Well, if you listen to many of the “experts” on this forum, you’ll know that dealers will take huge losses on cars just to move them off the lots. Cause everyone knows taking 2,500 loser deals on your stock is what keeps the lights on, especially when supply will dwindle due to parts and manufacturing shortages, instead of paying minimal floorplan costs that will be much less than fire sales, and to which captives are likely to provide some sort of relief to as well. I mean dealership industry insiders have all but said they won’t be taking loser deals ad nauseam on this very forum, but they’re apparently just stupid and don’t know what they’re talking about.
In reality, if this is anything like 2008, keeping in mind 2008 looks to be a cakewalk in comparison, expect leasing to take a back seat and finance offers to increase. Captives will likely shed their lease portfolio to mitigate risk. Repossessions will likely skyrocket, putting pressure on the used car market.
Will there be some lease deals out there? In all likelihood, yes. They won’t be anywhere near the deals currently seen today though, and they certainly won’t be available at every company.