2012 Nissan Leaf
  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
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  • 2012 Nissan Leaf
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  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
  • 2012 Nissan Leaf

  • 2012 Nissan Leaf
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  • 2012 Nissan Leaf
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  • 2012 Nissan Leaf
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  • 2012 Nissan Leaf
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  • 2012 Nissan Leaf
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Boardwalk Nissan in Redwood City, CA, about 30 miles south of San Francisco, is offering lease terms on a Nissan Leaf that are as cheap as we've ever seen: $139 a month. Or, as it's known in an era of $5 gas, what it costs to fill a 14-gallon tank twice.

The monthly cost is also about $80 a month less than what had been the lowest going rate, the 24-month lease is based on an MSRP of $38,270 and a downpayment of $2,995, leaving a purchase option for $21,813 at the end of the term. We recently saw monthly lease rates of $219 a month after Nissan initially charged $349 a month. The $219 a month lease is for a 32-month term with $2,999 down.

Dealers are looking to move a model whose sales have lagged in 2012 when compared to 2011. Through the first nine months of the year, Leaf sales fell 28 percent from a year earlier to 5,212 units, though September sales were down just 4.6 percent.


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    • 1 Second Ago
  • 61 Comments
      • 2 Years Ago
      Nissan of Oakland also has a good deal on SVs. $119 for 24m, $3995 down which includes TTL. Offer on their front page: http://www.nissanofoakland.com
        SVX pearlie
        • 2 Years Ago
        I wonder if Nissan can get someone to put $5k on the hood for an eye-poppingly low monthly payment.
      • 2 Years Ago
      Nissan of Oakland also has a good deal on SVs. $119 for 24m, $3995 down which includes TTL. Offer on their home page.
      • 2 Years Ago
      Saw this deal yesterday... driving a brand new Nissan Leaf SL this morning- So long gas!
        • 2 Years Ago
        how much does it come to after tax, and all the other fees? (I live In Canada, but have friends in California I'd like to contact to tell them about the deal, and I'd like to have as much information as possible before doing so.)
          • 2 Years Ago
          It's about another $1K for tax/title/registration... my monthly payment came to $165/mo after taxes. I was paying about $175-$200 a month on gas in the 17MPG 2005 Escape I traded in.
        Spec
        • 2 Years Ago
        Feel good to be free of gasoline, doesn't it?
          Spiffster
          • 2 Years Ago
          @Spec
          We should all be so lucky. Got my Volt... waiting on my Empulse. Next year is going to be almost entirely gas free for my wife and I.
        Doug
        • 2 Years Ago
        Congrats!
      Level4
      • 2 Years Ago
      Even at a cheap price people still dont want it...go figure...
      EZEE
      • 2 Years Ago
      $21k at the end of the lease? How's about no. Great during the lease though....wow!
      Vlad
      • 2 Years Ago
      It is an absolute no-brainer. You get a new car for the cost of filling up your old car. And you have no risk of getting stuck with a bad battery or anything like this. To me, it's "run, don't walk" type of deal.
        Actionable Mango
        • 2 Years Ago
        @Vlad
        "You get a new car for the cost of filling up your old car." Plus, tax, title, license, and the big down payment.
      HVH20
      • 2 Years Ago
      This smells like the 2013 leaf pricing/options are about to be released. $26K base (due to the new plant in TN), %15 range increase, battery heater for cold weather, and a 6kW charger upgrade. Still a deal and which it was local to me!
        Spec
        • 2 Years Ago
        @HVH20
        $26K base? I really don't think they can drop the price by $9K. I'd guess around $30K if we are lucky.
          lne937s
          • 2 Years Ago
          @Spec
          Realistically, they can reach below $30k due only to Yen inflation from when they announced the original price till now. However, the other ~$3-4k would take a little work.
        DaveMart
        • 2 Years Ago
        @HVH20
        With the battery only rated at 60,000 miles and five years down to 80% capacity even in much more moderate climates than Arizona, the ONLY way that the Nissan Leaf makes sense is as a lease car.
          paulwesterberg
          • 2 Years Ago
          @DaveMart
          Actually the mild temps in the bay area are probably just about perfect for battery life.
          DaveMart
          • 2 Years Ago
          @DaveMart
          Work out the economics, including how much a Leaf with a used battery is worth after 5 years since Nissan have confirmed that they have not even worked out whether they realistically can replace the battery, let alone how much it would cost. That is similar to incidents in the past when car companies have gone out of business, and so new engines, gearboxes etc could not be sourced. Those cars loose almost all their value. Sure, in some weird sense if you drive few enough miles a day, the Leaf can be said to 'work', providing you never want to sell it. In moderate climates then, at 80% capacity after 5 years you would get around 58 miles on the EPA. At the 70% specified for Nissan at around 8-10 years then you might get about 50 miles. None of this would help the non-existent trade in value of the car. If you want to buy instead of lease, you had better be prepared to get nothing for it on resale. Don't take my word for it though, go ahead, and let me know how it works out for you. Of course, alternatively you could lease, and not incur any of that risk, but perhaps that is too easy. BTW, at these lease rates, Nissan must be loosing a fortune on each car. They have also done untold damage to the reputation of the Leaf, by selling in Arizona a car clearly in no way suited to the climate. Some idea of what that will do for resale values, quite apart from Nissan's non-plans for replacement batteries, should give anyone with half a brain some idea of the wisdom of buying rather than leasing a Leaf. IMO massive damage is likely to have been done to the rest of the electric car industry, no matter how innocent the other companies.
          krona2k
          • 2 Years Ago
          @DaveMart
          That's simply not true if the reduced range is adequate. If you can get a LEAF for a similar price to a similar spec ICE and you only use the LEAF for commuting and other local trips as a second car it actually makes no sense to buy an ICE.
          krona2k
          • 2 Years Ago
          @DaveMart
          I'm prepared to get nothing on resale, my current 1999 Hyundai is virtually worthless. I don't see how an old LEAF is much different from most old cars.
      Rotation
      • 2 Years Ago
      That lease price is great. The purchase price is awful though, so probably turning it in is the only real option. Even though I am not a fan of the LEAF, it's hard to lose at this price.
        SVX pearlie
        • 2 Years Ago
        @Rotation
        The "lease" requires $3k down, so it's similar to paying $139+$3k/24 = $264/mos. It's actually worse, because you need to drop $3k upfront, rather than coming in with zero down. The comparable deal is $275 per month "0-0-0" (zero down, zero deposit, & zero first month).
      Grendal
      • 2 Years Ago
      This is fallout from the Arizona conflict. Since the Arizona people are having problems and being vocal about it, the other dealerships are responding with this. It's a spectacular deal.
      ericmarseille
      • 2 Years Ago
      I simply can't believe how cheap it is to use a car in the US : $128 is only €100! in France leasing even the cheapest econobox is around € 400 a month 4 times less...Unbelievable.
        DaveMart
        • 2 Years Ago
        @ericmarseille
        Leasing is pretty cheap here in the UK too. It must be an Anglo-Saxon thing.
      • 2 Years Ago
      My wife and I just Leased one for 3 years, $140.00 a month, now all you gas lovers out there better start looking at the real cost of ownership... Most of the time we ar blind by justifying convenience, I know it takes longer to fill up the car, but if you plan it's not a big deal. We can run around all day doing our daily routine... Now, lets talk about operating cost, I can tell you this..... There are literally non, unless your talking about rotating tires and a brake job, I don't understand, how people can justify how Gas is so much better, it's just convenient... You still have a car payment, on top of that you have oil changes, Transmission oil, tuneups and Smog checks..... We come home and Plug-in, it maybe cost us less than $2.00 to do it all over the next day....... open your eyes....
        fefifofum
        • 2 Years Ago
        It's great that you have someplace you can plug it in regularly, I assume you own your home, but that's not the case for lots of people.
          Joeviocoe
          • 2 Years Ago
          @fefifofum
          Yes, and Lots of people need pickup trucks. And lots of people live in the city where owning a car isn't practical. And lots of people can't afford to buy ANY new car. It is NOT about how many people it WON'T work for... it's about how many it WILL. Tens of Millions of Americans live in homes, with garages, and have multiple cars in the household, and still drive less than 40 miles per day. The market is potentially HUGE, despite the number of people who cannot, for whatever reason, own an EV.
      SPG1
      • 2 Years Ago
      Putting money down on a lease is stupidity unless you plan to buy it at the end. It's lost money.
        jat
        • 2 Years Ago
        @SPG1
        No, it is just part of the overall cost. $2995 + 24*139 = $6331 (ignoring cost of money) to drive a new LEAF for 2 years. As Grendal says above, you are essentially paying $264/mo assuming you aren't going to buy it at the outrageous buy-out price.
        Spec
        • 2 Years Ago
        @SPG1
        Just divide the money down by 24 and add that value to the lease payment to see the real monthly rental cost.
        Ford Future
        • 2 Years Ago
        @SPG1
        Not at this price, it's just use of the product, rent, for 2 years.
        • 2 Years Ago
        @SPG1
        Not necessarily. Every car depreciates in value; so if the cost of your lease is lower than the cost of depreciation, then you have a good deal. Now, with an electric car, you also have to consider the savings you get from driving an electric car. Grab depreciation + saving from gas, and also + any interest you would have paid on financing a car, and if it's higher than the lease, you have a good deal.
        Joeviocoe
        • 2 Years Ago
        @SPG1
        The true depreciation is a BIG UNKNOWN right now. This is like playing the stock market. All we can do is speculate. Do we get hysterical over less than 1% of bad Leafs that are pretty much isolated geographically? Do we use our best judgement about the natural gradual degradation of the pack? Is a 70% - 80% capacity pack worth something (even if not used in a car, such as grid storage) on the secondary market? The pack replacement costs in 2017 are unknown. The price of gasoline in 2017 are unknowable. A low lease price puts folks into an EV without expecting them to take on risk. All is good :)
        Tysto
        • 2 Years Ago
        @SPG1
        If used Leafs are selling for pennies by the time the lease period is up, then the consumer wins big and Nissan will take a nasty loss. That's the gamble, and it's entirely appropriate for big-ticket new technology.
        paulwesterberg
        • 2 Years Ago
        @SPG1
        If you plan on selling your vehicle every 2-3 years than a lease is sometimes a better deal. This lease is a rare case where the cost of the lease is less than the cost of vehicle depreciation so if you bought the vehicle you would lose a lot more value. But I agree that dealers obfuscate the real monthly cost by requiring a large down-payment.
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