lorenfb
Posts: 973
Joined: Tue Dec 17, 2013 10:53 pm
Delivery Date: 22 Nov 2013
Leaf Number: 416635
Location: SoCal

Re: Is NMAC still doing lease extensions?

Sun Oct 02, 2016 11:10 am

Last week I received a call with the same reduced buy-out amount.

asteele
Posts: 3
Joined: Sat Aug 14, 2010 6:48 am

Re: Is NMAC still doing lease extensions?

Tue Oct 04, 2016 12:29 pm

We are down to 2 months remaining on 36-month lease of 2013 S. So watching this thread with interest...

This morning (10/4/2016) Spoke to NMAC (by online chat) and then to a "Leaf expert" at 1800 854-3310 phone number I was given by NMAC. At this number I was told that the lease residual buydown is cancelled - or maybe set to zero for the time being. Our car had been eligible for $4,500 buydown, but that ended as of yesterday.

Asked about a lease extension - and they were able to immediately send me (via email) a one page authorization to sign and mail back for a three month extension on same terms as original. Told we may be able to request an additional three month extension later. Apparently the 12-month extension program also cancelled - at least for now.

The person I spoke to said that because of the cancellation of the residual buydowns that individual dealers may now be authorized to negotiate end of lease terms??? No idea if this is correct, and in my experience with sales staff at dealers they are often the last to know... But, if anyone finds out about this - and can recommend a dealer to get a good deal on buyout of their lease, please share!

gmikol
Posts: 105
Joined: Thu Dec 05, 2013 5:50 pm
Location: WA State

Re: Is NMAC still doing lease extensions?

Tue Oct 04, 2016 3:30 pm

Seems ridiculous that NMAC isn't offering lease buydowns anymore. They're going to have a tough time convincing anyone to buy out their lease. Looks like me, @asteele, and @houseinthewoods are all in the same boat.

I got a good deal on my '13SV 36-month lease. But residual is still ~$15k, and used '13s in this area run right around $10k. Definitely won't buy it out at that price once mine's up at the end of the year.

Good to hear that they're at least offering lease extensions, again. Need to do something to bridge until wider availability of the Bolt, since it certainly seems like Nissan isn't going to have anything to offer. The one important lesson I've learned from my 3 years of leaf ownership is that I need a car with ~140 miles EPA range to make it more universally useful. A 36-40 kWh Leaf would probably work well. Why? Mostly because I hate the hassle of having to charge en-route, and the farther-afield places I'm going don't offer any charging opportunities @ the destination.

I'm discounting the other possibility, which is that Nissan has big plans, but chose to not announce them @ Paris. But this would require some iron-clad information security procedures...otherwise I'd have to imagine that something would have leaked out. Wild speculation: Could they be planning to announce a serious Bolt competitor for immediate availability @ Detroit? How do you start assembling new packs/new cars without that info getting out?

LeftieBiker
Posts: 5119
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Is NMAC still doing lease extensions?

Tue Oct 04, 2016 3:47 pm

More likely they are going to keep offering the 30kwh Leaf until Spring, then a 40kwh until Leaf 2. I'm hoping it's more like Jan 1, but not counting on it. My last lease extension is up 6/2017.
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.

Kelangst
Posts: 72
Joined: Sun Jan 09, 2011 10:46 am

Re: Is NMAC still doing lease extensions?

Tue Oct 04, 2016 8:09 pm

Yeah my lease on my second leaf is up on 11/14/16. I was not offered any incentives, buyouts, etc, just incentives on a new Leaf, which honestly given it is really just the same car, I think means I am going to break from Nissan as my next step unfortunately. I think they did a great job with the changes between the 2011 and 2013 models and then it just feels likey fizzled. Not many great options available for those of us with leases ending between now and mid-2017.

Is a shame- I think they unfortunately really missed a great opportunity to just dominate the market. The Infiniti available today would have easily slotted in between the leaf and Tesla and would have captured a lot of those i3 sales that seem to be picking up steam. The bolt? Eh if you like that I guess, So very much missed their chance to capture and dominate the electric market like Prius did for a decade or more on hybrids.

The Mercedes is ho hum. The BMW is expensive and the styling just screams weird. Nissan you owned the market! Why leave us hanging?!

LeftieBiker
Posts: 5119
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Is NMAC still doing lease extensions?

Tue Oct 04, 2016 8:45 pm

Even just improving the 2016 Leaf could have been taken much further, cheaply. Adding a variable charge limit, fixing the dim high beams, fixing the wheel heater thermostat, and changing the plastic rear strut tower covers to allow more cargo width would have helped sales to previous Leaf drivers. As it is we look at the car and think: "More range, but I can't set it to 80% anymore, and the headlights still suck. Damn."
Last edited by LeftieBiker on Tue Oct 04, 2016 10:16 pm, edited 1 time 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.

Kelangst
Posts: 72
Joined: Sun Jan 09, 2011 10:46 am

Re: Is NMAC still doing lease extensions?

Tue Oct 04, 2016 9:25 pm

I am just so sad. I had one of the first 20 in the US. Six years in a Leaf and really I do so appreciate what it took to get to this point. And absolutely agree with you- very minor changes and I would have been right back into the car again. For me, it is hard to see all of the innovation happening at other companies and we got nothing. I mean very simple styling changes even would have opened the door to staying. How about giving me an option for real sustainable wood instead of plastic detailing inside, or other sustainable materials in the car? Even some minor styling changes. I just can't bring myself to buy the nearly identical look for another 3 years. Ugh the horrible headlights staring at me for more years. At the same available driving distance. Something...anything...to engage me in the vehicle and I would never leave. But drove a 4 year old model S today and for not much more it is really a tremendous upgrade.

Have to say the look and feel of the concept car from the Japanese site and I definitely would have been hugely sucked in even for significantly more money.

It is really the combination that causes me to leave- no communication of future, no break on the end of lease, no change in the existing car, and no accommodation for a bridge to the next model, honestly I might even have stayed if they would have honored the deal to buy the car for its current market value of $9500. Oh well. Very sad.

LeftieBiker
Posts: 5119
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Is NMAC still doing lease extensions?

Tue Oct 04, 2016 10:15 pm

Speaking of headlights: they really, really, should have improved the high beams! I don't hate the look of the lights, although others do, but those dim high beams are borderline criminal. I'll edit my post.
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.

User avatar
jlv
Posts: 323
Joined: Thu Apr 24, 2014 6:08 pm
Delivery Date: 30 Apr 2014
Leaf Number: 424487
Location: Massachusetts

Re: Is NMAC still doing lease extensions?

Wed Oct 05, 2016 8:41 am

gmikol wrote:Seems ridiculous that NMAC isn't offering lease buydowns anymore. They're going to have a tough time convincing anyone to buy out their lease. Looks like me, @asteele, and @houseinthewoods are all in the same boat.
Me too. My lease ends in 7 months and my residual is far more than used would cost.
'13 SL+Prem leased new 4/14
Model S on order. Model 3 reservation. Likelihood to buy a Leaf II: not so good.

LeftieBiker
Posts: 5119
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: Is NMAC still doing lease extensions?

Wed Oct 05, 2016 11:31 am

There has been talk (and only that, AFAIK) of negotiating with your local dealer for them to buy your car at auction and then resell it to you as CPO. maybe now they could buy it directly from NMAC.
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.

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