Oils4AsphaultOnly
Posts: 698
Joined: Sat Oct 10, 2015 4:09 pm
Delivery Date: 20 Nov 2016
Leaf Number: 313890
Location: Arcadia, CA

Re: End of Lease Strategies?

Tue Jul 16, 2019 8:40 am

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?
:: Model 3 LR :: acquired 9 May '18
:: Leaf S30 :: build date: Sep '16 :: purchased: Nov '16
100% Zero transportation emissions (except when I walk) and loving it!

LeftieBiker
Moderator
Posts: 13231
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Tue Jul 16, 2019 12:12 pm

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.
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.

Oils4AsphaultOnly
Posts: 698
Joined: Sat Oct 10, 2015 4:09 pm
Delivery Date: 20 Nov 2016
Leaf Number: 313890
Location: Arcadia, CA

Re: End of Lease Strategies?

Tue Jul 16, 2019 12:26 pm

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.
:: Model 3 LR :: acquired 9 May '18
:: Leaf S30 :: build date: Sep '16 :: purchased: Nov '16
100% Zero transportation emissions (except when I walk) and loving it!

LeftieBiker
Moderator
Posts: 13231
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Tue Jul 16, 2019 2:42 pm

You can email multiple Nissan dealers for quotes on the OTD buyout price. IIRC, a credit union may also be able to do 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.

DaveinOlyWA
Posts: 14149
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Feb 2018
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: End of Lease Strategies?

Wed Jul 17, 2019 5:22 am

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.
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 15,000 miles, 478 GIDs, 37.0 kwh 109.81 Ahr , SOH 94.61, Hx 120.15
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

Oils4AsphaultOnly
Posts: 698
Joined: Sat Oct 10, 2015 4:09 pm
Delivery Date: 20 Nov 2016
Leaf Number: 313890
Location: Arcadia, CA

Re: End of Lease Strategies?

Wed Jul 17, 2019 1:56 pm

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.
:: Model 3 LR :: acquired 9 May '18
:: Leaf S30 :: build date: Sep '16 :: purchased: Nov '16
100% Zero transportation emissions (except when I walk) and loving it!

socaluser
Posts: 7
Joined: Sun Aug 28, 2016 9:09 pm
Delivery Date: 29 Aug 2016

Re: End of Lease Strategies?

Fri Jul 19, 2019 2:16 pm

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.

LeftieBiker
Moderator
Posts: 13231
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: End of Lease Strategies?

Fri Jul 19, 2019 2:32 pm

With your commute, unless you take much longer trips you have no need for a larger battery and should keep your Leaf.
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.

socaluser
Posts: 7
Joined: Sun Aug 28, 2016 9:09 pm
Delivery Date: 29 Aug 2016

Re: End of Lease Strategies?

Fri Jul 19, 2019 4:18 pm

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?

SageBrush
Posts: 4907
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: End of Lease Strategies?

Fri Jul 19, 2019 4:28 pm

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.
2013 LEAF 'S' Model with QC & rear-view camera
Bought off-lease Jan 2017 from N. California
Two years in Colorado, now in NM
03/2018: 58 Ahr, 28k miles
11/2018: 56.16 Ahr, 30k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

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