bickspickles
New member
- Joined
- Mar 25, 2016
- Messages
- 2
Hello all,
I also have a 2013 LEAF 3 year lease finishing in October 2016 and have been mailed an offer of $7500 off the current payoff quote.
Just thought I would share my details in this thread in case they are of interest to anyone.
My payoff today is $13,350. I called NMAC to confirm the $7500 applied to my lease and was told that it does and I need to do the transaction with my dealer. I am in Atlanta, Georgia, US. Called dealer and here is their calculation:
$13350 - $7500 = $5850
plus:
$300. buy fee (in lease contract)
$689. dealer fee (explanation was 'we have to make money')
$479. (GA sales tax)
$70. GA tag/title/registration
total owed to drive out as owner: $7388.
I put $5200 down to drive this LEAF off the lot and have made $6650 in payments.
I received the full $5000 GA tax credit so I am in for $6850. Paying the $7388 to own would mean I have paid $14238. all up for this LEAF.
Its 2.5 years old, 25K miles, has no issues and all battery bars are good.
On top I do actually consider that I have saved an average of $100 a month on gas expenses over the last 30 months ($3000) so in the back of my mind I sort of feel like I am going to own this thing for $11238. and continue to enjoy the gas savings moving forward. And its still a nice new little ride that I enjoy driving a lot!
I will probably close this deal early next week as they did say this $7500 strictly expires on 3/31.
(I doubt it - but won't risk it)
Hope this helps someone, let me know if you have any questions!
UPDATE:
I decided to poll the other Nissan dealers in my area to see if anyone would waive the "dealers fee". Several called right away - some to say NO WAY and a couple others willing to do it to get a "sale" on the day.
I went into a dealer in Decatur Saturday and spent 2 hours doing the deal. The math didnt work out exactly because this dealer's fee was less but I did save another $500. So I drove off with a 30 month old Nissan (LEAF) that has only been driven by me and has all battery bars and no issues for $6888. all up (tax, tag, reg, etc...).
Dealers can't help themselves and so there was a little last minute drama to try to force me to finance through NMAC but I was very willing to walk and that "problem" disappeared quickly. They claimed Nissan financing was required in order to get the $7500 discount on buyout - but that was not true.
With the price of LEAFs plummeting I cant recommend this deal for everyone. In fact, another couple thousand and there is no way I would have done this. But for me - in the end I got a cool car for 50 cents on the dollar. Thanks Nissan!
I also have a 2013 LEAF 3 year lease finishing in October 2016 and have been mailed an offer of $7500 off the current payoff quote.
Just thought I would share my details in this thread in case they are of interest to anyone.
My payoff today is $13,350. I called NMAC to confirm the $7500 applied to my lease and was told that it does and I need to do the transaction with my dealer. I am in Atlanta, Georgia, US. Called dealer and here is their calculation:
$13350 - $7500 = $5850
plus:
$300. buy fee (in lease contract)
$689. dealer fee (explanation was 'we have to make money')
$479. (GA sales tax)
$70. GA tag/title/registration
total owed to drive out as owner: $7388.
I put $5200 down to drive this LEAF off the lot and have made $6650 in payments.
I received the full $5000 GA tax credit so I am in for $6850. Paying the $7388 to own would mean I have paid $14238. all up for this LEAF.
Its 2.5 years old, 25K miles, has no issues and all battery bars are good.
On top I do actually consider that I have saved an average of $100 a month on gas expenses over the last 30 months ($3000) so in the back of my mind I sort of feel like I am going to own this thing for $11238. and continue to enjoy the gas savings moving forward. And its still a nice new little ride that I enjoy driving a lot!
I will probably close this deal early next week as they did say this $7500 strictly expires on 3/31.
(I doubt it - but won't risk it)
Hope this helps someone, let me know if you have any questions!
UPDATE:
I decided to poll the other Nissan dealers in my area to see if anyone would waive the "dealers fee". Several called right away - some to say NO WAY and a couple others willing to do it to get a "sale" on the day.
I went into a dealer in Decatur Saturday and spent 2 hours doing the deal. The math didnt work out exactly because this dealer's fee was less but I did save another $500. So I drove off with a 30 month old Nissan (LEAF) that has only been driven by me and has all battery bars and no issues for $6888. all up (tax, tag, reg, etc...).
Dealers can't help themselves and so there was a little last minute drama to try to force me to finance through NMAC but I was very willing to walk and that "problem" disappeared quickly. They claimed Nissan financing was required in order to get the $7500 discount on buyout - but that was not true.
With the price of LEAFs plummeting I cant recommend this deal for everyone. In fact, another couple thousand and there is no way I would have done this. But for me - in the end I got a cool car for 50 cents on the dollar. Thanks Nissan!