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Questions to Answer Before You Buy a Nissan Leaf | Auto Insurance

“The Nissan Leaf, Nissan’s zero-emission, all-electric car, is an exciting part of the new wave of electric vehicles being introduced by car manufacturers. You can test drive one at Nissan dealers such as Valley-Hi Nissan. Before you buy it, there are some questions you need to consider.

1) How far do you drive each day? The Nissan Leaf’s battery is designed to travel 100 miles before needing to be recharged. That mileage range is excellent for many people living in the city or suburbs, but in rural areas, where the nearest town or store might be a minimum of 45 miles away, the range is problematic. If you routinely drive over 100 miles a day, whether as part of a commute or semi-regular travel, you probably should consider another option.

2) How expensive is a home charger? The cost for a home charger for the Nissan Leaf, with installation, is $1500 to $2000. If you have an older home without the necessary electric circuits, including a 240 Volt circuit, the cost can be more. If you are considering buying a Nissan Leaf, before you purchase the vehicle, ask the dealer to get their preferred installer to give you an estimate. While it is possible to charge your car through a regular electric outlet, it will take up to 10 hours to bring the battery back to a 100% charge, while with the 240 V circuit, it only takes 4 – 8 hours. If you have access to a quick-charge station, the battery will charge up to 80% in 26 minutes.

3) Is the Leaf affordable?
Electric vehicles are typically more expensive at the outset than gas powered vehicles are, and the Nissan Leaf is no exception. However, when the cost of operating the vehicle is placed into the equation, you will find that driving the Nissan Leaf ultimately saves you money. The Environmental Protection Agency has calculated that 15,000 miles will only cost a user $600 in fuel costs, a substantial savings over the estimated $3,325 in gas costs most American families pay per year.

4) Can’t I get a tax break for buying a Leaf? The answer to that question is a definite maybe. There is a federal tax credit available for up to $7500 with the purchase of an electric vehicle, but as with any tax credit there are limitations and exceptions. Once Nissan has sold over 200,000 Leafs, the tax credit will be phased out. The only way to know for certain if you will obtain the tax credit is to check with your accountant.

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