DaveinOlyWA
Gold Member
Posts: 11577
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?

Sun May 07, 2017 6:32 am

ishareit wrote: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 - $7274. The residual was 12092$.


no location makes an evaluation impossible. Would be a good deal here but...
2011 SL; 44,598 miles. 2013 S; 44,840 miles. 2016 S30; 11311 miles. 363 GIDs, Ahr 82.34, Hx; 102ish% kwh 28.1
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

DaveinOlyWA
Gold Member
Posts: 11577
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?

Sun May 07, 2017 6:37 am

AlanSqB wrote:Yes, I'm assuming that Nissan is no longer concerned about a glut of used units sitting on dealer lots and therefore sweetening the incentive. They must be moving the metal. Good for them.


I think that might change. Right now they seem to be being dumped in selected areas of the country but because of some missteps, the populace is wising up to what to not buy. But inventories are low here and there which means prices are going up. Nissan will want to take advantage of that I think
2011 SL; 44,598 miles. 2013 S; 44,840 miles. 2016 S30; 11311 miles. 363 GIDs, Ahr 82.34, Hx; 102ish% kwh 28.1
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

DaveinOlyWA
Gold Member
Posts: 11577
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?

Sun May 07, 2017 6:38 am

kiko wrote:So, missing the $6700 buyout incentive last month and not wanting to bite on $4700, I decided to extend lease of MY15 from late September to late April '18. Lease is 171/mo so that factored in decision. Still, am having some remorse as I like the vehicle and it is working well for our needs, any chance incentives will come back up? Past history from this thread indicates not likely, but maybe with Leaf 2.0 there will be another round of better incentives? Any thoughts appreciated.


1) there is always a chance

2) NO ONE can predict the future

3) incentives are based on the ever changing market conditions of supply and demand.

4) what you lost last month means NOTHING as to what you might gain next month
2011 SL; 44,598 miles. 2013 S; 44,840 miles. 2016 S30; 11311 miles. 363 GIDs, Ahr 82.34, Hx; 102ish% kwh 28.1
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

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

Re: End of Lease Strategies?

Sun May 07, 2017 6:56 am

DaveinOlyWA wrote:
ishareit wrote: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 - $7274. The residual was 12092$.


no location makes an evaluation impossible. Would be a good deal here but...


California. Zip code: 94544

DaveinOlyWA
Gold Member
Posts: 11577
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?

Sun May 07, 2017 9:03 am

ishareit wrote:
DaveinOlyWA wrote:
ishareit wrote: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 - $7274. The residual was 12092$.


no location makes an evaluation impossible. Would be a good deal here but...


California. Zip code: 94544


prob a good deal. used LEAF prices have taken a bit of a jump around here. Hard to get a decent one for under $8500. A few months ago, they were all over the place.
2011 SL; 44,598 miles. 2013 S; 44,840 miles. 2016 S30; 11311 miles. 363 GIDs, Ahr 82.34, Hx; 102ish% kwh 28.1
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

Dooglas
Posts: 99
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?

Sun May 07, 2017 5:54 pm

AlanSqB wrote:Exactly what I am hoping for. I'm thinking that as soon as they start releasing photos and purchase details for the '18, the incentives could come back up. However, I've only got one more month that I can hold out. $7500 is still my magic number.

Unfortunately that stuff is not supposed to happen until September, so I don't think the timeframes mesh for you.
2013 Leaf SV - lease ended, 2016 Leaf S30

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

Re: End of Lease Strategies?

Wed May 10, 2017 10:29 pm

I wouldn't be surprised that the supply of used Leaf's is tightening up. They are dirt cheap and fewer are probably being turned in as many including myself have taken advantage of extending their leases instead of rolling them over. Once the 2018 starts coming out there will be almost a year's worth of off-lease Leafs being turned in over 3-4 months. Prices will likely plunge then.

What is somewhat surprising are that people are still paying those prices for a used Leaf when for not much more they could get a new one with more range. When I was trying to decide what to do (buyout lease, buy new, buy used, or extend) initial offers up here in the Pacific NW were in the 17K range and that was initial offers. I'm sure there was a lot of room left as I've been keeping tabs on inventories and they are either holding steady or going up at the dealers I've been checking on. Heck some dealers still have a couple of new 2016's in their inventory!

So when the new Leaf comes out, we'll compare it to the Bolt (already test drove) and decide which to get and will likely also buy a 2017 or earlier one as they are still very useful (I can commute all week on one charge on our 2015 SV) and will be cheap at that time.

LeftieBiker
Posts: 6112
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Wed May 10, 2017 11:49 pm

What is somewhat surprising are that people are still paying those prices for a used Leaf when for not much more they could get a new one with more range.


That's almost twice as much as used Leafs, and only if you qualify for the full tax credit. The market for $8k EVs has a lot more lower and middle income participants than does the market for $17-20k (with tax where it's charged) EVs.
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.

widgetboy
Posts: 35
Joined: Wed Dec 07, 2011 7:11 pm
Location: Stone Mountain, GA

Re: End of Lease Strategies?

Fri May 12, 2017 8:42 pm

I was looking to extend my lease (ending July 4th) and called the special number for the incentive.
Same deal, 3 months free, blah blah.

My problem was when I leased this car, I rolled negative equity into the lease, making my payments the last 3 years $679/mo.

All they would offer was to extend my lease with "the current terms."

Obviously I'm not going to keep paying that rate now that the negative equity has been paid off.
So this appears to be the end of the road with me and Nissan.

Is there such a thing as renegotiating a lease, or leasing a "used" car?

Nissan didn't really seem to want to do much for me.
Reserved: 8/25/2011 Last delivery estimate: 12/19/2011 Actual Drive Away: 12/16/2011
VIN: 16328 Color: Glacier Pearl EVSE: EVSE L2 Upgrade. evseupgrade.com

LeftieBiker
Posts: 6112
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Fri May 12, 2017 8:57 pm

The only possible option I see for you is to find out what the current residual discount is, and if that's worth buying the car, taking into account the extra debt.
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.

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