DaveinOlyWA
Gold Member
Posts: 12244
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 Jun 10, 2017 9:33 am

Katera wrote:Wow, what a shame.

Bolt is now available in TX

Model 3 pushing forward

New Nissan Leaf announced in few months and...

They end the buyout incentive???

That is flat out incredible. They are going to get a flood of 15's back, including mine. And we were ready to buy it.

/shrug


ending? I am not seeing that. What I see is incentives not being offered until many are much closer to their lease ends. I didn't get my HUGELY discounted buyout offer until I was under 6 months left.
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 (build 10/2016)"low water marks" 26,100.2 miles.363GID Ahr 79.55Hx95.35%kwh28.1QCs227,L2's 237
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

Katera
Posts: 22
Joined: Sat Feb 04, 2017 7:49 pm
Delivery Date: 05 Feb 2017

Re: End of Lease Strategies?

Mon Jun 12, 2017 7:59 am

I am 4 months away and there is no word on incentives anymore. Crickets from Nissan. And last month the incentives dropped in half of what they were. Ah well, perhaps time to look at a used Model S.

LeftieBiker
Posts: 7205
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Mon Jun 12, 2017 2:14 pm

I'm GUESSING that when Leaf 2 is available to order, there will be large incentives again. One article even says that Nissan will extend a CPO-like warranty to lessees who buy their Leafs. If so, then I may buy mine just to resell it and turn end of lease costs into a small profit, instead, but only if I can buy it for $5k.
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.

Booster86
Posts: 8
Joined: Mon Jul 28, 2014 5:12 pm
Location: Chicago, IL

Re: End of Lease Strategies?

Tue Jun 13, 2017 7:29 am

Thanks to everyone who has posted on this thread - it's been chock full of information and very much appreciated.

I wanted to provide some information that I learned this morning after speaking with NMAC regarding the lease on our
2015 SL which is due to be returned on September 1, 2017.

She told us that NMAC is currently offering a 6 month extension, with 3 months free, putting us out to March 1, 2018 for the return.

I asked about the buyout incentives and she said that those are only offered through the dealers now. NMAC stopped doing them at the beginning of the year. She said that those are offered from Nissan USA and they're going through the dealers instead of NMAC.

We're still undecided about what to do. I would like to buy our car, but obviously not for the residual amount listed on the lease. We're in Chicago and the range drop when using either the heater or air is manageable since we had installed our own charger. The convenience of the garage charger has been fantastic. I'd like to keep the car to turn over to our daughter in a few years, especially since it's a great city car.

VegasBrad
Vendor
Posts: 58
Joined: Fri Sep 12, 2014 4:39 pm
Delivery Date: 23 Jun 2014
Leaf Number: 425627
Location: Las Vegas

Re: End of Lease Strategies?

Tue Jun 13, 2017 1:46 pm

I thought I would share my current endeavors in purchasing my 2013 LEAF model S in hopes this may help others in our community. So far it has been a frustrating experience. I contacted a few dealers and received drastically different responses. Henderson Nissan of Las Vegas insisted that there was no GPO incentive, I asked the sales person several times and he said that is the word straight from NMAC. Roland from United Nissan Las Vegas offered a $5,697 reduction, plus tax's and fees of $500, he said the dealer is not making any profit on it.

My last quote was from Planet Nissan of Las Vegas and they offered a $6,500 reduction
$12,174.66 + $300 mandatory end of lease inspection + tax $1029.16 (8.25%) =$13,503.82
plus smog (fought to have removed) and title approx $40 + $500 dealer fee for their work in processing the deal =$14,048.82
minus $6500 GPO incentive = $7548.82

bare in mind I had a very high monthly payment of $498, so a $12,174.66 lease residual sounds low but I paid my way there.

I called NMAC this morning and inquired as to whether different dealers are offered different incentives and she said she didn't have that information I asked what their current GPO incentive is and she said NMAC has not given her that information she doesn't have it, she said that you must go through a dealer to make the purchase, ( I already knew that). every question was answered with "I don't have that information" I explained to her that we have a large LEAF community here and we want to make sure that the dealers are not withholding money. I was quoted $500 for paperwork from Planet Nissan and I understand they need to be in business too, I think that is plenty for them. There is no way to verify if that $6,500 is the full amount or not. I was promised a call from her supervisor "Mike" today.

I hope this info is useful.
2013 Nissan LEAF S Blue Ocean
Custom plates: GAS SUX

I love electronics and build custom EV Charging Stations
Check out my PDF with all the different options:
https://www.dropbox.com/s/hc6ei1dkkqwbiwz/BSAelectronics%20EVSE%20flyer.pdf?dl=0

Katera
Posts: 22
Joined: Sat Feb 04, 2017 7:49 pm
Delivery Date: 05 Feb 2017

Re: End of Lease Strategies?

Tue Jun 13, 2017 4:28 pm

^^^ Helpful thanks!

Still nothing from my dealers. lol soooo unorganized!

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

Re: End of Lease Strategies?

Tue Jun 13, 2017 5:35 pm

My local dealer still says “Nissan System doesn’t show any incentives yet for June”....

jkang
Posts: 2
Joined: Fri Jun 12, 2015 6:02 pm
Delivery Date: 13 Jun 2015

Re: End of Lease Strategies?

Tue Jun 13, 2017 8:35 pm

recmob wrote:I am reluctant to post anything about my experience, but I just don't see as if I have much choice. I wish I could say this was all wrapped up in a week. I started discussions on purchasing my lease on 4/17/17. Between 4/17 and 4/26 we had excellent communication, the deal was struck. I arranged financing, signed the paperwork and got it back you. On 5/1 I inquired as to if the dealership received the paperwork, and it was acknowledged they had:

"We did receive your packet. You should be receiving your copies in the mail this week at the earliest, if not next week."

On 5/12, I sent the following message:

"I need you to look into this. Its now the 14th, I have NOT received anything from the dealership (or Nissan for that matter) that says I own the car. Certainly makes me nervous about this, as if I'd worked with a local dealer I would have walked out copies of my paperwork. I have nothing to show that I own it - and I've already received my payment schedule / coupons from the bank on the financing."

And received the following reply:

"I have forwarded your email to several managers to get to the bottom of this. I apologize for any inconvenience."

As of today (6/2/17), I have YET to have heard from anyone at this dealership as to what is going on. No calls, no emails, and no paperwork has been received. My birthday is in less then a week, and I don't have the new registration yet either.

If this is normally how things go, one should be told what to expect up front. Communication is key, and this dealership clearly lacks it! In fact the only communication I received (after submitting through the dealer contact form online), was a call asking if I'd been contacted buy a salesman regarding the vehicle I was interested in purchasing!

If I ran my business in this matter, I would be out of business pretty quickly.

Love the car. 55,000 miles on it, 1 bar lost at 48,000 miles. In Florida, car is kept outside year round. I travel the interstate to work (44 miles) one way, and charge at work. At 2 1/2 yrs into driving it, I still arrive at work with 47% charge left.


brianpmcintosh wrote:Happy May!

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


I worked with Brian and got $6400 off my MY14/3YR through Crown Nissan of Greenville in May. It was all done via Fedex and notary; but when I got all the forms to sign, Brian left the dealership and didn't return any of my calls or texts. I can't in good conscience recommend him, because of the lack of follow-through. Luckily, the finance person, Cindy, walked me through it and I paid via cashier check. I'm currently waiting on the title to arrive, unless they took me for a ride.

AlanSqB
Posts: 317
Joined: Mon Aug 04, 2014 5:33 pm
Delivery Date: 26 Jul 2014
Leaf Number: 300613
Location: Fort Collins, CO

Re: End of Lease Strategies?

Wed Jun 14, 2017 4:15 pm

I'm right on the cusp of calling for the lease extension. My return date is 7/25 so I know that I need to get the process rolling pretty soon. I'd really rather just buy the thing outright, but it seems like the residual reduction has completely evaporated and the local stealerships are playing around not wanting to give any answers. I was thinking that a 6 month extension would give me that much longer to possibly get a better buyout deal as well as helping me to hold on until my Model 3 is ready (if I decide to go that way). I'm setting a deadline of Monday to decide.

The dealers around here are still playing stupid tricks with the numbers on new units, quoting prices that include the Fed/State rebates without clearly stating so. There's no way a LEAF is worth $15k after $7.5k from, $5k from the state and $10k from the local power company, but that's the "Deal" they're shilling now.

This whole process just drives home my belief that stealerships should go the way of bookstores and (soon to be) gas stations.
2015 LEAF SV in Gunmetal Gray
"The only gas in this vehicle comes from the driver."
I drive a LEAF, it doesn't have Ludicrous or Insane mode. It only has Slightly Annoyed mode.

DaveinOlyWA
Gold Member
Posts: 12244
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?

Thu Jun 15, 2017 9:13 am

AlanSqB wrote:I'm right on the cusp of calling for the lease extension. My return date is 7/25 so I know that I need to get the process rolling pretty soon. I'd really rather just buy the thing outright, but it seems like the residual reduction has completely evaporated and the local stealerships are playing around not wanting to give any answers. I was thinking that a 6 month extension would give me that much longer to possibly get a better buyout deal as well as helping me to hold on until my Model 3 is ready (if I decide to go that way). I'm setting a deadline of Monday to decide.

The dealers around here are still playing stupid tricks with the numbers on new units, quoting prices that include the Fed/State rebates without clearly stating so. There's no way a LEAF is worth $15k after $7.5k from, $5k from the state and $10k from the local power company, but that's the "Deal" they're shilling now.

This whole process just drives home my belief that stealerships should go the way of bookstores and (soon to be) gas stations.


Shop around. you DO NOT have to buy from the dealership you leased from. It is apparent that Nissan as a perk has transferred the negotiations to the dealers so they are taking their cut from your discount. I am pretty sure the whole process can be done by phone/email
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 (build 10/2016)"low water marks" 26,100.2 miles.363GID Ahr 79.55Hx95.35%kwh28.1QCs227,L2's 237
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

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