Wednesday, September 8, 2010

Nissan Leaf lease details revealed

High expenses facing early buyers of the Nissan Leaf. For example, people are finding that having a charging dock installed could be more expensive than they bargained for. Now those buyers are also learning the details of Nissan's advertised $349-a-month lease deal.

That price sounded too good to be true, especially for a $33,000 car. Digging a little deeper, we found that to get down to that $349-a-month, three-year deal requires the $7,500 income tax rebate and a $1,999 capital cost reduction, the leasing equivalent of a down payment. Other extra costs include a $595 acquisition fee and a $395 disposition fee. That adds up to a total out-of-pocket cost of $15,553. Aside from the tax rebate, the deal is structured like a traditional lease.