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Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 2:32 pm
by mitch672
Guipo wrote:So someone like me with 4 kids, and a ton of donations,and a mortgage, who dosent basically pay taxes has no incentives to buy a Leaf. That may kill it for me!

Guipo
If you don't have at least $7500 of federal tax liability, they figure you probably are not buying a Leaf anyway.

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 2:34 pm
by mwalsh
Guipo wrote:So someone like me with 4 kids...........has no incentives to buy a Leaf.
Think you need to wait for the minivan version. LOL!

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 2:44 pm
by Guipo
LOL! That would be great. I Plan on keeping our suburban for towing and kid hauling for a while. The leaf would be my commuter!

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 2:57 pm
by evnow
Guipo wrote:So someone like me with 4 kids, and a ton of donations,and a mortgage, who dosent basically pay taxes has no incentives to buy a Leaf. That may kill it for me!
Lease !

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 3:03 pm
by mwalsh
evnow wrote:Lease !
Oh, yeah...that's right. If you lease they roll the $7500 into the lease price!

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 3:06 pm
by Guipo
I've always thought leases' would be bad, but in this case, it may be the ticket! does anyone know if they do the same thing for the California tax incentive? That would make the care truly affordable.

Guipo

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 3:09 pm
by mwalsh
Guipo wrote:I've always thought leases' would be bad, but in this case, it may be the ticket! does anyone know if they do the same thing for the California tax incentive? That would make the care truly affordable.

No, you'd get the CA rebate as cash (well, check). Problem is, only the first 800 or so Leaf owners who apply for it will get this particular rebate.

From what I've heard, the residual is rumored to be fair as well, if you plan on keeping the car at the end of the lease - $16,000. It doesn't seem to be a bad lease offering, as they go.

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 3:12 pm
by Jimmydreams
mwalsh wrote:

No, you'd get the CA rebate as cash (well, check). Problem is, only the first 800 or so Leaf owners who apply for it will get this particular rebate.

From what I've heard, the residual is rumored to be fair as well, if you plan on keeping the car at the end of the lease - $16,000. It doesn't seem to be a bad lease offering, as they go.
So, after you pay your up front fees, then the montly lease payment of $370ish, aft 3 years, they'll sell you the car for another $16K. That's not too bad.

I need about 22-23K miles per year on the lease. Pre-buying that kind of mileage might get prohibitively expensive. But I'm leary of buying because of advancements that will be made in the 3 years I'd be leasing.

Does anyone have any idea what the annual mileage limitations are likely to be on the lease? :?:

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 3:20 pm
by evnow
Jimmydreams wrote:I need about 22-23K miles per year on the lease.
Wow - that is like 85 miles per day, every working day of the year ! What is your commute ... ?

Re: How Exactly Will The Tax Credit Work

Posted: Mon May 17, 2010 3:30 pm
by mwalsh
Man, that IS a lot of miles. I've noticed that mileage allowances for all cars on lease seem to have been getting lower in recent years. Used to be pretty much everyone was offering 15k, now the norm seems to be 12k. I have no idea what Nissan is thinking of for this car.

On the plus side....if you do end up keeping her, it doesn't really matter how many miles you put on her. If you don't, paying the excess mileage might be considered good insurance against obsolescence.

I used to do 18k/year. Then we went to a 9/80 schedule, which took me down to 15k/year. Currently we're furloughed to 8/72, which means just under 13k/year. However, I rather expect we'll go back to a normal schedule at some point.

I haven't decided what I'm going to do. It will depend on the warranty and any consideration early adopters may get when upgrades become available. But, typically, leasing is not something I would do.