User avatar
DNAinaGoodWay
Gold Member
Posts: 2586
Joined: Mon Dec 17, 2012 1:43 am
Delivery Date: 03 Dec 2012
Leaf Number: 23156
Location: Central Massachusetts

Re: End of Lease Strategies?

Sat Jan 07, 2017 9:44 am

Strange isn't it? Especially after they've given as much as $7k. But you might not know that if you don't read this forum. Plus, they may be hoping that the way dealers intimidate people saves them some money. So, let them lose money. Someone else will get a cheap used car.
'12 SL last reading @ 2 yr, 22k, 260 GIDs, 62.35 Ahr

'15 SV w/QC, Mfd 5/14, Leased 8/14, 292 GIDs, 64.38 Ahr when new

@ 25 months, 25k, 267 GID, 56.88 Ahr
@ 29 months, 29k, 286 GID, 60.88 Ahr
@ 31 months, 30.3k, 274 GID, 58.39 Ahr

6.72 kW Array

DaveinOlyWA
Gold Member
Posts: 11516
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 10 Nov 2016
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Sat Jan 07, 2017 10:39 am

LBCev wrote:It's been a long time since I was on the board but I wanted to share my lease buyout experience. I upgraded my 2011 to a '13 SL when my first lease expired. I had planned to buy the '13 and was hoping to get a price at least $6k below my buyout of $15.4k. My lease ends in March.

This week, NMAC sent multiple emails and called me to discuss end of lease options including VERY COMPETITIVE buyout options. When I called they said they couldn't discuss specific incentives and I had to contact my dealer. I reached out to five area dealerships via email. One gave me $5k in dealer assistance ($12.7K OTD) and the other 4 gave me nothing. They just quoted the buyout cost of $15.4K. There are hundreds of LEAFs coming back on the LA market in the next few months and several low mileage, late model cars available now for less than $10K. There is no way I am buying my own car and saving it from auction unless I get an offer below $10k. NMAC should be handling this as they have in the past by giving us transparent incentives.


so NMAC didn't give you a price in writing? I was sent a post card with the buyout price and simply instructed to take it my dealer (well any dealer will do... )
2011 SL; 44,598 miles. 2013 S; 44,840 miles. 2016 S30; 8341 miles. 363 GIDs, Ahr 82.34, Hx; 100% kwh 28.1
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

LBCev
Posts: 134
Joined: Tue Jul 27, 2010 6:04 pm
Delivery Date: 03 Nov 2011
Location: Long Beach, CA

Re: End of Lease Strategies?

Sat Jan 07, 2017 11:01 am

DaveinOlyWA wrote:so NMAC didn't give you a price in writing? I was sent a post card with the buyout price and simply instructed to take it my dealer (well any dealer will do... )


No, NMAC did not provide a buyout price in writing. Further, they would not discuss it on the phone and instead referred me to my dealer for the specific incentives available to me. It was frustrating as NMAC initiated contact with me - not only through mail, but email and voice messages.
Delivery: 3/30/11
VIN: 785
Now solar powered!

DaveinOlyWA
Gold Member
Posts: 11516
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 10 Nov 2016
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Sat Jan 07, 2017 11:49 am

LBCev wrote:
DaveinOlyWA wrote:so NMAC didn't give you a price in writing? I was sent a post card with the buyout price and simply instructed to take it my dealer (well any dealer will do... )


No, NMAC did not provide a buyout price in writing. Further, they would not discuss it on the phone and instead referred me to my dealer for the specific incentives available to me. It was frustrating as NMAC initiated contact with me - not only through mail, but email and voice messages.


yep. just another example of random, on the fly rules Nissan and NMAC seem to be soo pervasive with.
2011 SL; 44,598 miles. 2013 S; 44,840 miles. 2016 S30; 8341 miles. 363 GIDs, Ahr 82.34, Hx; 100% kwh 28.1
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

LeftieBiker
Posts: 5896
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Sat Jan 07, 2017 1:04 pm

A couple of months ago, NMAC stopped handling buyouts, and turned the process over to the dealers.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

Gearscout
Posts: 62
Joined: Sat Jun 08, 2013 11:04 am
Delivery Date: 15 Jun 2013

Re: End of Lease Strategies?

Sat Jan 07, 2017 1:07 pm

Nissan is telling us to check with our dealers. Mine is selling 2015 LEAF's exactly like my own for $9,999. Same, Very Low mileage...8k.

I haven't checked in with the sales staff for an official offer...but my lease is up in 6 months. The 5.5% Finance price isn't great. I can't see the dealer pricing this car at MORE than they're selling used models of the same year.

It's a 4th car in the family, so I'm analyzing whether it's going to be worth it. Will save wear and tear on another vehicle and maintenance. Gas prices likely going up...but only moderately. Insurance costs around $100/month. But I've already got the 240v EVSE and a convenient hookup. Dealer is 5 miles away for a fast-charge...I've only used that 1 time in almost 4 years.

Without the $5k rebate offered by the State of Georgia (which made leasing this car essentially $50/mo) getting a newer model isn't likely.

sendler2112
Posts: 213
Joined: Wed Jan 06, 2016 5:05 pm
Delivery Date: 07 Jan 2016
Location: Syracuse, NY USA

Re: End of Lease Strategies?

Sat Jan 07, 2017 1:16 pm

The used car lots will be the big winners in Nissan's stubborness as current leesee's who want to buy their cars are quoted prices that are 40% over the retail pricing on the street after the cars go to auction. Why pay $14,000 for the car when you can turn it in and go buy one just like it (maybe even the same one by chance if you were to wait) for $10,000. Or $8,500 in my area. Soon to be $7,000 by May-August when the peak of the 2014 turn-ins really swamps the auctions. Nissan would be wise to track the local retail pricing of the Leaf and adjust the lease buy out offers to match so as to help the dealers and keep the profit out of the used car lots.

enrohT5
Posts: 4
Joined: Sun Feb 02, 2014 9:48 pm
Delivery Date: 02 Feb 2014

Re: End of Lease Strategies?

Sat Jan 07, 2017 3:52 pm

We have a '13 SV (36mo lease) with the lease up in Feb. Was just told by one dealer that Nissan is giving 8k off for 13's. Makes our buyout right around 6k. I said I wanted it in writing, and he was gonna double check and call me Monday.

DaveinOlyWA
Gold Member
Posts: 11516
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 10 Nov 2016
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Sat Jan 07, 2017 3:56 pm

enrohT5 wrote:We have a '13 SV (36mo lease) with the lease up in Feb. Was just told by one dealer that Nissan is giving 8k off for 13's. Makes our buyout right around 6k. I said I wanted it in writing, and he was gonna double check and call me Monday.


that deal might be gone. Nissan is changing their stance every other minute...
2011 SL; 44,598 miles. 2013 S; 44,840 miles. 2016 S30; 8341 miles. 363 GIDs, Ahr 82.34, Hx; 100% kwh 28.1
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

enrohT5
Posts: 4
Joined: Sun Feb 02, 2014 9:48 pm
Delivery Date: 02 Feb 2014

Re: End of Lease Strategies?

Sat Jan 07, 2017 4:00 pm

Could be - I checked with multiple dealers back in November, and the most they were offering was $5500 off. This particular sales guy said new discounts would be out in January since it's a new quarter - he just emailed me and said this is what he read yesterday. I also contacted another dealer, who said he'd call me Monday after talking to NMAC. We'll see!

Return to “Buying / Leasing / Dealerships”