carolle
Posts: 38
Joined: Mon Apr 08, 2013 1:34 pm
Delivery Date: 08 Apr 2013
Location: San Jose, CA

Re: End of Lease Strategies?

Fri Nov 20, 2015 12:55 am

My initial 2-year lease started April, 2013. The term was:

SV + LED + QC (most popular trims at that time)
$2000 down payment
$170/mo * 23 months (including tax)
$395 disposition fee if necessary
12k/year
Total: $5910 + $395 for two years, or $3,150 per year

So far, I only drove 18,000 miles for 2.5 years.

And, I extended 1-year lease with the same monthly payment and two free month credits. So, April, 2016 will be the final lease month.

The first one-month credit was applied at the first month of the extended year. I believe the other credit will be there at the final month.

Total is $7610 + $395 for three years, or $2670 per year.

(1) Is there anyone who gets the second lease extension promotion? I don't want to buy this car, but may extend one more year.

(2) I heard that because my total lease is 36 months, I'm eligible to apply CVRP $2500 rebate program. Anyone who tried to get this rebate after the extension?

cwerdna
Gold Member
Posts: 7185
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: End of Lease Strategies?

Fri Nov 20, 2015 2:14 am

carolle wrote:My initial 2-year lease started April, 2013. The term was:
...
(2) I heard that because my total lease is 36 months, I'm eligible to apply CVRP $2500 rebate program. Anyone who tried to get this rebate after the extension?

No, you won't be eligible. See viewtopic.php?p=420998#p420998.

They've also added verbiage to https://cleanvehiclerebate.org/eng/faqs to indicate that you won't be eligible. Under " How do I know if I can apply for a rebate?" there's now "Retain ownership of the vehicle for a minimum of 30 consecutive months* immediately after the vehicle purchase or lease date. Original lease terms of at least 30 months are required for program eligibility."

'13 blue Leaf SV w/premium package (owned)
'13 blue Leaf SV w/QC + LED & premium packages (lease over, car returned)
'06 Prius

LeftieBiker
Posts: 7145
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Wed Jan 20, 2016 3:20 pm

I want to share my good fortune here, especially as this forum was the source of it. After spending almost 1/2 hour on Hold with NMAC (I never do that, but today I used my cell phone and did other stuff at the same time) I got through to a Nissan end of lease specialist who told me, before I could even state my reason for calling "I can answer your question instantly." They are indeed extending Leaf leases by 24 months from the end of the original lease. I'm still not sure if it's only the 2013 Leaf, but I got the impression that it may include other years as well. In my case, I just got an extension until June of 2017, at the $159 a month ($149 original payment, plus $10 sales tax) I'm paying on my current extension. That's great news for me! Instead of scrambling to try to finagle an overpriced lease this Spring, I can wait until the 107 mile range 2016 SV is the car they want to clear out, instead of the one you must beg and bribe (heavily, with huge down payments) to lease. This is a very smart move on the part of Nissan, as it will keep a lot of people like me in the ranks of Leaf drivers.

The number to call, BTW, is 1-800-854-3310. That was given me by the first helpful Customer Rep, in case I was disconnected while being transferred to the EOL specialist.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

alcalira
Posts: 87
Joined: Thu Dec 13, 2012 10:21 am
Delivery Date: 11 Nov 2012
Leaf Number: 025628
Location: Davis, California

Re: End of Lease Strategies?

Sat Jan 23, 2016 10:04 pm

A few months ago I asked NMAC about extending the lease on our 2013 SV for a second year and was told that they no longer offer extensions. Based on this post, however, I will try for a second extension. It was a 24 month lease, and we got a one-year extension last May. Extending for another year would be a good deal. Thanks for the tip!
Two-LEAF household: 2012 SL, Cayenne Red; 2013 SV with QC + Premium, Blue Ocean

LeftieBiker
Posts: 7145
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Sat Jan 23, 2016 11:00 pm

I was also told, just last month (December) that there would be no more lease extensions. The moral is: never take "No" for a final answer.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

mn4az
Posts: 27
Joined: Wed Apr 24, 2013 5:24 pm
Location: USA

Re: End of Lease Strategies?

Fri Jan 29, 2016 5:51 pm

For those of you with '13s that are leased, what discounts off residuals is NMAC offering these days? $5K? $6K? Higher?

What's the speculation as to what it might be come Spring of '17?

dm33
Posts: 669
Joined: Sat May 18, 2013 4:43 am
Delivery Date: 31 May 2013
Location: Raleigh, NC

Re: End of Lease Strategies?

Fri Jan 29, 2016 6:19 pm

mn4az wrote:For those of you with '13s that are leased, what discounts off residuals is NMAC offering these days? $5K? $6K? Higher?

What's the speculation as to what it might be come Spring of '17?

In Nissan's infinite wisdom... they've REDUCED the discount. It was $6500 last summer, but apparently used prices have come up and they've reduced the discount to $5000. They do not seem eager at all to keep you in the car nor get you in a new one.

gungam
Posts: 2
Joined: Mon Feb 01, 2016 11:07 am
Delivery Date: 01 Feb 2016

Re: End of Lease Strategies?

Mon Feb 01, 2016 11:17 am

Hi- looks like a lucky day for me. I called up 1-800-854-3310 number and was on with a lease specialist in 3 min.
I asked him options for my end of lease for 2013 Leaf (expiring first week of March). He said there are three options 1)Purchase and right now special is going with $6000 discount which will be till end of month and so I can think about it 2)extend the lease upto by a year, it will be month-month contract. I am in WA so price will remain same as current lease. 3)Return.
He was super nice. Said I have time and can think. I told him i want to renew the lease. He confirmed sending me some documents which I have to sign and then they will just process the extension.
I was worried about extension reading all the comments. Looks like all the comments helped and made Nissan change their support. Thanks all for providing information here on forums.

LeftieBiker
Posts: 7145
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: End of Lease Strategies?

Mon Feb 01, 2016 12:11 pm

That phone number appears to be key. I had tracked it down in December, but when they told me "no more lease extensions" I tossed it. Then I had to to get it again the hard way, so I posted it here near the end of the topic. I'm glad it worked for you. The $6k buyout discount is tempting, but with the warranty ending I think it would have to be $7500, for me.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

egizzi
Posts: 19
Joined: Sat Mar 30, 2013 9:17 am
Delivery Date: 30 Mar 2013

Re: End of Lease Strategies?

Fri Feb 05, 2016 9:30 am

I can confirm that the phone number is key. I had posted previously about going through the main number and being told no options. I had even received my end-of-lease paperwork and there was no extension offer. I just called the number, picked up after 2 rings, 2 minutes later I am receiving paperwork via email for a 12 month extension. That was easy.

I have a 2013S

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