swhang
Posts: 7
Joined: Thu Apr 27, 2017 6:45 am
Delivery Date: 27 Jun 2015

Re: New MY18 Leaf Lease Extension program

Wed Jun 21, 2017 5:59 am

My lease was to mature June 27th, 2017.

May 25th, 2017. I sent in my paperwork for the lease extension with certified USPS mail.
June 1, 2017. They received the paperwork and updated my account and gave me a credit equivalent of 3 months.
Sept 27, 2017. My account says that's when the next pmt is due.
March 27, 2018. The extended lease maturity date.

I know I can turn in my Leaf as early as Jan 27, 2018 and get keep the credit without any fees.

All of these factors give me plenty of wiggle room. I think the Tesla Model 3 will be in my hands by Q1 of 2018. I put my $1,000 payment to reserve it on day 1 the preorders were possible. I'm in the low 100,000s queue, but live in Atlanta.

Also, it'll give me time to see if the new Leaf that will be unveiled in September will be good enough to tempt me away from the Model 3!

LeftieBiker
Posts: 6953
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: New MY18 Leaf Lease Extension program

Thu Jun 22, 2017 10:14 pm

IT FINALLY WENT THROUGH!!! My new lease maturity date is 6/2/2018, and I don't owe another payment until this November. Talk about pulling teeth...
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.

kurisleaf
Posts: 1
Joined: Mon Aug 14, 2017 7:44 am
Delivery Date: 14 Aug 2017
Leaf Number: 318928

Re: New MY18 Leaf Lease Extension program

Mon Aug 14, 2017 7:54 am

Newbie here. Jointed because I just got the paperwork for the lease extension. My lease ends at the end of the year, so this is almost too good of a deal to be true -- 3 extra months for free (well, taxes excepted).

So, what are the downsides? Here's my analysis?

* No obligation to buy or lease a new Leaf
* Early termination penalty ceases in September (6 months from end of Mar 2018), and we're almost there.
* Prorated miles
* Residual continues to decrease (just called and verified)

Only true downsides I can think of:

* You have to register your car one more year (significant in CA) for 3 months of use
* Extra wear and tear could force a higher end of lease charge (maybe those tires would have passed, but the extra 3 months of driving forces you to buy new tires).


Anyone have other downsides to this offer?

User avatar
Nubo
Posts: 4418
Joined: Fri May 28, 2010 11:01 am
Delivery Date: 31 Oct 2014
Location: Vallejo, CA

Re: New MY18 Leaf Lease Extension program

Fri Aug 18, 2017 11:30 pm

kurisleaf wrote:Newbie here. Jointed because I just got the paperwork for the lease extension. My lease ends at the end of the year, so this is almost too good of a deal to be true -- 3 extra months for free (well, taxes excepted).

So, what are the downsides? Here's my analysis?

* No obligation to buy or lease a new Leaf
* Early termination penalty ceases in September (6 months from end of Mar 2018), and we're almost there.
* Prorated miles
* Residual continues to decrease (just called and verified)

Only true downsides I can think of:

* You have to register your car one more year (significant in CA) for 3 months of use
* Extra wear and tear could force a higher end of lease charge (maybe those tires would have passed, but the extra 3 months of driving forces you to buy new tires).


Anyone have other downsides to this offer?


Off-warranty repairs?
I noticed you're still working with polymers.

noanalyst
Posts: 8
Joined: Sun Aug 20, 2017 6:24 pm
Delivery Date: 21 Aug 2017

Re: New MY18 Leaf Lease Extension program

Sun Aug 20, 2017 6:29 pm

Off-warranty repairs? How is that possible? I thought if they offered a lease extension, the warranty is extended as well. Would appreciate quick thoughts as I have to make a decision in a couple of days. Thanks

LeftieBiker
Posts: 6953
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: New MY18 Leaf Lease Extension program

Sun Aug 20, 2017 6:43 pm

noanalyst wrote:Off-warranty repairs? How is that possible? I thought if they offered a lease extension, the warranty is extended as well. Would appreciate quick thoughts as I have to make a decision in a couple of days. Thanks


The warranty is NOT extended with the lease. The lease and the warranty are two separate agreements. Some of us bought extended warranties from Jim Bone Nissan (?) but mine has expired. All you'll have is the 5 year powertrain warranty.
Last edited by LeftieBiker on Sun Aug 20, 2017 9:38 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.

noanalyst
Posts: 8
Joined: Sun Aug 20, 2017 6:24 pm
Delivery Date: 21 Aug 2017

Re: New MY18 Leaf Lease Extension program

Sun Aug 20, 2017 9:31 pm

Really!! What is the point of extending my lease if you will not extend the warranty. The whole point of a lease is not to deal with any car repairs.

Thanks for this information. Will go to the dealer tomorrow. If I can't extend the warranty in some way, will just pass.

LeftieBiker
Posts: 6953
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: New MY18 Leaf Lease Extension program

Sun Aug 20, 2017 9:41 pm

You want the Nissan "Preferred Plus Gold" plan, or something like that. If your factory warranty is expired you have to get the more expensive plan for used cars. Prices are all over the place on these plans. I paid roughly $500, but expect to pay more.

Why extend my lease with no warranty extension? $159 a month for an SV with Premium and 12 bars (barely).
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.

noanalyst
Posts: 8
Joined: Sun Aug 20, 2017 6:24 pm
Delivery Date: 21 Aug 2017

Re: New MY18 Leaf Lease Extension program

Sun Aug 20, 2017 10:10 pm

Ok. Will go in tomorrow or Tuesday and find out how much it will cost to extend the warranty. I know the lease extension is a good deal but I can't afford any out of warranty car repairs.

LeftieBiker
Posts: 6953
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: New MY18 Leaf Lease Extension program

Sun Aug 20, 2017 11:25 pm

I understand completely. You can buy the plan from any Nissan dealer, so get multiple quotes if your local dealer is very high. Just make sure you get a plan that covers the A/C, infotainment system, and brakes.
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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