SHOP AROUND!!jjgilham wrote:I was curious about the strategy you mention. If I overpaid, would they just credit it to my account and lower the payoff value? I asked two different people on the Leaf-line (800 854 3310) and they both said that NMC would not accept over payment which is a shame.
Why they don't have it setup so you can just send them the balance owed to execute a buyout? It does appear that banks can do that and the best "buyout" option may be buying the car out through a bank or credit union. My credit union sets up a loan for the balance, there are no fees, they become the lien holder and it does not appear there are dealer fees involved. The credit union charges no fee for early payoff so I could just settle with them at my leisure. Has anyone tried this?
When I was investigating buyout my local dealer (Eastside Nissan, Redmond WA) wants to cut themselves in for $1500 for handling the buyout. I told them no-thank you. When I later told them that another dealer (Younker Nissan, Renton WA) would do it for $300 they said they would as well. This is Just disgusting in my opinion. I've got no problem with them making a little bit on the transaction as it is some paperwork etc. but I think a few hundred is more than plenty.
You can purchase your lease from any Nissan dealership in the country. I would pay no more than the stated $300 (or whatever it is) Realize its costing the dealership a fraction of that cost to process your paperwork AND they still get a cut from NMAC for handling the transaction.
Check with Ray at Everett Nissan. He may not be able to give you the best deal but he will be honest about what your options are.