Picked up on October 17, 2016
2016 Nissan Leaf SL with premium package (a $1500 option)
The finances break down as follows:
| $$ | Description |
|---|---|
| $39825 | Sticker Price |
| -$4000 | Nissan finance rebate |
| -$2000 | Dealer rebate |
| -$2480 | Employee Vehicle Purchase Plan |
| $349 | administrative fee |
| $60 | Registration and plates |
| $75 | Title fee |
| $31834 | Taxable purchase price |
| $1990 | 6.25% Tax |
| $35 | state inspection |
| $33993.36 | amount to be financed |
| -$7500 | Federal Tax rebate |
| -$2500 | State rebate |
| $23993 | Out of pocket expense |
| $472.13 | Monthly payment (0% 7 year loan) |
The federal tax rebate is a rebate on taxes you pay, so to get the rebate you need to owe at least $7500 in taxes. The rebate can be spread over 2 years if needed. The state (MA) rebate will be reimbursed “within 75 days”. You must finance using the Nissan Finance 0% loan to get the $4000 Nissan Finance rebate. I think this is to provide cash poor buyers with a way to finance the purchase, as the federal and state money is unavailable when the purchase agreement is signed.
With everything financed, we drive away with a new Leaf and won’t make our first payment until November 28, over a month away.