Oils4AsphaultOnly
Posts: 747
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 Jan 07, 2020 9:35 am

shop2order wrote:
Mon Jan 06, 2020 3:27 pm
I am at the end of my 3 years lease for a Nissan Leaf. I am interested in a lease buyout from Nissan Finance. I found a back that will be willing to finance this buyout and will work with Nissan Finance directly to get all payments and lien transfer DMV paperwork done.

However Nissan Finance insisted that California law requires that I go through dealer to get the lease buyout done. The dealer, of course, has told me that it will add a $300 purchase fee and a $495 Safety inspection and DMV/paperwork fee. Not sure if California has such a law - I have a feeling that Nissan is unnecessarily making this expensive for me.

Could you confirm if this is true for CA?
If you're in the area, Nissan of Glendale did my buyout with only the purchase fee.

A month before my lease ended, I did contact a 3rd party to help with lease buyout, and they wanted their own fees to be paid (which was more than the dealership fees!). Basically, your only choice is to shop amongst the dealerships to see which are willing to "help" you.

I was tempted to just return it and buy a used one, but it was more expensive going that route. So I bit the bullet and paid the transfer fee. The whole purchase process took almost an hour! But at least it's done now.
:: 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!

blueangel78
Posts: 14
Joined: Wed Feb 22, 2017 12:40 pm
Location: Bay Area, CA

Re: End of Lease Strategies?

Tue Jan 07, 2020 11:08 am

shop2order wrote:
Mon Jan 06, 2020 3:27 pm
I am at the end of my 3 years lease for a Nissan Leaf. I am interested in a lease buyout from Nissan Finance. I found a back that will be willing to finance this buyout and will work with Nissan Finance directly to get all payments and lien transfer DMV paperwork done.

However Nissan Finance insisted that California law requires that I go through dealer to get the lease buyout done. The dealer, of course, has told me that it will add a $300 purchase fee and a $495 Safety inspection and DMV/paperwork fee. Not sure if California has such a law - I have a feeling that Nissan is unnecessarily making this expensive for me.

Could you confirm if this is true for CA?
I'm in the same position and in CA (San Jose). When I spoke to NMAC over the phone about the process, the gentleman was super nice, and confirmed that I would have to go through a dealership. He did mention that I would be responsible for the buyout amount, a $295 fee (that is in the contract), and any taxes/dmv fees. BUT he did warn me that the dealership will try to charge a 'return' or 'inspection' fee, and that's not a real fee. That you can just go to another dealership and do the return there.

I emailed my dealership last night and they are trying to ping me on a fee too:

"Your Sales Tax and DMV Fee:11% or $1,000 (Approximate. Exact amount will be computed at purchase).
Safety Check & Nissan Fee: $695
Any outstanding lease payments: $0 if you have made your last scheduled payment.
Minimum amount to drive off: $9,100 + $1,000 = $10,100."

I'd love to know any strategies to get out of the bogus fee.

DaveinOlyWA
Posts: 14888
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?

Wed Jan 08, 2020 7:16 am

blueangel78 wrote:
Tue Jan 07, 2020 11:08 am
shop2order wrote:
Mon Jan 06, 2020 3:27 pm
I am at the end of my 3 years lease for a Nissan Leaf. I am interested in a lease buyout from Nissan Finance. I found a back that will be willing to finance this buyout and will work with Nissan Finance directly to get all payments and lien transfer DMV paperwork done.

However Nissan Finance insisted that California law requires that I go through dealer to get the lease buyout done. The dealer, of course, has told me that it will add a $300 purchase fee and a $495 Safety inspection and DMV/paperwork fee. Not sure if California has such a law - I have a feeling that Nissan is unnecessarily making this expensive for me.

Could you confirm if this is true for CA?
I'm in the same position and in CA (San Jose). When I spoke to NMAC over the phone about the process, the gentleman was super nice, and confirmed that I would have to go through a dealership. He did mention that I would be responsible for the buyout amount, a $295 fee (that is in the contract), and any taxes/dmv fees. BUT he did warn me that the dealership will try to charge a 'return' or 'inspection' fee, and that's not a real fee. That you can just go to another dealership and do the return there.

I emailed my dealership last night and they are trying to ping me on a fee too:

"Your Sales Tax and DMV Fee:11% or $1,000 (Approximate. Exact amount will be computed at purchase).
Safety Check & Nissan Fee: $695
Any outstanding lease payments: $0 if you have made your last scheduled payment.
Minimum amount to drive off: $9,100 + $1,000 = $10,100."

I'd love to know any strategies to get out of the bogus fee.
Can it be spelled out any clearer? Simply deal with someone who doesn't charge extra. First thing I would do is contact the dealer referenced above.
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 11,333.1 mi, 93.73% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

Dooglas
Posts: 300
Joined: Thu Apr 03, 2014 10:08 pm
Delivery Date: 04 Jan 2017
Leaf Number: 314779
Location: Oregon City, OR

Re: End of Lease Strategies?

Sun Jan 12, 2020 1:16 pm

shop2order wrote:
Mon Jan 06, 2020 3:27 pm
I am at the end of my 3 years lease for a Nissan Leaf. I am interested in a lease buyout from Nissan Finance. I found a back that will be willing to finance this buyout and will work with Nissan Finance directly to get all payments and lien transfer DMV paperwork done.

However Nissan Finance insisted that California law requires that I go through dealer to get the lease buyout done. The dealer, of course, has told me that it will add a $300 purchase fee and a $495 Safety inspection and DMV/paperwork fee. Not sure if California has such a law - I have a feeling that Nissan is unnecessarily making this expensive for me.

Could you confirm if this is true for CA?
I don't think this is specifically a CA issue. I bought my '16 S30 at end of lease. NMAC told me I had to do the buyback through a local dealer. The local dealer (in OR) charged me the purchase fee (which is stated in the lease agreement) and also charged me a document fee for processing the purchase. They did not charge an inspection fee, which they told me would only have been done if I turned the vehicle in at end of lease rather than purchasing it.
2013 Leaf SV - lease ended, 2016 Leaf S30 - purchased

DaveinOlyWA
Posts: 14888
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?

Mon Jan 13, 2020 7:22 am

Dooglas wrote:
Sun Jan 12, 2020 1:16 pm
shop2order wrote:
Mon Jan 06, 2020 3:27 pm
I am at the end of my 3 years lease for a Nissan Leaf. I am interested in a lease buyout from Nissan Finance. I found a back that will be willing to finance this buyout and will work with Nissan Finance directly to get all payments and lien transfer DMV paperwork done.

However Nissan Finance insisted that California law requires that I go through dealer to get the lease buyout done. The dealer, of course, has told me that it will add a $300 purchase fee and a $495 Safety inspection and DMV/paperwork fee. Not sure if California has such a law - I have a feeling that Nissan is unnecessarily making this expensive for me.

Could you confirm if this is true for CA?
I don't think this is specifically a CA issue. I bought my '16 S30 at end of lease. NMAC told me I had to do the buyback through a local dealer. The local dealer (in OR) charged me the purchase fee (which is stated in the lease agreement) and also charged me a document fee for processing the purchase. They did not charge an inspection fee, which they told me would only have been done if I turned the vehicle in at end of lease rather than purchasing it.
purchase and document fees are normal. Inspection fee is an add on by the dealership for profiteering. Don't pay it. There are dealers that will do this w/o that fee. I also suggest you go to the dealer's rating page and provide the appropriate response.
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 11,333.1 mi, 93.73% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

User avatar
Nubo
Posts: 5702
Joined: Fri May 28, 2010 11:01 am
Delivery Date: 31 Oct 2014
Location: Vallejo, CA

Re: End of Lease Strategies?

Mon Jan 13, 2020 12:27 pm

"Nissan Fee". Love it. :lol:
I noticed you're still working with polymers.

DaveinOlyWA
Posts: 14888
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?

Tue Jan 14, 2020 7:28 am

Nubo wrote:
Mon Jan 13, 2020 12:27 pm
"Nissan Fee". Love it. :lol:
Purchase fee is clearly stated in lease terms. The other fees would be location based like title transfer, etc. Everything else including inspections, etc. is dealer based and nothing but profiteering.
2011 SL; 44,598 mi, 87% SOH. 2013 S; 44,840 mi, 91% SOH. 2016 S30; 29,413 mi, 99% SOH. 2018 S; 25,185 mi, SOH 92.23%. 2019 S Plus; 11,333.1 mi, 93.73% SOH
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

User avatar
Nubo
Posts: 5702
Joined: Fri May 28, 2010 11:01 am
Delivery Date: 31 Oct 2014
Location: Vallejo, CA

Re: End of Lease Strategies?

Tue Jan 14, 2020 8:18 am

DaveinOlyWA wrote:
Tue Jan 14, 2020 7:28 am
Nubo wrote:
Mon Jan 13, 2020 12:27 pm
"Nissan Fee". Love it. :lol:
Purchase fee is clearly stated in lease terms. The other fees would be location based like title transfer, etc. Everything else including inspections, etc. is dealer based and nothing but profiteering.
Agreed. Just shop around by total cost.
I noticed you're still working with polymers.

shop2order
Posts: 26
Joined: Mon Aug 29, 2016 12:36 pm
Delivery Date: 29 Aug 2016

Re: End of Lease Strategies?

Tue Jan 14, 2020 5:08 pm

Can I get this lease buyout done by any dealer in a US state (or in CA). Or do I have to do it at a local dealer only because I have to take my car along?

Anybody from San Francisco bay area, CA who was able to do lease buyout without the inspection fee - could you please share the name of the dealership and sales person?

mkwilkes
Forum Supporter
Posts: 29
Joined: Thu Sep 28, 2017 2:22 pm
Delivery Date: 19 Jun 2018
Leaf Number: 311155
Location: Salem, Oregon

Re: End of Lease Strategies?

Sat Jan 18, 2020 8:49 pm

On 9/15/17, I bought an off lease 2015 Leaf S for $9325. It had 12 bars and was in perfect shape. When I got it home, I found the original lease papers deep in the glove box. The car had been returned just two weeks before (after a 3 year lease) and the end of lease purchase price was $12,892 plus an additional $300 purchase option fee. I thought it was crazy that they offered to sell the car to the original owner for $13,192, but turned around and sold it to me (two weeks later) for $9325. Ever since, I have wondered if it is better to turn in a car (at lease end), then buy it back off the lot.
2019 LEAF SV Plus (Gun Metallic)
2018 LEAF S (Silver) Sold
2015 LEAF S (Red) Sold

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