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Re: End of Lease Strategies?

Posted: Wed Jun 28, 2017 7:14 pm
by Katera
^^^ Exactly. My residual even after the $4k off is more then what the car is worth with the stiff Leaf depreciation. Hope the incentive goes back up. I would love to keep it....but not at a loss.

Re: End of Lease Strategies?

Posted: Thu Jun 29, 2017 5:14 pm
by mykalt45
So I received my lease extension paperwork today. Trying to think about the motivation for Nissan to give 3 months free. Have to imagine most folks are doing this. Do they really think the new Leaf will entice us to convert, or is it just a way to keep Leafs off the lot?

Re: End of Lease Strategies?

Posted: Fri Jun 30, 2017 12:39 am
by LeftieBiker
mykalt45 wrote:So I received my lease extension paperwork today. Trying to think about the motivation for Nissan to give 3 months free. Have to imagine most folks are doing this. Do they really think the new Leaf will entice us to convert, or is it just a way to keep Leafs off the lot?


Both.

Re: End of Lease Strategies?

Posted: Fri Jun 30, 2017 6:11 am
by DaveinOlyWA
mykalt45 wrote:So I received my lease extension paperwork today. Trying to think about the motivation for Nissan to give 3 months free. Have to imagine most folks are doing this. Do they really think the new Leaf will entice us to convert, or is it just a way to keep Leafs off the lot?


Because its really really stupid to lose a customer based on a few months of bad timing. Not sure how anyone could not understand this. They have already made up that 3 months free they are giving you so its not like its costing them anything to do it for a chance at a sale.

You should examine what dealerships spend on promos to bring in customers. Have a famous sports figure come to sign autographs at your local dealership? You would be shocked to find out how much the dealership pays for that.

Re: End of Lease Strategies?

Posted: Fri Jul 07, 2017 2:34 pm
by fishmonster5
I'm looking to trade in my 2015 Leaf S this weekend as the lease is up after 3 years. I'm being quoted $149/month for 24 months with $0 down on a 2017 Leaf S in the Seattle market. I am checking on the annual miles but I had 15k on my last lease and used 8k/year.

Is this comparable to others offers? Tell me if it's not a good deal I've been putting this shopping around off too long!

Re: End of Lease Strategies?

Posted: Fri Jul 07, 2017 2:37 pm
by DuncanCunningham
fishmonster5 wrote:I'm looking to trade in my 2015 Leaf S this weekend as the lease is up after 3 years. I'm being quoted $149/month for 24 months with $0 down on a 2017 Leaf S in the Seattle market. I am checking on the annual miles but I had 15k on my last lease and used 8k/year.

Is this comparable to others offers? Tell me if it's not a good deal I've been putting this shopping around off too long!


I think that is a great deal. I'd take it, but I live in Utah. We still run cars on wood and built houses out of the bodies of our enemies over here so EV market is low, thus zero down means $300 per month here.

Re: End of Lease Strategies?

Posted: Fri Jul 07, 2017 4:15 pm
by Pauafunk
Hello to all. Nissan has tweaked the GPO program for those wishing to buy out their Leaf leases. Its a little complicated as the buyout incentive is now tied to trim level. I am happy to offer no obligation quotes as I have done in the past. Looking at the deal most folks should have equity in their Leases if they choose to sell the car based on current values. Obviously some markets are stronger than others. Take a look at comps (what vehicles are advertised for in your local market), NADA book values Vs what you can buy the Leaf for.
I have seen people turn down offers where they are able to secure $3k profit by buying out their lease and selling the car because they are waiting for the massive GPO numbers to come back which in my opinion will not.

Email Todd.Grace@jerryseiner.com

Please include:

Year and trim level of your Leaf
VIN
Term of Lease

I will respond with a buyout quote within 48 hours.

Happy charging!
Todd Grace.

Re: End of Lease Strategies?

Posted: Fri Jul 07, 2017 5:40 pm
by mykalt45
So completed my Leaf extension. Just curious how it went for others. I see that my maturity date has been adjusted, but it shows I owe for August, but my buyout has changed significantly. How did the 3 months show up for you guys? Thanks.

Re: End of Lease Strategies?

Posted: Fri Jul 07, 2017 7:18 pm
by DaveinOlyWA
fishmonster5 wrote:I'm looking to trade in my 2015 Leaf S this weekend as the lease is up after 3 years. I'm being quoted $149/month for 24 months with $0 down on a 2017 Leaf S in the Seattle market. I am checking on the annual miles but I had 15k on my last lease and used 8k/year.

Is this comparable to others offers? Tell me if it's not a good deal I've been putting this shopping around off too long!


Be warned; that extra range almost forces you to drive more.... :)

Re: End of Lease Strategies?

Posted: Fri Jul 07, 2017 10:41 pm
by fishmonster5
You're right I guess the range would allow further trips since I bus to work not sure it will increase too much. For those in the Seattle market how does $150/month sound?