Summary
- The Nissan Leaf, one of the first mass-produced electric vehicles, has lost some appeal due to aging looks and stiff competition
- Despite this, the Leaf is still relevant in 2024, especially in Colorado with added tax incentives
- The base model Leaf offers 150 miles of range on a full charge and can be charged in 40 minutes with a DC fast charger
- A lease deal in Colorado offers a brand-new Leaf S for a monthly fee of around $110 after taxes
- While the car’s value at the end of the lease is under $19,000, it is still worth considering due to the low upfront cost of roughly $3,000.
Article
Nissan Leaf Lease Deals: Is It Worth It in 2024?
The Nissan Leaf, one of the first mass-produced electric vehicles globally, has seen a decline in popularity due to stiff competition and aging looks. However, a new lease deal for the Leaf EV might make it relevant again, particularly in states like Colorado where tax credits slash the price significantly.
Nissan Leaf Specs: The base Nissan Leaf comes with a 40-kilowatt-hour battery that offers around 150 miles of range on a full charge. Charging can be done from a 240-volt outlet in eight hours, or a DC fast charging station in about 40 minutes.
Deal Details: The Fast Lane EV in Colorado secured a new Nissan Leaf S for a monthly fee of under $10. While the monthly payment after taxes comes out to around $110, it is still a great deal for a new EV with a Level 1/Level 2 charger included. Registration fees and residency restrictions in Colorado apply.
Lease Terms: The base trim level of the Leaf includes steel wheels, cloth seats, and automatic emergency braking. A payment of $2,396 upfront with a remaining monthly fee of $9.79 results in an effective monthly payment of approximately $110. The lease is for 24 months and 20,000 miles.
End of Lease Value: The value of the car at the end of the lease contract is just under $19,000, slightly below the price of a new Leaf S with the federal tax credit applied. Despite this, a $3,000 two-year lease on a new EV may still be worth considering for some buyers.
Alternative Lease Deal: For those who prefer a $0 down payment, another lease deal in Colorado offers a Nissan Leaf for about $100 per month. Both lease options make the Leaf EV an attractive choice for those looking for an affordable electric vehicle option.
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