Author Topic: Honda and Toyota - 2 Months free  (Read 10308 times)

Offline zale

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Re: Honda and Toyota - 2 Months free
« Reply #20 on: April 02, 2020, 11:34:37 AM »
I just got this.
Waived or deferred? There is a big difference.

Offline Knak Yankel

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Re: Honda and Toyota - 2 Months free
« Reply #21 on: April 02, 2020, 03:47:37 PM »
I actually called in Honda and they waived me 2 Months!

Please spread the word!

Offline sruly

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Re: Honda and Toyota - 2 Months free
« Reply #22 on: April 02, 2020, 03:55:29 PM »
Anyone have luck doing this with Chrysler?

I have a Chrysler lease with Ally bank. They are offering up to a 120 day payment deferment, but I am looking for a lease extension.
Lease is up in 2 weeks and they emailed me (see below)last week that they are giving me 30 days free + miles.
I called to extend 3 months and they want double what I am paying now so not worth it but they did tell me that typically they give 7 days free so now I have 37 days extra.

Keep your vehicle for another 30 days — on us.

Auto account ending in:   ***-**********

In response to the coronavirus (COVID-19) outbreak and its economic impact, we want to make the lease-end transition easier for you. Keep your vehicle for 30 days after your scheduled end date.

Here’s what you need to know:

We’re not charging any fees for the extra 30 days.

Don’t worry — we’ll give you additional miles. To calculate your additional mileage, divide the total number of miles your contract allows by the number of months in your contract. For example, if your one-year contract allows 12,000 miles total, you’ll get an additional 1,000 miles for the extra 30 days. Note that you’ll be responsible for any miles beyond what we’re providing for the extra 30 days.

Drive and take care of your vehicle as you normally would — this includes keeping your vehicle insured and otherwise complying with the terms of your lease.

If you want to return your vehicle at any point before your additional 30-day period ends, you can bring it back to the dealership. Contact us if you’re having trouble finding a dealership or need more time to return your vehicle. We’re here to help if you want to purchase your vehicle, too

Offline zale

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Re: Honda and Toyota - 2 Months free
« Reply #23 on: April 02, 2020, 03:58:03 PM »
Lease is up in 2 weeks and they emailed me (see below)last week that they are giving me 30 days free + miles.
I called to extend 3 months and they want double what I am paying now so not worth it but they did tell me that typically they give 7 days free so now I have 37 days extra.

Keep your vehicle for another 30 days — on us.

Auto account ending in:***-**********

In response to the coronavirus (COVID-19) outbreak and its economic impact, we want to make the lease-end transition easier for you. Keep your vehicle for 30 days after your scheduled end date.

Here’s what you need to know:

We’re not charging any fees for the extra 30 days.

Don’t worry — we’ll give you additional miles. To calculate your additional mileage, divide the total number of miles your contract allows by the number of months in your contract. For example, if your one-year contract allows 12,000 miles total, you’ll get an additional 1,000 miles for the extra 30 days. Note that you’ll be responsible for any miles beyond what we’re providing for the extra 30 days.

Drive and take care of your vehicle as you normally would — this includes keeping your vehicle insured and otherwise complying with the terms of your lease.

If you want to return your vehicle at any point before your additional 30-day period ends, you can bring it back to the dealership. Contact us if you’re having trouble finding a dealership or need more time to return your vehicle. We’re here to help if you want to purchase your vehicle, too
Are you with Ally Bank or Chrysler Capital?

Offline kayef

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Re: Honda and Toyota - 2 Months free
« Reply #24 on: April 02, 2020, 06:55:31 PM »
Are you with Ally Bank or Chrysler Capital?
That email is from Ally. I got it as well

Offline nsastamps

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Re: Honda and Toyota - 2 Months free
« Reply #25 on: April 02, 2020, 07:05:12 PM »
Is Honda lease deferment gonna work if I leased through a credit union?

Online joe1234

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Re: Honda and Toyota - 2 Months free
« Reply #26 on: April 02, 2020, 07:28:38 PM »
Following

Offline ilherman

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Re: Honda and Toyota - 2 Months free
« Reply #27 on: April 02, 2020, 07:28:50 PM »
I actually called in Honda and they waived me 2 Months!

Please spread the word!
Where did you call?
You can say what you think when you think what you say.

Offline ilherman

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Re: Honda and Toyota - 2 Months free
« Reply #28 on: April 02, 2020, 07:31:31 PM »
Where did you call?
With a lease, doesn't it work that a bank basically buys off the car and is leasing it to me? Isn't it up to the bank rather than Honda if they want to waive anything?
You can say what you think when you think what you say.

Online Mordyk

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Re: Honda and Toyota - 2 Months free
« Reply #29 on: April 02, 2020, 08:25:37 PM »
With a lease, doesn't it work that a bank basically buys off the car and is leasing it to me? Isn't it up to the bank rather than Honda if they want to waive anything?
Honda financial is honda bank.  Sometimes with specials it can be private credit unions etc...  but for the most part leases are through the car company
#TYH

Online Mordyk

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Re: Honda and Toyota - 2 Months free
« Reply #30 on: April 02, 2020, 08:26:23 PM »
Is Honda lease deferment gonna work if I leased through a credit union?
You must call the credit union directly.  I had once through credit union. I hated it. Everything was so complicated
#TYH

Offline justmeha

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Re: Honda and Toyota - 2 Months free
« Reply #31 on: April 02, 2020, 08:31:37 PM »
anything for Chevrolet?

Offline israshot

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Re: Honda and Toyota - 2 Months free
« Reply #32 on: April 03, 2020, 02:01:15 PM »
Just did a deferral for 2 months for my leasing. Next payment due is in June. I went on Honda's website, logged in, under payments I selected payment deferral and submitted the request.

Offline israshot

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Re: Honda and Toyota - 2 Months free
« Reply #33 on: April 03, 2020, 02:09:52 PM »
Waived or deferred? There is a big difference.
Deferred. Leasing extended. It's free because you got to use the car for 2(3) months at no cost.
With financing it's not a big deal though.

Offline yossig

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Re: Honda and Toyota - 2 Months free
« Reply #34 on: April 03, 2020, 02:20:55 PM »
Deferred. Leasing extended. It's free because you got to use the car for 2(3) months at no cost.
With financing it's not a big deal though.
according to my leasing agent you return the car on time but you continue paying 2 extra months.
So technically it’s not 2 free months
« Last Edit: April 03, 2020, 02:56:29 PM by yossig »

Offline Let3

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Re: Honda and Toyota - 2 Months free
« Reply #35 on: April 03, 2020, 02:27:52 PM »
Can anyone else confirm this?
For free I would do it now.
Otherwise not jumping on it yet.

Offline sb613

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Re: Honda and Toyota - 2 Months free
« Reply #36 on: April 03, 2020, 02:40:14 PM »
What will this do to your credit?

Offline israshot

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Re: Honda and Toyota - 2 Months free
« Reply #37 on: April 03, 2020, 04:36:41 PM »
according to my leasing agent you return the car on time but you continue paying 2 extra months.
So technically it’s not 2 free months
Sorry, I should've taken a screenshot on the online request. Payments are not due for the next 2 months and the lease is extended for another 2 months.
As an example, my lease of 36M is maturing in July (3 months from now), they are now pushing it to September and asking me to pay another 3 payments only. I'm having 38 months on my car with 36 payments. I called to confirm that.
I'll send a copy of the letter when received by mail.

Anyone here with a Honda leasing that can go through the process and take a screenshot?

Offline zale

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Re: Honda and Toyota - 2 Months free
« Reply #38 on: April 03, 2020, 04:40:09 PM »
Sorry, I should've taken a screenshot on the online request. Payments are not due for the next 2 months and the lease is extended for another 2 months.
As an example, my lease of 36M is maturing in July (3 months from now), they are now pushing it to September and asking me to pay another 3 payments only. I'm having 38 months on my car with 36 payments. I called to confirm that.
I'll send a copy of the letter when received by mail.

Anyone here with a Honda leasing that can go through the process and take a screenshot?

Interesting. The deferment from Ally looks quite different. They are allowing no payments for up to 120 days, but they will also extend your contract by 120 days. So you pay for it eventually after the vehicle is returned.


Offline Let3

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Re: Honda and Toyota - 2 Months free
« Reply #39 on: April 03, 2020, 06:58:25 PM »
Sorry, I should've taken a screenshot on the online request. Payments are not due for the next 2 months and the lease is extended for another 2 months.
As an example, my lease of 36M is maturing in July (3 months from now), they are now pushing it to September and asking me to pay another 3 payments only. I'm having 38 months on my car with 36 payments. I called to confirm that.
I'll send a copy of the letter when received by mail.

Anyone here with a Honda leasing that can go through the process and take a screenshot?
I have a Honda, but I don’t see where you did the process online.
I only see them offering deferment for first payment on new leases.

https://www.honda.com/covid19/COVID-19.pdf