Due to the current market, I will be buying out my Nissan Rogue lease this summer when it’s up and getting my own financing. My question is, do I have to go back to the dealer I originally leased it from or can I work with any local Nissan dealer? Basically I want to make sure that I’m not overpaying on fees, etc., so I’ll be reaching out to a few local dealers. One dealer I reached out to said I need to go back to the dealer I leased it from. This just doesn’t seem correct based on what I’ve read.
Located in Illinois (in the event rules are different).
You might want to read about the experiences of others; there have been several recent threads on the topic that might help you. I haven’t committed the outcomes to memory.
Others may reply with other useful suggestions. Good luck.
Yes, I’ve already been through those threads. I was hoping someone in Illinois had done a lease buyout, but they all look to be in different States; that’s why I specified Illinois.
You know that you can do a buyout remotely over the phone / internet right? You don’t have to bring the car in. (Those listings have dealers willing to do it)
Interesting post. I’m also trying to buyout my Rogue lease. Nissan told me today that in IL, I have to go through the dealership to get financing but can refinance it once we have secured financing through them. It sounds fishy to me and just another way for them to be deceitful. I’m so done with Nissan. I’d dump the car but the “equity” in it will make for a nice down payment on another brand. I have a feeling they are going to find me horrible financing so that I will surrender the car so they can take the $10k equity.
I was told by another Nissan dealer I could go to them to do the paperwork to do the buyout. But maybe that was a ploy to try to get me to buy a new car from them. Fat chance! Totally turned off by Nissan even though the car is ok.
Instead of paying TTL and dealer fees to buy it out and then resell it, find a dealer who can buy it directly from NMAC, and cut you a check for the equity.
Nissan & Infiniti dealers
Rodo
Autonation
LH brokers who deal in Nissan/Infiniti.
I don’t know your states laws or Nissan’s requirements in that state, but New York was a dealer only option for nissan/infiniti leases up until recently. With all the dealers trying to add thousands of bogus buy out fees and customers flipping out, infiniti is now offering a buy out directly through Infiniti financial. I’d simply call and ask.
You never know…the big dealers have caught onto the loophole and may be able to exploit it. Someone here sold their Nissan to a Land Rover dealer and there isn’t a AN Nissan dealer within 300 miles if it.
