MNEV
Posts: 36
Joined: Fri Jan 10, 2014 9:59 am

What to do at lease end

Tue Jun 16, 2015 6:59 am

I read that Nissan is offering to drop the residual buyout on the Lease for lease holders by $5,000.

http://evobsession.com/nissan-leaf-leas ... ut-credit/

I am about 1/2 through my lease with the FFE and have concluded that the price at the end is a too high (about $17,000)to hang onto the car at lease end. I just feel the value will drop a lot in the face of next gen EV's coming in 2017 which will be getting 125-200 miles as supercharge capability (I have been surprise how quickly superchargers are springing up all the twin citites) . Unfortunately, my lease is up in Jan '17 which will probably be before the next gen cars are widely available (I would guess they will be offered in CA first just like the last time).

IF ford were to offer such a $5K buyout credit of the FFE I would seriously consider buying it out at the end of the lease. I think its a great little car which would be worth $12K. The range is fine now but the prospect of the battery degrading to 70% over time would make the winter range more problematic.

What are people thoughts on the buy-out price at the end of the lease?

jmueller065
Posts: 2397
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Location: Southeastern MI
Contact: Website

Re: What to do at lease end

Tue Jun 16, 2015 7:20 am

I doubt Ford will offer anything like Nissan did--there isn't enough FFE's out there to make a dent in used prices.

I will most likely simply lease another one. The price has dropped enough that a lease of a new one will be far more cost effective than purchasing the old car (and you'll have a new battery to boot).

I also think that if your battery is 70% good at the end of your lease you've been really flogging your car! I'm 2/3 the way through my lease and have noticed no appreciable battery degradation.
2018 Cajun Red Chevy Bolt
2016 Magnetic C-Max Energi (lease returned)
2014 Sunset Escape
2014 Thor Axis (V-10)
2013 Focus Electric (lease returned Jan 2016 for the C-Max above)
https://spareelectrons.wordpress.com/

damania
Posts: 180
Joined: Sat Dec 13, 2014 6:03 pm

Re: What to do at lease end

Tue Jun 16, 2015 7:42 am

This is why it's better the lease until the 150-200 mile car with dc charging is available. It's the leasing company's problem once you're done with your lease.

brad
Posts: 30
Joined: Fri Mar 08, 2013 7:44 pm

Re: What to do at lease end

Tue Jun 16, 2015 8:37 am

I am about to return my 2013 and had it inspected by Ford's 3rd party lease inspector. I talked to an agent at Ford Credit about buying the car out at a lower price and was told that there is pretty much no chance. I guess Ford is writing these things off.

There is currently a $3500 rebate from Ford to buy a new 2015, plus 0% financing, so I couldn't resist buying a new car. With the additional $10k rebates from CA and the Feds, this car can now be bought for around $14k new + taxes, license and fees. PG&E employees get an additional $2k rebate so they have been snatching these up like crazy.

The 2015 has some nice changes and I can definitely notice the increased battery capacity. For the price, you can't beat this deal even compared to the Fiat 500E, Chevy Spark, or other cheap EVs.

MNEV
Posts: 36
Joined: Fri Jan 10, 2014 9:59 am

Re: What to do at lease end

Tue Jun 16, 2015 8:43 am

damania wrote:This is why it's better the lease until the 150-200 mile car with dc charging is available. It's the leasing company's problem once you're done with your lease.
My battery is fine now. This is more of a look at long term ownership. If I buy it I will likely hold onto it for another 10 years. In that time I would assume it will degrade down to at least 70%. If it degrades 5% a year or so, it would be at about 70% after 8 years. Hopefully it will be better than that but I don't think this is a unrealistic scenario "worst case" scenario.

Yes, I could lease again. I really do want to buy one at some point. The only reason I leased this car was because of evolving technology. I was hoping that the next gen would be out by the time my lease was up and I would buy at that point. I'd rather not have another leased car. It is rumored that the Leaf will beef up the battery for 2016 in the current car to 30KWH for a range over 100 miles as a bridge to the next gen. I like the FFE more than the Leaf but I definately want the supercharge and the extra miles would definately be attractive if Ford just continues to offer the same-old same-old.

It would be nice if Ford would put together a FFE loyalty to current expiring lease owner that may want to stay in an FFE until they can put out a competetive product. I just have a feeling that Ford will get left in the dust in 2017. Maybe they will surprise us.

NightHawk
Posts: 535
Joined: Fri Sep 26, 2014 10:20 pm
Location: Southern CA

Re: What to do at lease end

Tue Jun 16, 2015 12:34 pm

Does Ford ever offer adding an extra year to extend an FFE lease?
That might extend it to when the higher range models come out.
I'm looking ahead for that as well, as my 3 year FFE lease ends in Sep 2017, though my end of lease buyout price is a bit lower ~$15K.
But I would like to plan on buying a model with 120+mile range when available rather than my 2014 FFE.
2014 Ford Focus Electric - Oxford White, Cloth Seats (Lease ended 9/28/2017)

hybridbear
Posts: 1425
Joined: Mon Apr 07, 2014 12:46 pm
Location: Minneapolis

Re: What to do at lease end

Tue Jun 16, 2015 12:49 pm

NightHawk wrote:Does Ford ever offer adding an extra year to extend an FFE lease?
That might extend it to when the higher range models come out.
I'm looking ahead for that as well, as my 3 year FFE lease ends in Sep 2017, though my end of lease buyout price is a bit lower ~$15K.
But I would like to plan on buying a model with 120+mile range when available rather than my 2014 FFE.
I would definitely consider extending our lease for 8-10 months if we could. I've heard that Ford will allow you to do 2-3 months, but not more than that... I'd think they'd jump at the chance to have someone keep paying them because it lowers the loss they'll take on the car at auction.
2013 Ford Focus Electric - Ice Storm - leased through 8/15/16
Replaced by a 2016 Tesla Model S 60D

damania
Posts: 180
Joined: Sat Dec 13, 2014 6:03 pm

Re: What to do at lease end

Tue Jun 16, 2015 12:54 pm

MNEV wrote:
damania wrote:This is why it's better the lease until the 150-200 mile car with dc charging is available. It's the leasing company's problem once you're done with your lease.
My battery is fine now. This is more of a look at long term ownership. If I buy it I will likely hold onto it for another 10 years. In that time I would assume it will degrade down to at least 70%. If it degrades 5% a year or so, it would be at about 70% after 8 years. Hopefully it will be better than that but I don't think this is a unrealistic scenario "worst case" scenario.

Yes, I could lease again. I really do want to buy one at some point. The only reason I leased this car was because of evolving technology. I was hoping that the next gen would be out by the time my lease was up and I would buy at that point. I'd rather not have another leased car. It is rumored that the Leaf will beef up the battery for 2016 in the current car to 30KWH for a range over 100 miles as a bridge to the next gen. I like the FFE more than the Leaf but I definately want the supercharge and the extra miles would definately be attractive if Ford just continues to offer the same-old same-old.

It would be nice if Ford would put together a FFE loyalty to current expiring lease owner that may want to stay in an FFE until they can put out a competetive product. I just have a feeling that Ford will get left in the dust in 2017. Maybe they will surprise us.
It will be at least another 3 years before we get the miles and DC charging so leasing is still the best option.

damania
Posts: 180
Joined: Sat Dec 13, 2014 6:03 pm

Re: What to do at lease end

Tue Jun 16, 2015 12:54 pm

brad wrote:I am about to return my 2013 and had it inspected by Ford's 3rd party lease inspector. I talked to an agent at Ford Credit about buying the car out at a lower price and was told that there is pretty much no chance. I guess Ford is writing these things off.

There is currently a $3500 rebate from Ford to buy a new 2015, plus 0% financing, so I couldn't resist buying a new car. With the additional $10k rebates from CA and the Feds, this car can now be bought for around $14k new + taxes, license and fees. PG&E employees get an additional $2k rebate so they have been snatching these up like crazy.

The 2015 has some nice changes and I can definitely notice the increased battery capacity. For the price, you can't beat this deal even compared to the Fiat 500E, Chevy Spark, or other cheap EVs.
Hey Brad how much more battery are you seeing and also what other improvements do you notice vs your 2013?

Kakkerlak
Posts: 122
Joined: Fri May 16, 2014 7:39 am
Location: Seattle, WA
Contact: Website

Re: What to do at lease end

Wed Jun 17, 2015 2:13 pm

I just wanted to post that I'd jump on an extension of my 36 month lease in a heartbeat, too.

Mine is up in August 2017, which is probably going to be right on the cusp of availability for next-generation Tesla, Nissan, and GM EVs.

If Ford has something new, or even an Energi variant of the Focus, I'll consider it. Until then I'm going to keep on smiling and charging.
2014 Focus Electric Ice Storm Metallic
2012 Kalkhoff Pro Connect Electric Bicycle
http://bigwoo.myevblog.com

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