Nissan Lease Buy Out

[knt]

Hello all,

I was wondering if anyone had any information regarding Nissan Leases. Specifically a 3rd party buy out. I have a 2010 Nissan Rogue lease which will terminate late March. I have an individual who is interested in purchasing the vehicle cash. Is there any way to avoid me purchasing the vehicle first, paying taxes, then transferring the vehicle over to the new buyer at the DMV, requiring him to pay taxes again?
Is there a way to have the 3rd party buyer purchase the vehicle directly? If I do purchase the vehicle, the contract states there is a $150 purchase option fee. If there's anyone with prior buy out experience, will they tack on other fees besides the typical tax,tag,title fees? Any help would be much appreciated. Thank you in advance.

[Bubba1]

This article might help. It sounds like its possible but there's enough time/complexity involved that you might question whether the potential profit is worth the hassle.

http://www.edmunds.com/car-leasing/leas ... eware.html

[knt]

Thanks Bubba1,
Great article. I guess I was just hoping things would have improved with Nissan in regards to this type of situation since the article you mentioned was published in 2001. During my research trying to find answers, it seems other companies/dealerships are more willing to help their customers and seem to have procedures in place to help in this scenario ( 3rd party buy out ) . The day I submitted this post, my wife went to the dealership to take the vehicle in for a scheduled oil change. While there, she went over to the show room expecting to easily get the answers we were looking for, and was directed to a finance person. This individual made his feelings of inconvenience, annoyance, and apathy extremely obvious. According to my wife, this gentleman was more interested in focusing below the neck line rather than giving her a straight answer. It seems the dealership/company is only focusing on the fact that they have very little to no benefit financially in assisting people with these types of transactions. What they fail to realize is that we are still customers to the last day of our lease term. Our experience and level of satisfaction with Nissan continues whether we purchase the lease, leave with another lease, or leave with nothing as in our case. I can assure you, the next time our family can afford to lease another vehicle, it won't be with Nissan.

[Bubba1]

I hope you don't condemn an entire brand based on one crude F&I guy at one dealership. They are not all like that. But that rudeness aside, if you view it from the dealer's shoes, unless you've established a good relationship with them, and by that I mean purchasing more than one car from them and paying them to service the cars over time, then why should they go that extra mile? Now, if there was something in it for the dealer, like your signing a lease on a new car as part of that same deal, then I would think they'd be more willing to work with you on something like that. And that goes for any dealer, not just Nissan.

Enjoy.

[float_6969]

Any time an employee of a company treats me poorly, I speak to management. It may seem a bit excessive, but it gets results. I was in harbor freight the other day and asked an employee for help. She was SOOO rude when she replied to my request that I was taken back and almost speechless. I did manage to say, "Wow! I have never been treated so rudely in my life by someone who's job is to help customers! I would like to speak with your manager." She immediately started to apologize all over herself and quickly helped me. I thanked her and told her I would still like to speak with the manager. I could tell her heart sank, but being an business owner, I would want to know if an employee did something like that to one of my customs.

I can promise you, the owner/GM of that store WANTS to know if his employee's are treating customers poorly.

Often, when this situation arises, the management will try and reward/thank/make up to you in some way.