Lease is ending - very low miles

Rose95Rose95 Posts: 13
edited November 2019 in Nissan
Hello,

My lease is coming to an end in February. My 2017 Nissan Sentra only has 13k miles. I leased for 36/12k.

Do dealerships want to buy out a low mileage lease? Is this a negotiating tool in any way even though I don't own the vehicle?

Comments

  • MichaellMichaell ColoradoPosts: 180,686
    Rose95 said:

    Hello,

    My lease is coming to an end in February. My 2017 Nissan Sentra only has 13k miles. I leased for 36/12k.

    Do dealerships want to buy out a low mileage lease? Is this a negotiating tool in any way even though I don't own the vehicle?

    There may be some equity in your car. What is the buyout amount?

    You can take it to a local CarMax to see what they'll offer you on it. If you have equity, you can trade it in to realize that value.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Rose95Rose95 Posts: 13
    Payoff $11,402
    RV $11,021

    Quick searches showed trade in value only $9,800

    My last lease had very low miles and during negotiations the dealer kept going out to look at my car. At the time I wasn't quite sure why. I'm assuming now they bought the car and resold it for a profit?

    What do you mean by trade it in? Wouldn't I have to buy it to trade it?

    I'm a bit naive when it comes to this. I've been going to the same dealership for the past 10 years or so. I've leased 3 Sentras in a row from them. It's probably stupid but I tell them I want a Sentra.$0 down. $200/mo. They get it done and I feel it's fair.

    But I want to get into a Rogue Sport now and I'm not sure what a good deal would be.
    I've recently asked them to come up with a payment for me. As close to what I pay now. I can't see a Rogue Sport being that much more.
    I haven't heard back from them yet.

    I've seen deals for the Rogue Sport S. $219/mo. 36/12k. but with $650 acquisition fee and 1st months payment up front.
  • MichaellMichaell ColoradoPosts: 180,686
    Rose95 said:

    Payoff $11,402
    RV $11,021

    Quick searches showed trade in value only $9,800

    My last lease had very low miles and during negotiations the dealer kept going out to look at my car. At the time I wasn't quite sure why. I'm assuming now they bought the car and resold it for a profit?

    What do you mean by trade it in? Wouldn't I have to buy it to trade it?

    I'm a bit naive when it comes to this. I've been going to the same dealership for the past 10 years or so. I've leased 3 Sentras in a row from them. It's probably stupid but I tell them I want a Sentra.$0 down. $200/mo. They get it done and I feel it's fair.

    But I want to get into a Rogue Sport now and I'm not sure what a good deal would be.
    I've recently asked them to come up with a payment for me. As close to what I pay now. I can't see a Rogue Sport being that much more.
    I haven't heard back from them yet.

    I've seen deals for the Rogue Sport S. $219/mo. 36/12k. but with $650 acquisition fee and 1st months payment up front.

    If you are upside down, no point trying to trade it in.

    Keep us posted on the Rogue Sport lease.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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