Hello everyone,
I am thinking about leasing a new 2016 Leaf.
Already got offers from several dealerships.
EDIT: With Nissan and NMAC, one-pay leases are available. At the same time, they do not change anything regarding a credit approval. So if one was not accepted for an appoval with a regular leasing offer, with monthly payments, then Nissan and NMAC will also not give approval to a one-pay lease. Other manufacturers and banks might do it differently. Still that's how it is with Nissan. So there is really is no advantage with Nissan/NMAC to do a one-time lease, IMO any advantage in interest is not worth the extra risk of losing the one-pay amount if the vehicle is totaled etc
EDIT: With Nissan and NMAC, there is either a $395 disposition fee, when not leasing another Nissan vehicle after the end of the term, or a $300 purchase fee, when buying the vehicle. If wanting the buy the lease out early, there is a payoff amount that consists of: remaining monthly payments (if any, there are none with a one-pay lease), $300 purchase fee and the residual (+ sales tax on the residual). The earliest point one is able to do the payoff is after the 1st payment is processed by Nissan. Not the payment that is due at signing, but the first regular payment. That first payment is due after 30 days, so that might indicate that after 1 month, one could theoretically already buy out the vehicle. There is no extra "early buyout" fee or penalty.
Maybe this information I found out might also be helpful for someone else. After all, it might be more beneficial, to lease, and then immediately buy out the vehicle, than to buy it, f.e. in case one does not want to wait to the next tax year to be able to claim the federal tax rebate, or if one is not able to claim that federal tax rebate in full etc.
I am thinking about leasing a new 2016 Leaf.
Already got offers from several dealerships.
EDIT: With Nissan and NMAC, one-pay leases are available. At the same time, they do not change anything regarding a credit approval. So if one was not accepted for an appoval with a regular leasing offer, with monthly payments, then Nissan and NMAC will also not give approval to a one-pay lease. Other manufacturers and banks might do it differently. Still that's how it is with Nissan. So there is really is no advantage with Nissan/NMAC to do a one-time lease, IMO any advantage in interest is not worth the extra risk of losing the one-pay amount if the vehicle is totaled etc
EDIT: With Nissan and NMAC, there is either a $395 disposition fee, when not leasing another Nissan vehicle after the end of the term, or a $300 purchase fee, when buying the vehicle. If wanting the buy the lease out early, there is a payoff amount that consists of: remaining monthly payments (if any, there are none with a one-pay lease), $300 purchase fee and the residual (+ sales tax on the residual). The earliest point one is able to do the payoff is after the 1st payment is processed by Nissan. Not the payment that is due at signing, but the first regular payment. That first payment is due after 30 days, so that might indicate that after 1 month, one could theoretically already buy out the vehicle. There is no extra "early buyout" fee or penalty.
Maybe this information I found out might also be helpful for someone else. After all, it might be more beneficial, to lease, and then immediately buy out the vehicle, than to buy it, f.e. in case one does not want to wait to the next tax year to be able to claim the federal tax rebate, or if one is not able to claim that federal tax rebate in full etc.
