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Re: New MY18 Leaf Lease Extension program

Posted: Wed Jun 21, 2017 5:59 am
by swhang
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!

Re: New MY18 Leaf Lease Extension program

Posted: Thu Jun 22, 2017 10:14 pm
by LeftieBiker
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...

Re: New MY18 Leaf Lease Extension program

Posted: Mon Aug 14, 2017 7:54 am
by kurisleaf
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?

Re: New MY18 Leaf Lease Extension program

Posted: Fri Aug 18, 2017 11:30 pm
by Nubo
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?

Re: New MY18 Leaf Lease Extension program

Posted: Sun Aug 20, 2017 6:29 pm
by noanalyst
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

Re: New MY18 Leaf Lease Extension program

Posted: Sun Aug 20, 2017 6:43 pm
by LeftieBiker
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.

Re: New MY18 Leaf Lease Extension program

Posted: Sun Aug 20, 2017 9:31 pm
by noanalyst
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.

Re: New MY18 Leaf Lease Extension program

Posted: Sun Aug 20, 2017 9:41 pm
by LeftieBiker
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).

Re: New MY18 Leaf Lease Extension program

Posted: Sun Aug 20, 2017 10:10 pm
by noanalyst
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.

Re: New MY18 Leaf Lease Extension program

Posted: Sun Aug 20, 2017 11:25 pm
by LeftieBiker
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.