Nissan Dealer Asking $1,595 Extra to Buyout a Lease

Source: nissanusa.com

Buying out your existing lease could be a good alternative to leasing a new replacement vehicle, given the sky high prices of new cars due to the global semiconductor shortage.

However, be aware of junk fees when buying out your lease, especially if you have a Nissan.

Nissan Motor Acceptance Corporation (NMAC) instructs lessees to buy out their lease at a Nissan dealership, rather than from NMAC directly.

This presents another opportunity for dealers to make a profit — with some charging as much as $1,595 in so-called market adjustment fees.

Take for example this experience recently shared by Leasehackr reader @SouthernCalLease:

I am currently in a lease for 2019 Nissan Leaf. The car has low mileage and I would like to keep it. I went to a local dealer in Glendale, California and the dealer is asking for an extra fee of $1595 on top of everything else. They claim that the market is difficult right now, so this is a “standard” market adjustment that they are making for anyone trying to buy out the lease.

When I objected to the fee, they mentioned that they are open to negotiating it a little bit. Which further makes me feel that this is a fake fee.

From what I have read on this site, this tack-on should not be legal. My contract states $300 for the Purchase Option residual + tax and any official DMV/state fees.

Can anyone recommend a dealer in Southern California that does not engage in such deceptive practices?

Thanks.

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