Your point Glos Guy would make an interesting read, how many people get the same car who in theory could extend but aren’t aware? If it wasn’t for this forum I’d not be aware of lease extensions and I would simply replace the car every three years
Good point James. I suspect that very few are aware, but some people are very keen to get a brand new car every 3 years regardless, and I suspect that those of us who pay the upper end of the AP scale are a relatively low percentage. For those happy with cars with low AP’s and don’t add any extras (I’m guessing, but probably the majority) then they would probably renew every 3 years without even thinking about it. TBH, we are usually very keen to renew as we like a change every few years, but the combination of lockdown and ever decreasing choice has made us think that we might extend. However, we wouldn’t do so with the intention of keeping the car the full 2 years. The advantage of extending is that you are then free to order a new car at any time within that 2 years, so if a new car comes on the scheme at any time you can go for it immediately, rather than the anxiety of waiting for a fixed order date, by which time the car might have vanished!