End of Lease Strategies?

[sonnylax]

How do you know if an Early Lease Termination is available? Is it offered only to certain leasees? Or is offered only during a certain part of the calendar?

How does the Nissan Loyalty rebate work? How much is it typically and how do you ensure that the Dealer isn't screwing around with the money figures to their benefit?

[evnow]

I keep waiting for the most important detail!!! What does the one year extension do to the RESIDUAL?

My guess is it would be reduced by the amount of depreciation paid up.

Given my low lease rate ($125) and no worthwhile competition expected by next year, I'll probably end up extending my lease next May.

[brg2290]

I have a ridiculously cheap $127/m payment.

Given my low lease rate ($125)

vs the current $99 payments.

Similar to the original poster, my lease ends Dec. '14. I too have been offered the option of extinding for a year. My payment is $240 / mo. (this was a zero $ down, zero $ out the door $240/month).

How did the three of you get such great lease rates? Maybe more pertinent, are these rates still available today (without ridiculously high out the door fees)? The best I've seen in my limited searching is $1999 down, $148/month from North Bay Nissan. The ad is still up on their website, even though it says the offer ends May 31, 2014.

Gary

[evnow]

Similar to the original poster, my lease ends Dec. '14. I too have been offered the option of extinding for a year. My payment is $240 / mo. (this was a zero $ down, zero $ out the door $240/month).

How did the three of you get such great lease rates?

Mine is really like yours - since I paid $2k down. Zero down mine would have been something like $200 (no tax in WA).

[ObjetDart]

I pay $129/month but I had to pay $2999 down to get it.

In retrospect it probably wasn't the savviest move, but what you gonna do.

[Viktor]

I called Nissan today - they wouldnt discuss my lease termination till I received the packet from them 6 months prior to lease termination. Technically I am already there with my lease expiring Dec 4th - but no package yet. Is that something that being regularly offered - 1 year lease extension at the current price? I am considering Tesla X and according to their customer service it should be available, if I am to put deposit now, at around late summer/early fall next year - would work perfect. Is it the only extension U can get - in case Their production runing late?

[apvbguy]

I called Nissan today - they wouldnt discuss my lease termination till I received the packet from them 6 months prior to lease termination. Technically I am already there with my lease expiring Dec 4th - but no package yet. Is that something that being regularly offered - 1 year lease extension at the current price? I am considering Tesla X and according to their customer service it should be available, if I am to put deposit now, at around late summer/early fall next year - would work perfect. Is it the only extension U can get - in case Their production runing late?

don't hold your breath waiting for the Tesla X, if you are really interested in the Tesla and like your LEAF I would consider doing a 1 year extension because the model X more than likely is more than a year out from becoming reality

[LeftieBiker]

Given my low lease rate ($125) and no worthwhile competition expected by next year, I'll probably end up extending my lease next May.

I'm paying $149 a month and will also be extending my lease 4-6 months. Four if there is a great "lease sale' next Labor Day weekend, six if no sale. Those of us who made substantial down payments for low monthly payments would be foolish not to keep that low payment for as long as possible. I also have hopes to "sell" my purchase option at lease end, and if the residual is a bit lower, that's also better for that strategy.

[WHITELEAFLINY]

are you concered about the warranty expirein g ,if you leased for 3 years,and extend for another year.

[LeftieBiker]

are you concered about the warranty expirein g ,if you leased for 3 years,and extend for another year.

I don't think this was addressed to me, but I'll answer for me: I leased for two years, so the warranty isn't an issue. Good point, though, although it seems that the Leaf's manufacturing defects seem to appear early.