tomt
Posts: 183
Joined: Fri May 02, 2014 6:53 am
Location: Foothills of Granada Hills, CA
Contact: Website

Re: Rusnak Mercedes in Arcadia,CA has two ED

Thu Jul 17, 2014 3:18 pm

So, the same thing that Nissan is doing with the tax credit... 10,000 miles a year is low though, that would never work for me (I have 15,000). Based on your monthly payment, it seems their money factor may be a little high too...
stevepl wrote:For a lease, they give an instant full federal tax credit of $7500 off the settled price. The 3 year residual value is 23,000. With my trade-in value of $3750 down, the total price was 41,800 and my lease payments are $650 with 30,000 mile allotment. Long story short, no huge discounts but it is nice to get the full $7500 credit right away. I don't think BMW was as generous with the Federal credit for leases.

Steve L.
Studio City, CA
Returned 03Mar15: 2011 Leaf SL-e #360 with 59K miles, leased 01Mar2011 for 4 years.

padamson1
Posts: 79
Joined: Wed Jul 09, 2014 8:38 pm
Location: Portland, OR

Re: Rusnak Mercedes in Arcadia,CA has two ED

Thu Jul 17, 2014 3:43 pm

stevepl wrote:For a lease, they give an instant full federal tax credit of $7500 off the settled price. The 3 year residual value is 23,000. With my trade-in value of $3750 down, the total price was 41,800 and my lease payments are $650 with 30,000 mile allotment.

Long story short, no huge discounts but it is nice to get the full $7500 credit right away. I don't think BMW was as generous with the Federal credit for leases.

Steve L.
Studio City, CA
Residual seems around $4k lower than my 2011 LEAF (based on $11k price differential) which is good and bad. The good: it's cheaper to buy out, the bad: the lease payment is more than double my LEAF payment.

Kinda puzzled why that payment is so high, I would've expected something in the $450-550 range, it's almost as if they didn't take the $7500 tax credit off the price.

admin
Site Admin
Posts: 19
Joined: Mon Feb 17, 2014 7:17 am

Re: Rusnak Mercedes in Arcadia,CA has two ED

Thu Jul 17, 2014 3:57 pm

Here are some photos from Steve's shiny new B-Class Electric Drive, congratulations Steve!

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tomt
Posts: 183
Joined: Fri May 02, 2014 6:53 am
Location: Foothills of Granada Hills, CA
Contact: Website

Re: Rusnak Mercedes in Arcadia,CA has two ED

Thu Jul 17, 2014 4:59 pm

Yeah, it is more than twice what I am paying on the Leaf... And being been a first adopter, I didn't get the best lease deal which makes it seem even odder... The residual seems artificially low too, which only raises the monthly that much more...
padamson1 wrote:Kinda puzzled why that payment is so high, I would've expected something in the $450-550 range, it's almost as if they didn't take the $7500 tax credit off the price.
Returned 03Mar15: 2011 Leaf SL-e #360 with 59K miles, leased 01Mar2011 for 4 years.

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