If you have decided to lease a Nissan leaf, then let us congratulate you on making a great choice. Nissan leaf is one of the best electric car options out there. Making the decision of leasing over purchasing is also really smart if you aren’t able to afford the car upfront. Before you start looking for electric car lease deals, you need to understand everything associated with the process.
In this article, we are going to provide you with valuable information about leasing a Nissan and everything else associated with electric cars. Without further ado, let’s ‘drive’ right in!
Benefits of Leasing a Nissan
If you are fond of getting a new car every couple of years and take good care of your vehicles, then leasing is the perfect option for you. Nissan offers a signature lease program that gives you several options for leasing their vehicles. The lease terms usually range between 24 to 60 months.
Let’s take a look at the benefits of leasing a Nissan in further detail below:
Affordable Monthly Cost
One of the biggest advantages when it comes to leasing a Nissan leaf is that it makes it easy to acquire a car that you couldn’t have otherwise been able to afford. You get a much better and bigger car for around the same amount of money that you would’ve used to purchase the one that you can afford.
Since you’re essentially only paying for the period that you’ll use the car, the monthly payments are also considerably lower. This makes it easy to afford the car for the time it is under your use.
Leasing is especially a great idea for electric cars because they are, on average, a little more expensive than regular fuel cars. So, it makes more sense to lease them for the time you want to use them instead of putting a heavy sum into purchasing. Moreover, if you’re purchasing the car for business use, you can also receive tax benefits depending on your state, lease, and tax laws.
Save on Fuel
When you lease a Nissan electric car, you don’t only lower your monthly expenses in terms of payments but also on fuel. On average, electric cars cost a lot less per mile than cars that need fuel. This allows you to save some more on your monthly car expenses.
Leasing a car poses a much lower risk than outright buying it. If you’re trying out a new tech car, it’s best not to invest all your resources into it right away. Leasing saves you financial worry and liability. All you need to do is make the initial payment and keep making pre-set monthly payments from then on.
Save Air Quality
It’s a well-known fact that vehicles that run on fuel pollute air quality and damage the environment. With an electric car, you can do your part in protecting the environment from hazardous emissions, such as carbon dioxide and other pollutants.
Are There Any Special Lease Programs For Nissan Leaf?
Yes, Nissan offers a few special lease programs for a certain group of people. Take a look at these programs below to learn if you qualify.
1) Nissan Military Program
Nissan’s military program is offered to all military veterans. Under this program, a customer gets additional discounts on top of their current offers. In order to access this program, you just need to print out your military certificate when you go for a deal. The Nissan military program offers lease specials and exclusive sale deals for military veterans.
To learn more about qualifying for this program, take a look at the official eligibility requirements here!
2) Nissan College Grad Program
If you’re a recent college grad, then you’re in luck. Nissan has a special program just for you to get started on the new chapter of your life. All you need is a copy of your graduation certificate, and you can unlock several exclusive discounts and incentives. To see if you match the eligibility requirements, visit the official site here!
What is The Cheapest Electric Car to Lease?
Now that you’re considering leasing an electric car, you must be wondering about some of the cheaper options. Keep reading to know about our top 3 picks below:
1) Nissan Leaf
The first option is obvious because we just discussed the benefits of leasing a Nissan in the section above. Nissan leaf is becoming a commonly sighted electric car model in and around urban areas. The major reason for that is its ease of use and that it comes with semi-autonomous kits. What’s more, is that it’s just way more affordable than other options. So, if you’re in search of cheap electric car lease deals, the Nissan leaf is the perfect choice for you.
If you want to know exactly how much it would cost you to lease a Nissan leaf, then check out this payment calculator.
2) Renault Zoe
If you’re looking for something other than Nissan Leaf, then Renault Zoe is the cheapest option to consider. It comes with affordable leasing deals and monthly payments. Between the plugs, it provides a mileage of 250 miles. Considering the price range, this mileage is an excellent offer.
3) BMW i3
If you’re looking for a premium small car option, then there is no better option than the BMW i3. Although this model’s been around for 5 years, it’s still one of the best electric cars available in the market today. Size-wise, it’s similar to a Renault Zoe. However, in terms of comfort and feel, its interior is much more premium and luxurious.
When you’re ready to lease or buy a BMW i3, you’ll be presented with two options. You can get a pure electric model, or you can get one that comes with a small fuel engine range extender, which can be used to charge up your car’s battery. If you want to go all out with a sporty model, then you can get an i3 model with wider arches and bigger wheels.
What is The Lease Payment on a $50,000 Car?
When you lease a car, the monthly payment depends on a variety of factors. It is determined after taking into account the price of the vehicle, down payment, estimated sales tax, residual value, and lease term. When you put all of these numbers in a lease payment calculator, you’ll find out exactly what your monthly lease payment will be on a $50,000 car.
Why You Should Never Put Money Down on a Lease?
You may think that a down payment is a mandatory requirement for leasing a car, but that’s far from the truth. Although it is a norm to make a down payment while leasing a car, it just isn’t mandatory. Moreover, we especially advise against any such decision for a variety of reasons.
First of all, there is a huge chance that you’ll lose the money you gave as a down payment in case the vehicle gets stolen or totaled. This is even more relevant for the first few months of you leasing the car. Insurance companies mostly only pay the actual market value amount of a vehicle in these cases. If you have GAP insurance, your down payment still wouldn’t be completely protected.
The second major reason for not making a down payment for a lease is that in most states, you’ll have to pay taxes on that payment. On the contrary, when the amount becomes a part of your monthly payments, the taxes become more manageable.
What is The Downside to Leasing a Car?
After reading all about leasing cars, you must be wondering whether there are also downsides to leasing a car. Like everything else, leasing a car also comes with its share of downsides. However, they don’t outweigh the benefits, it’s not even close. Let’s take a look at some of the most significant downsides of leasing a car below:
- If you plan on leasing the car for a long, it can turn out to be expensive in the long run. Leasing is only feasible for short and fixed-term use.
- Another considerable drawback of leasing is the limit on mileage. Most leased cars have a driving limit of up to 15,000 miles per year. If you cross this limit, you can be penalized heavily.
- Insuring a leased car is much more expensive than insuring a car that you have bought.
- If you don’t have good credit, then you probably won’t even qualify for a decent leasing deal.
- There are lots of fees involved with leasing and using a leased car.
If you’re thinking of leasing a Nissan leaf, then we definitely encourage you. Leasing has many benefits, as we discussed above. Just make sure that you get a good deal with a low monthly payment.