DaveinOlyWA
Posts: 13338
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Feb 2018
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Thu Nov 15, 2018 8:57 am

LeftieBiker wrote:
Your residual is...quite frankly too high. The residual on my 40 kwh LEAF is 9500.


That likely means that you are paying too much for the lease. What if you don't want to buy the car when it ends, or the car is totaled? I have a residual of $17k, which is about market value. If I have to walk away from the car. I won't be crying.


Because of my accident, my hand was forced... Had no options and investigated the Bolt as an alternative which would have been over $100 more per month. So my "deal" was ok, at best. Zero down, 15,000 a year, $380 a month. S with climate and charge.
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 11,987 miles, 485 GIDs, 37.6 kwh 110.89 Ahr , SOH 96.00, Hx 115.22
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

adendou
Posts: 1
Joined: Mon Nov 26, 2018 3:44 pm
Delivery Date: 26 Nov 2018

Re: End of Lease Strategies?

Mon Nov 26, 2018 3:49 pm

My 2017 leaf S is going to expire at Feb 2019, I only had it for two years. Called dealership and was asked to buyout. Then called NMAC was told they can't extend the lease for another year, maybe 3 months at max for a good reason.

Question: What options do I have? I basically wanted to get an EV with currently monthly pay.

Thanks.

LeftieBiker
Moderator
Posts: 9875
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Mon Nov 26, 2018 4:58 pm

The 2018 Leaf should be going cheap, depending on where you live. Same with the 2018 Volt if you don't mind a PHEV with 53 mile AER.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

Dooglas
Posts: 230
Joined: Thu Apr 03, 2014 10:08 pm
Delivery Date: 04 Jan 2017
Leaf Number: 314779
Location: Oregon City, OR

Re: End of Lease Strategies?

Fri Nov 30, 2018 1:17 pm

LeftieBiker wrote:The 2018 Leaf should be going cheap, depending on where you live. Same with the 2018 Volt if you don't mind a PHEV with 53 mile AER.

Not sure what you mean by "going cheap", but Nissan does not seem to be offering much in the way of attractive "deals" right now. The '18s have basically disappeared from dealers (all sold apparently). No interesting deals from Nissan are on offer for the '19s. And there are definitely no incentives to encourage lessees to buy their vehicle at end-of-lease or to extend their lease. The fact that the 60kWh Leaf now appears to be in limbo has not helped any of this.

As GM just announced that the Volt will be discontinued, I presume that will result in some Volt "deals" at some point.
2013 Leaf SV - lease ended, 2016 Leaf S30

LeftieBiker
Moderator
Posts: 9875
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Fri Nov 30, 2018 1:27 pm

Usually when Black Friday ends, Leaf deals start to dry up. If there are any cars left they will likely have a christmas promotion.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

mathprofcarrie
Posts: 21
Joined: Thu Apr 25, 2013 10:37 am
Delivery Date: 25 Apr 2013
Location: Portland, ME area

Re: End of Lease Strategies?

Sun Dec 16, 2018 8:39 am

TIA for info!

End of 3 year lease on my 2015 Leaf SV is Dec 31. Buyout is $10800 + 300 fee + taxes. Car has 26K miles (lease was 15K/year for 3 years, but I changed jobs so am way under). I have a dent that needs repairing ($500 ish) when I scraped the side backing out of my garage one day. Lease is $212/mo + taxes.

Overall I am happy. Since my new job is only 18 mi away, round trip hasn't been an issue (except one day that my power went out). i don't know what other car I could get for $10K and 26K miles that costs so little in gas, plus I've got set of snow tires in good condition to put on. i haven't noticed much battery degradation, despite cold weather here. Range in cold weather and battery degradation was the primary reason I upgraded from my 2012 Leaf lease to the 2015 (Country driving in the cold sucks battery down really quickly, but the 15 SV has the heat pump, which has really helped, plus I now have a garage, which mediates the starting temp).

I'm thinking of purchasing it. Thoughts? Things i should think about first? I was thinking about taking a 3 year loan and hoping it lasts for my commute at least another 2-3. Then I may pass it to my son who will have his drivers license for driving to school (bus ride takes 40 min to go 6 mi).

If so, how do I go about doing this? Should i be shopping around for lenders? Just go to my dealer and tell him I want to buy? Thoughts on length of buy loan for this age leaf? Feel free to send me to an already established thread on how to convert lease to buy.
2015 Leaf SV, "Black Pearl" - Leased 1/1/2016 for 36 mo, 15k/year
2012 Leaf SV, Glacier Pearl aka "Grandma Pearl" in ME - Leased 4/24/2013 for 15K/yr returned 1/4/16
Giving up 20,000 lbs of Carbon

LeftieBiker
Moderator
Posts: 9875
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Sun Dec 16, 2018 2:16 pm

I suggest you buy the car. You can try to negotiate a better price, but your residual is actually good as it is. You might try pricing the Nissan Gold Preferred extended warranty to extend the factory bumper to bumper warranty for another year, but since West coast dealers were told to stop selling them at bargain prices, they are expensive. You will have a powertrain warranty until 2020.

The 2015 Leaf is as good as they get as used Leafs go, and you know you've taken care of it. I suggest you have the end of lease inspection anyway, though, or instead pay for a mechanical inspection, while the car is still under the full warranty.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

mathprofcarrie
Posts: 21
Joined: Thu Apr 25, 2013 10:37 am
Delivery Date: 25 Apr 2013
Location: Portland, ME area

Re: End of Lease Strategies?

Mon Dec 17, 2018 10:21 am

Good point on the full inspection while under warranty - if I keep it, I was going to take it in to change to snow tires anyway...
2015 Leaf SV, "Black Pearl" - Leased 1/1/2016 for 36 mo, 15k/year
2012 Leaf SV, Glacier Pearl aka "Grandma Pearl" in ME - Leased 4/24/2013 for 15K/yr returned 1/4/16
Giving up 20,000 lbs of Carbon

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