought around $28K in 2008. Talking about holding its value :)

DaveinOlyWA
Posts: 15046
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 1:29 pm

queuetee wrote:
Fri Oct 02, 2020 9:52 am
DougWantsALeaf wrote:
Fri Oct 02, 2020 4:48 am
A new SL for 26k after fed rebate, pretty good!
This is not just SL, but SL Plus, 220 miles range. I live in California, so it will be around 23K even after $10,300 from Fed, CA and PGE. I can't believe it, 45K car we can get at 23K. It looks very cheap on paper, but actually, if you look at the depreciation of the Leaf, is not that good. I know if I buy the SL Plus, I will lose almost 70% of its value after 3 years. This is the thing that is holding me back to buy the car. Actually, every EV has this problem with depreciation except the mighty Tesla. I don't like Tesla since it's expensive and no more tax break, but I do think sometime you might come out ahead in term of financial since their cars hold values very well.
I know everyone here doesn't like to drive ICE, I don't either. But I just sold my 12 years old ICE car with 150K+ miles for $12K. I bought around $28K in 2008. Talking about holding its value :)
I am impressed you "know" this depreciation thing. Tell me; beyond that great resale value on that gasser, what was the difference in cost to run and maintain it over an EV?

I know this guy who sold a Mercedes for $20 K (was quite a while ago and that was HUGE money back then) bragging he only lost like $8,000 or something from what he paid for it. Problem was he didn't trust the local dealer for maintenance so went to German Cars Northwest. They always did a great job and their prices reflected it. He tried to blow off the costs as "just how cars are" but...

He had actually just sold the car less than a year after I had bought my 2004 Prius. After sales tax, etc. I paid $22K and change. Yeah, it was $19,999 base price with floor mats adding like $200 to it. (before you ask, no it wasn't Black) He thought that was hilarious. I averaged $100-$200 a year in maintenance during the time I had the car. He had no comment on 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; 13,705 mi, 93.41% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

queuetee
Posts: 15
Joined: Wed Aug 12, 2020 9:24 am
Delivery Date: 12 Nov 2020

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 2:57 pm

DaveinOlyWA wrote:
Fri Oct 02, 2020 1:29 pm
queuetee wrote:
Fri Oct 02, 2020 9:52 am
DougWantsALeaf wrote:
Fri Oct 02, 2020 4:48 am
A new SL for 26k after fed rebate, pretty good!
This is not just SL, but SL Plus, 220 miles range. I live in California, so it will be around 23K even after $10,300 from Fed, CA and PGE. I can't believe it, 45K car we can get at 23K. It looks very cheap on paper, but actually, if you look at the depreciation of the Leaf, is not that good. I know if I buy the SL Plus, I will lose almost 70% of its value after 3 years. This is the thing that is holding me back to buy the car. Actually, every EV has this problem with depreciation except the mighty Tesla. I don't like Tesla since it's expensive and no more tax break, but I do think sometime you might come out ahead in term of financial since their cars hold values very well.
I know everyone here doesn't like to drive ICE, I don't either. But I just sold my 12 years old ICE car with 150K+ miles for $12K. I bought around $28K in 2008. Talking about holding its value :)
I am impressed you "know" this depreciation thing. Tell me; beyond that great resale value on that gasser, what was the difference in cost to run and maintain it over an EV?

I know this guy who sold a Mercedes for $20 K (was quite a while ago and that was HUGE money back then) bragging he only lost like $8,000 or something from what he paid for it. Problem was he didn't trust the local dealer for maintenance so went to German Cars Northwest. They always did a great job and their prices reflected it. He tried to blow off the costs as "just how cars are" but...

He had actually just sold the car less than a year after I had bought my 2004 Prius. After sales tax, etc. I paid $22K and change. Yeah, it was $19,999 base price with floor mats adding like $200 to it. (before you ask, no it wasn't Black) He thought that was hilarious. I averaged $100-$200 a year in maintenance during the time I had the car. He had no comment on that.
I admit am new to the Leaf, just want to buy one. But my friend, his 3 years old 2017 Leaf with low milages, got a quote from Carvana for 7K, that's big depreciation to me. I was not talking about the lifetime cost of ownership, I was talking after 3 years. I would assume every new car, the first 3 years maintenance is not that much, no? Let say you buy and you change car after 3 years, what is the cost of ownership of Lexus 45K vs Leaf 45K. Off course, the Leaf has tax incentives, but that offset the "expensive of battery". Admit it, in term of Luxury, the Leaf at $45K is not a Luxury car, it's $45K because is EV, whereas any ICE car with $45K range is purely Luxury car.

estomax
Posts: 268
Joined: Fri Jan 20, 2017 9:23 pm
Delivery Date: 21 Jan 2017
Leaf Number: 424033
Location: Seattle

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 3:11 pm

the one thing your depreciation calc misses is the fact that the old Leafs are 'short range' EVs, the Plus is a medium-longish range EV, which means it will depreciate a lot slower (at least looking at teslas, but that is not a great comparison)

otherwise, that is a hell of a deal!
2013 Leaf SL Premium
27k, 93% SoH 2/17 32k, 96% SoH 6/17
46k, 94% SoH 2/18 52k, 88% SoH 6/18
62k, 87% SoH 2/19 68k, 84% SoH 6/19
75k, 83% SoH 2/20

mkwilkes
Forum Supporter
Posts: 32
Joined: Thu Sep 28, 2017 2:22 pm
Delivery Date: 19 Jun 2018
Leaf Number: 311155
Location: Salem, Oregon

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 3:26 pm

In In June of 2018, I bought a standard range Leaf S for $16,350, after all the discounts and tax credits. It's MSRP was $33,350. Two years later, in the middle of a pandemic, I sold it for $18,500. I paid $15 in maintenance during those two years to rotate the tires. The first rotation was free. In January of 2020, I bought a new 2019 SV Plus for a little over $22k after rebates, discounts, and tax credits.

You can't go wrong buying a 2020 Leaf Plus (any level) with the available $18 - $22k discounts. Go for it!
2019 LEAF SV Plus (Gun Metallic)
2018 LEAF S (Silver) Sold
2015 LEAF S (Red) Sold

queuetee
Posts: 15
Joined: Wed Aug 12, 2020 9:24 am
Delivery Date: 12 Nov 2020

Re: 2020 Leaf SL Plus is going for $33,357, should i?

Fri Oct 02, 2020 3:36 pm

mkwilkes wrote:
Fri Oct 02, 2020 3:26 pm
In In June of 2018, I bought a standard range Leaf S for $16,350, after all the discounts and tax credits. It's MSRP was $33,350. Two years later, in the middle of a pandemic, I sold it for $18,500. I paid $15 in maintenance during those two years to rotate the tires. The first rotation was free. In January of 2020, I bought a new 2019 SV Plus for a little over $22k after rebates, discounts, and tax credits.

You can't go wrong buying a 2020 Leaf Plus (any level) with the available $18 - $22k discounts. Go for it!
Very good point, thx so much mkwiles.

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