DaveinOlyWA
Posts: 14157
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Sat Apr 27, 2019 10:38 am

jjgilham wrote:I was curious about the strategy you mention. If I overpaid, would they just credit it to my account and lower the payoff value? I asked two different people on the Leaf-line (800 854 3310) and they both said that NMC would not accept over payment which is a shame.

Why they don't have it setup so you can just send them the balance owed to execute a buyout? It does appear that banks can do that and the best "buyout" option may be buying the car out through a bank or credit union. My credit union sets up a loan for the balance, there are no fees, they become the lien holder and it does not appear there are dealer fees involved. The credit union charges no fee for early payoff so I could just settle with them at my leisure. Has anyone tried this?

When I was investigating buyout my local dealer (Eastside Nissan, Redmond WA) wants to cut themselves in for $1500 for handling the buyout. I told them no-thank you. When I later told them that another dealer (Younker Nissan, Renton WA) would do it for $300 they said they would as well. This is Just disgusting in my opinion. I've got no problem with them making a little bit on the transaction as it is some paperwork etc. but I think a few hundred is more than plenty.
SHOP AROUND!!

You can purchase your lease from any Nissan dealership in the country. I would pay no more than the stated $300 (or whatever it is) Realize its costing the dealership a fraction of that cost to process your paperwork AND they still get a cut from NMAC for handling the transaction.

Check with Ray at Everett Nissan. He may not be able to give you the best deal but he will be honest about what your options are.
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 25,185 miles SOH 92.23%
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

LeftieBiker
Moderator
Posts: 13283
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Sat Apr 27, 2019 2:06 pm

Nope. Its a contract that means payment balance is run to zero. Residual value is the terms of a new contract; used car purchase. He would simply be refunded the difference.
Our mortgage was also a legal contract. We made modest over-payments for about 10 years and were able to pay off the house about 3 years early, saving thousands of dollars. It all depends on the wording.
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: 14157
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 Apr 27, 2019 5:12 pm

LeftieBiker wrote:
Nope. Its a contract that means payment balance is run to zero. Residual value is the terms of a new contract; used car purchase. He would simply be refunded the difference.
Our mortgage was also a legal contract. We made modest over-payments for about 10 years and were able to pay off the house about 3 years early, saving thousands of dollars. It all depends on the wording.
As different as you can get. A lease has specific payment, length, etc. You can pay lease off earlier and save a few dimes on rent charge but that won't change the residual unless you change the term of the contract. Get an extension. That would do it.
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 25,185 miles SOH 92.23%
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

LeftieBiker
Moderator
Posts: 13283
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Sat Apr 27, 2019 5:17 pm

How about you just admit that "Nope. Its a contract that means payment balance is run to zero." was a little too general?
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.

72andsunny
Posts: 19
Joined: Fri Apr 14, 2017 9:53 pm
Delivery Date: 23 Oct 2015

Re:

Sat Jun 01, 2019 10:51 am

DaveinOlyWA wrote:
jjgilham wrote:I was curious about the strategy you mention. If I overpaid, would they just credit it to my account and lower the payoff value? I asked two different people on the Leaf-line (800 854 3310) and they both said that NMC would not accept over payment which is a shame.

Why they don't have it setup so you can just send them the balance owed to execute a buyout? It does appear that banks can do that and the best "buyout" option may be buying the car out through a bank or credit union. My credit union sets up a loan for the balance, there are no fees, they become the lien holder and it does not appear there are dealer fees involved. The credit union charges no fee for early payoff so I could just settle with them at my leisure. Has anyone tried this?

When I was investigating buyout my local dealer (Eastside Nissan, Redmond WA) wants to cut themselves in for $1500 for handling the buyout. I told them no-thank you. When I later told them that another dealer (Younker Nissan, Renton WA) would do it for $300 they said they would as well. This is Just disgusting in my opinion. I've got no problem with them making a little bit on the transaction as it is some paperwork etc. but I think a few hundred is more than plenty.
SHOP AROUND!!

You can purchase your lease from any Nissan dealership in the country. I would pay no more than the stated $300 (or whatever it is) Realize its costing the dealership a fraction of that cost to process your paperwork AND they still get a cut from NMAC for handling the transaction.

Check with Ray at Everett Nissan. He may not be able to give you the best deal but he will be honest about what your options are.
My local dealer wanted the $300 transfer fee, $340 doc fee, $20 license fee, and sales tax. I kept trying to find a more reasonable offer (and I had several without the $340 fee), but they all wanted me to bring the car in. I’m in Hawaii, which I didn’t keep a secret. They all said they couldn’t do the sale (even the people recommended on this thread). Finally, a salesman in Washington said any financial institution could take care of this for me. So I called USAA, my payoff amount was the actual number provided by Nissan Finance. No fees at all (even the $300 specified in the lease contract). I’ll have to pay $10 when I take the title to the DMV and I assume sales tax. I’ll update as soon as I get the title.

DaveinOlyWA
Posts: 14157
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Nov 2019
Leaf Number: 319862
Location: Olympia, WA
Contact: Website

Re: Re:

Wed Jun 05, 2019 6:38 am

72andsunny wrote:
DaveinOlyWA wrote:
jjgilham wrote:I was curious about the strategy you mention. If I overpaid, would they just credit it to my account and lower the payoff value? I asked two different people on the Leaf-line (800 854 3310) and they both said that NMC would not accept over payment which is a shame.

Why they don't have it setup so you can just send them the balance owed to execute a buyout? It does appear that banks can do that and the best "buyout" option may be buying the car out through a bank or credit union. My credit union sets up a loan for the balance, there are no fees, they become the lien holder and it does not appear there are dealer fees involved. The credit union charges no fee for early payoff so I could just settle with them at my leisure. Has anyone tried this?

When I was investigating buyout my local dealer (Eastside Nissan, Redmond WA) wants to cut themselves in for $1500 for handling the buyout. I told them no-thank you. When I later told them that another dealer (Younker Nissan, Renton WA) would do it for $300 they said they would as well. This is Just disgusting in my opinion. I've got no problem with them making a little bit on the transaction as it is some paperwork etc. but I think a few hundred is more than plenty.
SHOP AROUND!!

You can purchase your lease from any Nissan dealership in the country. I would pay no more than the stated $300 (or whatever it is) Realize its costing the dealership a fraction of that cost to process your paperwork AND they still get a cut from NMAC for handling the transaction.

Check with Ray at Everett Nissan. He may not be able to give you the best deal but he will be honest about what your options are.
My local dealer wanted the $300 transfer fee, $340 doc fee, $20 license fee, and sales tax. I kept trying to find a more reasonable offer (and I had several without the $340 fee), but they all wanted me to bring the car in. I’m in Hawaii, which I didn’t keep a secret. They all said they couldn’t do the sale (even the people recommended on this thread). Finally, a salesman in Washington said any financial institution could take care of this for me. So I called USAA, my payoff amount was the actual number provided by Nissan Finance. No fees at all (even the $300 specified in the lease contract). I’ll have to pay $10 when I take the title to the DMV and I assume sales tax. I’ll update as soon as I get the title.

GREAT NEWS!!

You wouldn't by chance have the name and location of that salesman?
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 25,185 miles SOH 92.23%
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

72andsunny
Posts: 19
Joined: Fri Apr 14, 2017 9:53 pm
Delivery Date: 23 Oct 2015

Re: End of Lease Strategies?

Fri Jun 14, 2019 3:56 pm

It was your guy in Everett.

In other news: Nissan Finance has screwed me. They cashed the check from my bank and after I called twice asking where my title is, have told me that only a dealership in Hawaii can handle the transaction. Thanks for telling me before I took out an auto loan that I only took out because you told me to. Anyway, they’re checking to see if they can keep my check and I can just show up at a dealership to sign paperwork.

DaveinOlyWA
Posts: 14157
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?

Fri Jun 14, 2019 5:06 pm

72andsunny wrote:It was your guy in Everett.

In other news: Nissan Finance has screwed me. They cashed the check from my bank and after I called twice asking where my title is, have told me that only a dealership in Hawaii can handle the transaction. Thanks for telling me before I took out an auto loan that I only took out because you told me to. Anyway, they’re checking to see if they can keep my check and I can just show up at a dealership to sign paperwork.
Ray is DA MAN!!

As far as NMAC; why does it seem like there is never an easy answer when they are involved?
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 25,185 miles SOH 92.23%
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

blimpy
Posts: 125
Joined: Mon Nov 03, 2014 12:36 pm
Delivery Date: 0- 0-2014

Re: End of Lease Strategies?

Tue Jun 25, 2019 8:21 pm

Well, here I am - like so many before me- four months from the end of a 3 year lease on a 2016 SV (30KwH 8500 miles).
Our stated pay out will be about $11,000 in Nov 2019. Which always tracks Nada /KBB pretty closely.
I had hoped we could negotiate to buy some where closer to wholesale..but as it is we will be paying about $19 K for the car ( we got a LOT of governmental/utility rebates which won't exist for a newer EV).
Obviously because we have driven the car so little, it has cost us $1 a mile to lease the car, Plus $436 a year License and $7=900 a year for insurance .
A lease was the only way for us to realize the $10K federal subsidy ( except buying a lease return !)
The posts from late 2018 on make it pretty clear there is no promotional money hence no lower price to be had.
If Nissan had made their 2020 goal of a fully autonomus leaf.. we would have tried to buy one..just be cause we are OLD..and live out in the sticks.
I figured that when/if our battery degrades 30% if our efficiency remains at 1% = 1 mile we will still have 25-30% more range than we need for the typical needs of old pharts..shopping and doctors on a typical 40 mile round trip.
if our battery is good for 10 years we are golden...3 years we are escrewed.
So there is the real meat of our decision to buy. it's been too expensive this far..and only longevity will make it be what we'd hoped for. er
I read senor lefties theory about pack density and heat..but when the same discharge is drawn from a larger pack, the RATE is lower and the heat generated is less (works this way in ALL battery types). At very high rates more problems, but if operated sensibly the pack will literally be exhausted before it overheats. But clearly there is a limit to the size and allowable discharge rate, before lack of forced cooling limits what can be safely done.
which is why teslas BURN baby..high rate and high density (and idiiot company).
"come to terms with your ass for it bears you" eh. ?
2016 SV purchased 11/2/16 With Subsidies From Sonoma Clean Power, North Sonoma Air Pollution Control District, Evergreen, and State of California, and $15,000 in discounts from Jim Bone Nissan Santa Rosa California. :D Color Me GRATEFUL Long Time Coming !

LeftieBiker
Moderator
Posts: 13283
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Tue Jun 25, 2019 10:24 pm

I don't think any longer that the problem with the 30kwh pack is the density. If that were it then they would have the same issues more or less uniformly, adjusted for average load and climate. As it is we see some packs behaving pretty much as a 30kwh Lizard pack would do, and others degrading more like Canary packs. It seems to be more a combination of build quality, a few badly programmed BMS units, and another factor that may be a chemistry with a very well-defined idea of what amount of heat is acceptable and what isn't. At any rate, if your pack is holding up well, and hasn't degraded much yet, I don't think it's likely to suddenly take a nosedive in capacity. Keep it.
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.

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