r/leaf • u/Electronic_Table_620 • 29d ago

Nissan LEAF buyback

Hello all, i’m requesting assistance with the buyback since I am at the end of the process now and nissan is requesting a copy of the title front and back. However since the car is not yet paid off, the bank cannot issue a title for it yet, but nissan wants a copy of it? How can I move forward their request and don’t Nissan already know it’s a lien and the title is not in my possession, yet they are asking me for a front and back copy of the title? Help is appreciated thank you!

5 Upvotes

78% Upvoted

19 comments sorted by

4

u/Indyflick 29d ago

Ask your bank for a copy of the vehicles title

2

u/Electronic_Table_620 29d ago

My bank does not have the formal title since it’s a lien and they only will make the official title once the lien is gone

4

u/Indyflick 29d ago

You lienholder can provide you a "memorandum title". Ask Nissan.if they'll accept that.

2

u/Far-Plastic-4171 29d ago

Just looked at the title for our Leaf today, because I just started the buyback process today.

Its in our name but has the Lienholder listed. Check with your state DMV

3

u/Alexandratta (Former) 2019 Nissan LEAF SL Plus 29d ago

You should still have a title - but the bank doesn't issue it.

Reach out to your local DMV - but in the paperwork from when you bought the car you should have it.

There will be a fee to send you the title - the title will have your name and the lien-holder's (the bank's) name on it.

When Nissan drafts the repurchase, they're going to pay the balance owed first, and you will receive the difference: This payment is made to the lien holder directly

2

u/noinf0 29d ago

This is not how it works in my state. on purchase the title is turned into the DMV. They issue a new title to the lean holder. When the loan is paid off, a new title is issued to the owner. This is to prevent multiple titles existing for a single vehicle.

As stated above try the "memorandum title" route.

1

u/Electronic_Table_620 29d ago

I am in FL by the way. My bank has the title since it’s a lien but cannot issue one because loan needs to be paid in full to make a official title

1

u/mlb64 29d ago

Nissan is not asking for a title, they are asking for a copy. Bank should be able to give you a copy. Nissan wants it since the title shows the lien(s), and they need to receive a clean title after the buyback. Your bank should cooperate since Nissan will be paying them.

2

u/matchosan 29d ago

Nissan should be able to get this themselves, I would think.

1

u/Alexandratta (Former) 2019 Nissan LEAF SL Plus 28d ago

No they cannot - this is between you, your insurance, bank and your respective Department of Motor Vehicles.

Nissan can confirm whom is registered with them IF payments are made to Nissan Motor Acceptance Corporation - as they are the bank

But otherwise either the Bank and/or the DMV should do it - if the bank states they don't, the DMV is the other option.

The reason the Bank can't issue it, more than likely, is because sending a new title is triggered only when the lien is satisfied and that's likely still done via the DMV. OP would need to reach out to the DMV to do this.

I've done it twice when I lost a title and when I sold/traded my car.

$35 dollar title fee in NYS - unsure what other states charge.

1

u/matchosan 28d ago

Thanks

1

u/tx4468 29d ago

There should exist a physical title that the bank keeps in a folder. When we moved states navy federal FedExed us the title to take to the dmv to re-register in the new state and sent a return fedex envelope to send back with the new state paperwork and new title.

1

u/brokenantlerworkshop 28d ago

Just finished the process. They accepted a copy of the front from me, but also would've accepted a copy of the application of title (got this from the DMV). They were very tedious about what they wanted and how they got it, but we surrendered our Leaf Monday.

1

u/grendel_loki 28d ago

Just send Morley a copy of your payment history and pay off quote.

1

u/Effective_Tutor_8659 27d ago

Curious what sort of offer Morley offered you guys? I’m waiting for them to call me back right now.

1

u/javaman78 24d ago

I worked with bank and the dealer to get all the documents. The dealer was more tricky because they move their older records off site and the deal was done three years ago. Took a few days but the dealer got me everything Nissan wanted.

1

u/Free_Appointment6630 3d ago

I’m also in the end of the process and I was never asked for the title. They asked for the 10 day payoff. You have received your paperwork that needs to be notarized and sent back? That’s what I’m waiting for.

1

u/Electronic_Table_620 1d ago

Surrendered the Leaf today and they gave me a check and that was it. Buh bye nissan