I disagree. The rules aren’t being changed at all, the execution is just no longer favorable to the lessee. Nothing has changed about the framework.
Is the originating dealer or a dealer specified by the bank charging those additional fees or is this a case of someone going to a dealer that is not dictated in the contract to be limited to those fees charging extra for processing a transaction they have no obligation to process?
In Florida, my understanding is that you have to go to a Nissan or Infiniti dealer to process a lease buy out. With “non-official” fees being added.
So you can’t process a lease buy out without going to a dealer, but they have no obligation to process the paperwork per the stated $300 acquisition adder + official fees. Ummmm ok.
The contract specifically states that those fees apply when you do the buy out through “the originating dealer or other location (the bank) specifies”.
If one goes to a dealer that is neither the originating dealer nor a location specified by the bank, one could make the argument that you’re requesting a dealer that is not bound by the limits of the contract to process the transaction and that may be subject to extra fees.
It’s the same concept as when one goes to a dealer in a state that doesn’t require the buy out to be handled by a dealer and is then surprised that the dealer that isn’t required to be party to the transaction charges extra fees.
Were it me, I would either go to the originating dealer or if I couldn’t, call up NMAC and say “I want to buy out the vehicle per the terms of my contract, which requires it to be done as a location you specify. Where would you like me to go?” and then I’d have grounds to push back on any extra fees that they were trying to charge that aren’t listed in the contract.
Agree, but the contract reads to me that only the agreed upon $300 fee plus any “official fees” apply at either the originating dealer or other location(s) that IFS specifies.
Heaven forbid that consumers could be allowed to avoid troubling all of these poor busy, overwhelmed, charitable dealers from the scourge of “unnecessary transaction paperwork” and people walking into showrooms.
Win/win/win. The Poor dealer loses the chance to upsell petty, smelly peasants with a new vehicle pitch and avoids charitable transaction paperwork, the consumer gets the buyout either online or done via their chosen banking institution and the captive gets their $300 end of term fee and a capital asset off their books…
Whether or not it’s the “best” strategy for handling things is a different debate. I just look at it as if you’re trying to minimize the costs to what you’re contractually obligated to pay, asking a third party to be involved that isn’t contractually bound to a certain cost always opens the door to more fees.
Yep, I haven’t (yet) seen a poster on leasehackr purchase or be quoted on a Nissan/Infiniti at lease end acquisition from a Florida dealer without being quoted additional non-contracted “unofficial” fees.
We need a list of Florida dealers/networks by brand that won’t mark-up end of lease acquisitions and are willing to follow the contract language. Hopefully some exist.
I know this thread is older but I was under the impression that Carmax and the like can send the payoff to the bank and give you the rest.
They can for some banks. Nissan no longer allows that.
That’s unfortunate. My lease is up soon and I got equity. Im over my miles so giving it back makes no sense when it can be sold.
You can try to sell it to a Nissan/Infiniti dealer or you can buy it out and sell it to whomever you want. Also give equityhackr on here a try; they may have a Nissan dealer they can process the buy out through.
Then you have less limitations
Take out CarMax and vroom but most others can buy it
You can also try autonation for an online quote
Update… i decided to buy both leases as the numbers made sense right now. I found a dealer in Gainesville that did not charge the $900 fee that all the Nissan dealers were charging in SoFlo.
I paid the $300 dealer fee and bought my Jeep Gc.
A month after buying both, the door actuators went out on the Altima and the battery failed on the jeep (it is under the seat and impossible to get to.) The dealership insisted the lithium auxiliary battery was dead too. Paid 640$, all warranties out. Complained to Jeep customer care (nicely) and am looking to get reimbursed under the “Good faith” warranty". Used that to negotiate at Nissan and they fixed it for free. I can sell one of the cars because my Lexus has only 150k miles on it. Except… suddenly engine locked up with “sludge”. This is a garaged car that has had all the maintenance done as required since I bought it as original owner. Apparently there is an oil Gel issue. Waiting on Lexus to respond with a case manager. This is why I lease! When will the industry correct!!?
if you can, post the name of the Dealership and if possible, phone #
Lots of people in FL complain all the time and don’t know who to call…hint it’s not the Ghostbusters.
Did you do any longer road trips in this, or was it mainly short runs to the store, etc.? Do you regularly check your oil/dipstick, and examine oil condition?
Elijah Miller sales manager 352 226-6677
Gainesville Nissan
Mostly city driving with short trips. All maintenance done on a strict schedule, including oil filters. I did not look at the oil but my spouse did and our mechanic maintained it.