Props to them.
I contacted Chase about this last week. They said I can pay as much or none of my mortgage payment for the next 3 months. No penalties, no fees, no credit reporting. They were very clear that what they are offering is not “deferring payments”.
However, at the end of the 90 days the full balance of three months is due.
I’m sure this is helpful in certain scenarios, but not really for most folks.
Perhaps what they are offering now is different.
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That’s not really all that helpful for folks who are just now starting to see cash flow problems and are really going to be in the lurch at the end of those 90 days.
How is that not deferred payment(s)?
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They are not adding three months to the loan maturity. Just allowing you to be flexible. The total is still due after 3 months. The others are adding the deferral to loan maturity.
11 posts were merged into an existing topic: Desperate Times Call for Desperate Measures (THE CORONAVIRUS LANDFILL THREAD)
So it’s a deferral. An extension would change the maturity. A payment deferral is Wimpy’s rules for 
: I’ll gladly pay you in 3 months for my car lease today.
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Can some one confirm if the consumer has to pay interest on the deferred payments when the time comes? ( I tried calling BMWFS about this but couldn’t get hold of a rep)
While this isn’t a new lease deal it’s still a pretty slick deal anyway…
BMW FS just extended my lease 1 month for free and gave me prorated extra mileage until the end of May.
They said it’s because my dealership is closed that they are able to offer me that option.
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OP updated with links to incentives such as ‘zero interest’ and 90-120 day deferral of payments
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Just an update on my previous situation. The local Land Rover dealer refused to take the lease back because they wanted us to extend the lease. We ended up returning it to a Land Rover dealer about an hour away.
They took the car back about two and a half weeks early. I didn’t care about getting any money back. I was over the mileage anyway. Everything was done outside in the parking lot.
We recently received an invoice from CHASE bank and they charged us $300 instead of the $500 fee we were supposed to pay upon returning the car. Also, they didn’t charge us for the over mileage. We were over about 3,000 miles.
We did not lease another car at this time. We have an extra car for now and I’d rather not have the extra monthly payment at this time.
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What money do you think you should have gotten back?
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Ha, they probably did this so they didn’t have to find places to park cars, plus they probably get a write off.
I never thoughts of that. 
Sorry. I did t write that correctly. Some people on this thread wrote about returning the lease early to get out of paying for the rest of it.
I wasn’t looking to return the car to get out of making payments. I made my last payment for all of April, but returned the car in the first week of April. I was over the miles anyway, I just didn’t want to be stuck with the car longer than I had to.
Hope this clarifies.
I think most places allow you to return up to 30-60 days early without early termination fee in the old world order, as long as you make payments of course.
I was just offered a 5 month extension on my stelvio lease ending next month. Lender is Ally. 20% payment discount. I can end the extension at any time during the extension.
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Are you gonna have to do that spark plug service though? I can’t wait to get rid of my stelvio but if they let me keep it a few months for $300/mo I might.
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I just don’t need the car so won’t keep it. I’ll still have a Giulia to keep me happy.