If you’re car shopping, prepare to pay significantly more than in previous years. As the automotive market slowly rebounds from the pandemic, consumers are paying over the sticker price due to limited supply and greater demand. That includes even entry-level cars, hybrids, and EVs. Some of the best examples are Hyundai and Kia models. But don’t expect to get a good deal on a 2023 Nissan Leaf, either. Here’s a look at the Leaf and how much you should expect to pay.
These vehicles are selling well above MSRP
Due to supply and demand, many cars are selling above the manufacturer’s suggested retail price (MSRP). Consumer Reports says Kia and Hyundai represent the highest markups. For example, the Kia Carnival, one of the few minivans left on the market, is selling for 20% over its $32,900 MSRP. And the Kia Sorento is going for 18% over its $29,990 sticker price.
In addition, the Hyundai Ioniq 5 is selling for 17% over its MSRP of $41,450. The Ioniq 5 has been one of Hyundai’s most anticipated all-electric offerings, so it’s no surprise consumers are willing to fork over the extra cash. If you’re in the market for a Hyundai Tucson Hybrid, expect to pay 16% over its $30,900 MSRP.
And the fully electric Nissan Leaf isn’t far behind.
How much does a 2023 Nissan Leaf cost?
According to Kelley Blue Book, the average cost of a new car increased slightly to $48,681 in November 2022. That’s a $2,250 hike over the average in October 2021.
The 2023 Nissan Leaf is selling, on average, 14% over MSRP. Nissan set the starting price of its all-electric hatchback at $28,040. A 40-kWh battery powers the standard Leaf. Its unimpressive 150-mile driving range is less than the Chevy Bolt’s 250 miles, but the Leaf is cheaper.
However, with a 60-kWh battery, the 2023 Leaf SV Plus can go up to an EPA-estimated 212 miles. But that range-topping trim starts at $36,040.
2023 Nissan Leaf alternatives
If you want a new electric car without a high markup, consider the 2023 Chevy Bolt EV. With an MSRP starting at $25,600, the Bolt EV can go well over 200 miles on a full charge.
For something a little cheaper, the Hyundai Kona could be a great option with a starting MSRP of $21,990.
The Kia Niro is slightly more expensive, with an MSRP of $26,490, but you also get an estimated driving range of 253 miles, up from the previous 239 miles of previous models.
Another Nissan Leaf alternative is the Mini Cooper Electric. It starts at $34,225. However, the range is only 114 miles.
Buying a new car has always been a haggling game. But with demand outpacing supply, dealers have the upper hand right now. However, with patience and research, consumers can still find good deals on new cars, even amid supply shortages and inflation.