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Incentives for May??

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Old Apr 29, 2020 | 11:42 AM
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Default Incentives for May??

Lease ends in early July, so I am deciding what to do. Anyone know when May incentives will be forthcoming?
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Old Apr 29, 2020 | 11:48 AM
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May 1
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Old Apr 29, 2020 | 12:12 PM
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Hope your dealer isn't one of the ones that is being difficult:

USA Today

Figueroa is one of 10 people interviewed by USA TODAY who said auto dealers and finance companies have made it difficult, if not impossible, to return leased cars during the coronavirus crisis. Several of those interviewed said dealers and finance companies, usually the manufacturers’ in-house lending arms, pressured them to accept lease extensions or to lease new cars.

With an average of 340,000 car leases set to expire each month as the economy struggles during the coronavirus crisis, industry experts told USA TODAY that automakers and their in-house finance companies have shifted the burden onto consumers by pushing for lease extensions or new leases.
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Old Apr 29, 2020 | 07:07 PM
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Originally Posted by A7thson
Hope your dealer isn't one of the ones that is being difficult:

USA Today

Figueroa is one of 10 people interviewed by USA TODAY who said auto dealers and finance companies have made it difficult, if not impossible, to return leased cars during the coronavirus crisis. Several of those interviewed said dealers and finance companies, usually the manufacturers’ in-house lending arms, pressured them to accept lease extensions or to lease new cars.

With an average of 340,000 car leases set to expire each month as the economy struggles during the coronavirus crisis, industry experts told USA TODAY that automakers and their in-house finance companies have shifted the burden onto consumers by pushing for lease extensions or new leases.
I can't believe so many people lease cars!
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Old Apr 29, 2020 | 07:17 PM
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Originally Posted by A7thson
Hope your dealer isn't one of the ones that is being difficult:

USA Today

Figueroa is one of 10 people interviewed by USA TODAY who said auto dealers and finance companies have made it difficult, if not impossible, to return leased cars during the coronavirus crisis. Several of those interviewed said dealers and finance companies, usually the manufacturers’ in-house lending arms, pressured them to accept lease extensions or to lease new cars.

With an average of 340,000 car leases set to expire each month as the economy struggles during the coronavirus crisis, industry experts told USA TODAY that automakers and their in-house finance companies have shifted the burden onto consumers by pushing for lease extensions or new leases.
Yeah screw them. If the lease is up, the lease is up.
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Old Apr 29, 2020 | 07:48 PM
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Originally Posted by Cgltd
I can't believe so many people lease cars!
they can't afford to own their own vehicle so they lease for the cheaper payments but you get nothing for trade by leasing
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Old Apr 29, 2020 | 08:02 PM
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Originally Posted by dac12046
they can't afford to own their own vehicle so they lease for the cheaper payments but you get nothing for trade by leasing
The vast majority of people driving around are underwater on their loans. They will get LESS than nothing for their trade, they will be rolling over negative equity into their new "purchase", thus rendering them even further underwater.
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Old Apr 29, 2020 | 09:45 PM
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Originally Posted by dac12046
they can't afford to own their own vehicle so they lease for the cheaper payments but you get nothing for trade by leasing
Interesting stereotype. The wife and I can afford just about any vehicle we want. We choose to lease my wife's vehicle so she is always in something new that I don't have to worry about.
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Old Apr 30, 2020 | 12:07 AM
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2 weeks ago I returned my leased 18 and picked up a new 20. No issues returning.

Around me the new incentives from dealers and Ford are released around the 5th of the month.
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Old Apr 30, 2020 | 09:47 AM
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Originally Posted by dac12046
they can't afford to own their own vehicle so they lease for the cheaper payments but you get nothing for trade by leasing
Interesting analysis of the issue. I lease because at my age, a lot can change in 3 years. What I may choose to afford is not the issue.
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