What I did when the mileage is maxed out and still months away from lease end

In my previous post, I discussed my situation, where I signed on 3 years lease contract  for 2015 Nissan Leaf, change job, and used all of the 36,000 miles allowed in the lease contract within 30 months.

After many weeks contemplating, and approaching 37,500 miles on the odometer, I decided to do option #3: Turn in the car, pay the remainder monthly fees in lump sum, and get a new vehicle.  If you are not sure what I’m talking about, you can read the previous post( Maxed out alloted miles on lease vehicle).

What are the costs breakdown associated with turning the 2015 Nissan Leaf early?

Below is what I calculated to be the breakdown to payoff  Nissan Leaf lease 4 months early with 1,500 excess miles:

$ 808 – 4 months remaining x $202 lease charge
$1,000 – Estimated cost to fix rear quarter panel
$ 395 – Disposition fee
$ 300 – $0.20/mile * 1500 miles overage
——–
$2,500 – estimated total out of pocket expense

I saved enough money, and decided to walk into the dealership to return the leased Nissan Leaf.

My final payment will surprise you! What I actually paid on my Nissan Leaf?

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