Iubball
Posts: 10
Joined: Tue Jan 03, 2017 3:22 pm
Delivery Date: 21 Apr 2014

Re: End of Lease Strategies?

Tue Jan 03, 2017 3:40 pm

I just visited my purchasing dealer for my 2014 Leaf on lease expiring 4/17. Asked about residual discounts, etc. Was told that Nissan wasn't offering any discounts on the 2014's, as they knew that the residuals were way off for the 12's & 13's. He knew that the 14's value was off as well, but said that NMAC wasn't offering anything off as of yet.

kkb
Posts: 9
Joined: Thu Oct 06, 2016 8:31 am
Delivery Date: 29 Dec 2014

Re: End of Lease Strategies?

Tue Jan 03, 2017 4:21 pm

pasadenaleaf wrote:I have a lease on a 2014 that's ending in April 2017.

I tried calling a few Nissan dealerships to buy out the lease and they told me there's no discounts ($144xx + fees) They told me the discounts are only available on the 2013 model. Is that true?


Don"t know about 2014, but there were big discounts on 2015 models in December.

pasadenaleaf
Posts: 10
Joined: Tue Jan 03, 2017 1:41 pm
Delivery Date: 03 Jan 2017

Re: End of Lease Strategies?

Tue Jan 03, 2017 4:29 pm

the dealership tried to sell me a 2013 with 18k miles for $9800 + fee instead. A lot cheaper than the $144xx lease buy out. I am hoping to get the lease buyout at $7-8k.

sendler2112
Posts: 216
Joined: Wed Jan 06, 2016 5:05 pm
Delivery Date: 07 Jan 2016
Location: Syracuse, NY USA

Re: End of Lease Strategies?

Tue Jan 03, 2017 4:37 pm

Keep trying between now and then. 2013's are all over ebay right now for $8,500 and the pricing is going down as the number of turn ins goes up. March 2014 was the biggest selling month ever for the Leaf which means it will also be the biggest turn in month in 2017 ever. Auction pricing in April and May will hit rock bottom on any turn in with over 36,000 where I expect the retail price to be below $8,000.

pasadenaleaf
Posts: 10
Joined: Tue Jan 03, 2017 1:41 pm
Delivery Date: 03 Jan 2017

Re: End of Lease Strategies?

Tue Jan 03, 2017 4:45 pm

sendler2112 wrote:Keep trying between now and then. 2013's are all over ebay right now for $8,500 and the pricing is going down as the number of turn ins goes up. March 2014 was the biggest selling month ever for the Leaf which means it will also be the biggest turn in month in 2017 ever. Auction pricing in April and May will hit rock bottom on any turn in with over 36,000 where I expect the retail price to be below $8,000.


If i have around 28k miles, should I try hard to get to 36000 between now and April??? Would that help with anything?

sendler2112
Posts: 216
Joined: Wed Jan 06, 2016 5:05 pm
Delivery Date: 07 Jan 2016
Location: Syracuse, NY USA

Re: End of Lease Strategies?

Tue Jan 03, 2017 5:10 pm

Any car is worth less if it is out of the factory warranty even by 1 mile. But in your case The dealers will no doubt be stubborn and over confident. So you will probably just end up turning that car in and buying a different one from the corner lot off of craigslist for $8000 while the dealer tells you the best they can do on yours is $13000. And then Nissan will get stuck with it, send it to the auction, where the used car guy will buy it for $5000 all day long with many to choose from, and sell it to me for $8000. The dealer loses. You lose because you wanted your own car. Nissan takes a bath. The used car guy makes more money than a new car dealer on ever car he sells. And we both end up with a nice off lease 2014 Leaf with 37000 miles for $8000.

Iubball
Posts: 10
Joined: Tue Jan 03, 2017 3:22 pm
Delivery Date: 21 Apr 2014

Re: End of Lease Strategies?

Tue Jan 03, 2017 5:46 pm

I agree that the over confidence of the dealers and NMAC is frustrating. If a decent offer was given, we would buy our car out today. As it stands, I went into a Chevy dealership today and placed a non binding / no deposit required order on a Bolt. Dealership said that they would have no problem selling if I didn't want it. Figure if I am getting a new car, I am going to get one with more range and some of the extras (dynamic cruise, collision alert, etc) that Leaf isn't currently offering.

LeftieBiker
Posts: 7333
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Tue Jan 03, 2017 5:58 pm

Are you thinking of buying a Bolt or leasing? Because if the latter, you should know that GM is making it unworkable to buy a Bolt off-lease. They are keeping $5k of the Federal tax credit, giving you $2500 for the lease, and inflating the residual by $5k, supposedly to save you money on the lease. The leases, though, will start at over $300 and top out at over $500, with astronomical residuals. 58%, IIRC. I'm pretty disgusted.
Last edited by LeftieBiker on Tue Jan 03, 2017 10:16 pm, edited 2 times in total.
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.

Iubball
Posts: 10
Joined: Tue Jan 03, 2017 3:22 pm
Delivery Date: 21 Apr 2014

Re: End of Lease Strategies?

Tue Jan 03, 2017 6:34 pm

Waiting for their numbers to come in. Probably looking at buying, as we normally keep cars for 10 years. This was our first lease. Dealership didn't even have the lease numbers yet, as deliveries have only been West Coast so far. I made it clear that the 2017 Leaf would be a competitor and that pricing would play a large factor in my overall decision.

sendler2112
Posts: 216
Joined: Wed Jan 06, 2016 5:05 pm
Delivery Date: 07 Jan 2016
Location: Syracuse, NY USA

Re: End of Lease Strategies?

Tue Jan 03, 2017 6:45 pm

Why spend $37,000 on a Bolt if you are happy with your Leaf? You can buy a 2013 (or 2014 if you wait until March) Leaf with 37,000 miles for $9,000. Drive it for 4 more years. Spend $6,500 for a new battery, and drive it for another 7 years and have $15,000 into it. Check ebay. They are everywhere. And will get more plentifull as we head into 2017.

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