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Old 09-08-2015, 03:17 PM   #14
Dadhawk
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Quote:
Originally Posted by BRZZZZZZZZZZ View Post
So did like most states sell 1 or 2 Nissan Leaf-s and Washington/Georgia sell like 10 or 15, cause that could be why :P
Not in Georgia, they are all over the place in the Atlanta area. There are 3 on my cul-de-sac of 18 homes.


Georgia had a quirky "incentive" for electric vehicles that you could apply to a lease. The Nissan dealers picked up on it and basically figured out with the incentives (basically tax credits for tree huggers) you could lease a Leaf for 24 months with almost no out of pocket money. This finally just expired in July.


A lot of them are driven by teenage girls who got them as first cars in my area.


Here's the details:



Quote:
Originally Posted by Atlanta Journal Constitution
Here’s the math:
A Nissan Leaf in its basic form (and with good credit) starts at $28,980, or $199.00 per month if you lease it. The state of Georgia is offering several tax incentives to get you to purchase an electric vehicle which includes up to a $5,000 income tax credit.
Here's the fine print: “An income tax credit is available for up to 20 percent of the cost to purchase or lease an electric vehicle, or $5,000, whichever is less. The credit cannot exceed the taxpayer's income tax liability, but any portion of the credit not used in the year the electric vehicle is purchased or leased may be carried over for up to five additional years (48-7-40.16(b)). The vehicle must be registered in the state of Georgia.”
So now let’s divide this $5,000 by our lease of $199. That gives us 25 months, just over two years, to have a free car.
This means, if you lease a Leaf for two years, your net expense is less than zero. And that means it’s more than free.



Full article here: http://www.ajc.com/weblogs/atlanta-b...r-s-more-free/
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