http://www.greencarreports.com/news/1099141_consumer-reports-used-nissan-leafs-can-be-a-good-value Consumer Reports: Used Nissan Leafs Can Be A Good Value By Stephen Edelstein Jul 16, 2015
[image] Nissan Leaf EV The Nissan Leaf went on sale in December 2010, meaning increasing numbers of the first cars delivered to customers are nearing the ends of their leases. So the Leaf is probably about to become a more common sight on used-car lots. Buying a used Leaf may be a good way to save money but--as anyone who's taken home a clunker knows--it's also a potential minefield of unreliable cars. Those thinking about a pre-owned Leaf may be able to rest easy, though. The Leaf is a good choice for a used car, says Consumer Reports, which suggests that now is a particularly good time to buy. Nissan's electric car scored well when the magazine first tested it, impressing staffers with its quietness, smooth acceleration, and interior space. Its predicted-reliability rating for the Leaf is "better than average"--the second-highest ranking a car can attain. Looking at individual model years, the 2011 Leaf gets a "much better than average rating," 2012 and 2014 models get "better than average," and 2013 models are rated just "average." Nissan is currently offering current lessees an incentive of $5,000 to $7,000 to buy their cars when the leases end. For a 2012 Leaf, that brings the buyout price down from a contractual $21,000 to as low as $14,000, Consumer Reports notes. Yet the magazine claims that's still far above what many used Leafs are selling for. Staffers claims to have seen "plenty" of online listings for Leafs priced around $10,000. These are mostly more recent models, with 15,000 to 35,000 miles on the odometer, they say. Used Leafs are reportedly selling for $8,000 to $9,000 at auction. Yet the average transaction price of a used 2012 Leaf is around $17,000--way above a dealer's typical profit margin--indicating few customers are negotiating. Patient buyers who are willing to wait for the right deal and negotiate aggressively may thus be able get an impressive deal. Electric cars still being a new phenomenon to used-car dealers, you might take a used one off the hands of a dealer who doesn't know much about it. This is a case, in fact, where the used-car buyer may well know far more about the car than the person selling it--which can lead to good deals for dealers anxious to "move the metal." As is the case with sales of new electric cars, a few dealers may become specialists in used plug-in vehicles as well, but for now, the educated and patient buyer may have the edge. [© greencarreports.com] ... http://www.greencarreports.com/news/1097020_four-years-and-70000-miles-later-2011-nissan-leaf-going-strong Four Years And 70,000 Miles Later, 2011 Nissan Leaf Going Strong https://www.yahoo.com/autos/used-evs-hit-by-plunging-values-could-give-savvy-124255982617.html Used EVs Plunging In Value — And Could Give Savvy Shoppers A Jolt Steven Lang July 16, 2015 [image https://s.yimg.com/cd/resizer/2.0/FIT_TO_WIDTH-w540/0ea93fead9390e4e07ba533f970cd4f0a33071c6.jpg ] Right now used electric vehicles are experiencing a colossal loss of market value. How bad is it? A typical new car has a depreciation of roughly 15% a year. Imagine if you owned a new vehicle that lost over 7% of its value— in one month. That’s what just happened to the Nissan Leaf. Over the past month, Nissan sent well over 500 off-lease Leafs to wholesale auto auctions throughout the United States. And the resulting prices were shocking. It took several billions of dollars to make this glut of used electric vehicles a reality. Beyond the $7,500 federal tax credit for electric vehicles, several states and public utilities have offered their own tax credits of between $1,000 to $6,000. On top of this financial frosting, new EV consumers were given a slew of helpful incentives from the installation of free local charging stations, to the use of HOV lanes and a substantial reduction in their annual registration fees. It was a fun and surprisingly cheap decision for those who could afford to buy or lease a new EV. But outside of Colorado and parts of southern California, there are no similar incentives for buying used EVs — and with oil prices still low, not as much natural demand for alternative-fuel cars as some automakers had expected. 2013 Nissan LEAF SL $14,900 $7,650 $7,250 48.70% 2012 Mitsubishi i-MiEV $7,950 $4,400 $3,550 44.70% 2013 Tesla Model S Performance $74,000 $52,600 $21,400 28.90% 2013 Chevy Volt $18,600 $14,800 $3,800 20.40% 2013 Ford Fusion Energi Titanium $25,600 $23,100 $2,500 9.80% Manheim Auctions, a liquidator of over six million wholesale cars a year, has forecast that the average used 2013 Nissan Leaf will only be worth $7,650 by July 2016 compared to today’s average retail value of $14,900. As you can see above, the Leaf may have plenty of company in its all-electric misery. There is one surprise in this list that deserve a special note if you’re looking for a car with some of the benefits of a pure electric vehicle. Hybrid plug-in electric vehicles – those that offer gasoline and electric engines – are not expected to experience near the level of depreciation of their all-electric competition. These vehicles typically have an electric range between 20 to 40 miles before their gas engines start up and propel the vehicle for anywhere between 300 to 500 additional miles. They also tend to qualify for fewer incentives than pure EVs. The Chevy Volt and Ford Fusion Energi models appear to be well within the typical levels of depreciation of regular cars. The Tesla Model S Performance is in a unique situation given the upcoming release of the Tesla Model X, which will offer the same 85 kwh battery in a more contemporary design. I always tell folks that the best way to get a deal on a used vehicles is to “hit ‘em where they ain’t.“ Orphan cars from dead brands such as Pontiac, Saturn, Suzuki and Mercury are a few good examples of this. So are vehicles that are a victim of changing tastes; such as minivans and regular-cab pickups (trucks with only one row of seats), and quirky vehicles such as non-sporty cars that are given manual transmissions so that the automaker can have bragging rights on a bargain-basement new-car price. Will used EVs become the next good deal in the marketplace? I think so. But it will likely take a year or so for that steep depreciation curve to flatten out. In the meantime, buy what makes you happy. There are a lot of good reasons why someone would choose an electric car as their daily commuter, from the potential environmental benefits, to the opportunity to avoid supporting the nastiest dictatorships on this planet. Many EVs are also surprisingly fast and nimble thanks to a low center of gravity and electric motors which maximize their tire-chirping torque at zero rpms. So you want cheap? Buy something unpopular. If the price of oil continues to decline, used all-electric vehicles such as the Nissan Leaf and Mitsubishi i-MiEV may indeed become the unpopular rolling deals of tomorrow. [© yahoo.com] http://www.carmagazine.co.uk/features/top-10s/the-car-top-10-worst-depreciators-after-12-months/ The CAR Top 10: worst first-year depreciators By Matt Bell ... 5) Nissan LEAF E hatchback five door auto – 33.23% [image] The base Nissan Leaf is second electric vehicle to feature in the top 10 This might appear something of a surprise entry. The Nissan Leaf is the UK’s top-selling pure electric vehicle, after all. The E is the entry-level version, however, which means stingy equipment levels. Still, a 12 month-old Nissan Leaf for £6k could represent a bargain to some ... 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