LeftieBiker
Moderator
Posts: 15518
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Fri Jun 12, 2020 10:33 pm

Option fee?
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

2ndLeaf
Posts: 4
Joined: Fri Dec 19, 2014 11:51 pm
Delivery Date: 20 Dec 2014

Re: End of Lease Strategies?

Fri Jun 12, 2020 10:52 pm

Option fee is specified in my lease contract.

LeftieBiker
Moderator
Posts: 15518
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Fri Jun 12, 2020 11:28 pm

Oh well, it could be a lot worse.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

DaveinOlyWA
Posts: 15067
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Sat Jun 13, 2020 8:42 am

2ndLeaf wrote:
Fri Jun 12, 2020 10:52 pm
Option fee is specified in my lease contract.
What options are listed?
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 13,705 mi, 93.41% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

2ndLeaf
Posts: 4
Joined: Fri Dec 19, 2014 11:51 pm
Delivery Date: 20 Dec 2014

Re: End of Lease Strategies?

Sat Jun 13, 2020 9:56 am

This is purchase option. Here is the wording from my contract:

15. Purchase Option
You have the option to purchase this Vehicle “AS IS” from the originating dealer, or other
location we specify, in cash for the Purchase Option Price, plus any official fees and taxes,
vehicle inspection costs required in connection with the purchase, and a Purchase Option Fee
of $300.00, which fees, taxes and costs are not included in the Purchase Option Price agreed
to in Section 6. If you purchase the Vehicle at the end of the lease term, the Purchase Option
Price will be the Residual Value shown in Section 5.d). If you purchase the Vehicle before the
end of the lease term, the Purchase Option Price will be the Adjusted Lease Balance disclosed
in Section 14). In either case, you must also pay other amounts due under this Lease at the
time of purchase.

DaveinOlyWA
Posts: 15067
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Sat Jun 13, 2020 10:22 am

2ndLeaf wrote:
Sat Jun 13, 2020 9:56 am
This is purchase option. Here is the wording from my contract:

15. Purchase Option
You have the option to purchase this Vehicle “AS IS” from the originating dealer, or other
location we specify, in cash for the Purchase Option Price, plus any official fees and taxes,
vehicle inspection costs required in connection with the purchase, and a Purchase Option Fee
of $300.00, which fees, taxes and costs are not included in the Purchase Option Price agreed
to in Section 6. If you purchase the Vehicle at the end of the lease term, the Purchase Option
Price will be the Residual Value shown in Section 5.d). If you purchase the Vehicle before the
end of the lease term, the Purchase Option Price will be the Adjusted Lease Balance disclosed
in Section 14). In either case, you must also pay other amounts due under this Lease at the
time of purchase.
Ah ok. SOP. Didn't think about that one. They are probably out there but can't I say I remember anyone having to actually pay all the fees?
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 13,705 mi, 93.41% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

LeftieBiker
Moderator
Posts: 15518
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Sat Jun 13, 2020 11:36 am

Yes, we were all, I think, thinking "option package fee" rather than "purchase option fee." That is standard. It is waived if you buy or lease another new Nissan.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

RapmasterD
Posts: 25
Joined: Mon Aug 07, 2017 12:17 pm
Delivery Date: 30 Jul 2017

Re: End of Lease Strategies?

Thu Jul 09, 2020 9:56 am

2ndLeaf wrote:
Fri Jun 12, 2020 9:55 pm
I purchased my end of lease Leaf today at Nissan Sunnyvale. They charged me $395 for inspection.

Other fees I paid include:

Purchase Option Fee: $300 (Revised. I previous called it "option fee", which causes confusion.)
License/Registration Fee $119.81
DocProcessing/EVR/Tire Fee $114.00

Boardwalk Nissan charges $695 and Nissan Burlingame charges $500 for inspection. I didn't try Nissan of Gilroy. Too far for me.
Sorry to bump this after so long, but how long did it take you to get in and out of the dealership for the inspection and paperwork/payment? Thank you.

Return to “Buying / Leasing / Dealerships”