Lease coming to an End :(

Nissan Rogue forum - Includes Nissan Qashqai and Nissan Dualis as well.
chove1437
Posts: 55
Joined: Tue Aug 05, 2008 3:13 am
Car: 2008 Nissan Rogue SL AWD

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Hi Everyone,

I have been a member of this amazing forum ever since I picked up my Rogue. The amount of help and money saved from this forum has been crazy. Really a great community here with very knowledgeable mods.

My question to the group is, my first ever lease is coming to an end in a few months. What can I expect for costs to me in terms of returning my Rogue? Understanding that it probably changes from dealership to dealership. I'm assuming possession of a new company car which means I will have to give up my good ol' faithful Rogue. :frown:

I just don't want to get backed into a corner where they charge a ridiculous amount of money to return my lease but ploy me into reducing those charge if I roll into a new lease.

Any comments, help, advice or personal experience is greatly appreciated.
Thanks!


chove1437
Posts: 55
Joined: Tue Aug 05, 2008 3:13 am
Car: 2008 Nissan Rogue SL AWD

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Anybody? Good or Bad Experiences?

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kerrton
Posts: 2161
Joined: Mon Feb 04, 2008 8:48 am
Car: 2008 Nissan Rogue SL FWD Gotham Gray
Location: Southern Alberta, Canada

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Hi there, I'm sorry to hear your experience as a Rogue driver is coming to an end.

Unfortunatley I have never leased a vehicle so I can't provide much help, I guess it comes down to the fine print in the lease agreement that you signed. I was under the impression that all of the lease costs were up front (ex. $3000 down and then monthly payments of say $450..), and when the lease expires you just turn the vehicle in and move on.

The big cost would be if you wanted to keep the car and buy out the lease, that's where the dealers make huge cash and you end up finally purchasing the car for 150% of MSRP.

I don't think personal leases are that common anymore so I'm not that surprised to see very little input on this one, I think most members of this forum are owners but I'm sure there are one or two leasees out there some who have leased in the past. But honestly as long as there is no damage to the vehicle, you haven't exceeded you mile allotment, you shouldn't owe anything as far as I know.

philipa_240sx
Posts: 3808
Joined: Thu Jun 21, 2007 7:30 am
Location: Canada

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Like kerrton, I have never leased a vehicle myself so I do not have any help to offer.

Sorry. :(

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Nick 568
Posts: 304
Joined: Tue Oct 07, 2008 5:59 am
Car: 2008 Nissan Rogue
Location: Anchorage, Alaska

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Never leased either. Just ask the dealer about your concerns and tell them you're not gonna take any BS fees and if they try to reduce those fees by offering a renewal on the lease, tell them you're ending the lease and will not be shopping with them again. Should get the point across that if they ever want your business again, you're in charge. :)

chove1437
Posts: 55
Joined: Tue Aug 05, 2008 3:13 am
Car: 2008 Nissan Rogue SL AWD

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Thanks everyone for your replies. Again, if anyone has any positive or negative feedback, all is welcome.

I will be sadly returning the car in May. I have heard of some horror stories where people return the car with little to no wear and tear but later have been invoice through the financial department for upwards of $500-$1,000 after the car has been inspected where additional items have been "found". Just trying to avoid being another victim.

I will reply back with me experience so everyone will know what to expect if anyone here has a leased Rogue.

Thank-you all!!!!

Rob's Rogue
Posts: 17
Joined: Mon Dec 27, 2010 8:51 am
Car: 2011 Rogue AWD SL with SV Package.

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I've leased previous vehicles but none from Nissan. For the most part, the turn-in has been painless if the vehicle is in good shape. I would expect that either Nissan central or your local dealer could provide you with a list of the items that will be examined and what the wear-limits are for each of these. Usually about a month before the "turn-in" the manufacturer will send a professional appraisal to your home or office to examine the vehicle, take pictures and make his/her recommendations. Expect them to look at the obvious things: the condition of exterior body, the wear and tear on the interior and the condition of the tires. The more these things are correct (or at least within normal wear limits) they fewer problems you will have. Personally, I am meticulous about my cars and have always detailed them before the appraisal. Knock on wood, I have not had any issues. In fact, the last two times, the appraiser was literally knocked out by how clean and well maintained the cars appeared. The appraiser will then generally give you a written copy of his/her findings and what needs to be addressed before actually returning the vehicle. Be aware though, the final verdict resides with the manufacturer and will come about a month after your vehicle has undergone a more thorough inspection. So, a word to the wise is sufficient; you really can't hide anything and its best to get any broken items fixed (and save your receipts). I should also mention here that manufacturers vary in their degree of "fussy-ness" about these inspections. Usually luxury brands are more liberal with some not even doing any sort of inspection short of visually seeing that the car came in under its own power and is not wrecked. If you are not leasing another vehicle or if you are leasing one from a different manufacturer, you will be sent a bill for whatever is due and will also be asked to remit your lease termination fee if there is one in your agreement.

If you are going to purchase your leased vehicle, then you will not be subject to any of the above inspections nor a lease termination fee. You will merely be offered some type of financing in accord with whatever the residual value of the the vehicle is as stated in the lease.

However, if you are going to lease another vehicle from the same manufacturer then you have some leverage with respect to any charges that you are assessed. The same is true for any charges stemming from being "over mileage" on your previous lease. These are most often negotiated into your next lease payment or sometimes written off by the dealer.

Disclaimer: This has been a basic overview of my experience. It is not meant to be a definitive guide to leasing. Good luck and may the buyer (lessee) beware! :wtf2:
Last edited by Rob's Rogue on Wed Aug 03, 2011 3:02 pm, edited 1 time in total.

chove1437
Posts: 55
Joined: Tue Aug 05, 2008 3:13 am
Car: 2008 Nissan Rogue SL AWD

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Thanks Rob's Rogue....very detailed.

RogueGuy45
Posts: 99
Joined: Mon Jun 08, 2009 10:15 am
Car: 2015 Nissan Rogue SL AWD
Location: Woodbury, Minnesota

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We leased our 2004 VW Passat for 48 months. When the lease was close to being "up" I went in to see about leasing another new VW. My buyout was $10,000. The car had only 36,000 miles on it so it was about 12,000 miles under the limit. The car was like brand new. They didn't offer any kind of discount on a new car for turning in such a good used car for their lot. I looked up the private party value of the car and saw that cars like mine with more miles on them were selling for $16,000 private party value. So you know they wouldn't have put it on their lot for less than $20,000. They turned me off so bad that I went to my credit union, took out a 10K auto loan and bought the car direct from VW.

I plan on doing the same with the Rogue. My set buyout is $14,000 on the Rogue after 39 months. My Rogue is a 2009 model and the lease will be up Sept '12. I recently looked up the value of '08 Rogues and now they are going for around $20,000 with about as many miles as I will have on my Rogue this time next year so I think $14,000 is a good price.

Why let the dealer make that money? Buy the car and then sell it for $1,000 more than you paid for it-it will be a great deal for who is buying it and for you.

philipp2
Posts: 41
Joined: Sat Jan 12, 2008 6:21 am
Car: '08 Nissan Altima Coupe
'14 Nissan Rogue SL
Location: DFW Area Texas

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I have leased all of my wife's Altimas - Four I think - from Nissan. All but the last one were traded in on the next, newer one. This last one is a 2008 coupe that only had 10,000 miles at the 36,000 mile trade in point. I could not see giving this car back to Nissan as its retail value was about $6,000 more than the pay-off. The only part of this deal was that there was more paperwork and hassle during the purchase than any other car deal that I have bought. Thanks goodness for a great sales rep that we have been dealing with; he made it all bearable. On the trade-ins - we have never had any problems regarding additional charges. Never just dropped one off at the end of the lease though.
My Rogue was purchased, so no experience there either.


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