Dooglas
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Location: Oregon City, OR

Re: End of Lease Strategies?

Mon Sep 11, 2017 12:25 pm

BufordLeaf2 wrote:This is actually my 2nd Leaf. In GA we had a $5k tax credit in addition to the federal credit, but unlike the federal credit, GA allowed it to be taken on leased cars. The tax credit ended 6/30/15; I leased this car 45 days prior. Without the tax credit I never would've leased either Leaf.

Actually, that is not quite correct concerning the federal tax rebate. Yes, technically it is Nissan not the owner who receives the federal tax rebate on a leased vehicle, but they turn around and hand the full amount to you as though it were a down payment on your lease. So, you actually get the $7500 as a credit now instead of a tax rebate at the end of the tax year. Some other manufacturers do not do it that way, however.
2013 Leaf SV - lease ended, 2016 Leaf S30

BufordLeaf2
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Delivery Date: 15 May 2015

Re: End of Lease Strategies?

Mon Sep 11, 2017 12:33 pm

Correct. Nissan sells the car to NMAC, so NMAC gets the federal credit. That credit flows thru to the lessee as a buy-down of the lease.

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DuncanCunningham
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Location: Bountiful, UT

Re: End of Lease Strategies?

Mon Sep 11, 2017 12:47 pm

BufordLeaf2 wrote:I agree; the 150 mile range isn't enough of an improvement.

This is actually my 2nd Leaf. In GA we had a $5k tax credit in addition to the federal credit, but unlike the federal credit, GA allowed it to be taken on leased cars. The tax credit ended 6/30/15; I leased this car 45 days prior. Without the tax credit I never would've leased either Leaf.

The residual on my car is $9800. They will have to discount the buyout by at least $6500 or they'll be getting it back. It'll be 3 years old with 45k miles. Thanks for your advice. I suppose I'll begin contacting dealers after the 1st of the year.


I'd get comfortable with the idea that you will not be getting anything like that, a $3,300 car after a 3 year lease? probably not going to happen. If you do, please do share. that would mean market prices are in that same range. then I can consider getting a car for my kids that i can afford.
Statler: Wake up you old fool. You slept through the show.
Waldorf: Who's a fool? You watched it.

2015 Leaf S (leased until May 2018, Bought out in Jan 2017)
2012 Leaf SL (purchased May 2015)

BufordLeaf2
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Re: End of Lease Strategies?

Tue Sep 12, 2017 5:42 am

You're likely correct. $3300 would indeed be a steal. But if they bring back the across-the-board discounts for each lease class, I might have a prayer. Since my Leaf will be 3 years old at the end of the lease, I figure it'll have at least 3 more years of good battery life. I won't buy it unless the cost to do so is approximately the same as the cost of gas to drive my '04 Camry for 3 years. I plan to sell the Camry if I buy the Leaf. We have a total of 4 cars at the moment for just 2 people. One HAS to go!

sts9fan
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Joined: Tue Sep 12, 2017 8:45 am
Delivery Date: 12 Sep 2017

Re: End of Lease Strategies?

Tue Sep 12, 2017 8:49 am

Does anyone have information on dealers that will work with you via phone for end of lease? The local guys in Boston have been very unhelpful and don't seem to want the business. They seem to think that Nissan has to tell me the incentives and Nissan tells me its the dealer.
I want to buy my 2014 SL if they off a bit of incentive. Otherwise I have to turn it in. I can't believe how much of a hassle this has been.

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DuncanCunningham
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Re: End of Lease Strategies?

Tue Sep 12, 2017 9:01 am

sts9fan wrote:Does anyone have information on dealers that will work with you via phone for end of lease? The local guys in Boston have been very unhelpful and don't seem to want the business. They seem to think that Nissan has to tell me the incentives and Nissan tells me its the dealer.
I want to buy my 2014 SL if they off a bit of incentive. Otherwise I have to turn it in. I can't believe how much of a hassle this has been.


You can always try this guy. He is willing to work with people out of state but at some piont he had to handle the worst of us and stopped for a while. he might still be up for it. He is not a BS'er. he will tell you the deals he is allowed to offer. once you get the numbers, decide if you want him to process it and go with it.

His name is Todd Grace and his number is 801-693-7118 and he works out of the Jerry Seiner Nissan Dealership in North Salt Lake in Utah (801) 683-0293. Send him your VIN number and how long the lease is (or was), mileage of the car, color etc.

Ask him what he needs to get the numbers and what he'll need from you to process the deal once you are ready. Let him present you with the deal. Think about the deal. Decide if it's going to work out for you and just do it. He probably has dates when the deals start and end. Good luck.

he's helped a number of people on this forum and some of us have been a rigmarole to deal with, so that might be why he might not entertain you.. so be nice with him. he's not a typical car sales guy.
Statler: Wake up you old fool. You slept through the show.
Waldorf: Who's a fool? You watched it.

2015 Leaf S (leased until May 2018, Bought out in Jan 2017)
2012 Leaf SL (purchased May 2015)

sts9fan
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Joined: Tue Sep 12, 2017 8:45 am
Delivery Date: 12 Sep 2017

Re: End of Lease Strategies?

Wed Sep 13, 2017 5:36 am

I had already contacted him. Unfortunately they no longer do Nissan.

sts9fan
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Re: End of Lease Strategies?

Wed Sep 13, 2017 6:14 am

Does anyone know how to find out the incentives without a dealer?

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DuncanCunningham
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Re: End of Lease Strategies?

Wed Sep 13, 2017 6:20 am

sts9fan wrote:I had already contacted him. Unfortunately they no longer do Nissan.

Really? Shoot. I'd better check into that. I wonder if we'll lose the fast DC station there.

Was Todd able to answer you?
Statler: Wake up you old fool. You slept through the show.
Waldorf: Who's a fool? You watched it.

2015 Leaf S (leased until May 2018, Bought out in Jan 2017)
2012 Leaf SL (purchased May 2015)

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DuncanCunningham
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Re: End of Lease Strategies?

Wed Sep 13, 2017 6:22 am

sts9fan wrote:Does anyone know how to find out the incentives without a dealer?

The deals are now dealership incentives. The part if Nissan who you leased from will not work with you directly.
Statler: Wake up you old fool. You slept through the show.
Waldorf: Who's a fool? You watched it.

2015 Leaf S (leased until May 2018, Bought out in Jan 2017)
2012 Leaf SL (purchased May 2015)

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