Nissan drops Leaf lease rates to just $219 a month
Nissan, which at one time was charging customers $349 a month to lease the all-electric Leaf, has recently dropped that rate to as low as $219 a month, according to the AP. Customers can get that rate if they agree to a 32-month lease with $2,999 down. In June, Nissan dropped its monthly lease rate to $289 a month for a 39-month lease; it subsequently decreased the rate to $249 a month.
The latest price cut comes after slow demand for the first mass-produced EV sold in the U.S. 2012 Nissan Leaf sales in the U.S., through September, at 5,212 units, were down 28 percent from a year earlier, even though September's sales were the best in 12 months.
Nissan spokesman David Reuter told the AP that Leaf sales had been hampered by expanding distribution to all 50 states and away from areas like California, where the most Leafs are sold. Reuter also estimated that about 70 percent of Leafs are purchases outright, while 30 percent of the cars are leased. U.S. production is scheduled to start in Tennessee in December.
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