Currently Leasing A 2012 Or 2013 LEAF? Nissan Now Offers $5,000 Credit Towards Purchasing Your Leased LEAF

MAY 18 2015 BY ERIC LOVEDAY 61

Are you currently leasing a 2011, 2012 or 2013 Nissan LEAF? If so, then perhaps Nissan Motor Acceptance Corporation (NMAC – the leasing/financing arm of Nissan) has a deal that’s right for you.

Running through the end of June, NMAC is offering current 2012 and 2013 LEAF lessees $5,000 towards the purchase of their leased LEAFs.  Basically, NMAC will knock $5,000 of the buy-out price of the lease LEAF, thus making it extremely affordable  to outright buy.

The deal on 2011s isn’t nearly as sweet, but lessees of that model year can still get $1,500 towards purchasing their leased LEAFs.

It should be noted that this deal is through NMAC, so you don’t even have to visit a dealer to take advantage of this deal.  Simply contact NMAC and a representative will walk you through the process.

Categories: Deals, Nissan

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61 Comments on "Currently Leasing A 2012 Or 2013 LEAF? Nissan Now Offers $5,000 Credit Towards Purchasing Your Leased LEAF"

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bro1999
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bro1999

Anything to stop the flood of lease returns!

tedfredrick
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tedfredrick

My Dads residul is $13500 for a S. -$5000 is $5000.Call now Dad

tedfredrick
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tedfredrick

Sorry… should be final buyout $8500.

taser54
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taser54

LOL. Many predicted that the used Leaf market would tank, crippling leasing agencies ability to provide a competitive lease rate. Here we are, with Nissan trying in vain to paddle upstream, away from the waterfall.

mike w
Guest

Yes the value of those cars has Tanked!!!! Any trick to try to prop up the resale vale which gives them a lower lease rate. I bought a 2011 Leaf and we have taken a beating and it looks like Nissan will too:) LOL–next time try better batteries and better customer service.

FME III
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FME III

Of course the resale value tanked. Nissan engineered that car for a price point, not for the long run like the Volt. As a result the battery packs are losing range and not suitable for long-term ownership.

David Murray
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David Murray

Is this just for people who are nearing the end of the lease? I have a 2013 but it has just under 2 years remaining. I wouldn’t mind converting it to a 5-year traditional loan.

David
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David

Good question. I’m in the same boat. 12 months left on my lease but I’d love to buy the car with $5000 off the current lease buyout.

ggpa
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ggpa

The quickest way for Nissan to boost the value of all the existing Leafs would be to introduce a replacement battery with more capacity.

Assaf
Guest

+1

Kosh
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Kosh

+1 – and the option to retro-fit a Chademo port, as our doesn’t have one (an oversight on my part).

While we love the Leaf, we really want more range and quick charging if we were to own, so buying this for us isn’t an option at lease end right now.

Brian
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Brian

It’s funny – the reasons you list (longer range and faster charging) are the reasons I’m NOT going to get a NEW EV right now. So buying my “used” Leaf makes a lot more sense than upgrading to a 2015 with 1) the same range and 2) the same lack of DC infrastructure. I’d rather save my money for a 200 mile BEV which has supporting DC infrastructure. To me, that’s looking like the Tesla Model III is my only option this decade.

Larry
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Larry

+1 My analysis last December!

(NMAC did raise the discount to $6K after I bought.)

Steve
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Steve

I couldn’t agree more!!!!!!!!!!

speculawyer
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speculawyer

+1

You’ve just given Nissan some GREAT advice.

Anthony
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Anthony

+1
-a 2011 Nissan Leaf owner (with 15kwh capacity remaining)

Mark
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Mark

So your 2011 battery only has 15 kWh capacity remaining starting from 24 or so?

John
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John

+1

We have a 2013 Leaf and the lease is up in a year, but I don’t think I”d buy even with the $5K incentive. We’ve already lost one capacity bar and we really want more range for regional travel, especially as the infrastructure will be there in the next 6 months or so. I don’t want to be stuck with a car with 60-70 miles of range when those with double that and more start coming out.

David
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David

Thats because the residual is crazy high. Even after $5k reduction the residual is still crazy high.

Bottom line: This is not a deal.

Anthony
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Anthony

The leaf originally came out as a 30k car. 2012 models came out with minor tweaks and 5k more sticker price. Basically they are giving back the 5k they over charged everyone in the first place.

Murrysville EV
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Murrysville EV

Exactly right.

My residual is $18k, so this offer makes it $13k. But I can buy a 3-year-old Leaf for the same price, retail.

Anyone who bought their Leaf outright is taking a beating with a degrading battery and exceptionally poor resale value.

David
Guest
David

Some hard numbers: Residual on out 2013 SV + QC is almost $21k. You could get a brand new 2015 S for roughly 28k, knock off the $7,500 and be close to $20k, i.e. less than our residual. So for the same price as new you could get a 2yr old car, or now get it for 5k less.
Meanwhile, used 2013 SVs are starting at 10k on Cars.com

DriverEV
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DriverEV

My residual on a 3 year lease for a 2013 SL with the all available options is only $15,700. That was with 10k/year mileage. Are you talking about a 2 year lease?

David Murray
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David Murray

Something doesn’t sound right. I have a 2013 SV with QC. My residual is around $15,000.

John
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John

I have a 2013 S with the quick charge package. Residual is $15K and change. Even with that, though, it’s not that attractive a deal, especially with a now aging and degrading battery pack.

Speculawyer
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Speculawyer

If these are leases, isn’t Nissan taking the tax-credit? And they still think the residual should be that high after the depreciation and taking the tax-credit?

Mister G
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Mister G

I agree residual on my 2012 Leaf is $21,700 and with 30k miles, 2 bars lost it is not a great deal. On a full charge I’m getting 40 plus real miles.

mike w
Guest

Yes dead on. at $225 a month for 36 months they already collected (36×225) plus the 7500 tax credit which means they already collected $15,600 from the customer. so the remaining balance should be say somewhere near $15,000 no down money and free interest on a $30,000 car.
Looks like Nissan financing is going to take a sizable loss on every Leaf they leased.

EVBlogger
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EVBlogger

Mine is 2013 SL with 15100 residual as of today, buy it for $19,645.47 with 17 installments left. Offer is entising, but quesiton is is this through out the nation or only in states that gave nissan tax credit. Poster says State Tax incentive. I am from SC, whare there is only 1500 in incentive, that goes to nmac.

doug liser
Guest

In California, the $2500 rebate goes to the leasee not NMAC.

Jeff Songster
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Jeff Songster

So… wouldn’t that be like paying you for a new battery. If the car is otherwise in great shape… and you like it. Keep it and use the battery up more.
As to the higher density replacement battery… the current model is a little higher already than the originals… GIDs were somewhat higher initially when Gary measured my 2015 at a club meeting a few months ago. He said they have improved a little.
Would be awesome if they would offer a substantially upgraded battery for all original cars. at least 110 to 120 epa miles… like 27 to 30kWh. It would be a great way to convert some of the original, feeling somewhat burned early adopters back to being supporters of the cars. (from my years in tech, I know why they call it the bleeding edge… it’s why I bought a 2013 1.1 rev model as my first LEAF.) If you don’t take care of those folks sometimes it can take a lot to unspin them.

Brian
Guest
Brian
I took advantage of this deal back in December (it was first introduced in the fall). For me, the numbers worked out so that I could either buy out my car with a 3-year loan, or I could get a lease on a new 2015 Leaf SV for roughly the same price. On the one hand, if I buy the car, at the end of the 3 years I own it outright versus having to turn in the lease. On the other hand, the 2015 would be an upgrade from my 2012 SV (faster charging, heat pump, lizard battery, even more trunk space). Financial motivation won out in the end, as it was far cheaper to buy the car than to continue leasing. I might have been able to save $1000 or so by buying someone else’s car, but I know the history of mine, and I’ve taken care of it (I took care of it like I would eventually buy out the lease). For others, I can see the numbers not working out as well. To me, this is a sign that Nissan really is interested in supporting the Leaf in the long term. They want to continue selling… Read more »
Murrysville EV
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Murrysville EV

The $5000 offer is a sign of weakness in the Leaf’s customer retention rate.

I’m not signing up to keep a car with a wintertime usable range of 24 miles (from 80% full to LBW), and which depreciates like a falling stone.

Nissan would have to offer me $10,000 for me to even consider it.

BravelilToaster
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BravelilToaster

Why would you limit yourself by charging to 80% in the winter? To prevent battery degradation from overheating the battery?

Because… yeah.

Or maybe you’re just bullshitting because “you’ve heard” and “that one post from that one guy who…” I’ll finish that with “was trying his hardest to make the car look as bad as possible”.

I’ve found that you can greatly improve a Leaf’s winter range by wearing warm boots, myself. Like, honestly. It’s winter. Dress for it.

Murrysville EV
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Murrysville EV

Umm, 80% is what Nissan mandates for battery longevity for the 11 and 12 models, and maybe 13s also. Newer models have abandoned that requirement because of range confusion, so now they all charge to 100%.

I keep my winter climate control set at 62 F, so it’s already almost as low as it can be. Besides, defrosters require heat, and boots don’t do that job so well.

You seem pretty defensive. I have no interest in making the car look as bad as possible; I actually enjoy driving it. But people need to know the truth about it. High resale and long range aren’t part of the Leaf reality.

electric-car-insider.com
Guest

Great point Jeff S. This is like getting a battery replacement voucher, or maybe depreciation insurance.

If anyone ever comes out with a higher-capacity replacement battery for a decent price, a gently used Leaf is going to be a fantastic deal.

Lou Grinzo
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Lou Grinzo

Well, this just guaranteed that my wife and I will have an “interesting” conversation tonight.

Our 2013 S was leased in March, 2013 for two years, and we extended it six months to the end of September. NMAC called us recently and said if we wanted to extend it another six months they would pick up two of the six payments.

Our car is in excellent shape, has very low mileage, and meets our non-long-distance driving needs exceptionally well. I’m guessing that our residual minus $5k is in the ballpark of $12k, which makes it tempting, even with the Bolt, Leaf 2.0, et al. coming in two years.

Interesting times, they are upon us…

Mojito
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Mojito
We took advantage of this deal last month and paid off our two 2013 LEAFs, each for $11K. Both of the cars work just fine and the driving range is still 90+ miles with proper driving habits. I’ve driven 96 miles and still had 23% charge remaining, so it can be done. Nissan knows that they want to keep as many of their EV’s on the road for as long as possible as they have invested hundreds of millions of dollars into the development of the cars, battery manufacturing and car manufacturing plants in Tennessee and the charging infrastructure that continues to grow. So to do so they will need to make the battery upgrades backwards compatible with older models. Speculation says that the 2016 will have a 150 mile range battery, but with no other vehicle redesigns to the frame or drive system. Battery technology has improved since the first LEAFs were sold and simply going with a better battery cell might be all that is needed to increase the range. So why wouldn’t Nissan want to make replacement batteries backwards compatible? Saving $10K on buying our two cars could easily be put toward a new battery once available.… Read more »
Mark C
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Mark C

My closest Carmax has a very nice looking, gently used 2011 SV with DCFC at a budget friendly price. If I knew a backwards compatible larger capacity battery would be available in the next 2 years, I’d buy it. But, it being a 2011 model w/o the heat pump, and only a 3.3 L2 charger, I can wait.

Lensman
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Lensman

Mojito said:

“Nissan knows that they want to keep as many of their EV’s on the road for as long as possible…”

Have you heard of “planned obsolescence”? It’s not nearly as bad as it used to be, before competition with Japanese cars forced Detroit to raise their reliability standards. But no auto maker is interested in extending the number of years you’ll be driving your current car. Every one of them would much rather sell you a new car.

I’m going to be astonished, not merely surprised, if Nissan offers an upgraded battery pack for older Leafs at a reasonable price. If they do offer one, which I doubt, it will be priced so high it doesn’t make sense for most Leaf owners to buy one.

Jeff
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Jeff

Actually Tesla for a price, us offering battery upgrades, for their first model car.

Murrysville EV
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Murrysville EV

You must live in a temperate climate and drive downhill all the time.

After 3 winters, my 12 Leaf’s usable range is 24 miles on a cold day (80% down to LBW), and I drive it carefully. The battery is at 87% SOH – which Nissan says is good – but this degradation rate is 3X that of Tesla.

I can’t keep this car past the lease.

Londo Bell
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Londo Bell

A lot of the commenters here, Brian excepted, seem to have NO IDEA how used cars and leasing really works.

I would agree with Brian that this is actually a nice gesture from Nissan to actually boost the EV experience and support the technology. Tesla’s the other one with its guaranteed value. You don’t see GM, Ford, Toyota or any other manufacturers doing something similar at all!

OTOH, I’m very interested to know who are stilling “leasing” a 2011 at this point, because no financial company would lease a vehicle that old, way past its residuals…

Kaleb
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Kaleb

The buyout is something I would consider for our 2013 SV. $10k for a car with only 30,000 miles that I have owned the entire time isn’t a bad deal. After two years the battery degradation on ours is not noticeable…it still goes the same distance on each charge as brand new and we have tracked it since day 1.

RedLeafBlueLeaf
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RedLeafBlueLeaf

When this was announced last year for 2011/2012s it wasn’t so attractive. Residuals back then were ridiculously high (my 2012 SL residual – 24 months/30k miles – was $22k), especially in the latter part of 2012 when Nissan began piling on incentives. Earlier this year I was offered $6k off my 2012 (which I’d extended the lease on) – still above market price though.

However, now that they are offering this on 2013s – which generally had more realistic residuals – it becomes very attractive.

tedfredrick
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tedfredrick

My fathers ersidula is $13,800

ModernMarvelFan
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ModernMarvelFan

That is pocket change for Nissan.

If 20,000 LEAF leaser take up on the deal, it is only 10 Million for Nissan. Certainly better than tanked the LEAF used car fleet…

Mike I
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Mike I

It’s just a numbers game. They know about how much they will get at auction, so if they can get an owner to buy it for more, they come out ahead and there’s less hassle for them and the dealers. They don’t really care about the used market except how it affects their bottom line. It makes sense to offer lease extensions to the extent that it avoids waves of cars hitting the auctions at the same time.

Antr
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Antr

100,000,000 is pocket change? I don’t think so.

kubel
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kubel

Resale (not auction) price of a low-mileage (20,000 mile) used LEAF is now about $10,000- which is roughly what an off-lease LEAF costs with the $5,000 credit. I’m not biting unless Nissan sweetens the deal, because I know with time, the resale value of LEAF’s will plummet even more.

Every used LEAF comes with a $5,000 battery replacement bill in the future. If you purchased a used car knowing you had to replace both the transmission and the engine in 2 years, and until then the gas tank shrunk several gallons every year- you wouldn’t have to think long and hard about buying that car- you simply wouldn’t.

Kaleb
Guest
Kaleb

kubel, maybe that was true with 2011-2012 models, but our 2013 Leaf still has the same range as when it was new. At this rate it will be many years before ours needs a battery replacement.

Brian
Guest
Brian
Hardly “every” Leaf will need a replacement in 2 years – that is highly variable, mostly dependent on where one lives. My 2012 Leaf still has about 88% capacity, and even that is far more than I need for day-to-day driving. Sure, my excursions to the Finger Lakes may soon revert to the hybrid, but that’s only a handful of trips each year. All other trips are much greater than 100 miles, so they default to the hybrid always. I expect to keep the Leaf for about 10 years – a fairly reasonable life for any car before it requires constant maintenance. According to the Battery Aging Model compiled here: http://www.electricvehiclewiki.com/Battery_Capacity_Loss#Battery_Aging_Model, the Leaf should have 65% capacity left in Syracuse after 10 years. Even in the dead of winter, that should still get me almost 30 miles of range. The most I need is 25 even on the longest days. And in 2022, I have no doubt that I could afford a car with a true (EPA) range of 200 miles. So for the next 7 years, I will have a slightly less usable car every year, but the difference will hardly be noticed. I can’t believe that I would… Read more »
Murrysville EV
Guest
Murrysville EV

@kubel: Agreed. If they offered the $5000 and installed the lizard battery and heat pump for free, I’d consider it.

doug liser
Guest

I offered NMAC $11K last year for our 2011 SL with residual of $15,800. They said they couldn’t negotiate so the car went back. Guess they are changing the tune now.
What would be much more enticing is to tell leasees that they will get a new extended range battery for free if they buyout their lease. How many of you would take that?

Murrysville EV
Guest
Murrysville EV

I’d consider such an offer by Nissan, but they’d have to guarantee some level of performance, which they will never do.

Alex
Guest
Alex

Residual for my 2013 S +QC is only $11k. I think I’ll be contacting NMAC very soon.

Mister G
Guest
Mister G

30 years from now a 2011 leaf will be a collectors item worth a lot of money.

James Appleton
Guest
James Appleton

My 2013 lease is up in August and even though I have replaced it with a 2015 Volt to get the extended range, I would like to keep the Leaf since it only has 11000 miles and we are very satisfied with it. The offer of $5000 would make me think seriously about keeping it..buy option end of lease price too high as of now.

AddLightness
Guest
AddLightness

I just took advantage of this deal today on my 2013 after seeing it on this website 2 days ago. Turns out the offer is $6500! It’s only going to cost me an extra $5,000 more to buy the car beyond what my lease cost would have been.

marc
Guest
marc

Monthly payment is $185. My residual is $14350 at the end of a two year lease. lease expires nov. 2015. received phone call with two offers that expire at the eno of June. 1st offer, $5000 off the residual price if i purchase now. 2nd offer, extend the lease another 12 months with 2 of those months free. i took offer 2 as i wasnt really ready to let go of my leaf especially since i didnt see any car on the horizon that could replace it. its such a pleasure to drive. couldnt pull the trigger to purchase but am now grateful to have an extra year to figure out what to do.

James
Guest
James

I have been looking for a Leaf for a while, and the price has now dropped enough for me to realistically locate a 2013 SL or SV (w/QC) with low mileage (<25k)for under $12k. I spend up to $2.5k on gas a year (~40 miles a day) so the car could pay for itself in as few as 5 years. Let's not forget the convenience of never having to stop for gas or oil. Sure, there will be some maintenance costs, but likely less than with any ICE car.
I am just glad to have so many options become more affordable as I have been wanting to go with less gas/oil and more elecric/solar for some time.