User avatar
kikbuti
Posts: 101
Joined: Wed Apr 03, 2013 7:28 pm
Delivery Date: 14 Apr 2017
Leaf Number: 311978
Location: Cincinnati, OH

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Apr 15, 2015 10:28 am

Turning in my 2013 Leaf SL today. NMAC never offered a reduced residual price to buy my leased vehicle.

Lessors typically insure the residual value. Sometimes, lessors will enhance the established value listed in the Automotive Leasing Guide (ALG.) The amount enhanced is uninsured. Any difference in the insured ALG residual value and the actual cash value is paid to the lessor by the insurance company. Some insurance companies went bankrupt insuring the $99 per month Ford Pintos in the 80s as I recall. Some lessors self insure and that may be what NMAC is doing. The actual cash value is established by sale at auction. Sometimes you set a reserve (minimum) and sometimes you don't. The reserve has little effect on the sale price. If the reserve is too high, dealers won't buy the vehicle. Plain and simple. There are many other vehicles for sale. Sometimes, no reserve vehicles bring higher prices as no reserve auctions encourage bidding. Lease return vehicles are not auctioned at public auctions like repo auctions. The commercially accepted manner of establishing an actual cash value of a lease return vehicle is to sell it at a dealer auction.
2013 Cayenne Red Leaf SL ordered April 3rd Delivered April 17, 2013 2-yr lease ended

2016 Pearl White Leaf SL Premium April 14, 2017
Siemens VersiCharge 240V 30A EVSE

2017 Volvo XC60 Inscription

TimLee
Posts: 2811
Joined: Thu Jan 20, 2011 9:40 am
Delivery Date: 17 May 2011
Leaf Number: 2026
Location: Chattanooga, TN

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Thu Apr 16, 2015 6:11 am

kikbuti wrote:Turning in my 2013 Leaf SL today. NMAC never offered a reduced residual price to buy my leased vehicle.

...
Did you contact NMAC and request a reduced residual?

NMAC did contact some people.
But others reported they had to push the issue with NMAC to get the offers, either substantially reduced residual or lease extension with two monthly payment coupons.

Tim Lee
Chattanooga, TN

Man. Date: 03/10/11, VIN # 2026
Delivered 05-17-2011
Blue Ocean, 2011 SL-eTec

SteveInSeattle
Posts: 455
Joined: Sat Jul 31, 2010 4:33 pm
Delivery Date: 03 May 2011
Location: Lake Forest park, WA
Contact: Website

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Thu Apr 16, 2015 11:50 am

Nissan offered me $4000 off residual for my 2013, that would be 17,800. Seems they should have offered more if they are getting so little at auction. I would have bought mine for $16,000 (SL premium). I had to contact them, I never received any offer until I called them.
2013 lease ended, purchased a red 2015 SL Premium from Ray Ishak at Magic Nissan. Good deal + rebates + $7500 tax credit + no sales tax = Leaf for Sentra money.

dudley
Posts: 4
Joined: Mon Apr 22, 2013 3:35 pm
Delivery Date: 21 Apr 2013
Leaf Number: 404728
Location: portland, OR

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Tue Apr 21, 2015 9:07 am

I'm in the return mode right now. I got a call from Nissan and has me thinking. 2 months ago 1,000 off if I buy ( 20,400 ) todays new offer is 5,000 off (16,400) or 2 free months is my last off. 19,000 mile on the car only thing I don't like is brake mode not working like it use to, after so update last year. still have a 10 day grace.
2013 nissan leaf sv

User avatar
kikbuti
Posts: 101
Joined: Wed Apr 03, 2013 7:28 pm
Delivery Date: 14 Apr 2017
Leaf Number: 311978
Location: Cincinnati, OH

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Tue Apr 21, 2015 11:16 am

TimLee wrote:
kikbuti wrote:Turning in my 2013 Leaf SL today. NMAC never offered a reduced residual price to buy my leased vehicle.

...
Did you contact NMAC and request a reduced residual?

NMAC did contact some people.
But others reported they had to push the issue with NMAC to get the offers, either substantially reduced residual or lease extension with two monthly payment coupons.
NMAC contacted me and asked my intentions for end of lease. After I told them that I intended to return the vehicle and not replace it, that was the end of the discussion. I returned the vehicle to the dealer who asked the same question.
2013 Cayenne Red Leaf SL ordered April 3rd Delivered April 17, 2013 2-yr lease ended

2016 Pearl White Leaf SL Premium April 14, 2017
Siemens VersiCharge 240V 30A EVSE

2017 Volvo XC60 Inscription

Reddy
Posts: 1544
Joined: Fri Feb 11, 2011 3:09 pm
Delivery Date: 18 Aug 2011
Leaf Number: 006828
Location: Pasco, WA

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Tue Apr 21, 2015 4:57 pm

Well, this should help drop used EV prices even more. Why buy used when you can get a new spark for $15K?
http://www.greencarcongress.com/2015/04 ... arkev.html
Reddy
2011 SL; 9 bar, 45.80 AHr; 45,000 mi; rcv'd Aug 18, 2011
Long: http://www.mynissanleaf.com/viewtopic.p ... al#p226115"
Cold: http://www.mynissanleaf.com/viewtopic.p ... 60#p243033"

dhanson865
Moderator
Posts: 1496
Joined: Wed May 25, 2011 7:12 am
Leaf Number: 16156
Location: Tennessee

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Tue Apr 21, 2015 6:07 pm

Reddy wrote:Well, this should help drop used EV prices even more. Why buy used when you can get a new spark for $15K?
http://www.greencarcongress.com/2015/04 ... arkev.html
*Only valid in California and Oregon and in limited quantities (per http://www.chevrolet.com/spark-ev-electric-vehicle.html" onclick="window.open(this.href);return false; )

Maryland will have Spark EV’s available beginning in mid-2015. (per the greencarcongress link)
Blue 2012 Leaf 195/65/15 tires, 15" Rims
Silver 2012 Leaf 16" stock wheels
http://www.mynissanleaf.com/wiki/index. ... acity_Loss
(efficiency 3.x KW vs 6.x KW)
please join Truedelta.com and input your repairs.

DarthPuppy
Posts: 728
Joined: Sun Aug 11, 2013 8:45 pm
Delivery Date: 11 Aug 2013

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Tue Apr 21, 2015 8:01 pm

Reddy wrote:Well, this should help drop used EV prices even more. Why buy used when you can get a new spark for $15K?
http://www.greencarcongress.com/2015/04 ... arkev.html
Have you driven the Spark? I test drove it and am not interested no matter how low they price it.

Most of the other EVs I've tested I would seriously consider. These include Tesla, eGolf, Volt, B, Focus and Smart. I want to eventually test the i3, Kia and Fiat, but I'm not real fond of their styling so I'm in no rush. If I was turning in my Leaf today, the eGolf and B would be the real contenders. But we still love our Leaf, so we can probably hang in there until the gen 2 or 3 models are out.
'13 Leaf SL
'18 Honda Clarity Touring PHEV

User avatar
DaveEV
Posts: 6242
Joined: Fri Apr 23, 2010 3:51 pm
Location: San Diego

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Tue Apr 21, 2015 11:39 pm

DarthPuppy wrote:Have you driven the Spark? I test drove it and am not interested no matter how low they price it.
I have, it's pretty good. Definitely a budget interior compared to the LEAF, but it's fine. Torque was great off the line, feels much quicker than the LEAF and with stronger regen, too. Not sure on the range, but seems at least equal to the LEAF. Keep in mind that this was an A123 powered Spark EV and not the LG powered Spark EV, though.

Biggest drawback is that there are fewer QC stations for it and the OBC only does 16A with no option for 30A.

mikec518
Posts: 1
Joined: Sat Jun 06, 2015 10:47 am
Delivery Date: 06 Jun 2015
Leaf Number: 518196

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Sun Jun 07, 2015 6:59 am

tractioninc wrote:
greengate wrote:(I was told by someone who knows about these "things" that when the car is turned in after the lease has expired, that Nissan looses about 7 K on each one.)
I've been curious about that. The Wall Street Journal just cited a dealership near me that is receiving 100-150 Leafs each month as leases expire and has to turn in most of the cars to Nissan, even though Nissan offers current lessees $4,000 in incentives to buy the used model they are driving.
http://www.wsj.com/articles/resale-pric ... 1424977378" onclick="window.open(this.href);return false;
Yes interesting article I read it as well. The question is where are the leafs going? We see some of the leafs at auction or on used car sites however not these kind of numbers? Is Nissan storing the cars somewhere? I guess if you dump them all at auction the value of the car would plummet!

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