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End of Lease Strategies?

Posted: Thu May 01, 2014 5:57 am
by sonnylax
What are some of the strategies you use if you are coming off of a lease and wanting to roll into another 2-year Leaf lease?

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

Re: End of Lease Strategies?

Posted: Thu May 01, 2014 9:55 pm
by tailgate1234
sonnylax wrote:What are some of the strategies you use if you are coming off of a lease and wanting to roll into another 2-year Leaf lease?

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?


They let me extend my lease for 1 year at my current payment - which is very low, just by calling and asking. No dealer involvement.

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 8:05 am
by sonnylax
bump.

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 8:37 am
by TimLee
sonnylax wrote:
Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

Yes. They sometimes offer three month early termination but it is for certain calendar time spans.
I don't think they have it right now.
Ran out end of April IIRC.
Lots of other threads that discuss. You need to search.
Yes searching MNL is difficult.

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 8:55 am
by dm33
sonnylax wrote:bump.

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

We're not even 1yr into our 2 yr lease and we received a letter from our original dealer offering to trade us into a new lease. The letter said its a rare "opportunity" to get into a new lease waiving payments on the current lease.

At the time I thought it was the usual marketing mumbo jumbo. Probably still think so. Not sure what this dealership has/had in mind. Not sure if they were going to somehow roll the old payments into the new payments or if there really was some deal via NF.

We had a falling out with this dealership. They're referring to our 1st vehicle. It was totaled (not our fault). We tried to get a new lease from them and they quoted us 50% more for an identical replacement vehicle. They wouldn't return phone calls. Wouldn't check with NF. Meanwhile the biggest area LEAF dealership (Auto Park Nissan) spent weeks pursuing it with NF and was able to get us into a replacement LEAF while continuing our old lease. Worked out really really well for us.

Bottom line, sounds like its certainly possible to have them waive remaining payments.

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 2:11 pm
by P71VIC
tailgate1234 wrote:
sonnylax wrote:What are some of the strategies you use if you are coming off of a lease and wanting to roll into another 2-year Leaf lease?

Has anyone had any success contacting Nissan Finance a few months early to ask for (financial) help? Would NF ever waive your remaining payments a few months early, if you got another Leaf lease? How does the Nissan Loyalty rebate apply in the above scenario and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?


They let me extend my lease for 1 year at my current payment - which is very low, just by calling and asking. No dealer involvement.


I'm really interested in doing this, and I think it might be in Nissan's best interested too. My 2 year lease on a 2012 SL will end December of this year. The residual on it is something like $25k, which is at least 7K too high. I'd be willing to extend their day of reckoning on this another 1 - 2 years at current payments. Heck I'd even be ready to go somewhat higher. I have a ridiculously cheap $127/m payment.

I'll call Nissan financial this month to see what the deal is on something like this.

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 2:24 pm
by smkettner
tailgate1234 wrote:They let me extend my lease for 1 year at my current payment - which is very low, just by calling and asking. No dealer involvement.
Any adjustment to the residual?

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 2:35 pm
by TomT
I've received numerous letters like that from many dealers over the years. It is almost always simply a come-on without any merit. When you try to take them up on it is when the devil and his details rears its head...

dm33 wrote:[We're not even 1yr into our 2 yr lease and we received a letter from our original dealer offering to trade us into a new lease. The letter said its a rare "opportunity" to get into a new lease waiving payments on the current lease.

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 3:31 pm
by Turnover
Exactly. Just went through this will Alan Webb in Vancouver. A hollow promise and a waste of an afternoon. The offer was to switch to a new Leaf lease for the cost of the current lease. The final numbers were another $4K down and $199/mo payments vs the current $99 payments. More of a trust breaker than a customer perk.

Re: End of Lease Strategies?

Posted: Sun Jun 01, 2014 4:54 pm
by SteveInSeattle
I keep waiting for the most important detail!!! What does the one year extension do to the RESIDUAL?