Consumers delay off-lease returns

(c) Can Stock Photo / welcomia

Consumers are delaying their off-lease returns as COVID-19 shelter-in-place orders have shuttered dealership doors and limited consumer movement. Some auto lenders, such as Chase Auto, are allowing consumers to automatically extend their lease up to six months if they continue making monthly payments. An estimated 251,000 leases delayed returning to market in March out of […]

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