Leasing can be a valuable financial tool for the right Barrie Nissan customers. It allows people with predictable and stable driving needs to get behind the wheel of our latest models with a lower monthly payment versus conventional financing. All good things must come to an end. When a Nissan lease runs its course, the customer will have three primary options for their next steps. First, they have the option to turn their current vehicle in and start a new lease. Next, they can choose to keep the vehicle they’ve been leasing and buy it outright. Finally, they can simply turn the vehicle in and walk away. The financial services team at Barrie Nissan is going to lay out each of these options to help customers make the best decision for their unique situation.
What Happens When A Nissan Lease Ends?
The process of ending a Nissan lease actually starts before the date on the paperwork. A few weeks prior to the official ending date of the lease, Nissan Canada Finance will reach out to tee up what the lease holder can do next. Follow along with us while we show you the various options ahead.
Start A New Lease
Most Nissan lease customers choose to start a new Nissan lease when one ends. This allows people to always have the latest models, with the newest technology, on a much shorter timeline. Nissan Canada Finance will clearly outline the terms needed to take this next step. Of course, customers will always have the option of buying a new vehicle with traditional financing.
Purchase Your Vehicle
It would not be unusual at all for someone to fall so deeply in love with their Nissan car, truck or SUV that they would want to keep it even longer. When a Nissan lease comes to an end, customers can choose to pay the vehicle’s predetermined purchase price (residual value), plus a few incidental costs as outlined in the original lease agreement.
Some of the incidental costs include:
- All governmental or other regulatory fees and taxes
- All safety standards, emissions and certifications
- Transfer of ownership
Additionally, customers can choose to finance the purchase of the vehicle through Nissan Canada Finance. Ask a Barrie Nissan representative for more information.
Return Your Vehicle
Finally, customers have the option to simply return their leased vehicle to Barrie Nissan and walk away. When the lease maturity date is at least 30 days out, it’s crucial to schedule a drop-off appointment with a Barrie Nissan product expert. Be sure to have both key fobs and all relevant paperwork ready to go when arriving for the appointment.
When you get to your drop-off appointment, the entire process is designed to last approximately 15 minutes. The lease holder will need to fill out a vehicle disclosure form and sign a grounding receipt, the official confirmation that the vehicle was returned.
Nissan Canada Finance Contact Information
Nissan Canada Finance is always available to answer any questions you might have about leasing or financing.
Customer Service
Phone: 1-800-268-6499
Fax: 1-800-265-0835
Email: ncfcustomer.service@nissancanada.com
Hours: Monday through Friday, 9 a.m. to 8 p.m. Eastern
Mailing Address
5290 Orbitor Drive
Mississauga, ON L4W 4Z5
Lease Customer Network
Phone: 1-800-268-6499
Option 4: Maturity; Option 6: Liability
Fax: 1-877-984-5570
Email: lease@nissancanada.com
Hours: Monday through Friday, 9 a.m. to 5:30 p.m. Eastern
Leases Insurance Tracking
Phone: 1-844-305-2330
Fax: 1-855-882-8804
Website: www.insurance.com
601-175 Commerce Valley Drive
Markham, ON L3T 7P6
Everyone in the Barrie Nissan Finance Department can help you through every facet of the leasing and buying process. Make an appointment with us today if there is something we can help you with to start or end a Nissan Canada lease.