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Re: End of Lease Strategies?

Posted: Tue Jul 16, 2019 8:40 am
by Oils4AsphaultOnly
Welps. Can't believe 3 years is almost up already! Anyone have any new info about end-of-lease strategies (my 2016 S has a 9900 residual)? Or maybe a recommended dealership to try to negotiate a better buyout price?

Re: End of Lease Strategies?

Posted: Tue Jul 16, 2019 12:12 pm
by LeftieBiker
Oils4AsphaultOnly wrote:Welps. Can't believe 3 years is almost up already! Anyone have any new info about end-of-lease strategies (my 2016 S has a 9900 residual)? Or maybe a recommended dealership to try to negotiate a better buyout price?
If the pack is holding up well, then $9900 is a good residual. If it isn't, I suggest you turn the car in.

Re: End of Lease Strategies?

Posted: Tue Jul 16, 2019 12:26 pm
by Oils4AsphaultOnly
LeftieBiker wrote:
Oils4AsphaultOnly wrote:Welps. Can't believe 3 years is almost up already! Anyone have any new info about end-of-lease strategies (my 2016 S has a 9900 residual)? Or maybe a recommended dealership to try to negotiate a better buyout price?
If the pack is holding up well, then $9900 is a good residual. If it isn't, I suggest you turn the car in.
Still got 12 bars (~83%). good enough to warrant buying it out. Just trying to avoid paying any extra fees.

Re: End of Lease Strategies?

Posted: Tue Jul 16, 2019 2:42 pm
by LeftieBiker
You can email multiple Nissan dealers for quotes on the OTD buyout price. IIRC, a credit union may also be able to do it.

Re: End of Lease Strategies?

Posted: Wed Jul 17, 2019 5:22 am
by DaveinOlyWA
Oils4AsphaultOnly wrote:Welps. Can't believe 3 years is almost up already! Anyone have any new info about end-of-lease strategies (my 2016 S has a 9900 residual)? Or maybe a recommended dealership to try to negotiate a better buyout price?
Tough decision especially in your area. How well is the range "minus 20%" working for you? I had a S30 with a $9100 residual and never would have kept it. Simply wasn't enough to future proof a TCO on a purchase. Right now, my S40 has a $9600 residual (monthly lease $120 a month higher though) and if the pack

1) Holds up well, I will buy

2) Degrades so fast a warranty replacement is likely

I will buy.

Re: End of Lease Strategies?

Posted: Wed Jul 17, 2019 1:56 pm
by Oils4AsphaultOnly
DaveinOlyWA wrote:
Oils4AsphaultOnly wrote:Welps. Can't believe 3 years is almost up already! Anyone have any new info about end-of-lease strategies (my 2016 S has a 9900 residual)? Or maybe a recommended dealership to try to negotiate a better buyout price?
Tough decision especially in your area. How well is the range "minus 20%" working for you? I had a S30 with a $9100 residual and never would have kept it. Simply wasn't enough to future proof a TCO on a purchase. Right now, my S40 has a $9600 residual (monthly lease $120 a month higher though) and if the pack

1) Holds up well, I will buy

2) Degrades so fast a warranty replacement is likely

I will buy.
Current range is fine. "Minus 20%" will be barely doable. But for my wife, she can use it even at 4 bars left, but she'd rather have a used model Y, so it's a race to see which happens first.

Anyway, it has enough warranty life left to justify buying it. I'm just looking for ideas on how to minimize those pesky dealer fees.

Re: End of Lease Strategies?

Posted: Fri Jul 19, 2019 2:16 pm
by socaluser
Hello everyone,

I am located in Orange County and currently have a 24 KWh 2016 S with QC option. My lease ends in early Sept and I haven't exceeded 36K and my residual is only 9000. I've read about the last 20 pages of this thread and am trying to come up with a strategy. I currently have all 12 bars. I haven't loaded up LeafSpy to determine the SOH but that's on my list. My original lease terms were 0 down and 170/month, which I'm guessing I won't be able to replicate again this time! SO, with my total lease payments come out to 6K - 2.5K for the CA rebate. This means, with the residual, I would have only paid $12.5K if I chose to keep it. 2016 Leafs seem to be going for around 10-12K here, so keep the car seems like a no brainer with my $9K residual.

I'm fine with keeping the car, but would obviously like a 30KW or maybe even 40 so I'm open to leasing a new Leaf, but really don't want to pay the $300/month with $3K down that I'm seeing! My commute is only 10 miles each way and I driven about 10.5K miles a year.

Am I way off base with any of my thinking here? Any thoughts or suggestions are greatly appreciated! Thanks.

Re: End of Lease Strategies?

Posted: Fri Jul 19, 2019 2:32 pm
by LeftieBiker
With your commute, unless you take much longer trips you have no need for a larger battery and should keep your Leaf.

Re: End of Lease Strategies?

Posted: Fri Jul 19, 2019 4:18 pm
by socaluser
LeftieBiker wrote:With your commute, unless you take much longer trips you have no need for a larger battery and should keep your Leaf.
Thanks for the reply LeftieBiker. What you say is true. However, if I had a 30/40 KWH battery, we could eliminate more weekend ICE trips on our primary car, so if the price is right, that might be a good way to go.

Would you agree that keeping the car isn't too much of a risk since my residual is lower than what 2016 Leafs are going for?

Re: End of Lease Strategies?

Posted: Fri Jul 19, 2019 4:28 pm
by SageBrush
socaluser wrote:Hello everyone,

I am located in Orange County and currently have a 24 KWh 2016 S with QC option. My lease ends in early Sept and I haven't exceeded 36K and my residual is only 9000. I've read about the last 20 pages of this thread and am trying to come up with a strategy. I currently have all 12 bars. I haven't loaded up LeafSpy to determine the SOH but that's on my list. My original lease terms were 0 down and 170/month, which I'm guessing I won't be able to replicate again this time! SO, with my total lease payments come out to 6K - 2.5K for the CA rebate. This means, with the residual, I would have only paid $12.5K if I chose to keep it. 2016 Leafs seem to be going for around 10-12K here, so keep the car seems like a no brainer with my $9K residual.

I'm fine with keeping the car, but would obviously like a 30KW or maybe even 40 so I'm open to leasing a new Leaf, but really don't want to pay the $300/month with $3K down that I'm seeing! My commute is only 10 miles each way and I driven about 10.5K miles a year.

Am I way off base with any of my thinking here? Any thoughts or suggestions are greatly appreciated! Thanks.
As I posted in another thread, a UT dealer is selling the 40 kWh LEAF 'S' model for $21,500 before tax credits or TTL. Figure out your tax credits and go from there. The CVRP requires in-state purchase.

I suggest you ignore your lease -- that is a sunk cost. Instead, compare a
$9000 ~ 18 kWh, 3 year old LEAF to
Whatever is otherwise available to you.

As a second, lightly used commuter your car is kinda sorta an OK-ish deal.
If it is your only car, it will hamstring you in a few short years.