TreeStar wrote:I've been researching the 2017 versions of these cars quite a bit lately. The Leaf has absolutely amazing rebates right now. To the tune of $15,000+. Anyone know why that is? My Toyota guy says it's because they can't sell them, but I don't think that's the case.
Current inventory and impending release of the 2018 refresh? Apparently Nissan was going to release a 2016/2017 with 40kWh battery but in light of the Bolt, Tesla 3 and what not, they decided to release a 60kWh for a 200-240 mile range. This delayed their refresh and possibly we have excess inventory of 2016-2017 LEAFs.
I drive an average of 800 miles a month (based on the last 17 months). Based on that with an assumed fuel price of $2.65 /gallon I pay $88/ month for fuel.
We pay 5.9 cents per kWh here (which I think is on the lower side due to source). Is there a way to calculate what I would pay for electricity based on 800 miles /month? Also worth noting is the free public charging for 2 years (1 hour per day).
My Toyota guy is obviously wanting me to go that route and brings up range and vehicle size. A Prius is a nice sized car, but the fuel economy would be around double what I currently get. That would mean around $44 /month in fuel. The payments on that would be $143 /month (but that was calculated with $5,000 down).
With a hybrid, your options open up considerably. There's also the Bolt. It drives better, has better range and despite a very cheap interior, is the better electric car at the moment.
I own my current car which is worth about $5,000. I'm hung up on the point that if I do a $6,000 down payment (trade and cash) and lease a car for 3 years my payments would be $151.05 /month. In reality they would be $317.71 due to the down payment. A 24 month loan makes my payments $104.27 /month. The residual value on the car after 36 months is $8,713 and $11,395 with 24 month. I could obviously finance that if I choose or turn the car in for something else.
I subscribe to the 0 down lease for if a car should get written off from irreparable damage, I'm not out of $. However, there's also the "keep the monthly payment down in case of lease extension" school of thought. With the 2018 Leaf scheduled to be released soon, I'd look at a two year lease if I were you.
My goal is to have low monthly expenses. The environmental impact part of it is also something I obviously take into account. I do like the "novelty" of having a full EV especially considering I have a degree in renewable energy. What have you guys experienced? I've been told most people lease these cars.
My preference would be to lease these cars new or buy used for cheap. I don't see them as cars as much as they are technology on wheels. I've leased my current Leaf and will be curious what'll happen two years from now. We'll definitely have more options.