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End of lease?

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188 views 6 replies 5 participants last post by  Chrisb  
#1 · (Edited)
I'm coming to the end of my lease, NISSAN LEAF 110kW Acenta 40kWh - it'll be 4 yrs and 36000miles
It looks like the wbac values are very low so if possible I'm tempted to buy it.
I just do t know if the company will offer it
Leased through mobilize / nissan financial.

Other option is to try my luck tracking it down at auction.

For info we by any car are saying ÂŁ6k which would seem value

Anyone have experience of end of lease purchase?
 
#2 ·
Officially (legal,tax etc) a Lessor cannot buy a vehicle they have been Leasing (renting)

In many cases the Leasing company will happily sell to a 3rd party ( spouse,granny,…neighbour, pal)

Be aware that also, in many instances, the Leasing company may have a policy to ”not engage” with a buyer and/or have a company policy of a specific sales route (Auction). This closes any potential of their internal decisions coming under any future scrutiny

of course the best thing would be to enquire directly along the lines of “ my relation would like to buy this vehicle at end”

They are, of course, at liberty to set the asking price as they see fit ( which may be set just to be polite but to actually make you go away)
 
#3 ·
They usually use BCA as a re seller and there is an option to buy it for a realistic price via a third party, friend family etc.

Had two now and on a third lease currently up in a year, BCA give you a sale price, if you accept get the person to cough up and the V5 will be sent to them, car never leaves you.

This was the Lex Autolease portal i used.

And this is Alphabet who i am with now( same site bca)

 
#6 ·
I'm not saying you should- but you could put a hidden airtag (speaker disabled!) inside the car and use that to track it to the auction site. Be careful because some auctions are 'trade' only. You would need to get a friend in the trade to buy it for you. Also some cars go back into the second hand dealer only stock.