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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