Finance Insurance

Ford, GM, Stellantis offer lease extensions

Leasing levels have dropped as customers opt to extend current leases or return leased vehicles without making another purchase. Almost 800,000 fewer vehicles were leased in 2020 than 2019, according to credit bureau Experian. (DAVID PHILLIPS)
March 20, 2021 04:00 AM

Ford Motor Co., General Motors and Stellantis are offering end-of-term leasing customers the option to extend their contracts amid new-vehicle manufacturing delays. Extension eligibility is dependent on account status and proof the customer has ordered the next vehicle.

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