My 2017 R lease is terminating in Mid-June as such, I was exploring my options. In an earlier thread I inquired if anyone was successful in "negotiating" their residual. That aside, there is now two programs that Jaguar is offering during the pandemic. The first, for me personally has more appeal...

LEASE PAYMENT WAIVER PROGRAM

Returning Jaguar lessees, Jaguar will make your first 2 payments up to $750 per month‡ for qualified customers when you lease a new qualified Jaguar vehicle through Jaguar Financial Group§ through June 1st.

Eligible Vehicles:

• 2020 F-PACE, E-PACE, I-PACE, XE and the 2020 and 2021 F-TYPE

JFG Lease-End Extension: If your JFG lease is scheduled to end in the near future we will automatically extend it. By continuing to make your monthly payments, you may extend the term of your Lease Agreement for up to six months to allow you extra time and flexibility. No phone call is needed to confirm your extension. You will receive a letter or email from Chase for more information about the lease extension.

 

Many leasing companies are trying to do something like the Lease-End Extension. It's a ripoff. If you think about it (and use rough numbers), you started with a $100k car that is now a $50k car; on average your lease was covering a $75k car. Why should you pay the same for a car that's headed south from $50k? Great deal for them on the money factor if you'll hold onto their asset problem while the used car market (hopefully) recovers.

Option 1 could be fine - just make sure it's getting you the best deal, since the car market is desperate right now. Personally, I'd push again to renegotiate the buyout on your current car. If that doesn't fly, go buy/lease a SVR. Odds are, you can do it for the same money.

 

You're right about extending lease payments, its a great deal for them.

Its kind of telling how removed from planet earth the C-Suite is when they think $1500 off, or a 90 day slip on 0% loans, or extending lease payments are going to be game changers while an asteroid fills half the sky.

After Thursdays jobs report we'll have over 40M unemployed of 132M taxpayers, with 20M of those holding untouchable government jobs which are liabilities, not assets.

How can they be so clueless after they let go half their workforce at the bottom of the first inning?