COVID-19

Jaguar, Land Rover offering flexible payment terms, delivery options for buyers

Land Rover and Jaguar buyers are now able to take advantage of flexible payment terms for their new cars and SUVs.

Photo courtesy of Land Rover
Many Jaguar and Land Rover dealerships are already offering full home pickup and delivery service in the wake of the COVID-19 pandemic, but today their parent company, Jaguar Land Rover, announced a number of new initiatives aimed at making the JLR customer experience better during this trying time.

New customers can take advantage of zero percent financing for 72 months on 2020 Jaguar and Land Rover models, as well as 2021 Jaguar F-TYPE. Qualified buyers who purchase through Jaguar Financial Group or Land Rover Financial Group can get a 90-day first payment deferral on those purchases. The amount financed is capped at $100,000.

Current customers can take advantage of lease extensions. According to the automaker,
By continuing to make monthly payments, Jaguar Land Rover Financial Group lease customers may extend the term of a Lease Agreement for up to six months to allow extra time and flexibility. No phone call is needed to confirm the extension. Customers will receive a letter or email from Chase for more information about the lease extension.

Returning lesses can have two payments of up to $750 each waived on new leases signed during April and May. The Lease Payment Waiver covers all 2020 Jaguar models, as well as the 2021 F-TYPE, and 2020 Land Rover Discovery Sport, Discovery, Range Rover Evoque, and Range Rover Velar.

Retailers stand ready to handle the entire vehicle purchase process remotely and are available to finalize all purchases without the need for customers to leave their homes. Their facilities are undergoing an updated daily cleaning regimen and personnel are observing the safest levels of social distancing to continue supporting customers' vehicle needs. Retailers are extending vehicle drop-off times to eliminate vehicle service congestion, as well as offering a variety of transportation options to facilitate vehicle servicing.

This program runs through April and May, but may be extended.

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Insurance company Hagerty compiled a list of cars it thinks will climb in value and price.

Hagerty

Vehicle prices have grown across the board this year, but collector car prices have been on the move for years. The world of online car auctions and car shows such as Radwood have driven attention to obscure and otherwise unknown cars, pushing their prices. Insurance and overall automotive lifestyle company Hagerty is stepping in to help. It complied a list of vehicles that it believes are currently a good value and have potential to climb. The Hagerty Bull Market List covers ten vehicles of all types.

Hagerty’s list is expansive, covering several vehicle types, prices, and time periods. The list features vehicles built between 1963 and 2012, and is designed to nudge people into buying cars before they become unattainable. This is especially important now, as online auction sites have moved the markets for some previously obscure cars well past the point of reason.

The Bull Market List isn’t intended to give you an inside track on car values so that you can flip them for quick profit. Instead, the list should give you the push you need if you’re already on the fence about buying a car to keep and drive a cool vehicle. Hagerty wants people to buy the cars and have the ability to pass them on to other enthusiasts without charging exorbitant prices.

The Bull Market List includes (with excellent condition pricing):

  • 1965-1970 Cadillac DeVille ($28,800)
  • 1969-1974 Ferrari 246 Dino ($365,800)
  • 1983-1997 Land Rover Defender ($61,400)
  • 1979-1985 Mazda RX-7 ($17,600)
  • 1962-1967 Mercedes-Benz 230SL ($80,500)
  • 1963-1967 Pontiac GTO ($100,200)
  • 1992-1995 Porsche 968 ($38,000)
  • 1985-1995 Suzuki Samurai ($10,200)
  • 2008-2012 Tesla Roadster Sport ($97,000)
  • 1975-1993 Volvo 245 ($15,800)

If you’re considering one of the vehicles on the list and have the means, it’s a good idea to act in the near future. Vehicle prices are rising due to supply chain shortages to the point that even older cars are climbing. That, plus the effects of online car auctions, have made it hard to find a good value car.

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New electric pickup truck

GMC Hummer EV deliveries to start soon

Hummer EV deliveries will start in December.

GMC

This year has turned out to be as difficult for automakers as 2020 was, if not much more so. The pandemic is still a major factor, and to make matters worse there's a global microchip shortage that heavily impacts automakers' ability to build tech-heavy vehicles. GMC has a big launch left to handle in 2021, and according to a recent call with journalists, it's proceeding as planned. On a recent call with reporters, GMC exec Duncan Aldred noted that Hummer EV pickup deliveries are on track to begin in December. He also elaborated on the truck's EPA range numbers.

2023 GMC Hummer EVThe trucks will deliver up to 329 miles on a charge. GMC

The Hummer's EPA range lands at 329, not far from the 350 miles General Motors targeted for the vehicle. Those are the estimates for the limited Hummer Edition 1, which carries a six-figure price tag and gobs of bells and whistles. Aldred said that other models coming later on will offer longer range estimates when they hit the roads sometime in 2023.

A staggering 80 percent of reservations GMC has gathered so far are for the Edition 1 model. Almost half of the 125,000 people who have inquired about the Hummer EV have placed the refundable $100 deposit and the SUV's first year of production is completely sold out.

2023 GMC Hummer EVThe Hummer EV's first year of production is sold out. GMC

When it hits the streets later this year, the Hummer EV will be just in time to face off against a growing crop of EV trucks and SUVs. Rivian recently began delivering the R1T electric pickup truck and will continue with the R1S SUV next year. The Ford F-150 Lightning is coming in 2022, and General Motors itself has a Cadillac EV rollout to handle in 2022. Chevy and GMC will show off electric versions of the Silverado and Sierra pickup trucks on January 5 and GMC will push the Hummer SUV EV in 2023.

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