Forum Thread

Drive Nissan Leaf 2 years for free in Georgia YMMV

xpeng 2,129 271 December 14, 2013 at 07:53 PM in Your Mileage May Vary (YMMV) (2)
Deal
Score
+16
73,026 Views

Thread Details

Last Edited by xpeng December 15, 2013 at 02:18 AM
Please read carefully before you post back.
Heard a few others did this, so I leased a Nissan Leaf today too.
$0 down, $80 for tag, no other tax or fee, $250/month, 24 month, 12K miles/year, $395 when returning the car. No maintenance needed (just tire rotation). $5000 GA income tax credit (forward up to 5 years). You need to pay insurance.
After the saving on gas, you may drive this can for free for 2 years, or save some money depends on what car you're driving right now. My SUV can run 15/19 miles/gal, so I may save some money, even better than free.
If you pay less than $2500 GA tax each year, then you may not take the full advantage.

And you can use HOV lane.

I know 2 dealers can do this price, and I believe any dealer will price match.
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Community Wiki

Last Edited by ChromeDream December 14, 2013 at 11:25 PM
This post can be edited by most users to provide up-to-date information about developments of this thread based on user responses, and user findings. Feel free to add, change or remove information shown here as it becomes available. This includes new coupons, rebates, ideas, thread summary, and similar items.

Once a Thread Wiki is added to a thread, "Create Wiki" button will disappear. If you would like to learn more about Thread Wiki feature, click here.

Fellows, if I read it correctly, Leas'er will get, 20% of the cost of lease. i.e., max 1200. Not free or 5000. Don't think so ? Give ur math.

Quote from MonkeyBeds View Post :
Be fore warned, the specific tax code is as follows:
...
(b) A tax credit is allowed against the tax imposed under this article to a
taxpayer for the purchase or lease of a new low-emission vehicle or zero emission
vehicle that is registered in the State of Georgia. The amount of the credit shall
be:
...
(2) For any new zero emission vehicle, 20 percent of the cost of such vehicle
or $5,000.00, whichever is less.
...

Read that section over a few times, "20 percent of the cost of such vehicle or $5,000, whichever is less". GA state tax commissioner is not going to consider the MSRP of the vehicle as your "cost" when leasing. Your cost will be what you actually pay to the lease. Thereby, this deal is just a way to get audited and the book thrown at you. Your total credit off a 2 year lease will be $1200 (if you exclude the tag fee/return fee). ($600/yr on this lease).

BTW: The charging station credit is for commercial public access charging.

1. Tax credits are allowed only for business enterprises which include any business
engaged in manufacturing, warehousing and distribution, processing,
telecommunications, tourism, and research and development. (Such term shall not include retail businesses.)
3. The charger must be installed in Georgia for a minimum of five consecutive years.
4. The charger must be located for and allowed public access.

232 Comments

1 2 3 4 5

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2009
Just a Mile away.
5,468 Posts
1,229 Reputation
#3
How does it work ??
Reply Helpful Comment? 0 0
Joined Aug 2010
Detroit = Mad Max Times
1,313 Posts
429 Reputation
#4
How is it free when you're paying monthly?
Reply Helpful Comment? 0 0
#5
Why is it $250 a month then? Can buy a used car with payments less than that at a used car dealer...

I hope you aren't considering it 'free' as it's $0 down.
Reply Helpful Comment? 0 0
Joined Sep 2003
L10: Grand Master
14,530 Posts
17,523 Reputation
Pro
#6
$250 per month plus fees doesn't equate free. Am I missing something?

Tofu Vic
Reply Helpful Comment? 0 0
#7
$250 per month and 24 months gets you $6000 out of pocket. GA has a $5000 tax credit for leasing a zero emission vehicle, so if your STATE taxes are a lot, you can use this credit (over 5 years).

So there is kind of $1000 net, but you also save money not having to buy gas, which I think OP is figuring into the equation.
Reply Helpful Comment? 0 0
#8
Quote from NoETF View Post :
The people who don't understand why it is free probably don't pay state taxes other than the lottery.
Or they don't make enough to take advantage of the $5k tax credit

If you don't pay you can't expect to receive

Is this available in other states beside GA?
Reply Helpful Comment? 0 0
Last edited by Binar December 14, 2013 at 08:03 PM
#9
Quote from Binar View Post :
Is this available in other states beside GA?
I believe the answer is yes, and you can check your state here:
http://www.nissanusa.com/leaf-ele...incentives
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

#10
I thought it was the lesser of 20% or $5K. So for leasing it would only be a 20% tax credit?
Reply Helpful Comment? 0 0
#11
Quote from juku View Post :
I thought it was the lesser of 20% or $5K. So for leasing it would only be a 20% tax credit?
It is the lesser, you are correct. The Leaf has an MSRP of $28,800 or so, so $5K is actually the lesser.
Reply Helpful Comment? 0 0
#12
Quote from mewman13 View Post :
I believe the answer is yes, and you can check your state here:
http://www.nissanusa.com/leaf-ele...incentives
Can you explain this?

ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY CREDIT
An income tax credit of zero to $1,000 (possibly $30,000) for the cost of qualified alternative fuel vehicle refueling property. This credit is scheduled to expire December 31, 2013.
Reply Helpful Comment? 0 0
#13
Quote from Binar View Post :
Can you explain this?

ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY CREDIT
An income tax credit of zero to $1,000 (possibly $30,000) for the cost of qualified alternative fuel vehicle refueling property. This credit is scheduled to expire December 31, 2013.
Doing a quick glance over the PDF, it looks like if you get a charging station (or another kind of alternative fueling station) installed at your house, you can get up to 30% back as tax credit, up to $1000
Reply Helpful Comment? 0 0
#14
Got one! Free leaf!!!
Reply Helpful Comment? 0 0
#15
I guess $80 + $250*24 + $395 = $6.5k = free these days
Reply Helpful Comment? 0 0
Page 1 of 16
1 2 3 4 5
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard