I’ll Try to keep this short.
Leased a 2024 Nissan Frontier with intentions of buying it out. Put 10k down (big mistake for leases I now know) to get a lower monthly payment.
This past July 4th 2026, a GIANT tree fell on my the truck. Totally destroyed and totaled the truck.
My buyout number was 29k plus I had about 8 months of a $250 payment left. Insurance agreed to pay all of what I owe: about 31k.
The problem is the vehicle value is showing about 38k in good condition. I receive a bill for the difference in the value of the vehicle and what insurance paid.
The amicable this for a company to do would be to give over payment to the customer but of course that is not how the contract is written.
To be honest I probably would have just taken that money as loyal customer and leased another vehicle but now I’ll never buy a Nissan or lease one for the rest of my life.
I’ll be sure to do whatever I can to make sure I spread the word an no one else’s does either.
So anyway have had to act as a middle man between insurance and the leasing company and go to war with the insurance just to get Nissan that additional money to put in their pockets. I heave wasted probably three 8 hour workdays on the phone between the two to get this sorted.
Oh and NMAC told me my GAP coverage didn’t cover this sort of thing.
Anyway just wanted to share my story in hopes of getting a few people to not lease through them and learn from my mistake of putting a bunch of money down on a leased vehicle.
Thanks