Found a 2011 Nissan Leaf for $5,900

[oil pan 4]

I was either going to put a few kw of solar on the finished guest house out building or get a leaf. I just have not had time dig up and replace the inappropriate wire the last guy installed. He put down 8/2 with ground to a 120-240 panel on a 60 amp tandem breaker at the main. There is no insulated 3rd wire to run neutral on and you can't run 60 amps on 8 gauge. I already replaced the 60 amp tandem with a 30 amp spare i had laying around so the house doesn't burn down.
So a leaf it is.

[oil pan 4]

It should be here Monday.

[oil pan 4]

I was looking at new versus old prices for other 2011 cars.
As long as you don't crash it or put a crap load of miles on a car it should only lose around half it's value in 7 to 8 years.
A perfect or near perfect leaf with very low miles will have lost around 80% to 85% of its value. All I can say is some one had to get screwed on these things, just glad it wasn't me.
If gas goes back up near $4 a gallon relatively soon these things could see their current value go up by around 50%.
Now is probably the time to get one if you have been thinking about it.
Plan is to get it here, make sure it's going to do what we need, if not drive it for all its worth when we can and resell it to some sucker when gas prices hit $3.50+ and get all my money back and then some.

[jjackstone]

One of the reasons the resale price is so low on the older Leaf's is because so many of them were sold with various tax incentives. I remember seeing some areas that had $10,000 to $12,000 worth of write offs between fed, state, local, and utility company credits and deductions. And of course the lower range and somewhat defective early battery pack contributes to that lower resale price. I met a guy a few weeks ago with a 2011 Leaf with less than 50,000 miles on it that only had a remaining range of about 50 miles. It would be great for local use but I wouldn't want to pay more than $5000 for it.
JJ

[MetroMPG]

Are your Leaf calcs made on MSRP, or on MSRP minus the federal and state purchase rebates?

Those rebates effectively lower the starting price for depreciation calcs.

I think Georgia had fed $7.5k + state $5k stacked = 12.5k total rebates, for example. And I've read that's where used Leafs are cheapest.

[MetroMPG]

Jinx!

[jjackstone]

And now even better deals?
"PG&E (formerly Pacific Gas & Electric) announced yesterday a new $3,000 purchase incentive for new Nissan Leafs.

The utility company rebate is taken off the purchase price and comes on top of a $7,000 rebate from the state and the $7,500 federal tax credit."

Full article:
https://www.greencarreports.com/news...an-leaf-buyers

JJ

[ME_Andy]

Congrats on the new Leaf! We could probably sell ours for a small profit right now, even though it's 2 years and 20k miles older. I think we'll keep it, though. There's nothing else I'd rather replace it with

[redpoint5]

I think gen I Leaves(?) still have a bit more depreciation to go. I'm not sure how aware customers are between the model year differences. I value a 2013 sv model quite a bit more than a 2011 for instance due to heat pump, faster charger, and some other things I'm not thinking of.

When the gen II really start flooding the market, and just before federal credits begin to phase out, I expect the price to hit bottom for gen I. Once credits run out and new car sales stagnate, the used values will increase.

I'm shooting for Jan of next year.

[oil pan 4]

Go by MSRP since I don't know for sure what the total bribe was.
If they have to pay people to buy these cars then it's just not time for them yet.

The one I found was up in springfield illness and got a new battery in 2014. I have seen ones with around 50 miles of range from down south.
Back when I first started looking for them I found a real nice 2011 one form a dealer who had just installed a new battery, wanted $6,900 for it, wouldn't take any less. No one would touch it. Some one finally bought it. I would have strongly considered buying it, but didn't have 6,900 plus shipping from houston laying around at the time.