LeafieGreens
Posts: 5
Joined: Mon Dec 08, 2014 2:37 pm
Location: Seattle, WA

Re: End of Lease Strategies?

Mon Aug 28, 2017 7:45 am

I just discovered this thread... How long has Nissan been offering multi-thousand dollar incentives for folks to buy out their leases? Is this trend expected to continue? I know it couldn't be counted on 100%, but that might factor into my decision on whether to buy a 2017 now vs lease a 2017 for two years, then buy it out.

Get out your crystal balls!

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DuncanCunningham
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Joined: Thu Mar 26, 2015 10:02 am
Delivery Date: 15 Apr 2015
Location: Bountiful, UT

Re: End of Lease Strategies?

Mon Aug 28, 2017 7:52 am

if you buy.. you pay the price on the ticket... if you lease, you have the possibility that they might offer a discount to you.. they might. I'm glad I went with a lease. had I purchased it I would have paid $8000 more for the car. see my experience on pages 99-103 of this thread.. i think. there abouts.
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)

Dooglas
Posts: 176
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?

Mon Aug 28, 2017 5:12 pm

LeafieGreens wrote:I just discovered this thread... How long has Nissan been offering multi-thousand dollar incentives for folks to buy out their leases? Is this trend expected to continue? I know it couldn't be counted on 100%, but that might factor into my decision on whether to buy a 2017 now vs lease a 2017 for two years, then buy it out.

What you are really asking is for how long will it be in Nissan's advantage to do so. Remember, the alternative is for you to turn the car in to them and they resell it. If resale value of 2 to 3 year old LEAFs remains substantially below the contract residual of lease return cars, it will continue to be in their interest to offer a several thousand dollar incentive. The new vehicles coming onto the market right now including the LEAF 2 can do nothing but drive the value of a used LEAF lower in my opinion. In other words, I expect the incentives to continue.
2013 Leaf SV - lease ended, 2016 Leaf S30

LeafieGreens
Posts: 5
Joined: Mon Dec 08, 2014 2:37 pm
Location: Seattle, WA

Re: End of Lease Strategies?

Wed Aug 30, 2017 7:43 am

Thanks for sharing your opinions...I think I'll be leasing this time around.

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

Re: End of Lease Strategies?

Thu Aug 31, 2017 8:25 am

Not to mention, they just gave us 3 free months to sign a 6 month lease extension. We signed it today. It's a no brainer, not to mention the price of gas going up makes electric even better.

mykalt45
Posts: 21
Joined: Mon Jan 23, 2017 1:57 pm
Delivery Date: 23 Jan 2017

Re: End of Lease Strategies?

Wed Sep 06, 2017 7:45 am

Here's hoping now that the new Leaf was revealed we can see some movement on what they plan to do with us current leasees.

BufordLeaf2
Posts: 4
Joined: Thu Aug 31, 2017 9:55 am
Delivery Date: 15 May 2015

Re: End of Lease Strategies?

Thu Sep 07, 2017 8:49 am

I have a '15 S that I leased in May 2015. 3 years, 15k miles per year. Since I got a $5k state tax credit, I paid $5k down up front. My lease payment is only $129 a month. My lease doesn't expire until next May but I'm anxious to hear from Nissan regarding a buyout offer. Will Nissan Finance contact me themselves or will they have a dealer get in touch with me?

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

Re: End of Lease Strategies?

Sun Sep 10, 2017 8:25 am

^^^ Nissan will NOT contact you for a buyout. That is the main reason this board message thread was started. You must find a dealer and go through them which....sucks. Most are clueless as to helping you buy your Leaf. Others are stealerships and will take a large portion of your incentive to buy it for themselves. I recommend going to several dealers and finding out exactly what Nissan's incentive buyout is...and then what the dealer is offering. A few months ago it was like $4k off the residual. Last year it was $7k. I hope it goes back up to that, but who knows. For some reason this thread has been dead lately. Dunno why. Maybe guys planning on buying the new Leaf? I am going to try and buy my 15 after my 6 month extension is up. 150 miles range is just not good enough for me on the 18.

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DuncanCunningham
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Re: End of Lease Strategies?

Sun Sep 10, 2017 9:26 am

The reason this thread seems "dead" is because once you've got the lease end you were looking for, no reason to haunt it any longer.
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
Posts: 4
Joined: Thu Aug 31, 2017 9:55 am
Delivery Date: 15 May 2015

Re: End of Lease Strategies?

Mon Sep 11, 2017 9:29 am

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.

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