However, it’s not available everywhere.
Nissan has increased the price of its Leaf electric vehicle. A price drop was announced by the Japanese automaker for all Leaf trims. However, Nissan offers a better deal for those who prefer to lease their Leaf EV. You could lease a Leaf starting at $89 per month, depending on where you live. It’s roughly the same monthly cost as purchasing a cup of coffee each morning on your commute to work.
It sounds impossible to believe that you can get a brand-new car for less than $100 per month. However, many US car buyers are convinced it is possible. Autos Direct states that Nissan offers this rate in select areas. These include major cities like New York, Houston and Los Angeles.
In other areas, however, the lease rate is still very low at $149 per monthly. You don’t even need to sell your kidneys for a down payment. The first month’s monthly payment and $1,449 are due at the time of signing. Cars Direct also points out that there may be regional credits and rebates to reduce the cost.
This crazy lease deal is, however, very specific. This applies to the base Nissan Leaf S model, which has a range limit of 150 miles and a maximum power output of 147 horsepower (110kilowatts). Lease terms are very specific, with a two-year term and 10,000 miles per annum. The monthly cost of switching to one of these metrics will skyrocket. CarsDirect points out that residual values are much higher on a two year lease, which is part of the reason for the lower monthly payments. The monthly payment is more than twice as high if you add 2,000 miles (12,000 annually versus 10,000). This seems a bit extreme for such a small mileage differential.
These lease deals, which are available on Nissan’s configurator, are still active and will be valid through September. The fine print states that you must take delivery from dealer stock. At this time, it is not clear how many 2022 Leaf entry-level models are available. If you are lucky enough to find one, you might be able to drive a brand-new car for a very low monthly cost.