Published on February 9th, 2018 | by Steve Hanley0
Kelley Blue Book Says Nissan LEAF Has Lowest 5 Year Cost Of Ownership
February 9th, 2018 by Steve Hanley
The folks at Kelley Blue Book are mighty impressed with the new 2018 Nissan LEAF. At the Chicago Auto Show this week, it gave the LEAF an award for being the least expensive car to own over a 5 year period. The 2018 LEAF has also been nominated for World Car Of The Year award. The KBB lowest cost over 5 years award might strike you as odd, given that the 2018 LEAF has only been on the market for a short period of time. In fact, the very first one was delivered to a customer in the UK just a few days ago.
How did the folks at KBB decide a car that has only been available for 5 days (5 weeks in the US) will have such a low cost of ownership? Let’s dig into that a bit. The operative word in this instance is “projected.” Kelley Blue Book has taken out its crystal ball and “projected” how much it will cost to own a LEAF. Your mileage may vary. See dealer for details.
The calculus includes such factors as expected depreciation, fuel costs (electricity, in this case), finance charges, and insurance premiums, together with maintenance expenses, repair costs, and state and local fees. Every new car buyer should do the same thing before signing on the dotted line, but of course most don’t. They only want to know what their monthly payment will be and whether they can take the car home today.
The new LEAF has 40% greater range than the original and more appealing exterior styling. According to Electric Cars Report, it incorporates Nissan’s Intelligent Mobility suite, featuring technologies such as ProPILOT Assist, e-Pedal, Automatic Emergency Braking and more.
“Nissan Intelligent Mobility is about applying the latest technology to set a new benchmark for exciting and safe driving and the all-new Nissan LEAF delivers on that in every way,” said Brian Maragno, head of Nissan’s EV marketing and sales team. “In addition to the exhilarating drive, EVs are inherently less expensive to operate than gas-powered cars and the 2018 Nissan LEAF provides more range, content and technology at a lower MSRP than the previous generation, offering customers more value at a lower price.”
Even though the 2018 LEAF is priced $690 less than last year’s model at $29,990, it has 37% more horsepower to go with that extra range, Nissan’s e-Pedal technology that makes one pedal driving a breeze, and automatic emergency braking. The LEAF comes in three trim levels, beginning with the S. The SV adds adaptive cruise control and both Apple CarPlay and Android Auto. The top of the line SL comes with additional features like Bose Premium audio system, blind spot warning, rear cross-traffic alert, Intelligent Around View Monitor and a portable L1/L2 charging cord.
Two factors that help keep the cost of owning a LEAF low are that electricity costs less than gasoline and the reputation electric cars have for needing much fewer repairs and maintenance compared to their gas powered cousins. The 2018 Nissan LEAF may not be a Tesla Model 3, but it is a full featured automobile that starts under $30,000 and is available now, not next month, next quarter, or next year. For some, it may the perfect car for joining the electric car revolution.