Agency Information Collection Activities; Proposed Collection; Comment Request; FTC File No. P154800 #00009

Submission Number:
00009
Commenter:
Laura Dawson
State:
North Carolina
Initiative Name:
Agency Information Collection Activities; Proposed Collection; Comment Request; FTC File No. P154800
#633: Agency Information Collection Activities; Proposed Collection; Comment Request Auto Buyer Consumer Survey After leasing an all-electric Nissan LEAF in September 2013, $31,455.00 car cost plus fees including a $9,750.00 cash down not paid by me, but included in the three-year lease with Nissan Motor Acceptance Company, less $8,150.00 rebate from the local Nissan Dealer, a vehicle valued at $1,200.00, financed the balance. The monthly payment for the vehicle is $378.20. It is nearly time to end the lease and move into another vehicle, yet the value according to the sales office at my local Nissan is $5,000.00 and I still have until September 2016 to shop. I have been told that the trade of the leased car would not be sufficient to get me into another comparable vehicle without a much higher payment and more cash for a down payment. Also, when showing the valuation to our county tax offices, in order to correctly pay taxes at the value of the LEAF, it was reassessed in a short walk-around by a tax office clerk. She valued it by its appearance at $10,000.00 and so still had to pay property tax on that amount, not the book value. Thank you for your attention to this significant loss of equity in my leased car and the issues faced in replacing it. Equity valuation is expensive to the buyer, therefore your survey of this matter is important, especially with relation to a newer model All-Electric environmentally conscious vehicle in this age of climate change.