Yiima
Posts: 4
Joined: Tue Oct 07, 2014 10:35 am
Delivery Date: 05 Oct 2014
Leaf Number: 310361

Re: End of Lease Strategies?

Mon May 01, 2017 7:53 am

My 36 mth lease due in October. Got calls from dealer to get remaining five payment waived and a new Nissan Leaf. So I turned my 2015 leaf in last weekend and got a 2017 for much lower price with VPP and loyalty

mykalt45
Posts: 4
Joined: Mon Jan 23, 2017 1:57 pm
Delivery Date: 23 Jan 2017

Re: End of Lease Strategies?

Mon May 01, 2017 1:11 pm

Any updates for May?

Nopaliba
Posts: 1
Joined: Mon May 01, 2017 4:47 pm
Delivery Date: 01 May 2017
Leaf Number: 308119

Re: End of Lease Strategies?

Mon May 01, 2017 4:55 pm

mykalt45 wrote:Any updates for May?

Just checked with my dealer, they are still waiting for the May incentives. Will keep you posted.

User avatar
jlv
Posts: 387
Joined: Thu Apr 24, 2014 6:08 pm
Delivery Date: 30 Apr 2014
Leaf Number: 424487
Location: Massachusetts

Re: End of Lease Strategies?

Tue May 02, 2017 6:52 am

Thanks for this thread. I now own my LEAF, and leasing it turned out to be much cheaper than buying given the discount I got on the end (7600 off the residual).
'13 SL+Prem (mfg 12/13, leased 4/14, bought 5/17)Tesla S 75D (3/17)
Model 3 reservation
(Probably no LEAF2 for me)

ishareit
Posts: 3
Joined: Tue May 02, 2017 11:37 am
Delivery Date: 02 May 2017

Re: End of Lease Strategies?

Tue May 02, 2017 1:27 pm

Just fyi... Dont know if this is a great deal or not, but I bought back my car yesterday, 2014 Leaf S, 36 month lease for 6400$ + tax/registration/80$ dealer fee, total - $7274. The residual was 12092$.

Fred
Posts: 14
Joined: Thu Nov 08, 2012 11:18 am
Delivery Date: 30 Oct 2012

I decided against the lease extension

Tue May 02, 2017 2:39 pm

I was irritated that it took several calls and nearly a month to finally get the lease extension paperwork.

It was not as it was presented in my phone calls.

The paperwork arrived with a fixed length term ending on March 31st 2018 with early termination penalties.
Same lease payments for a new car being applied to an old car. The three free months helped bring in down a bit but I could go sign a two-year lease for a new one with all the crazy incentives for less than my current payments.

But it was the early termination fee that stuck in my craw. They never mentioned that on the phone. Only that I had to maintain the lease for at least six months otherwise they would have asked for the three months back. I can understand that. It wouldn't be reasonable to extend and then after the three free months turn it in and say buh-bye.

They made it sound like as soon as I made a deal on the 2018 I could just turn the old Leaf in - no mention of a fixed length contract or early termination fees.

No thanks.

I'll probably just get a buyout offer from the posters on the forum and then decide on a Bolt or new Leaf when it becomes available this winter.
Already have test driven the Bolt and my Wife and I liked it but there's some advantages to sticking with the Leaf (Loyalty discount, don't have to get a new/additional charger installed). From an interview with a Nissan exec that I read today, it sounds like the Leaf will not be much over 200 miles on a charge. With the Bolt rated at 238 and it sounds like it can routinely do better than that, the Bolt may have the edge there.

LeftieBiker
Posts: 6131
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Tue May 02, 2017 3:11 pm

The paperwork arrived with a fixed length term ending on March 31st 2018 with early termination penalties.
Same lease payments for a new car being applied to an old car. The three free months helped bring in down a bit but I could go sign a two-year lease for a new one with all the crazy incentives for less than my current payments.


Two points:

* The "early termination fee" language has always been there, but it isn't used. The lease is month by month and the only penalty you pay is owing the free payments if you don't extend at least 6 months. It made some of us nervous at first, but there is no record of Nissan every imposing an early termination penalty other than invalidating the free months.

* Nobody lowers lease payments on an extension. That's because it isn't a new lease - it's an extension of the existing terms.
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.

brianpmcintosh
Posts: 9
Joined: Wed Mar 08, 2017 12:38 pm
Delivery Date: 08 Mar 2017

Re: End of Lease Strategies?

Wed May 03, 2017 7:54 am

Happy May!

Nissan released the May incentives yesterday. Please email me for a buyout quote. It's been fun working with everyone who has contacted me, and if you contacted me in the past couple of days, I'll be touching base with you today. Special thank you to my Atlanta clients for meeting with me on 29th to wrap everything up!

Even though I'm based out of Greenville, SC, I'll complete everything with you remotely (helped a client in Hawaii). It takes about a week's time to fully complete it all. So, the earlier in the month you contact me, the better. I look forward to hearing from y'all!

Thank you!

Brian McIntosh
Crown Nissan of Greenville
bmcintosh@crownauto.com
864-281-1608

ishareit
Posts: 3
Joined: Tue May 02, 2017 11:37 am
Delivery Date: 02 May 2017

Re: End of Lease Strategies?

Wed May 03, 2017 8:58 am

Hey Brian, are these incentives better or worse than April?

LeafyAustin
Posts: 2
Joined: Fri Apr 07, 2017 11:30 am
Delivery Date: 07 Feb 2014
Leaf Number: 300441

Re: End of Lease Strategies?

Thu May 04, 2017 10:32 am

MY15 on 36-mo lease reduced to $4,700 in May. Lease extension anyone?

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