DaveinOlyWA
Posts: 13784
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Feb 2018
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Sat Jan 05, 2019 9:58 am

LeftieBiker wrote:
Dooglas wrote:
LeftieBiker wrote:My guess - and it is only a guess, at the moment - is that the 30kwh pack, even if it does use the Lizard chemistry, suffers from heat-induced degradation more because of the more densely-packed cells.

If this speculation were true, wouldn't the effect be even more pronounced with the 40 kwh pack?


If everything were identical, yes. As I understand it, the 40kwh pack uses a slightly different chemistry. Not more heat-tolerant, but not identical. That means we have to wait and see. I think my BMS has stopped updating SOH as of December, so I get to wait for Spring...


Mine is still dropping albeit very slowly. Are you expecting a large adjustment when the weather warms? FYI; We have several days with temps in high 40's and low 50's. imm, its not cold enough for the BMS to "hibernate" but who knows, right?
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 15,000 miles, 478 GIDs, 37.0 kwh 109.81 Ahr , SOH 94.61, Hx 120.15
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

LeftieBiker
Moderator
Posts: 11785
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Sat Jan 05, 2019 2:24 pm

I'm expecting the worst, because I prefer to be pleasantly surprised if I'm going to be surprised.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

electricdinosaur
Posts: 1
Joined: Tue May 23, 2017 10:37 am
Delivery Date: 19 May 2017

Re: End of Lease Strategies?

Fri Jan 18, 2019 10:54 am

I've got a '17 leaf S30 that i took on a 2 year lease that will be up in May. Trying to decide if I should buy it out and whether any discount could still be expected.

'17 S Trim level, 30kWh battery, still has 12bars
$11,600 Residual
paid 2k down, $159/mo ($5800 over 2 years)
NMAC Payoff quote is $12,233.36 if i were to take the vehicle now (4 months early from lease termination date).

"turn in fee" will be $395, not sure yet about any "buy out fees" as i haven't talked to a dealer yet.

What do folks think?

LeftieBiker
Moderator
Posts: 11785
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Fri Jan 18, 2019 2:28 pm

That's a very good deal, in that both the payment and the residual were low, without a huge down payment. You have to decide how much you like the car, how well it serves your needs, and how well it will serve them with, say, 20% capacity loss.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

Dooglas
Posts: 277
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?

Fri Jan 18, 2019 9:32 pm

LeftieBiker wrote:That's a very good deal, in that both the payment and the residual were low, without a huge down payment. You have to decide how much you like the car, how well it serves your needs, and how well it will serve them with, say, 20% capacity loss.

I agree, and note that 30kwh X 0.80 equals 24kwh, if and when that occurs.
2013 Leaf SV - lease ended, 2016 Leaf S30 - purchased

davidintexas
Posts: 4
Joined: Thu Jul 11, 2013 5:05 am
Delivery Date: 11 Jul 2013

Re: End of Lease Strategies?

Thu Jan 31, 2019 2:29 pm

Hello, and thanks to everyone who has contributed to this very long thread. I have ready every post and learned a lot from your contributions.

We originally leased a 2012 Leaf S for $2000 down and $220 a month - two years, 24,000 miles. That lease was then extended by NMAC for an additional year with 3 months free. This same Leaf was then returned in excellent shape and any minor scratches were waived under the $500 trade in limit. A great deal you say? I agree, but it gets better.

We then drove home with 2 replacement 2016 S w/QC 24,000 miles, 2 year lease at $99/month each. I have yet to see anyone come close to this figure, essentially free cars.

We are now at the end of the lease, and mid way through a 6 month extension. I am currently in contact with about 10 dealerships to either ground both leases and walkway, or a buy out. No NMAC incentives are to be found as of yet. As affordable as these have been they are essentially disposable electric appliances, obsolete shortly after their delivery and I will part with them as quickly as I would upgrade an iPhone.

All three cars have lived out there lives in warm climates, maintaining full bars SOH. The current pair are each QC'd about three times a month and on 110 to 100% in the remainder. Zero maintenance other than tire rotations.

Residual is approximately $11,000 each. I would consider buying them out if I can find a strong incentive from NMAC. Total cost for each is easy to add up so far: $2000 down, 24+3 months at $99 = $4700. Street value is ballpark $10,000. I need at least $6000 off the balance/residual or I will have to return them.

Additionally, most dealerships have never heard of NMAC, GPO, "a grid", or incentive programs "myleaf XX". You might as well be speaking to a salesperson at Ford they are clueless.


Hope this helps everyone see more clearly how accurate the value of these vehicles really is.

MSRP - 50% (or less)

LeftieBiker
Moderator
Posts: 11785
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Thu Jan 31, 2019 2:35 pm

There is no such thing as a 2012 Leaf S. You got either the year or model wrong on that car. As for the 2016 Leafs, you don't negotiate with NMAC anymore - just the dealerships. You have to find a salesperson who is honest enough to share with you the incentive amount that NMAC is giving the dealerships this month (or more likely in February now).
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

DaveinOlyWA
Posts: 13784
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Feb 2018
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Fri Feb 01, 2019 10:43 am

LeftieBiker wrote:There is no such thing as a 2012 Leaf S. You got either the year or model wrong on that car. As for the 2016 Leafs, you don't negotiate with NMAC anymore - just the dealerships. You have to find a salesperson who is honest enough to share with you the incentive amount that NMAC is giving the dealerships this month (or more likely in February now).


Math says 2013 S at earliest but more likely a 2014 S due to terms of the deal . 2 year lease with extension to 2016 MY definitely not 2012...
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 15,000 miles, 478 GIDs, 37.0 kwh 109.81 Ahr , SOH 94.61, Hx 120.15
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

HornsKeith
Posts: 35
Joined: Sun Mar 06, 2016 1:24 pm
Delivery Date: 06 Mar 2016
Location: Hampton Roads, VA

Re: End of Lease Strategies?

Sun Mar 03, 2019 5:41 pm

HornsKeith wrote:So is it confirmed that all the gross payoff amount discounts are totally gone? Our 2015 SV lease is up next month, so that'd be lousy timing if so. At that point, it'll be a binary choice of either buying the car for the residual plus the usual fees or just turning it in. Hmmmm....

Keith


It took a while, but I did finally get around to discussing with a local dealer about this. He had to call the helpline to get a clear answer on the GPO discounts, but the answer looks to be that October 2018 was the last month of the discount.

So currently the options are contract residual or nothing (ie, turn it in).

Having said that, I think we're still going to buy out our 2015 SV for $10,760 plus the usual fees. It only has about 21k miles on it and is in fairly good shape, and my wife can likely get at least another year or two of decent use out of it.

Keith
2015 Leaf SV w/ premium

davidintexas
Posts: 4
Joined: Thu Jul 11, 2013 5:05 am
Delivery Date: 11 Jul 2013

Re: End of Lease Strategies?

Mon Mar 18, 2019 2:54 pm

Here's the best offer I can find in soCal for the current market. This would be for a 2019 S w/ the quick charge package, and floor mats and bumper protector (whatever)

MSRP $33,125
Lease Cash incentive $10,000
Leaf Loyalty incentive $1,000
24 mos, 12k mis/yr
$3750 due at signing
Mo pmt $246/mo (includes 7.75% sales tax)

Grounding a 2016 S Leaf in the process which will also nullify the disposition fee and minor charges for dings found during the inspection.

Apparently with a new VIN I can apply for another SCE EV rebate of $1000.

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