Monday, April 12, 2010

How to Get Out of a Nissan Lease Cleanly

If you have leased a Nissan vehicle from a local dealer, the lease is valid only for the term you initially agreed on with the dealer. As you approach the end of your Nissan lease you will get a letter from Nissan Motor Acceptance Corporation, or NMAC, the in-house financing unit for all Nissan leases, letting you know what your options are. The letter you will get comes with a wear-and-use guidebook, which you will need if you are going to return the vehicle to the dealer.

Instructions

    1

    Keep the Nissan and pay the balloon payment that is due at the end of the lease to get out of the lease cleanly. This allows you to keep the vehicle and be free of the lease. You can get a loan to cover the balloon cost of keeping the Nissan if you do not have cash for it. Keeping the Nissan is just one option.

    2

    Drive your leased Nissan only within your allotted annual mileage limits. When you return the car to the Nissan dealer, it should be within your mileage limit in order to avoid a penalty fee. If you're near your mileage limit and the car lease term is ending soon, you might fare better to park the car than to go over the mileage.

    3

    Clean the Nissan vehicle thoroughly and make sure it has no damage. While you are typically granted normal wear and tear as part of the lease, anything considered excessive can result in a penalty fee at the end of the lease. Excessive wear and tear can include things like tires that do not have much tread left on them or multiple dents and scratches on the body of the vehicle.

    4

    Return the vehicle at the end of the lease if you do not want to keep it or get a new Nissan. Once you return the vehicle to the Nissan dealer, you are free of the lease unless you owe some additional penalty fees.

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