2013/2014 Nissan Leaf Lease Information

DougWantsALeaf said:

2 year leases are often less as your down payment is spread across fewer monthly payments.

Click to expand...

that and higher residual

Something just doesn't look right on the Monthly lease payments for a 2013 Leaf SL ($477.39)

The monthly looks way high with the $7500 credit and Costco auto sales ($359 over invoice) so the dealer said. Can someone look over the info below and let me know if i was taken?

Market Value: 38,020+ Fees is what they wrote on the worksheet but the sticker shows $36,910. :?

Sticker: $36,910
* $34,840 SL
* $170.00 Floor Mats & Cargo Area Mat
* $1,050.00 Premium Package
* $850 Destination charge

State Tax (4.172%)
Fed Rebate ($7,500)

So, this is how they broke it down on the work sheet.

$35,164 + Fees
- 7,500 Rebates
$27,644

Monthly with 0 Down & 36 months
$477.39/month x 35 months
$15,502.20 Residual (0.42)

I found the following for Dealer Invoice Price:
SL: $32,635.00
Prem: $911
Floor Mats: $132
Dest: $850
Totals: $34,528


Lease Docs shows the following:
Title Fees: $309.70
Disposition Fee: $395
Acquistion Fee: $595
Doc/Dlr Hdg.Fin: $245
Tax on Cap Cost Reduction: $302.08

Gross Cap Cost (Taxes, fees, etc): $36004.00 (Agreed upon value $35,164)
Cap Cost Reduction: -$6410.83
Adjust Cap Cost: $29,593.17
Residual: $15,502.20
Dep and amoritized amounts: $14,090.97
Rent Charge: $2321.79
Total Base Monthly Payments: $16,412.76
Number Payments: 35
Base Monthly: $455.91
Monthly Tax: $21.48
Total Monthly Payment: $477.39

What is the Money factor? It seems like they are charging me a ridiculously high amount for the MF (Interest Rate). Let me know. I'd like to use this experience to better my neg skills. Thanks!

DoH said:

Something just doesn't look right on the Monthly lease payments for a 2013 Leaf SL ($477.39)

The monthly looks way high with the $7500 credit and Costco auto sales ($359 over invoice) so the dealer said. Can someone look over the info below and let me know if i was taken?

Market Value: 38,020+ Fees is what they wrote on the worksheet but the sticker shows $36,910. :?

Sticker: $36,910
* $34,840 SL
* $170.00 Floor Mats & Cargo Area Mat
* $1,050.00 Premium Package
* $850 Destination charge

State Tax (4.172%)
Fed Rebate ($7,500)

So, this is how they broke it down on the work sheet.

$35,164 + Fees
- 7,000 Rebates
$27,644

Monthly with 0 Down & 35 months
$477.39/month x 35 months
$15,502.20 Residual (0.42)

I found the following for Dealer Invoice Price:
SL: $32,635.00
Prem: $911
Floor Mats: $132
Dest: $850
Totals: $34,528

What is the Money factor? It seems like they are charging me a ridiculously high amount for the MF (Interest Rate). Let me know. I'd like to use this experience to better my neg skills. Thanks!

Click to expand...

what is the
"minus $7000" rebates? should that not be at least $7500? either way,

if your final price is $27,644 and your residual would be 42% of the regular price then residual value would be $15,502 so take that off your final cost and you have the "principal" on the loan so rent charge is about... (off the top of my head) $4000

so ya, you have just over $12k difference and u are paying 16.5kish...

BUT


it seems we are missing part of the picture here

I need some help. I'm in the Boulder/Denver Colorado area looking for a good 24 or 36 month lease deal on a 2013 S model.
The cars seem to be on dealers lots, but the lease deals don't seem that good.

Here is what I have found so far:

2013 S model with Quick Charge
$1800 down + 1st payment of 194 (both numbers don't include tax) = $1994.00

23 payments of $194.00

Total with out taxes = 1800.00 + 24x194.00 = $6456.00

Per month cost (before taxes) = 6456.00 / 24 = $269.00

I have seen others on here (especially CA folks) get the monthly cost before tax down near $226 to $242.


Here are the exact numbers from the lease quote sheet:

MSRP: 31,120.00
Savings: 2,743.00
Rebate: 8,150.00
Cap Cost: 28,377.00
Sales Tax: 1,213.45
Dealer/State Fees: 556.95
Total Price: 30,147.40
Customer Cash: 1,800.00
Net Residual: 15,871.20
Drive Off: 10,993.79

Lease Drive Off = $10,993.79 - $8,150 + 1st months payment:

$1,800 Down + 1st payment + Tax = $1800 + $210.74 + $825.85 = $2843.79

So after taxes this looks like: 2843.79 + 23*210.00 = $7673.79

Can anyone comment on this? It just seems high to me. I have been patiently looking at Leaf's since last August.

David

DJev said:

I need some help. I'm in the Boulder/Denver Colorado area looking for a good 24 or 36 month lease deal on a 2013 S model.
The cars seem to be on dealers lots, but the lease deals don't seem that good.

Here is what I have found so far:

2013 S model with Quick Charge
$1800 down + 1st payment of 194 (both numbers don't include tax) = $1994.00

23 payments of $194.00

Total with out taxes = 1800.00 + 24x194.00 = $6456.00

Per month cost (before taxes) = 6456.00 / 24 = $269.00

I have seen others on here (especially CA folks) get the monthly cost before tax down near $226 to $242.


Here are the exact numbers from the lease quote sheet:

MSRP: 31,120.00
Savings: 2,743.00
Rebate: 8,150.00
Cap Cost: 28,377.00
Sales Tax: 1,213.45
Dealer/State Fees: 556.95
Total Price: 30,147.40
Customer Cash: 1,800.00
Net Residual: 15,871.20
Drive Off: 10,993.79

Lease Drive Off = $10,993.79 - $8,150 + 1st months payment:

$1,800 Down + 1st payment + Tax = $1800 + $210.74 + $825.85 = $2843.79

So after taxes this looks like: 2843.79 + 23*210.00 = $7673.79

Can anyone comment on this? It just seems high to me. I have been patiently looking at Leaf's since last August.

David

Click to expand...

not that bad a deal i think. my monthly was 245 and i also had epp and no taxes

oh just noticed yours is 2 year. ya, price will be higher

DaveinOlyWA said:

DoH said:

Something just doesn't look right on the Monthly lease payments for a 2013 Leaf SL ($477.39)

The monthly looks way high with the $7500 credit and Costco auto sales ($359 over invoice) so the dealer said. Can someone look over the info below and let me know if i was taken?

Market Value: 38,020+ Fees is what they wrote on the worksheet but the sticker shows $36,910. :?

Sticker: $36,910
* $34,840 SL
* $170.00 Floor Mats & Cargo Area Mat
* $1,050.00 Premium Package
* $850 Destination charge

State Tax (4.172%)
Fed Rebate ($7,500)

So, this is how they broke it down on the work sheet.

$35,164 + Fees
- 7,000 Rebates
$27,644

Monthly with 0 Down & 35 months
$477.39/month x 35 months
$15,502.20 Residual (0.42)

I found the following for Dealer Invoice Price:
SL: $32,635.00
Prem: $911
Floor Mats: $132
Dest: $850
Totals: $34,528

What is the Money factor? It seems like they are charging me a ridiculously high amount for the MF (Interest Rate). Let me know. I'd like to use this experience to better my neg skills. Thanks!

Click to expand...

what is the
"minus $7000" rebates? should that not be at least $7500? either way,

if your final price is $27,644 and your residual would be 42% of the regular price then residual value would be $15,502 so take that off your final cost and you have the "principal" on the loan so rent charge is about... (off the top of my head) $4000

so ya, you have just over $12k difference and u are paying 16.5kish...

BUT


it seems we are missing part of the picture here

Click to expand...

Typo on the $7000. It was $7500 federal rebate. $27,644 was the final price. How did they come out with the $477.39 monthly lease (35 months)? I updated the original post with the values from the lease agreement. :?

DoH said:

DaveinOlyWA said:

DoH said:

Something just doesn't look right on the Monthly lease payments for a 2013 Leaf SL ($477.39)

The monthly looks way high with the $7500 credit and Costco auto sales ($359 over invoice) so the dealer said. Can someone look over the info below and let me know if i was taken?

Market Value: 38,020+ Fees is what they wrote on the worksheet but the sticker shows $36,910. :?

Sticker: $36,910
* $34,840 SL
* $170.00 Floor Mats & Cargo Area Mat
* $1,050.00 Premium Package
* $850 Destination charge

State Tax (4.172%)
Fed Rebate ($7,500)

So, this is how they broke it down on the work sheet.

$35,164 + Fees
- 7,000 Rebates
$27,644

Monthly with 0 Down & 35 months
$477.39/month x 35 months
$15,502.20 Residual (0.42)

I found the following for Dealer Invoice Price:
SL: $32,635.00
Prem: $911
Floor Mats: $132
Dest: $850
Totals: $34,528

What is the Money factor? It seems like they are charging me a ridiculously high amount for the MF (Interest Rate). Let me know. I'd like to use this experience to better my neg skills. Thanks!

Click to expand...

what is the
"minus $7000" rebates? should that not be at least $7500? either way,

if your final price is $27,644 and your residual would be 42% of the regular price then residual value would be $15,502 so take that off your final cost and you have the "principal" on the loan so rent charge is about... (off the top of my head) $4000

so ya, you have just over $12k difference and u are paying 16.5kish...

BUT


it seems we are missing part of the picture here

Click to expand...

Typo on the $7000. It was $7500 federal rebate. $27,644 was the final price. How did they come out with the $477.39 monthly lease (35 months)? I updated the original post with the values from the lease agreement. :?

Click to expand...

what we are missing is your rent charge. it tells you the exact amount you pay for the term of the loan. its on the lease (the MF is not) but if you want to do it the hard way.

well its going to be final price minus residual (27664-15502) 12162 is the principle you would pay. the rest is rent fee (interest basically) licensing, taxes etc

on an SL premium with no down I say it sounds like your rent fee is a bit higher than a few I have seen here but not excessively so. to be honest with ya; cant say I know anyone who has gone whole hog on a lease. closest I can think of is one who had SV loaded and his payments were like $350 or so with $1000 down or in that neighborhood.

what we really need is copy of your lease posted here.

take me for example. my final price was 29k even. my residual was lower % but only 12179.70 due to lower cost so I am at the difference which is 16820 minus my down payment of $7500 tax credit, $1000 loyalty cash and $650 promo leaves me financing 7670. my payments are 245

so me 245 a month on 7670, you 477 on 12162 take off your 4.5% tax and its 'about' 455

so if looking at the percentage of monthly verses total loan mine is 3.19% (245/7670) and yours is 3.74 % (455/12162)

so not so much difference and that difference could be much smaller but without full info, hard to say.

FYI; my loan was for all intensive purposes, interest free. my TOTAL rent charge for the 3 year lease is $35.95

DaveinOlyWA said:

DoH said:

DaveinOlyWA said:

what is the
"minus $7000" rebates? should that not be at least $7500? either way,

if your final price is $27,644 and your residual would be 42% of the regular price then residual value would be $15,502 so take that off your final cost and you have the "principal" on the loan so rent charge is about... (off the top of my head) $4000

so ya, you have just over $12k difference and u are paying 16.5kish...

BUT


it seems we are missing part of the picture here

Click to expand...

Typo on the $7000. It was $7500 federal rebate. $27,644 was the final price. How did they come out with the $477.39 monthly lease (35 months)? I updated the original post with the values from the lease agreement. :?

Click to expand...

what we are missing is your rent charge. it tells you the exact amount you pay for the term of the loan. its on the lease (the MF is not) but if you want to do it the hard way.

well its going to be final price minus residual (27664-15502) 12162 is the principle you would pay. the rest is rent fee (interest basically) licensing, taxes etc

on an SL premium with no down I say it sounds like your rent fee is a bit higher than a few I have seen here but not excessively so. to be honest with ya; cant say I know anyone who has gone whole hog on a lease. closest I can think of is one who had SV loaded and his payments were like $350 or so with $1000 down or in that neighborhood.

what we really need is copy of your lease posted here.

take me for example. my final price was 29k even. my residual was lower % but only 12179.70 due to lower cost so I am at the difference which is 16820 minus my down payment of $7500 tax credit, $1000 loyalty cash and $650 promo leaves me financing 7670. my payments are 245

so me 245 a month on 7670, you 477 on 12162 take off your 4.5% tax and its 'about' 455

so if looking at the percentage of monthly verses total loan mine is 3.19% (245/7670) and yours is 3.74 % (455/12162)

so not so much difference and that difference could be much smaller but without full info, hard to say.

FYI; my loan was for all intensive purposes, interest free. my TOTAL rent charge for the 3 year lease is $35.95

Click to expand...

The rent charge on the lease agreement is $2321.79.
Is that expensive and why my Monthly is higher then most? The reason I went Zero down was the sales guy said it made no difference if I did Zero or $2k down. It came out the same. My thinking was its better to do Zero down in case something bad happened and the car was totaled.

Lease Docs shows the following:
Title Fees: $309.70
Disposition Fee: $395
Acquistion Fee: $595
Doc/Dlr Hdg.Fin: $245
Tax on Cap Cost Reduction: $302.08

Gross Cap Cost (Taxes, fees, etc): $36004.00 (Agreed upon value $35,164)
Cap Cost Reduction: -$6410.83
Adjust Cap Cost: $29,593.17
Residual: $15,502.20
Dep and amoritized amounts: $14,090.97
Rent Charge: $2321.79
Total Base Monthly Payments: $16,412.76
Number Payments: 35
Base Monthly: $455.91
Monthly Tax: $21.48
Total Monthly Payment: $477.39

oh ya!! that is way high. I wouldnt take anything over $500 your mf has to be sky high. i thought that the trim would play a part in the terms but that is way too high

DaveinOlyWA said:

oh ya!! that is way high. I wouldnt take anything over $500 your mf has to be sky high. i thought that the trim would play a part in the terms but that is way too high

Click to expand...

So the crooks took me for the Costco no haggle $300 over invoice and slaughter me via the Rent Charge! Argggh. So, anything closer to $500 would be more acceptable? How do I figure out the Money Factor (MF) that I got taken for?

If its a done deal you do not want others deals. Just like when I was in basic training the lottery came out. You can not change what is so spare me the details.

One thing about forums, you could have the best deal ever but rest assured someone will pop up with a claimed better deal.

DoH said:

DaveinOlyWA said:

oh ya!! that is way high. I wouldnt take anything over $500 your mf has to be sky high. i thought that the trim would play a part in the terms but that is way too high

Click to expand...

So the crooks took me for the Costco no haggle $300 over invoice and slaughter me via the Rent Charge! Argggh. So, anything closer to $500 would be more acceptable? How do I figure out the Money Factor (MF) that I got taken for?

Click to expand...

Did the math to figure out the Money Factor (MF) from Rent Charge/Rent Lease.
Hopefully, this will help others. I guess I need to work my my MF negitionation skills. Because 3.43% seems awfully high since most are getting closer to 1%. Btw- trying to use this as a learning experience for future purchases. Let me know what you think about the 3.43% / MF: 0.00143. Thanks!

==Zero Down with Excellent Credit==
MF: 0.00143
Interest Rate: 3.43%

Hi all, i just received this lease quote and would really appreciate it if folks can give some me some feedback on it.

Total Lease Charge 2999 + 158.80 * 23 = 6651.4 <= Quoted from MF 0.00084, the dealer said Nissan doesn't offer tier 0 pricing, could this be true?
Lease term: 24months w/ 15k per year
State : OR
Sales tax % :0
Leaf Trim, options : 13 S, QC, Splash guard, Floor mat
MSRP : 31,230
Initial Cap Cost: 28,756
Lease end value: 15,615
Acquisition: 595
Taxes, Title, Registration : 0 Taxes, 273 title
Any other fees (doc, administrative, marketing etc) : 75 doc fee
Money Factor : 0.00084
Rebate: 8150
Total Cap Reduction: 10617.2
Adjusted Cap Cost: 18733.8
Downpayment : 2999 incl 1st month payment
Monthly payment : 158.8 x 23months

x00n said:

Hi all, i just received this lease quote and would really appreciate it if folks can give some me some feedback on it.

Total Lease Charge 2999 + 158.80 * 23 = 6651.4 <= Quoted from MF 0.00084, the dealer said Nissan doesn't offer tier 0 pricing, could this be true?
Lease term: 24months w/ 15k per year
State : OR
Sales tax % :0
Leaf Trim, options : 13 S, QC, Splash guard, Floor mat
MSRP : 31,230
Initial Cap Cost: 28,756
Lease end value: 15,615
Acquisition: 595
Taxes, Title, Registration : 0 Taxes, 273 title
Any other fees (doc, administrative, marketing etc) : 75 doc fee
Money Factor : 0.00084
Rebate: 8150
Total Cap Reduction: 10617.2
Adjusted Cap Cost: 18733.8
Downpayment : 2999 incl 1st month payment
Monthly payment : 158.8 x 23months

Click to expand...

what is your rent charge?

Hey all,

Just completed my lease for a 2013 Nissan Leaf SV with LED/QC and Premium packages. I've posted my lease details here:

https://docs.google.com/spreadsheet/ccc?key=0As1XaJl0N97xdF9BajFrOWRjSy1Td2RycXBoa0hOekE#gid=0" onclick="window.open(this.href);return false;

But the key numbers were:

Price: $32,717
Money Factor: 0.00024
Residual: 52%
Lease Term: 24/12k
Monthly Payment: $313.40

I live in the Seattle-area and purchased the car at Younker Nissan. They were awesome. Definitely ask for Dennis.

--Carter

DaveinOlyWA said:

x00n said:

Hi all, i just received this lease quote and would really appreciate it if folks can give some me some feedback on it.

Total Lease Charge 2999 + 158.80 * 23 = 6651.4 <= Quoted from MF 0.00084, the dealer said Nissan doesn't offer tier 0 pricing, could this be true?
Lease term: 24months w/ 15k per year
State : OR
Sales tax % :0
Leaf Trim, options : 13 S, QC, Splash guard, Floor mat
MSRP : 31,230
Initial Cap Cost: 28,756
Lease end value: 15,615
Acquisition: 595
Taxes, Title, Registration : 0 Taxes, 273 title
Any other fees (doc, administrative, marketing etc) : 75 doc fee
Money Factor : 0.00084
Rebate: 8150
Total Cap Reduction: 10617.2
Adjusted Cap Cost: 18733.8
Downpayment : 2999 incl 1st month payment
Monthly payment : 158.8 x 23months

Click to expand...

what is your rent charge?

Click to expand...

Monthly Rent charge: $28.85 (Net CAP + Residual) * Money Factor

Is that still a good deal? My other dealers also given me for 24 months of 0.00084 money factor, how are folks here getting the supper low 0.00003 rate?

x00n said:

DaveinOlyWA said:

x00n said:

Hi all, i just received this lease quote and would really appreciate it if folks can give some me some feedback on it.

Total Lease Charge 2999 + 158.80 * 23 = 6651.4 <= Quoted from MF 0.00084, the dealer said Nissan doesn't offer tier 0 pricing, could this be true?
Lease term: 24months w/ 15k per year
State : OR
Sales tax % :0
Leaf Trim, options : 13 S, QC, Splash guard, Floor mat
MSRP : 31,230
Initial Cap Cost: 28,756
Lease end value: 15,615
Acquisition: 595
Taxes, Title, Registration : 0 Taxes, 273 title
Any other fees (doc, administrative, marketing etc) : 75 doc fee
Money Factor : 0.00084
Rebate: 8150
Total Cap Reduction: 10617.2
Adjusted Cap Cost: 18733.8
Downpayment : 2999 incl 1st month payment
Monthly payment : 158.8 x 23months

Click to expand...

what is your rent charge?

Click to expand...

Monthly Rent charge: $28.85 (Net CAP + Residual) * Money Factor

Is that still a good deal? My other dealers also given me for 24 months of 0.00084 money factor, how are folks here getting the supper low 0.00003 rate?

Click to expand...

sounds like a great deal. the other MF might give you a rent charge of what?? $12-13? so not enough to lose sleep over I think

only real comment is your down payment. rather pay a bit more per month with less down but still pretty good deal

Is it time to start a new thread for the 2014 ?

If any of you have money factor & residual information on the 14s, send me a message.

Initially I was going to buy my 2011 SL at the end of lease. Recently, I got an end of lease offer from NMAC waiving the last 3 months of payment ($1200), disposition fee and zero drive off. A loaded '13 SL (leather, premium package) is quoted at base payment of $393/mo. for 36 mo. Plus I'll get the $2500 CARB rebate. I think I'll bite.

I just picked up a LEAF S few days ago in Austin, TX

Model - S (base model with just mats added)
MSRP - $29830
Down payment / drive off - $225 (first month payment)
Term - 2 years
Monthly - $225 for the rest of 23 months
Disposition - $395