Can't say I've seen that before, but I'm not necessarily surprised. With a lease, you don't actually own the car. So I can't imagine how GM would be required to outright give you ownership of a new car.I just got my MSRP Swap letter and it's nothing like I've ever seen. I was in a 12k/36 month lease and paid it all up front. I ordered my new EUV and has the VIN assigned.
They are giving me back my lease payments, but not doing a true MSRP swap. So if I paid 7k for the three year lease, they are just giving me that back towards a new vehicle's purchase or lease. There is also no usage deductions.
Has anyone experienced this before? This is in Texas btw
If they're giving you all of your lease payments back to use with a new lease, how does that work out for you financially?