Nissan Lowers Leaf Lease Price After New EV Tax Credit Rules

Between sagging sales and being cut off from the $7,500 vehicle tax credit, Nissan had to do something to breathe a little bit of life into its aging Leaf EV. As of April 18th, new rules about battery material sourcing under the Inflation Reduction Act meant Leaf buyers could no longer take advantage of the discount.

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According to Automotive News, in order to help combat that and the rising number of more competent electric vehicles, Nissan has decided to drop monthly payments on the base Leaf to $309. That’s a $20 drop over the previous rate for a 36-month lease. So, if you add it all up, over the course of a three-year lease, you are saving $720. That may not sound like too much, but Nissan is also dropping Leaf down payments by 21 percent to just $1,999 due at signing, AutoNews reports. That certainly sweetens the deal a bit.

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“We’re looking to make sure that we’re providing good value, but we’re also competitive in the market,” Brian Brockman, a spokesperson for Nissan, told Automotive News.