Rusnak Mercedes in Arcadia,CA has two ED

[tomt]

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...

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

[padamson1]

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]

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

[tomt]

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...

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.