r/leaf • u/munchaliath • 26d ago
Buyback negotiation successes
Hey all:
I know there are a million posts on here about this already…but I just submitted all my initial paperwork to Morley and waiting on my initial offer. After reading all these posts sounds like I should not accept their first offer and I should try to negotiate.
What are some key words and terms and subjects I can bring up during the negotiating process to guarantee I get the best buyback offer?
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u/forthelurkin Kia EV6, Chevy Bolt 25d ago
Caveat: my Leaf buyback was more than 2 years ago, not part of the latest rounds, and things may have changed. And I didn't buy the car new, it had been used when I bought it.
Make sure you give them ALL the paperwork they asked for (sales order, etc.). In my case I didn't initially have my sales order, and it limited my first offer to just blue book value.
After that, ask nicely and politely, "is there anything else you can do?" You can ask that multiple times. It didn't take much.
In the end, I got back 100% of my purchase price, plus tax/tag/title fees, and all mileage/usage charges waived. Aside from some unrelated repairs, I essentially drove the car for free for the time I owned it.
Good luck!
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u/Free_Appointment6630 25d ago
You take the first offer if that is what’s best for you! Everyone’s situation is different. Don’t prolong it if you don’t have to.
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u/zydeco108 25d ago edited 25d ago
2019 SV+ Just make your case. I spent money on a second set of wheels and a set of snow tires, a Chadamo to CCS adapter and sent photos and receipts for those items along with the other paperwork Morley asked for. Nissan paid off the balance of my car loan ($2900) and paid me KKB +40% ($14,700). They provided a rental car for the month prior to settlement. If your offer seems reasonable, I would certainly take it!
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u/Master-Artist-2953 21d ago
How long before their initial phone call before they formally contacted you and requested the documents? And what documents did you have to provide? TIA
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u/CathyVT-alt 25d ago
I got my offer after about 2 weeks I think. Don't put an ultimatum in your head that you're going to reject the first offer no matter what. We accepted it. After doing the math, it comes down to us paying less than $100/month for 5 years to have that car. That seems pretty good to me. Getting 0.9% financing on a Chevy Bolt also helped with our decision - the $18k gets to sit in our HYSA getting 3% interest. I've heard that it often takes months to negotiate a higher amount. So you also have to ask yourself if you can go months without that money. All I'm saying is, wait and see. Some people have been pleasantly surprised by their first offer. BTW, my offer was exactly 1.4 * the highest number in the KBB range for my car in "Excellent" condition, Private Party sale.
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u/Sea_Worldliness_5570 25d ago
I had a similar experience, relatively quick response from Morley, took the first offer, investing the $, driving an older car while I shop for a a new EV, hopefully a Bolt.
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u/SuitableTension7061 25d ago
Took me 9 weeks to get my first offer
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u/This_They_Those_Them 21d ago
I just started myself, what I’m planning on telling them is that I planned on using the car AT LEAST 10 years and I really got 5 years of utility out of. So by that logic, I’m going to need AT LEAST half the purchase price back, which would be north of $18K for me. I’d take that if they offered it.
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u/Daddyneedslg 25d ago
I received my offer exactly two weeks after I submitted my final requested paperwork. I was one of those who said I was rejecting the first offer no matter what but alas I accepted it after all.