sonnylax
Posts: 165
Joined: Fri Apr 19, 2013 10:57 am
Delivery Date: 23 Apr 2015
Location: Peachtree Corners, GA

End of Lease Strategies?

Thu May 01, 2014 5:57 am

What are some of the strategies you use if you are coming off of a lease and wanting to roll into another 2-year Leaf lease?

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

tailgate1234
Posts: 86
Joined: Fri Oct 29, 2010 10:38 pm
Delivery Date: 0- 5-2011
Location: Redwood City, CA

Re: End of Lease Strategies?

Thu May 01, 2014 9:55 pm

sonnylax wrote:What are some of the strategies you use if you are coming off of a lease and wanting to roll into another 2-year Leaf lease?

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?


They let me extend my lease for 1 year at my current payment - which is very low, just by calling and asking. No dealer involvement.

sonnylax
Posts: 165
Joined: Fri Apr 19, 2013 10:57 am
Delivery Date: 23 Apr 2015
Location: Peachtree Corners, GA

Re: End of Lease Strategies?

Sun Jun 01, 2014 8:05 am

bump.

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

TimLee
Posts: 2810
Joined: Thu Jan 20, 2011 9:40 am
Delivery Date: 17 May 2011
Leaf Number: 2026
Location: Chattanooga, TN

Re: End of Lease Strategies?

Sun Jun 01, 2014 8:37 am

sonnylax wrote:
Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

Yes. They sometimes offer three month early termination but it is for certain calendar time spans.
I don't think they have it right now.
Ran out end of April IIRC.
Lots of other threads that discuss. You need to search.
Yes searching MNL is difficult.

Tim Lee
Chattanooga, TN

Man. Date: 03/10/11, VIN # 2026
Delivered 05-17-2011
Blue Ocean, 2011 SL-eTec

dm33
Posts: 669
Joined: Sat May 18, 2013 4:43 am
Delivery Date: 31 May 2013
Location: Raleigh, NC

Re: End of Lease Strategies?

Sun Jun 01, 2014 8:55 am

sonnylax wrote:bump.

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

We're not even 1yr into our 2 yr lease and we received a letter from our original dealer offering to trade us into a new lease. The letter said its a rare "opportunity" to get into a new lease waiving payments on the current lease.

At the time I thought it was the usual marketing mumbo jumbo. Probably still think so. Not sure what this dealership has/had in mind. Not sure if they were going to somehow roll the old payments into the new payments or if there really was some deal via NF.

We had a falling out with this dealership. They're referring to our 1st vehicle. It was totaled (not our fault). We tried to get a new lease from them and they quoted us 50% more for an identical replacement vehicle. They wouldn't return phone calls. Wouldn't check with NF. Meanwhile the biggest area LEAF dealership (Auto Park Nissan) spent weeks pursuing it with NF and was able to get us into a replacement LEAF while continuing our old lease. Worked out really really well for us.

Bottom line, sounds like its certainly possible to have them waive remaining payments.

P71VIC
Posts: 96
Joined: Wed May 16, 2012 9:31 am
Location: Maryland

Re: End of Lease Strategies?

Sun Jun 01, 2014 2:11 pm

tailgate1234 wrote:
sonnylax wrote:What are some of the strategies you use if you are coming off of a lease and wanting to roll into another 2-year Leaf lease?

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?


They let me extend my lease for 1 year at my current payment - which is very low, just by calling and asking. No dealer involvement.


I'm really interested in doing this, and I think it might be in Nissan's best interested too. My 2 year lease on a 2012 SL will end December of this year. The residual on it is something like $25k, which is at least 7K too high. I'd be willing to extend their day of reckoning on this another 1 - 2 years at current payments. Heck I'd even be ready to go somewhat higher. I have a ridiculously cheap $127/m payment.

I'll call Nissan financial this month to see what the deal is on something like this.
Last edited by P71VIC on Sun Jun 01, 2014 4:14 pm, edited 1 time in total.

smkettner
Posts: 6988
Joined: Mon Aug 09, 2010 10:13 pm
Delivery Date: 26 Feb 2014
Location: Orange County, CA

Re: End of Lease Strategies?

Sun Jun 01, 2014 2:24 pm

tailgate1234 wrote:They let me extend my lease for 1 year at my current payment - which is very low, just by calling and asking. No dealer involvement.
Any adjustment to the residual?
1 bar lost at 21,451 miles, 16 months.
2 bar lost at 35,339 miles, 25 months.
LEAF traded at 45,400 miles for a RAV4-EV

User avatar
TomT
Posts: 10555
Joined: Sun Aug 08, 2010 12:09 pm
Delivery Date: 01 Mar 2011
Leaf Number: 000360
Location: Foothills of Granada Hills, CA
Contact: Website

Re: End of Lease Strategies?

Sun Jun 01, 2014 2:35 pm

I've received numerous letters like that from many dealers over the years. It is almost always simply a come-on without any merit. When you try to take them up on it is when the devil and his details rears its head...

dm33 wrote:[We're not even 1yr into our 2 yr lease and we received a letter from our original dealer offering to trade us into a new lease. The letter said its a rare "opportunity" to get into a new lease waiving payments on the current lease.
59,991 miles/12 bars/289 Gids/68.54 AHr/101% SOH/101.64% Hx 7May15 w/ new Lizard (barely made the warranty).
71,770 miles/12 bars/256 Gids/59.04 AHr/88% SOH/87.92% Hx 3Mar16 at lease return.

Now driving a 2016 Volt Premier. Model 3 reserved.

Turnover
Gold Member
Posts: 230
Joined: Sat Dec 01, 2012 9:33 am
Delivery Date: 16 Nov 2012
Leaf Number: 410371
Location: Vancouver, WA

Re: End of Lease Strategies?

Sun Jun 01, 2014 3:31 pm

Exactly. Just went through this will Alan Webb in Vancouver. A hollow promise and a waste of an afternoon. The offer was to switch to a new Leaf lease for the cost of the current lease. The final numbers were another $4K down and $199/mo payments vs the current $99 payments. More of a trust breaker than a customer perk.
2012 SL:
03/30/16 43,300 mi - 383 QC's & 2467 L1/L2's 79% SOH
2013 SV (#410371) - Purchased 4/25/2016:
4/28/16 18,115 mi- 4 QC's & 705 L1/L2's 97% SOH
2/18/17 28,756 mi- 66.17 AHr, SOH 100%, Hx 101.45% 284 GiDs

SteveInSeattle
Posts: 455
Joined: Sat Jul 31, 2010 4:33 pm
Delivery Date: 03 May 2011
Location: Lake Forest park, WA
Contact: Website

Re: End of Lease Strategies?

Sun Jun 01, 2014 4:54 pm

I keep waiting for the most important detail!!! What does the one year extension do to the RESIDUAL?
2013 lease ended, purchased a red 2015 SL Premium from Ray Ishak at Magic Nissan. Good deal + rebates + $7500 tax credit + no sales tax = Leaf for Sentra money.

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