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Re: End of Lease Strategies?

Posted: Sat Jul 15, 2017 1:02 pm
by Katera
Ok my wife and I made the choice to take the 6 month lease extension with 3 of the months being "FREE". Honestly, we love our little Leaf and were just not quite ready to part with it. This gives us 6 more months to:

1.) See if the new 2018 Leaf is worth paying full price for, because you KNOW that's what they gonna charge.

or

2.) 6 more months to see if the big "buy out" incentives come back. For the record, Nissan finance who is setting up the extension said we could still buy out our leaf at any time if the big incentives come back. Honestly, this is a no brainer.

:D

Re: End of Lease Strategies?

Posted: Sat Jul 15, 2017 3:08 pm
by AlanSqB
Same. Best case the incentives kick back in and I get a great deal on an extra car. Worst case, I get to keep my Leaf, which I still like, until my Model 3 is delivered.

Re: End of Lease Strategies?

Posted: Sun Jul 16, 2017 6:26 am
by DaveinOlyWA
Katera wrote:Ok my wife and I made the choice to take the 6 month lease extension with 3 of the months being "FREE". Honestly, we love our little Leaf and were just not quite ready to part with it. This gives us 6 more months to:

1.) See if the new 2018 Leaf is worth paying full price for, because you KNOW that's what they gonna charge.

or

2.) 6 more months to see if the big "buy out" incentives come back. For the record, Nissan finance who is setting up the extension said we could still buy out our leaf at any time if the big incentives come back. Honestly, this is a no brainer.

:D


I am willing to bet you that incentives will still be available so the only question is how much money are you willing to lose?

Re: End of Lease Strategies?

Posted: Sun Jul 16, 2017 8:24 am
by AlanSqB
Even with the opportunity to get a new Leaf for about what I owe on my current one, I just couldn't. I really like the seat heaters , steering wheel heaters, the seat fabric and all the other touches that are now gone from the SV. I looked at a S and it is just too basic. I don't want to pay for the SL and the base SV trim has been gutted.

I may still buy a new one in a few months as I'm guessing the floor is going to fall out once the official announcement for the '18 is made. If I can get the SV with the extra trim package for a good deal I would jump on it. 30KW would be plenty even for my regional commutes and would be a great second car. Plus, I'm still a Leaf fan. So much fun and so practical.

Re: End of Lease Strategies?

Posted: Mon Jul 17, 2017 9:48 am
by Katera
DaveinOlyWA wrote:
Katera wrote:Ok my wife and I made the choice to take the 6 month lease extension with 3 of the months being "FREE". Honestly, we love our little Leaf and were just not quite ready to part with it. This gives us 6 more months to:

1.) See if the new 2018 Leaf is worth paying full price for, because you KNOW that's what they gonna charge.

or

2.) 6 more months to see if the big "buy out" incentives come back. For the record, Nissan finance who is setting up the extension said we could still buy out our leaf at any time if the big incentives come back. Honestly, this is a no brainer.

:D


I am willing to bet you that incentives will still be available so the only question is how much money are you willing to lose?





I'm not sure what you mean. We will not buy our leaf out at the end of the 6 month extension unless there are BIG incentives that come back. But it gives us another 6 months of lease for the price of 3. That's a no brainer.

Re: End of Lease Strategies?

Posted: Mon Jul 17, 2017 7:04 pm
by DaveinOlyWA
Katera wrote:
DaveinOlyWA wrote:
Katera wrote:Ok my wife and I made the choice to take the 6 month lease extension with 3 of the months being "FREE". Honestly, we love our little Leaf and were just not quite ready to part with it. This gives us 6 more months to:

1.) See if the new 2018 Leaf is worth paying full price for, because you KNOW that's what they gonna charge.

or

2.) 6 more months to see if the big "buy out" incentives come back. For the record, Nissan finance who is setting up the extension said we could still buy out our leaf at any time if the big incentives come back. Honestly, this is a no brainer.

:D


I am willing to bet you that incentives will still be available so the only question is how much money are you willing to lose?





I'm not sure what you mean. We will not buy our leaf out at the end of the 6 month extension unless there are BIG incentives that come back. But it gives us another 6 months of lease for the price of 3. That's a no brainer.


seems pretty straightforward to me. You stated a 2018 would only be available at full price and I contend there will still be discounts.

Re: End of Lease Strategies?

Posted: Sat Jul 29, 2017 11:00 am
by KRT
DaveinOlyWA wrote:
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?


Sorry if this is a basic question... but in looking at my lease extension paperwork, I don't see where they give you any extra miles. I saw one post that implied that you receive more miles basically at the same rate as the original lease. I have a 15k/year lease, so does that mean I receive an extra 1,250/mo. in mileage credit with my extension?

I have to execute the paperwork today as I put this off to the last minute and the NAMC Finance number is off for the weekend.
thx!

Re: End of Lease Strategies?

Posted: Sat Jul 29, 2017 11:04 am
by KRT
Also, has anyone faxed in the paperwork? with all of the trouble with the mail people seem to have (and I am last minute), I am thinking of going that route. thanks!

Re: End of Lease Strategies?

Posted: Sat Jul 29, 2017 11:48 am
by LeftieBiker
I was told I could fax it, but that was an unusual circumstance.

You do indeed get additional miles at the original lease rate. It's implied in the "extension."

Re: End of Lease Strategies?

Posted: Sun Jul 30, 2017 5:05 pm
by DaveinOlyWA
KRT wrote:
DaveinOlyWA wrote:
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?


Sorry if this is a basic question... but in looking at my lease extension paperwork, I don't see where they give you any extra miles. I saw one post that implied that you receive more miles basically at the same rate as the original lease. I have a 15k/year lease, so does that mean I receive an extra 1,250/mo. in mileage credit with my extension?

I have to execute the paperwork today as I put this off to the last minute and the NAMC Finance number is off for the weekend.
thx!


u r correct. its an extra prorated mileage allowance based on the terms of your original lease.