End of Lease Strategies?

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Tim at Stone Mountain was very nice, but it sounds like they do not have new numbers in for June.

Accordingly, their offer was not very attractive, roughly $10k driveout on a $12k balance.

He was almost apologetic when he got back to me, but without updated numbers from Nissan it's all his mgt would commit to.

Knowing there is a flood of GA leafs being turned in, unless Nissan improves the offers I expect very few will be doing buyouts.

I'm still working with other dealers, and have not heard anything back from our friend in Greenville.
 
I am reluctant to post anything about my experience, but I just don't see as if I have much choice. I wish I could say this was all wrapped up in a week. I started discussions on purchasing my lease on 4/17/17. Between 4/17 and 4/26 we had excellent communication, the deal was struck. I arranged financing, signed the paperwork and got it back you. On 5/1 I inquired as to if the dealership received the paperwork, and it was acknowledged they had:

"We did receive your packet. You should be receiving your copies in the mail this week at the earliest, if not next week."

On 5/12, I sent the following message:

"I need you to look into this. Its now the 14th, I have NOT received anything from the dealership (or Nissan for that matter) that says I own the car. Certainly makes me nervous about this, as if I'd worked with a local dealer I would have walked out copies of my paperwork. I have nothing to show that I own it - and I've already received my payment schedule / coupons from the bank on the financing."

And received the following reply:

"I have forwarded your email to several managers to get to the bottom of this. I apologize for any inconvenience."

As of today (6/2/17), I have YET to have heard from anyone at this dealership as to what is going on. No calls, no emails, and no paperwork has been received. My birthday is in less then a week, and I don't have the new registration yet either.

If this is normally how things go, one should be told what to expect up front. Communication is key, and this dealership clearly lacks it! In fact the only communication I received (after submitting through the dealer contact form online), was a call asking if I'd been contacted buy a salesman regarding the vehicle I was interested in purchasing!

If I ran my business in this matter, I would be out of business pretty quickly.

Love the car. 55,000 miles on it, 1 bar lost at 48,000 miles. In Florida, car is kept outside year round. I travel the interstate to work (44 miles) one way, and charge at work. At 2 1/2 yrs into driving it, I still arrive at work with 47% charge left.


brianpmcintosh said:
Happy May!

Even though I'm based out of Greenville, SC, I'll complete everything with you remotely (helped a client in Hawaii). It takes about a week's time to fully complete it all. So, the earlier in the month you contact me, the better. I look forward to hearing from y'all!

Thank you!

Brian McIntosh
Crown Nissan of Greenville
[email protected]
864-281-1608
 
Ok. Just messaged the local stealership to see what they'll do me for on the '15 36 month. My residual is $14,240. All in of $7500 will do it for me, $8000 will probably take a 5 minute rant and then I'll do it anyway.

This is probably fantasy given last months incentive, but I can hope! I've babied this car and it's way under miles and in great shape, except for the tires. Full bars, cool climate, eligible for free telematics upgrade.

Did the math, with a $395 lease return fee and allowing for $500 of dealer profit, I guess we need to see an incentive of $7000-7500.

What a headache, this will be my last lease.
 
recmob said:
I am reluctant to post anything about my experience, but I just don't see as if I have much choice. I wish I could say this was all wrapped up in a week. I started discussions on purchasing my lease on 4/17/17. Between 4/17 and 4/26 we had excellent communication, the deal was struck. I arranged financing, signed the paperwork and got it back you. On 5/1 I inquired as to if the dealership received the paperwork, and it was acknowledged they had:

"We did receive your packet. You should be receiving your copies in the mail this week at the earliest, if not next week."

On 5/12, I sent the following message:

"I need you to look into this. Its now the 14th, I have NOT received anything from the dealership (or Nissan for that matter) that says I own the car. Certainly makes me nervous about this, as if I'd worked with a local dealer I would have walked out copies of my paperwork. I have nothing to show that I own it - and I've already received my payment schedule / coupons from the bank on the financing."

And received the following reply:

"I have forwarded your email to several managers to get to the bottom of this. I apologize for any inconvenience."

As of today (6/2/17), I have YET to have heard from anyone at this dealership as to what is going on. No calls, no emails, and no paperwork has been received. My birthday is in less then a week, and I don't have the new registration yet either.

If this is normally how things go, one should be told what to expect up front. Communication is key, and this dealership clearly lacks it! In fact the only communication I received (after submitting through the dealer contact form online), was a call asking if I'd been contacted buy a salesman regarding the vehicle I was interested in purchasing!

If I ran my business in this matter, I would be out of business pretty quickly.

Love the car. 55,000 miles on it, 1 bar lost at 48,000 miles. In Florida, car is kept outside year round. I travel the interstate to work (44 miles) one way, and charge at work. At 2 1/2 yrs into driving it, I still arrive at work with 47% charge left.


brianpmcintosh said:
Happy May!

Even though I'm based out of Greenville, SC, I'll complete everything with you remotely (helped a client in Hawaii). It takes about a week's time to fully complete it all. So, the earlier in the month you contact me, the better. I look forward to hearing from y'all!

Thank you!

Brian McIntosh
Crown Nissan of Greenville
[email protected]
864-281-1608


To compare and yes my situation is a less complicated since leasing is not involved. But paid off car thru Toyota Financial. Had like 13 payments or so left. My payment online on May 18th. Received refund check for overpayment on May 23rd via snail mail for $3.22

Received title for car on May 26th...
 
Katera said:
Still no buyout amount numbers for June?

It appears to me that the incentives have largely evaporated, just based on dealer response. The only quotes I've been able to get were based on May numbers valid through June 5th. Maybe there are new ones, but the dealers I was dealing with were pretty dismissive.

Typical quotes on my 2015 SV 2 yr 30k lease with a $12.2 payoff were about $10.8 driveout. About $700 of that was GA tax.

The vibe I received (one very blatantly) was that the dealers would rather see the car be returned than me buy it out. One was annoyed that I was holding out for something $6-7 range, indicating that I would never see my car in that range.

When I explained that $10k was not of interest, I'll just wait for 2018. He commented that it's a world car, and they are now sending the lease turn in's overseas.

Who knows. I've not given up, but it's very difficult to get a dealer to call you back with a quote. Just not interested, and I think they know the current offer is not attractive.

Makes me wonder if the dealers are able to retail out the turn-ins? If so, they'd have a strong disincentive to pass along subsidies to the leasee, and instead try to retail it out.
 
I sent in the second set of lease extension paperwork, and it was delivered 5/30 at 4:42am. This evening there was a message on my answering machine from the Leaf specialists, saying that "there is a problem with the lease extension paperwork." I'm beginning to think they want me to lease a Bolt. I guess I'll be driving one this week or next.
 
Still no response from my dealer. Wife is looking at an Infiniti QX60. Dealer said they’d cover up to 3 payments of our Leaf lease to get the Infiniti. Lease up in Sept.
 
LeftieBiker said:
I sent in the second set of lease extension paperwork, and it was delivered 5/30 at 4:42am. This evening there was a message on my answering machine from the Leaf specialists, saying that "there is a problem with the lease extension paperwork." I'm beginning to think they want me to lease a Bolt. I guess I'll be driving one this week or next.

Are you dealing with the stealership or directly with NMAC? I'm thinking that NMAC is really screwing up by letting the dealers handle all the communications around these programs now.

C'mon Nissan. I'm standing here with $$$ to buy this car that's already in my driveway! Give me a call, return my email, something.
 
I've been dealing with NMAC. The first set failed delivery either because they lost it or because the USPS did. The second set... it turns out I didn't include the first page of the agreement, which has no page number or signature fields on it. I asked them to just print one and staple it, but I had to scan my backup set to PDF and email it, tonight. And hey! Fun fact about Foxit Reader: you can rotate a page right side up after you scan it, but when you save the file it still gets saved upside down, with no way to correct it...
 
AlanSqB said:
Are you dealing with the stealership or directly with NMAC? I'm thinking that NMAC is really screwing up by letting the dealers handle all the communications around these programs now.

C'mon Nissan. I'm standing here with $$$ to buy this car that's already in my driveway! Give me a call, return my email, something.

I also agree NMAC is going to lose longer term by leaving this to the dealers. They have also not been clear, back in April I asked NMAC about incentives and they said there were not any from NMAC, we just needed to work with the dealers. I (mis)took that to mean it would be at residual/payoff, etc. So I missed an opportunity back then. (Should have been reading here!)

It's virtually impossible to get a buyout quote from many. In most dealerships there is only 1-2 people who work this space. It's hard to catch them, and harder yet to get a callback, much less a quote. There are some notable exceptions, one on the forum here, and Tim at Stone Mountain Nissan in Atlanta.

I do think there has been a significant sea change regarding the incentives. Which the dealers realize is not very attractive to lessee/buyers. So they don't put much time/priority into it.

I'll be turning mine in today, just could not get a deal going. Shame, as I have cash in hand.
 
Curious are you turning in the 13 or the 15? What was your tire situation?

I'm not thrilled about putting new tires on a car I'm giving back, yet I can't find comparable used ones due to the weird size and the requirement they be "Eco" tires.
 
Ok, that is good news, but I can swear there was a thread about them having to be LRR. I can't find it now though so it might just be imagination.

My paperwork says it just has to match the speed rating, which shouldn't be difficult at all.
 
AlanSqB said:
Curious are you turning in the 13 or the 15? What was your tire situation?

I'm not thrilled about putting new tires on a car I'm giving back, yet I can't find comparable used ones due to the weird size and the requirement they be "Eco" tires.
Turned my 2011 with 2 regular tires plus 2 OEMs so not even a matching set although I think I got away with that one. FYI, on my 2013 due to a tire rotation interval experiment, two tires did not pass sidewall?? tread test and was billed $100 each but that was more than covered by the $500 forgiveness for getting another "Nissan" (does NOT have to be a LEAF)
 
That's another thing I could not find. No info on what the charges are. For $100 per tire, I would just leave these "racing slicks" on and pay the $400. It would be worth the small difference between the cost of buying cheap tires and the time I'd have to spend on it.
 
AlanSqB said:
That's another thing I could not find. No info on what the charges are. For $100 per tire, I would just leave these "racing slicks" on and pay the $400. It would be worth the small difference between the cost of buying cheap tires and the time I'd have to spend on it.

On a cost basis, I just put 4 cheapo tires on my gasser that my sister did for me so got the "family" discount and it was $383 out the door. Not sure what the discount was as she is required to line item everything and it all has a "base" charge that goes to the dealership (She works at a Ford Dealer) and then a charge that goes to the person doing the actual work which was likely my BiL who also works there.

Family is a good thing. :)
 
Wow, what a shame.

Bolt is now available in TX

Model 3 pushing forward

New Nissan Leaf announced in few months and...

They end the buyout incentive???

That is flat out incredible. They are going to get a flood of 15's back, including mine. And we were ready to buy it.

/shrug
 
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