You Can Lease a Brand New Nissan Leaf for Less Than $100 a Month
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If you haven’t yet heard of the Nissan Leaf, it’s a compact five-door hatchback electric car, and one of the best-selling electric vehicles of all time.
It was first released in 2010, and has received a litany of awards ever since, mostly for being one of the most eco-friendly EVs on the market. It’s also fun to drive!
With this in mind, Nissan surprised everyone with a recent update about the 2022 Leaf. Not only will it include a 240-volt portable charge cable, CHAdeMO fast-charging, adaptive cruise control, and steering assistance, it will also cost $4,000 less than previous versions.
Consequently, many drivers will be able to take advantage of a ridiculously low car leasing deal of just $89 a month. That’s probably less than your cable bill!
Read on to learn more about leasing a brand-new Nissan Leaf, and find out how Jerry can save you hundreds of dollars on your next car insurance premium.
The new 2022 Nissan Leaf is efficient and affordable.
Why is the 2022 Nissan Leaf so cheap?
As explained by The Drive, the 2022 Leaf’s unexpected price drop is related to a number of factors.
Firstly, the affordable EV space is getting more and more competitive, as major car makers begin to offer electric versions of their best-selling models.
Following the $4,000 discount you can order a brand-new Leaf for just $27,400 (or less than $19,900 if you are eligible for the $7,500 EV tax credit). It has positioned itself as the cheapest EV on the market.
Secondly, there are concerns surrounding the Leaf’s CHAdeMO fast-charge port, which will not be compatible with the CCS plugs being employed by Electrify America, the nation’s largest car charging network.
It is hoped that a discounted Leaf, especially a leased one that can be returned after a couple of years, will assuage consumer fears about this.
Where is the Nissan Leaf leasing option available?
Initially, the $89 a month lease will only be available on base trim 2022 models of the Nissan Leaf, and only in certain parts of the country. Confirmed locations include Maryland and New York State, plus major cities in Texas and California.
The Drive explains that to take advantage of the offer, you have to pay $1,449 as a downpayment and must not drive more than 20,000 miles over the course of the two year lease. This equates to just over 27 miles each day.
Considering the range of a fully-charged base model Leaf is 149 miles, this is not the car to use on your next roadtrip. It is, however, an excellent choice for running errands or a short daily commute.
The pros and cons of leasing a car
Some people are vehemently opposed to leasing, suggesting it will always cost you more than buying in the long run.
That said, leasing still accounts for almost 80% of all cars leaving the dealership, and it does make sense for some drivers.
In the pros column, lease payments are often lower than monthly payments on a new vehicle, there is no long term commitment, and you normally get full warranty coverage.
As for the cons, leasing will cost more than buying if you hold onto the car for a long time, because you are paying interest as part of your monthly payments.
You are also not allowed to alter any part of the vehicle—even superficial damage like a scratch can end up costing you more than it should, and if you want to get out of the lease early, it will cost a small fortune in penalty fees.
Learn more about whether it’s better to buy or lease a car here.
Car Insurance for your leased vehicle
Most lease contracts insist you take out full insurance coverage on your leased vehicle, including comprehensive and collision insurance. While this will cost more than your state’s minimum insurance requirements, you might be surprised how affordable a complete insurance package can be.
If you want to save money on car insurance, the Jerry app is a good place to start. A licensed broker, Jerry does all the hard work of finding the cheapest quotes from the top name-brand insurance companies and buying new car insurance. Jerry will even help you cancel your old policy.
And to ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price. This level of service is why Jerry earned a 4.6/5 rating on the App Store and made it one of the top insurance apps in the country.