I only drive locally so not an issue for me. Isn’t the incentive for the LEAF still ~12-14K and currently active, though? When you modify online it shows as 26K CDN, so it must be taking it into account.
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I only drive locally so not an issue for me. Isn’t the incentive for the LEAF still ~12-14K and currently active, though? When you modify online it shows as 26K CDN, so it must be taking it into account.
Jctin
Member
I do currently have a fully Hyundai Ioniq Electric also
I did put a call to the dealer and was told that the govt will pull the plug in September/October and if you made a purchase agreement and vehicle not delivered before the rebate is gone, the dealer will accept your cancelation.
Called my local Tesla. They will not match this. They said it's likely the rebate will still be in effect if the Model 3 is ordered today, but they can't guarantee it. You're able to cancel if it's taken away, but you don't get back the non-refundable $4200 (unless it's put towards another purchase.)
I'm debating risking it, and if cancelled, putting the $4200 towards the standard battery (without-rebate) when that releases. I suppose even with the significant reduction in cost of the LEAF, the Model 3 will have far better resale value.
What do you guys think?
YusufT
Member
Hey guys, I’m financing the car through Tesla/RBC and not sure what to put for K3 “Dealer or Leasing Company Warrant”. It requires a signature from them ensuring I have permission to apply for the rebate.
Update: All NISSAN LEAFS sold out, only 2019 orders being taken. Whelp.
Call your local Tesla dealership. I did and they picked up immediately.
Call your local Tesla dealership. I did and they picked up immediately.
That’s interesting info. We are all speculating on how EVHIP will end and what the terms will be for existing orders. Though there’s no guarantee the rebate will apply to existing orders, based on the GreenON cancelation, there will likely be some sort of grandfathered period. In the unfortunate scenario where the existing orders are left holding the bag, it’s good to know we can cancel and put the deposit towards another vehicle. I imagine many people (including myself) put in orders for the RWD Model to take advantage of the rebate but in reality would’ve preferred to wait for the AWD Model. If I don’t qualify for the rebate, I’d likely cancel and wait for dual motor configurations to become available.
Keep in mind the EVCIP incentives will probably end soon too...
RAM_Eh
Member
A friend bought a leaf two months ago and can't even get a VIN number to qualify for the rebate. He may cancel his order but the Model 3 is out of his price range even with the rebate.
1Step2NoGas
Member
@likkuid
Have you looked into locating an "on the lot" Leaf? It is possible that a dealer in a non-metropolitan location has one. Also, demonstrator (demo) vehicles (with odometer 15,000 km or less) are allowed under the EHVIP providing the dealer fills out the right paperwork
Have you looked into locating an "on the lot" Leaf? It is possible that a dealer in a non-metropolitan location has one. Also, demonstrator (demo) vehicles (with odometer 15,000 km or less) are allowed under the EHVIP providing the dealer fills out the right paperwork
Tell him to go to Waterloo Nissan. They always have a few Leaf's in stock
1Step2NoGas
Member
Unless the list of eligible vehicles under the EHVIP is updated, there are no 2019 models currently listed there.
Waterloo doesn’t seem to have any. With the Nissan Leaf sold out, I looked into the Chevy Bolt, which has 383km range. This is cost difference between Chevy Bolt and Tesla with 500km range + 7K interior upgrade package, both of which are mandatory to order now.
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(All prices include 13% tax.)
Bolt = $38,759 after rebate.
Total of 84 Monthly Payments = $54,516
Total Interest paid = $6,756.
Total cost = $45,515.
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Tesla Model 3 = $58,433 after rebate.
Total of 84 Monthly Payments = $69,132.00
Total Interest Paid = $8,732.00
Total cost = $67,165.
Difference = $21650
Wife wants the Tesla. Hard for me to justify. Will require further thinking, as I’m not entirely confident in Chevrolet.
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(All prices include 13% tax.)
Bolt = $38,759 after rebate.
Total of 84 Monthly Payments = $54,516
Total Interest paid = $6,756.
Total cost = $45,515.
—
Tesla Model 3 = $58,433 after rebate.
Total of 84 Monthly Payments = $69,132.00
Total Interest Paid = $8,732.00
Total cost = $67,165.
Difference = $21650
Wife wants the Tesla. Hard for me to justify. Will require further thinking, as I’m not entirely confident in Chevrolet.
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1Step2NoGas
Member
If I simply take your "Total of 84 monthly payments" numbers from above and look at the difference, I only see $14,616. $14 thousand is very close to the $16,216.85 that I arrived at when I was comparing the numbers for "paying cash" for Bolt EV vs Model 3. The $21,650 may not be the "apples to apples" but it certainly may be a valid difference for you depending on what assumptions are inside that number.
Ya.. but your kinda comparing 2 vastly different cars. 1 is a base model econo hatchback (nothing wrong with thay... just saying..), and 1 is a fully loaded "luxury" brand sports sedan with another 120km of range and can drive itself (eventually).
Any further analysis is done at your own peril.
Wait, my math is wrong. And yes, it's absolutely not apples-to-apples. Just mentioning in terms of EV options.
For Model 3: 84 months (7 years) @ 3.9% interest, $60,400 finance amount and $5000 down = $823/mo, according to the Tesla website. I assume that’s before sales tax, as the cash price is.
That would be $823 x 84, which is: $69,132.
+ 13% tax = $78,119.16.
$78,119.16. + $5000 downpayment = $83119.16
$83119.16 - $14000 rebate = $69,119.16 total.
Bolt: $60,179.28 - 14K = $46,179.28 total
= $22,939.88 difference.
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Someone please correct me if I'm wrong in terms of deposits, etc.
For Model 3: 84 months (7 years) @ 3.9% interest, $60,400 finance amount and $5000 down = $823/mo, according to the Tesla website. I assume that’s before sales tax, as the cash price is.
That would be $823 x 84, which is: $69,132.
+ 13% tax = $78,119.16.
$78,119.16. + $5000 downpayment = $83119.16
$83119.16 - $14000 rebate = $69,119.16 total.
Bolt: $60,179.28 - 14K = $46,179.28 total
= $22,939.88 difference.
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Someone please correct me if I'm wrong in terms of deposits, etc.
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