Triggerhappy007
Posts: 51
Joined: Tue Jan 01, 2019 8:08 pm
Delivery Date: 01 Jan 2019

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 7:27 am

"$5300 driveoff and $139+tax per month"

I see a lot of people putting a lot of money down on a lease. Isn't that a bad idea? What if it gets totalled or stolen? Wouldn't it be better to spread the down payment over the whole term of the lease?
2019 Leaf SL ProPilot
2018 Pacifica Hybrid

iPlug
Posts: 425
Joined: Thu Apr 28, 2016 6:47 pm
Delivery Date: 25 Apr 2016
Location: Rocklin, CA

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 7:59 am

rocketfast wrote:Leased a leaf today in bay area, ca. Needed one for hov lane commute in a month.

Leaf S with QC. No weather package.

$10550 all in for 36 months and 10000 miles/year. Could have bargained lower, but just last week, I was struggling at $12k, so the sudden drop in prices this week surprised me.

Vpp and loyalty. $5300 driveoff and $139+tax per month.
Very nice. If you get the $2.5k CA rebate and $800 PG&E utility rebate, that's only $7,250 for the lease.

Bay Area climate should be kinder to battery than most places in CA.
Triggerhappy007 wrote:"$5300 driveoff and $139+tax per month"

I see a lot of people putting a lot of money down on a lease. Isn't that a bad idea? What if it gets totalled or stolen? Wouldn't it be better to spread the down payment over the whole term of the lease?
I think you still have to pay the lease balance to get out of contract if the car is totaled and not reparable. AFAIK, the auto insurance company pays the cash value of a totaled car to the lease finance company.


A large down payment may come down to mostly a cost opportunity issue. Certainly Nissan would reduce the total lease cost to the consumer for a larger down payment, but a lower down payment may provide a greater cost opportunity for the consumer. YMMV.
'19 Model 3 SR+ (own), '19 Leaf SV (leased), '12 Plug-in Prius (sold 3/19), '16 Leaf SV (prior lease), 11.43kW Solar PV (16MWh/yr real production), 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater, Induction Cooktop

ljwobker
Posts: 65
Joined: Sun Sep 16, 2012 12:28 pm
Delivery Date: 10 Aug 2012
Leaf Number: 025408
Location: Raleigh, NC

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 3:23 pm

I was under the impression that if someone totaled a leased vehicle, assuming it's normally insured, you were basically out the car and the remainder of the lease was either forgiven or paid off by the insurance company or something along those lines. But regardless of how you got there, if you've only had the car for (as an example) 12 months, you are out the down payment and all the monthly payments made to that point... so if you have a very large up-front, your effective cost per month to drive the car is a LOT higher than if you have a smaller/zero down payment. But I'm not authoritative on that ;)

LeftieBiker
Moderator
Posts: 13434
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 4:04 pm

ljwobker wrote:I was under the impression that if someone totaled a leased vehicle, assuming it's normally insured, you were basically out the car and the remainder of the lease was either forgiven or paid off by the insurance company or something along those lines. But regardless of how you got there, if you've only had the car for (as an example) 12 months, you are out the down payment and all the monthly payments made to that point... so if you have a very large up-front, your effective cost per month to drive the car is a LOT higher than if you have a smaller/zero down payment. But I'm not authoritative on that ;)
You have it right.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

rocketfast
Posts: 6
Joined: Sun Sep 10, 2017 3:32 pm
Delivery Date: 10 Sep 2017

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 4:45 pm

ljwobker wrote:I was under the impression that if someone totaled a leased vehicle, assuming it's normally insured, you were basically out the car and the remainder of the lease was either forgiven or paid off by the insurance company or something along those lines. But regardless of how you got there, if you've only had the car for (as an example) 12 months, you are out the down payment and all the monthly payments made to that point... so if you have a very large up-front, your effective cost per month to drive the car is a LOT higher than if you have a smaller/zero down payment. But I'm not authoritative on that ;)
I simply did not know this (and this is my 3rd Nissan leaf lease!). I will be more careful on my 4th lease.

rocketfast
Posts: 6
Joined: Sun Sep 10, 2017 3:32 pm
Delivery Date: 10 Sep 2017

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 4:50 pm

LeftieBiker wrote:Good deal - as long as it isn't cold where you live.
Yeah. I thought about it. My commute is 40 miles a day with free charging at work. I thought, I will just crank up the heater when it is cold (we don't go below 32f here).

iPlug
Posts: 425
Joined: Thu Apr 28, 2016 6:47 pm
Delivery Date: 25 Apr 2016
Location: Rocklin, CA

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 8:20 pm

ljwobker wrote:I was under the impression that if someone totaled a leased vehicle, assuming it's normally insured, you were basically out the car and the remainder of the lease was either forgiven or paid off by the insurance company or something along those lines. But regardless of how you got there, if you've only had the car for (as an example) 12 months, you are out the down payment and all the monthly payments made to that point... so if you have a very large up-front, your effective cost per month to drive the car is a LOT higher than if you have a smaller/zero down payment. But I'm not authoritative on that ;)
I'm no expert here either, but got the information from reading about leases online.

I mentioned "I think you still have to pay the lease balance to get out of contract if the car is totaled and not reparable." What you mention is not necessarily mutually exclusive. Gap insurance written into lease insurance might be how the insurance company is able to "forgive" (pay-off) the rest. If that is the case, one would expect lease insurance to be higher on a vehicle with a lower down payment.

Someone with more expertise with leases may be able to clarify here as I may just be muddying the waters.
'19 Model 3 SR+ (own), '19 Leaf SV (leased), '12 Plug-in Prius (sold 3/19), '16 Leaf SV (prior lease), 11.43kW Solar PV (16MWh/yr real production), 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater, Induction Cooktop

LeftieBiker
Moderator
Posts: 13434
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Leaf Price / Discount discussion thread

Thu Feb 28, 2019 8:31 pm

Nissan/NMAC self-insures for GAP coverage. If your leased Nissan is totaled, you walk away with nothing, owing nothing. That's why large down payments are more risky then small ones, or none: you lose little or nothing in the latter cases. I always tell people: If you want to get a better deal (most dealerships like to see some cash upfront) then put as much down as you are willing to lose - no more.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

GlennD
Forum Supporter
Posts: 1493
Joined: Sun Dec 18, 2011 7:14 pm
Delivery Date: 20 May 2013
Leaf Number: 410357
Location: Anaheim

Re: Leaf Price / Discount discussion thread

Wed Mar 06, 2019 11:35 am

My 2014 B was totaled. The gap insurance paid off the car. Mercedes always has a large residual to lower the payments. The gap covered all of that.
:
2013 Pearl White SL Premium
Traded for a Cirrus White 2014 Mercedes B (totaled)
2016 Urano Gray eGolf SEL w/ drive assist
Loved the VW but it sat too low for my old body
Back to a Cirrus White 2017 B250e
White Ioniq limited.It sits just fine

golfcart
Posts: 446
Joined: Mon Jan 04, 2016 6:08 am
Delivery Date: 21 Nov 2015
Location: Virginia Beach, VA

Re: Leaf Price / Discount discussion thread

Wed Mar 13, 2019 9:05 am

There are some great deals to lease right now, I'm pretty close to pulling the trigger on a 2018 SV with All Weather and Tech Packages. Roughly $11k net for 36 months (including taxes and fees) and then a $13.4k residual if I want to buy it or I'll have the option to walk away clean.
2018 SV

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