'2012, 2013 Nissan Leaf Electric Cars Get $5,000 Lease Buyout Credit'
http://www.torquenews.com/1/month-month-leasing-nissan-leaf-good-alternative-buying-used-one Month to Month Leasing of Nissan LEAF a Good Alternative to Buying a Used One By Armen Hareyan 2015-05-14 [image http://www.torquenews.com/sites/default/files/image-%5Buid%5D/%5Btitle-raw%5D/2013_nissan_leaf.jpg (white Leaf EV) ] When your 2-year lease on the 2013 Nissan LEAF is about to expire should you pay to keep the car for a third year? How much should you pay and what are your options? Yesterday I asked about the residual value of a used Nissan LEAF. Obviously several factors, like market conditions and battery technology, determine it. While the prices of used LEAFs are falling, some LEAF owners suggest a month to month leasing as a viable option instead of buying a used one. Here are few responses from current Nissan LEAF owners from my question in the SF Bay Area Nissan LEAF Owners Facebook group. And this is my original article discussing what determines the residual value of Nissan LEAF. Month-to-Month lease "Check with Nissan Financial," replies LEAF owner Brian Henderson. "The rumor is they allow month-2-month extension at same lease payment amount. If you commit to 12 months (different offer), they'll give you 2 free months. Same annual mileage, and the residual will be adjusted based on extended term you choose." "Yes, that's what they offered me," replied Kenneth A. Ribet, who had asked suggested that the residual value of the 2013 Nissan LEAF is the difference between the car's current value and the estimated value of the car one year from now. "But it seems like my current lease payment is based on the completely arbitrary choice of how much I put down two years ago. If I had put down $1000 more in 2013, my monthly payment would be $42 less than it is now, and Nissan would be charging me $420 less for the third year. That makes no sense to me," Ribet writes. It's based on the original contract amounts including the residual vehicle value at that time, replies back Brian Henderson. He also added that the current residual values are lower and likely to remain so for the next year, or two (while new EV incentives remain). He also suggested several factors for consideration. For example; Are you planing to purchase post lease (take gamble the Nissan may be offering a residual adjustment)? How your current payment compares to a new lease with a much lower (current) residual value? "Remember both you an NMAC are hedging future (commodities) bets on your used LEAF's residual value. The alternative option is leasing month-to-month and finding a similar, or better condition used LEAF (with market valued residual) to purchase," Henderson explains. Since the conversation was in the San Franciso area Nissan LEAF Owners' group, he also wanted to note that Electric Cars purchased or leased later this [© torquenews.com] http://www.greencarreports.com/news/1098384_2012-2013-nissan-leaf-electric-cars-get-5000-lease-buyout-credit 2012, 2013 Nissan Leaf Electric Cars Get $5,000 Lease Buyout Credit By Stephen Edelstein May 20, 2015 [images http://images.thecarconnection.com/med/2013-nissan-leaf_100414476_m.jpg 2013 Nissan Leaf http://images.thecarconnection.com/med/2013-nissan-leaf_100414476_m.jpg http://images.thecarconnection.com/med/2013-nissan-leaf_100414472_m.jpg ] Electric cars may be very different from their internal-combustion counterparts, but some aspects of the ownership experience are the same. Regardless of the powertrain, owners reaching the end of leases have to decide what to do. Does it make more sense to trade the car in for a new vehicle, or buy it out and keep going? When it comes to the Leaf electric car, Nissan is hoping drivers choose the second option. It's now offering large payout incentives on 2012 and 2013 models. The Leaf Gross Payoff discount is worth up to $5,000 on 2012 and 2013 models, while 2011 models get a smaller, $1,500 discount, according to CarsDirect. Dealers can also add their own discount of up to $1,500, although they may choose to keep this for themselves rather than pass it along to shoppers. Available incentives may also vary by region. The rates listed here are based on what's available to southern California residents. These incentives may reflect Nissan's adjustment of residual values calculated for the Leaf three years ago--when there was very little information on the viability of used electric cars. Leaf residual values fell by about 6 percent in May, and it's possible Nissan is looking to avoid a flood of lease returns from lessees who have lost confidence. And while many electric cars have racked up a significant amount of mileage over the past few years, consumers may still be generally concerned about battery degradation. Replacing a battery pack is an expensive proposition, so the point when a pack has lost too much energy storage capacity for continued automotive use could effectively end a car's service life. Current Leaf owners must also decide whether to continue driving their first-generation models long term, or wait until the second-generation Leaf arrives. The new Leaf is expected to arrive next year as a 2017 model and --among other things--is presumed to get a range boost. A higher-range battery pack could boost range from the current car's 84 miles to between 120 and 200 miles. A 200-mile range would allow the Leaf to compete with the smaller, 200-mile 2017 Chevrolet Bolt EV, which is expected around the same time. [© greencarreports.com] ... http://www.greencarreports.com/news/1097020_four-years-and-70000-miles-later-2011-nissan-leaf-going-strong Four Years And 70,000 Miles Later, 2011 Nissan Leaf Going Strong ... http://www.greencarreports.com/news/1098277_colorados-electric-car-credit-applies-to-used-cars-too Colorado's Electric-Car Credit: Applies To Used Cars Too ... http://www.greencarreports.com/news/1097235_2017-nissan-leaf-what-we-know-so-far-about-new-electric-car 2017 Nissan Leaf: What We Know So Far About New Electric Car For EVLN posts use: http://evdl.org/evln/ http://www.insidercarnews.com/chevy-spark-ev-sees-a-huge-uptick-in-sales/ Chevy Spark EV Sees a Huge Uptick in Sales ... http://www.seattletimes.com/business/spark-electric-cars-price-sparks-a-sales-run/ Spark electric car’s price sparks a sales run http://ecomento.com/2015/05/18/chevy-spark-ev-outsold-volt-in-april/ Chevy Spark EV outsold Volt pih in April 2015 http://blog.seattlepi.com/topdown/2015/05/04/2015-chevrolet-spark-ev-a-sparky-little-ride-for-the-electric-set/ 2015 Chevrolet Spark EV — a sparky little ride for the electric set http://www.theautochannel.com/news/2015/05/18/131681-chevy-spark-ev-motor-plant-fueled-by-green-clean-energy.html Spark EV Motor Plant Powered by Clean, Green PV Energy http://www.autosphere.ca/fleetdigest/2015/05/19/spark-ev-plant-leed-certification/ http://www.foundry-planet.com/equipment/detail-view/14676/?cHash=c3183bb15ff2a9c3a96c0332373a6473 Nissan.au Leaf EV component castings have a kangaroo mark http://www.foundry-planet.com/typo3temp/pics/30042015Daily07_8004959c1c.jpg http://philadelphia.cbslocal.com/2015/05/11/philadelphia-encouraging-homeowners-to-add-curbside-electric-car-chargers/ Philadelphia EV-owners can install in front of home EVSE + EVLN: She loved her Hertz.com rented EV so much she did not return it {brucedp.150m.com} -- View this message in context: http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-Month2Month-Leaf-Leasing-Good-Alternative-2Buying-a-Used-One-tp4675695.html Sent from the Electric Vehicle Discussion List mailing list archive at Nabble.com. _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org For EV drag racing discussion, please use NEDRA (http://groups.yahoo.com/group/NEDRA)
