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Nubo
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Re: End of Lease Strategies?

Tue Oct 21, 2014 10:53 am

TimLee wrote:
LTLFTcomposite wrote:Oh I heard the export talk from a sales guy, that they were all going to be sent to the islands. Like they're paying top dollar?
Prices in many non-US markets for new LEAFs are ridiculously high.
As are the prices for replacement parts (See thread on UK LEAF owner that saved huge £ by purchasing emergency brake component from US.)
Don't think they are going to the islands, but quite a few are going to Norway and other European countries.
What "islands" are we talking about?
I noticed you're still working with polymers.

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LTLFTcomposite
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Re: End of Lease Strategies?

Tue Oct 21, 2014 11:24 am

Nubo wrote:What "islands" are we talking about?
I learned long ago that when a car salesman is talking there isn't much to be gained by interrupting them and asking for specifics.
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
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LeftieBiker
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Re: End of Lease Strategies?

Tue Oct 21, 2014 11:29 am

mm2001 wrote:With my Leaf coming off lease soon, I'm trying to plan ahead for no surprises.

Any advice for the inspection? What sort of things are they looking for and what will they charge? E.g. our front has some kerb scrapes and there are some small side panel scrapes. I'm wondering if it's best to take it to a local smash repair/paint place and have them do touch up before I return it?

Any other suggestions for what is considered "normal wear and tear"?

Has anyone else had surprise costs when turning in their Leaf? Also, is this experience going to vary by dealer? (In which case, any suggestions for a good SF Bay area dealer to handle the return?)

Many thanks in advance!
Nissan has a guide to show you what they will 'ding' you for in the way of damage. It's much more strict (much worse) than most. That scrape will count, as will any other 'scratch deep enough to catch a fingernail'. Any holes in the fabric are counted. This may all be moot if you will be leasing or buying another Nissan, but if you aren't you will need to either do some repairs (touch up paint not allowed!) or pay for them.
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Nubo
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Re: End of Lease Strategies?

Tue Oct 21, 2014 1:23 pm

I plan on leasing another LEAF. Should I talk to the salesman before I schedule the inspection? Or is it a matter of having the inspection in-hand and negotiating/waiving some items?
I noticed you're still working with polymers.

LeftieBiker
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Re: End of Lease Strategies?

Tue Oct 21, 2014 3:39 pm

Just get the best deal and then tell them you won't pay for end of lease fees or damage. They will often wave $500 in damage or more.
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LTLFTcomposite
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Re: End of Lease Strategies?

Tue Oct 21, 2014 4:02 pm

Nubo wrote:I plan on leasing another LEAF. Should I talk to the salesman before I schedule the inspection? Or is it a matter of having the inspection in-hand and negotiating/waiving some items?
Here's how the nice lady at NMAC told me this would go down:

You can schedule your inspection up to 90 days prior to turning in the vehicle. At that point we should get a feel for how picky they will be. It wasn't clear how they account for additional wear or damage that might happen after the inspection; but there was some language about that, presumably if you try to turn in the car in noticeably worse shape than the inspection reflects the dealer will raise a red flag.

About 60 days after you turn in the car they will generate a "financial liability statement" to show what you owe to close out the account. Included in that statement is a form where you indicate if you bought or leased another new Nissan. If you did, the $399 lease termination fee and up to $500 of excess wear is subtracted from whatever you owe.

Now none of the above applies if the dealer is actually buying the car, ie taking it on a trade, in that case it's like any other car that has a loan against it, they can pay it off and it's up to the dealer to decide what condition it is in and if it's worth what they are allowing you for it. Be aware though, your Leaf is almost certainly not worth what is owed on the lease (the residual), so any dealer that tells you they are getting you out of it is just tacking the negative onto the next purchase or lease. This is not in your best interest; since the lease basically gives you the right to give it back to NMAC, the fact that it isn't worth the lease payoff amount is their loss. Don't let them try to put it back on you with higher payments on a new car.

Sooooo, if you can live without replacing the car right away you have a little time to decide on what to get next. I may take a few weeks to decide, that time frame should take me through NAIS in January.

If I said anything here that doesn't sound right please correct me.
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue
2016 SV-adjacent May 2016 lost 4th bar March 2018

DaveinOlyWA
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Re: End of Lease Strategies?

Wed Oct 22, 2014 5:53 am

Definitely get it inspected early enough to fix what needs fixing. Plus this gives u time to consider your options
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MicStr
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Re: End of Lease Strategies?

Tue Oct 28, 2014 8:39 pm

DaveinOlyWA wrote:
LTLFTcomposite wrote:Looks like there won't be a pullahead deal this fall. Of course a dealer can get me out of my current overpriced lease early but because the market value of the car is less than the residual all they would be doing is rolling the negative into the next lease or purchase.

I did confirm a couple of interesting things though talking to NMAC. if I purchase or lease another Nissan or infinity they will waive the termination fee and also allow me up to $500 of excess wear. We've kept the car in pristine condition but the tires are getting a little thin and that might be an issue so I'm hoping that $500 waiver would cover that.
But here's the interesting part: you don't need to buy or lease the new car at exactly the time you turn in the old one. You have about 60 days to buy or lease the new vehicle and still get those waivers credits. So we might try to limp along with one car for a few weeks until the North American Auto Show announcement where we see what the 2016 looks like, then decide where to go from there. Even though availability would still be several months away it would still be nice to make an informed decision.
they waived $843 on mine
What did you say to get them to waive more than $500 on excess wear? The dealers I'm talking to don't seem to be willing to "eat" the repair costs (I had the appraiser come out and said I needed $1000 of repairs - dent, scratches from kids bikes, crack in rear light panel). One salesman said they could "work it in" - thus less/no wiggle room on monthly payment. Thoughts?

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Spies
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Re: End of Lease Strategies?

Tue Oct 28, 2014 10:02 pm

LTLFTcomposite wrote:Sooooo, if you can live without replacing the car right away you have a little time to decide on what to get next. I may take a few weeks to decide, that time frame should take me through NAIS in January.

If I said anything here that doesn't sound right please correct me.
One thing that may make the decision more urgent is if you have access to the $1,000 Owner Loyalty Cash as it is set to expire 01/02/2015 according to my records.
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pkulak
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Re: End of Lease Strategies?

Wed Oct 29, 2014 6:46 am

I plan on buying a used Leaf to replace my lease. Probably through the same dealer I got this lease from. Will that qualify me for waived fees and the like?

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