I’ve had countless clients keep & pay with only one car picked up (by FMCC) despite on-time payments. The client was upside down on it so she was not too upset. Personally I think you would have to be daffy to reaffirm a lease. For what its worth TMCC has told me that unless a debtor is two payments behind they would not pick up the car. Client had two TMCC loans: The Stmt. of Int. said the client would reafffirm as to one and retain and pay as to the other. The Toyota agent said that this would also apply as to the loan we were planning to but had to that point not reaffirmed. We later changed the Stmt. of Int. to provide retain and pay as to both loans. TMCC did not mess with either car to my knowledge. I wouldn’t advise to reaffirm a lease. The problems that I am hearing now is if they surrender they are having problems getting any type of car after discharge in a 7. It used to be that Bill Heard and Carmax would get them in a car at reasonable interest rates. Now they are reporting back to me used car rates of 14 to 15 percent interest if they can even get them. This is putting a lot more pressure on them to reafirm because at least they know they have transporation if they surrender or try drive through.
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