The most frequent question our Tom Hesser Nissan team receives about Nissan leases is: What do you do when your Nissan lease ends? We're happy to report that you have several options, whether you leased from us originally or not, and all of them are wonderful. Here's your quick rundown on Nissan lease-end options.
Nissan Lease End Options 101
Whether you reside in Scranton, PA or in a nearby location, your Nissan lease-end options are the same. At the end of your Nissan lease, you're welcome to:
- Get a new Nissan
- Purchase your leased Nissan
- Return your leased Nissan
Getting a New Nissan near Scranton, PA
At the end of your current Nissan lease, you can lease a brand-new Nissan or purchase an entirely different, brand-new Nissan. Getting a new Nissan entails a handful of easy prerequisites:
- Schedule a free vehicle inspection (mandatory)
- Decide whether to make repairs on your leased Nissan
- Make an appointment to return your leased vehicle
Keeping Your Leased Nissan
Keeping your leased Nissan has many financial benefits. By taking over ownership of your leased Nissan, you avoid charges associated with excess wear, use and mileage. The less depreciation and the higher the residual value in your Nissan, the lower your lease buyout costs might be. You'll only pay the predetermined price and accompanying charges required by law or outlined in your Nissan contract. The charges might be:
- Smog fee
- Safety inspection fee
- Purchased option fee
- Vehicle registration
- Sales tax
Returning Your Nissan
Returning your leased Nissan involves the same required steps necessary to get a new Nissan: vehicle inspection, potential repairs, vehicle-return appointment, etc. You'll receive an End-of-Lease liability statement about four to six weeks after completing the return of your car to us at Tom Hesser Nissan in Dunmore, PA. The statement describes any remaining fees and charges, including a disposition fee.
Nissan lease-end disposition fees often approach hundreds of dollars. Fortunately, Nissan's Owner Loyalty Offers may cancel these fees out, including up to $500 in excess wear/use charges and disposition fees up to $395. As a thank you, Nissan often waives these fees to encourage your repeated patronage.
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