Returned my leaf after 36 months and 30k miles

[fromport]

I found "my car" advertised by a dealer.
It has gone through an auction and asking price now is $2k less then residual price I had on my lease

http://www.auto.com/cars/Nissan-Leaf-SL-2011-JN1AZ0CP5BT004780

Internet Special: $14,288.00

I assume they are making a profit on it when selling, so it is safe to assume the leasing company didn't get more then $12k for it at the auction.

Yet they wanted > $16k from me at end of lease.

 

[TomT]

It is brain dead on the part of Nissan. "We will refuse to negotiate with you so that we can loose thousands on every lease turn in..." A great business plan!

I assume they are making a profit on it when selling, so it is safe to assume the leasing company didn't get more then $12k for it at the auction.
Yet they wanted > $16k from my at end of lease.

 

[kubel]

I found "my car" advertised by a dealer.
It has gone through an auction and asking price now is $2k less then residual price I had on my lease

http://www.auto.com/cars/Nissan-Leaf-SL-2011-JN1AZ0CP5BT004780

Internet Special: $14,288.00

I assume they are making a profit on it when selling, so it is safe to assume the leasing company didn't get more then $12k for it at the auction.

Yet they wanted > $16k from me at end of lease.

It's unfortunate that NMAC doesn't wiggle on the buyout price of the lease. I understand a contract is a contract, but it seems to me it would be in NMAC's best interest to sell high to the previous owner instead of selling low at auction.

I would like to buy my car, but not for $16,000. I might just google my VIN after turning it in and seeing if I can haggle with whoever got it at auction.

 

[fromport]

It's unfortunate that NMAC doesn't wiggle on the buyout price of the lease. I understand a contract is a contract, but it seems to me it would be in NMAC's best interest to sell high to the previous owner instead of selling low at auction.

I would like to buy my car, but not for $16,000. I might just google my VIN after turning it in and seeing if I can haggle with whoever got it at auction.

I would like to be at auctions where they sell those lease returns.

I wouldn't want to buy my car back (range limited to 50% compared to new)

Instead I would have bought something like this one:
http://www.auto.com/cars/Nissan-Leaf-SV-2011-JN1AZ0CP8BT000478
It is down to 8 bars !! with just over 3500 miles.
I assume this one has been a rental.
Charged to 100% and let out in the heat/sun in San Diego.
Perfect example of how to kill your batteries :twisted:

I would continue to kill the battery, have it replaced under warranty and you would have an almost "new" car ;-)

Btw: Am now in the 3rd month of my rav4ev. Last 2 months were over 1400 miles each month.
Furthest I have driven on a full charge is 160 miles on one day (with 9 miles left according to the dash)
The leaf got me hooked to driving electric.

 

[mctom987]

It's unfortunate that NMAC doesn't wiggle on the buyout price of the lease. I understand a contract is a contract, but it seems to me it would be in NMAC's best interest to sell high to the previous owner instead of selling low at auction.

While probably true, I think a lot of the reason is precedence. They figure, if they let this guy slip, the next one will try and haggle as well. They're just hoping to get a sucker to pay "retail" price for it.

I don't know what their profit margins are, nor the rate of buyouts at residual are. Someone at some point in the management chain did the math on this.

Basically, 1/10 buying at 16k, 9/10 auctioned at 12k > 1 buying at 16k, 4 out of 10 buying at 14k, 5/10 auctioned at 12k.
Wait… what?

Yeah, NMAC is retarded.

 

[pkulak]

Instead I would have bought something like this one:
http://www.auto.com/cars/Nissan-Leaf-SV-2011-JN1AZ0CP8BT000478
It is down to 8 bars !! with just over 3500 miles.
I assume this one has been a rental.
Charged to 100% and let out in the heat/sun in San Diego.
Perfect example of how to kill your batteries :twisted:

I God, that is terrible. I guarantee that will be sold to someone who has no idea what "bars" are and who is told it's a great car because of the super low miles. It's just as good as a new one!

 

[RonDawg]

Instead I would have bought something like this one:
http://www.auto.com/cars/Nissan-Leaf-SV-2011-JN1AZ0CP8BT000478
It is down to 8 bars !! with just over 3500 miles.

I God, that is terrible.

For their asking price, no way. But for $10k, and assuming the car is eligible for the capacity warranty (meaning no B0133 branding), I don't see why not.

 

[bbrowncods]

It's unfortunate that NMAC doesn't wiggle on the buyout price of the lease. I understand a contract is a contract, but it seems to me it would be in NMAC's best interest to sell high to the previous owner instead of selling low at auction.

I would like to buy my car, but not for $16,000. I might just google my VIN after turning it in and seeing if I can haggle with whoever got it at auction.

I would like to be at auctions where they sell those lease returns.

I wouldn't want to buy my car back (range limited to 50% compared to new)

Instead I would have bought something like this one:
http://www.auto.com/cars/Nissan-Leaf-SV-2011-JN1AZ0CP8BT000478
It is down to 8 bars !! with just over 3500 miles.
I assume this one has been a rental.
Charged to 100% and let out in the heat/sun in San Diego.
Perfect example of how to kill your batteries :twisted:

Buy it, take it to a dealer and get a new battery under warranty, and drive off with basically a new car.

Now the catch. Dealer will say that the "yearly" battery inspection wasn't done and you are SOL!

 

[kieranmullen]

Which app is this?

I'm at 78% SOH at 54k miles and while 70 miles occur below VLBW it is still totally doable at 4.3 m/kWh. But I'm on my second set of Ecopias. What was your energy economy?

Btw, I finally got Leaf Spy installed. Can someone please clarify what Hx reading represents?

See other response for the Hx remark

With the Michelins I was able to get about 4.2 miles/kWh maximum.

I saved the "old" ecopias and put them back on when I returned the car.
The last 4 days I averaged about 4.9 miles/kWh with those tires and I really didn't even try to be very economical to be honest.

I exchanged the tires on the 29th:

 

[fromport]

Which app is this?

That is not an app, that is screenshot of the online service of Nissan

http://www.nissanusa.com/owners/login

 

[nerys]

what is the login for that? is it the same as carwings or completely different registration?

wow the rav4 is nice looking but holy crap $50,000 car!!!

what I would do for that 41kw battery in my leaf! that is precisely what it needs and likely precisely why the rav4 is $50,000. Grrrrrrr

It must be heavy as crap to only get 103 miles with such a large battery.

figured it out. already had an account. interestingly it only has data for the first 4 days I had the car......

 

[fromport]

what is the login for that? is it the same as carwings or completely different registration?

wow the rav4 is nice looking but holy crap $50,000 car!!!

what I would do for that 41kw battery in my leaf! that is precisely what it needs and likely precisely why the rav4 is $50,000. Grrrrrrr

It must be heavy as crap to only get 103 miles with such a large battery.

I have done a 161miles ride 3 times already with a 3200' climb on the I5 from LA north known as the grapevine and back.
First time i had 3 miles left, second time 6, third time 9 miles left, on a full charge.
After 3 years lease, including residual buy out, my rav4ev will have cost me about $36k
Me and my wife like it so much we leased a second rav4ev.
After 5 months 6400 miles on the first one.
I am pretty sure leaf gen3 will go even further, maybe even with batteries from the Tesla gigafactory!
One thing is for sure, i want to drive electric whenever possible!
And the leaf started it ;-)

 

[nerys]

how in the world are you getting it for $36k? residual buyout? Does that mean you BUY the car at end of lease?

it says on the site its $49,800 ??? what am I missing?

I can't afford $36k either so it does not financially matter to me but I am curious.

unless you have some healthy tax credits (that I would never qualify for don't earn enough) ???

Just curious. I have DROOLED over the original NIMH powered rav4EV

I still think NIMH would be the better choice until lithium comes down in price and gets better longevity but GM made sure we would never get that. :-(

 

[fromport]

how in the world are you getting it for $36k? residual buyout? Does that mean you BUY the car at end of lease?

it says on the site its $49,800 ??? what am I missing?

I can't afford $36k either so it does not financially matter to me but I am curious.

unless you have some healthy tax credits (that I would never qualify for don't earn enough) ???

Just curious. I have DROOLED over the original NIMH powered rav4EV

I still think NIMH would be the better choice until lithium comes down in price and gets better longevity but GM made sure we would never get that. :-(

Go to http://www.myrav4ev.com" onclick="window.open(this.href);return false; forum
There is a $17.500 lease incentive from toyota at the moment
0% finance 36 months
I sold my 2001 corvette z06 that i had for 8 years (past my midlife crisis)
Did downpayment of $9955
Lease is now $220 a month next 35 times.

 

[nerys]

WOW. $220 a month I can afford $10k down I can not. Ouch.

what does $17,500 leasing incentive mean?

in reality your paying $500 a month. you just paid $10k of it up front.

how does this result in you getting the car for $36k total ??

boy though in 2 or 3 yeas a used rav4 might be a serious option for me as with a 160 mile range even if I lose HALF that to climate control and degradation over time that still leaves me with 80 miles. PLENTY.

 

[fromport]

WOW. $220 a month I can afford $10k down I can not. Ouch.

what does $17,500 leasing incentive mean?

in reality your paying $500 a month. you just paid $10k of it up front.

how does this result in you getting the car for $36k total ??

9955 down
35 times 220 ( i think it is 217)
Residual $19k
Look at the rav4 forum for more examples of leases.
With no money down lease $475 a month plus tax for unlimited miles

 

[smkettner]

17500 lease cash is like Toyota making a down payment and Ca gives $2,500 so $20,000 total credit puts the car at $30,000.
Add sales tax, license, 0% lease fees and you are close to $36k effective out the door.

Or 35 payments of ~$525 =$18,375 + $~19,000 residual - $2500 CA = $34,875.

Either way it is not $50,000.

Only a few left, production has ended, good luck.

 

[nerys]

damn. so it was just a compliance car. dirtballs :-( grrrrrrr

 

[bbrowncods]

WOW. $220 a month I can afford $10k down I can not. Ouch.

what does $17,500 leasing incentive mean?

in reality your paying $500 a month. you just paid $10k of it up front.

how does this result in you getting the car for $36k total ??

9955 down
35 times 220 ( i think it is 217)
Residual $19k
Look at the rav4 forum for more examples of leases.
With no money down lease $475 a month plus tax for unlimited miles

Hope you don't total it! You probably lose your down payment...read the fine print!
Never pay a down payment with a lease.

 

[fromport]

Hope you don't total it! You probably lose your down payment...read the fine print!
Never pay a down payment with a lease.

I agree 100%

But I am also looking to buy a house
For every $100 car payment they want $300 income.
What is more important:
loose your downpayment in case of a crash
or being able to buy a home, put solar on the roof etc etc.

I made a choice.
I actually have 2 rav4ev's now, also one for the ms. She drives less than 5000 miles a year, thats the one we put a downpayment on. I am taking a gamble, I know. But it is a calculated gamble.