Used Nissan LEAF Prices Fall Again In April

MAY 14 2015 BY ERIC LOVEDAY 36

Once again the Nissan LEAF has topped Cars.com’s list of “Top 10 Biggest Used-Car Price Drops.

In March and again in April, the LEAF ranked #1 on this list.

According to Cars.com:

“For the second month in a row, prices for used Nissan Leafs sank more than any other used car, dropping 4.7 percent ($708) in April. Used prices for the all-electric Leaf are down 14 percent ($2,362) year-to-date while the average price for all late-model used cars is up 1 percent ($258) to $23,167.”

Cars.com suggests that still relatively low gas prices may be the culprit:

“Gas prices aren’t driving demand for alternative-fuel cars like the Leaf. Even though the national average for a gallon of regular has been moving up in recent weeks and now stands around $2.65, according to AAA, it’s still about a dollar less than a year ago when the average for a gallon of regular was $3.67.”

Cars.com notes the following in regards to the Top 10 list above:

The charts detail used cars from the 2012 to 2014 model years with the biggest price drops and increases. To be eligible for the lists, a model had to have at least 250 cars in Cars.com’s national search listings.

Source: Cars

Categories: Nissan

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36 Comments on "Used Nissan LEAF Prices Fall Again In April"

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KenZ

I’m betting it’s more of factor of the types of Leafs that are coming off lease; as more variants become available (e.g. 6+kW charger, nav system, newer variant battery, Chademo, etc), that’ll depress the price people are willing to pay for the base models; models people normally would have optioned up if they were going to buy the car originally, but since it was a lease, they took without.

Anyway, my point is there is likely a mix with a higher percentage of ‘underoptioned’ Leafs out there than other cars, and as newer improved variants come off lease, that effects the prices.

Speculawyer

Good point. Many of the early LEAFs may have no Chademo . . . didn’t matter much then since there were few stations and it cost an extra $1K. But now . . . it is well worth getting.

Stimpacker

If I’m buying a used Leaf, I wouldn’t want CHAdeMO unless it’s free. The vehicle will not come with Nissan’s free charging cards.

In California, eVgo rips you off. Nearly $10 to charge each time!

Speculawyer

“eVgo rips you off. Nearly $10 to charge each time!”

I don’t get that attitude. You are not paying for electricity . . . what you are paying for is the the charger, the installation of the charger, the maintenance of the charger, and parking.

When you need it for an extended trip, the $10 is well worth it. But don’t worry because you rarely need it.

Dave R

Yep, and if you need it frequently, you should pay for their subscription which pays for itself if you QC 2 or 3 times a month.

Still, I wish they’d offer a single rate but just give you a discount the more you use instead of locking you into a subscription.

The first charge per month is the same as their a-la-carte rate and your 3rd charge on costs the same as the subscription rate.

Brian_Henderson

Over 80% of the 2011/2012 LEAFs came with CHAdeMO.

The percentage dropped with 2013 MY at ~45% were base Model S LEAF without CHAdeMO. DC and 6.3 kW are only standard on SL, but a common option on the SV.

Nate

In my area chademo is a nice option, but I can see how in other areas why paying extra isn’t worth it.

That said, I just searched some local adds and it looks like a lot of 2011-2012’s have it. They are priced quite nicely, and low miles too.

Speculawyer

Lots of people are going to spin this as a negative but in my view, this is a big positive in that many more people can now buy into the EV market. For $14K you can get a nice little commuter that costs almost nothing to drive. And when the battery wears down, you can get a new one for $5400 from Nissan.

Sublime

It’s all perception. In my opinion, this is a list of the best values in used cars.

Brian_Henderson

Great news for used LEAF buyers … less so for LEAF sellers.

jmollard

Absolutely. If few lessors are keeping their Leafs then dealers may be losing more money on reselling returned Leafs than they originally made on the lease. The danger is dealers won’t want to continue stocking and selling new Leafs. Nissan needs to come out with a refreshed, better and more appealing Leaf, or this problem could turn into a death spiral for the Leaf.

KenZ

Oh it’s better than that; I saw a used Leaf for under $10k recently with 35k miles. That’s like… free IF (the big if) it meets your commuting needs for distance.

I’ve been surfing the prices for a few months to get a baseline: my next car is absolutely a used Leaf when we move next year. A) because it’s a great value B) because even though it’s used, in a way it supports Nissan, and Ghosn is the man.

Assaf

+1!

Yeah, I was floored to see yesterday that most 2011 Leafs now go for ~$10k.

I wonder when the word will get out, about what a great bargsin this is for people who must car-commute and are with limited budget.

Even with today’s gas prices, you are saving easily $1.5k/year on gas, and $1.5k/year on maintenance.

Plus, those 2011’s and 2012’s typically have quite a bit to go under the battery warranty.

It’s only a matter of broader awareness now.

Nate

Yep, I agree with both these comments. The maintenance costs are less than other used cars in this price range too.

Doug (dhanson865)

I just bought a 2012 SL with every possible option/feature 36200 miles on it (just over base warranty) and a battery with 83% original capacity left. I drive about 35 miles a day (15 mile each way + lunch) so range isn’t an issue.

Warren M

Even though it s the highest pecentage decrease on the list, its the third lowest dollar decrease since the car is so inexpensive now.

ItsNotAboutTheMoney

Exactly. Cars.com’s definition of biggest is wrong.

Mike777

New low prices better compete with low gas prices.
Still a Bargain.

Ocean Railroader

Ya the day is getting closer and closer when I will be able to buy a Leaf or i-miev and kiss oil good bye.

Gsned57

You can pick up an imiev for 8 grand and 12k miles

electric-car-insider.com

16 kWh battery vs Leaf’s 24 kWh. and has a distinctly economy car feel. Great deal for folks who need the absolutely cheapest car and have a very short commute, but most people will find the used Leaf a much nicer car for only $2k more. The extra range makes a huge difference especially at the low end of the scale.

David Murray

Yep.. The prices of used Leafs is insane right now. Volts too, for that matter. As far as I’m concerned they are the best deal to be had right now if you are searching for a used car.

Jonathan

Considering that my 2015 S w/QC package, wound up costing me just under under $18,000 out the door after I included all of the various tax credits and rebates, I’m surprised that the prices above are as high as they are. I’ll also wind up saving about $1300/year in gas, so in three years my break even number will be about $14,000. That $14,500 sales price above, which doesn’t include sales tax (upping it to $15,700 here in CA) seems like a pretty high price for a used 2011/12 model with significant battery degradation. If I can drive my 2015 Leaf for 3 years and sell it for $14,000, I’d be thrilled! That would mean that I drove a car for free for 3 years.

Assaf

2011’s now go for 10 grand. I even saw one in Texas for 9.

The numbers above are for 2012-2014 average.

Mike

typical correlation vs causation
they make the link but provide no proof

tedfredrick

Auto trader has multiple 2011 Leaf sl for under 10K

JackDFW

2012 Mitsubishi I-MiEV SE Raspberry Metallic is for auction on ebay with 14K miles.

http://www.ebay.com/itm/271863521911?_trksid=p2055119.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT

Looks like it sold for $6,500 and is now being re-auctioned with a $6,500 starting price and no bids yet. Auction ends tomorrow. No reserve. For sale in Dallas area.

If I had not just leased a new 2015 Leaf I would consider buying the I-MiEV.

I was going to buy a new 2012 I-MiEV in Dec with an out the door price of $13,000 after federal and TX rebates. So $6,500 is half the new price after rebates.

Jelloslug

If I were in the market for a late model used car a Leaf would be an awesome deal right now.

Mass i-MiEV

Just picked up a 2012 Mitubishi i-MiEV with 8k miles for $8,600 – QC, back up Cam, Nav.
If you can deal with a 62 miles (or maybe 80 if just around town driving) that is a great deal. They are all coming off leases now.
Look at AutoTrader. 201 for sale in the USA as of today

ItsNotAboutTheMoney

It should also be noted that the iMiEV is efficient so it’ll give a particularly low cost per mile. So if people can live with its limitations, it’ll provide good value.

Just_Chris

Is it time to introduce the bi-directional chargers?

You can have 3 Tesla power walls or a Nissan Leaf sitting next to the house.

Unlike with the wall, you’ll also have a nice dry space to sit when you fail the “does my bum look big in this?” question

or – if you take all the seats out, fit some flower beds and put some 12V LED lights in you have an ideal place to grow you exotic orchids, it even has climate control!

or – you could reverse the front seats, take out the back seats, fit a great big TV and beer fridge – Man cave! and all this while soaking up the solar in the day for you to use when you get home from work.

Maybe $10-14k is still a bit high before we start to talk about 2nd life stuff but 2nd hand EV’s are so much more useful than a run down ICE vehicle.

electric-car-insider.com

You beat me to it, Chris, and your post was way funnier than anything I had in mind. Kudos!

Grumpy

In Colorado a new base model Leaf is probably less than 13,000$ after haggling and13,500$ rebates (if you can qualify). It is hard to justify buying a used car for the price of a new one.

I think all the EVs will be have high depreciation because the lack of tax rebates for used cars makes the cars instantly worth 7,500$ less than the sticker price.

Nate

Cool. I’d consider a used LEAF after my Volt lease expires, if it was from somewhere with a mild climate like the Bay area, Portland or Seattle. Not so interested in a lease return from a hot climate, as I figure the battery has been through more stress. I really like the Volt, but I’m looking forward to having some interesting options both new and used options next time around.

ItsNotAboutTheMoney

If you won’t take them they’ll get shipped to Norway where, apparently, the degradation basically stops dead.