Coronavirus Car Payment Assistance Programs
Almost all major car manufacturers are offering payment relief programs during the COVID-19 pandemic. They are offered in the form of deferred payments on new vehicles, payment extensions, and lease extensions. Many will also waive any late fees for an extended period of time. (these are discounts for everyone, not to mention those discounts for first responders)
Manufacturers like Chevrolet, Buick, and GMC are offering special incentives as well, with 0% APR for up to 84 months available to very well qualified buyers. There are still new cash back, finance, and lease deals introduced at the beginning of each month.
If your local and state government have deemed transportation as an essential need, most dealer service operations for repair and maintenance should be open.
Tip: To truly get a good deal, you’ll want to get prices from several dealerships. (click the orange button above and Get Prices).
Below we will give an overview of each car manufacturer’s Coronavirus payment relief program, available to new and current customers.
Table of Contents
- Acura COVID-19 Hardship Help
- Audi COVID-19 Assistance
- BMW Coronavirus Response
- GM (Buick, Cadillac, Chevrolet, GMC) Coronavirus Response
- Fiat-Chrysler (Chrysler, Dodge, Jeep) COVID-19 Response
- Ford Motor Company (Ford, Lincoln) COVID-19 Assistance Program
- Ford Promise Vehicle Return Program
- Honda COVID-19 Hardship Help
- Hyundai Coronavirus Relief Program
- Infiniti COVID-19 Response Program
- Jaguar COVID-19 Response
- Kia Coronavirus Response Program
- Land Rover COVID-19 Response
- Lexus COVID-19 Assistance Program
- Mazda COVID-19 Response Program
- Mercedes-Benz COVID-19 Response
- Mitsubishi COVID-19 Financial Support
- Nissan Coronavirus Assistance Program
- Porsche COVID-19 Response
- Subaru COVID-19 Response Program
- Toyota COVID-19 Response Program
- Volkswagen COVID-19 Response
- Volvo COVID-19 Response
Acura COVID-19 Hardship Help
Current Customers: The Hardship Help program for current Acura Financial Services account holders can get payment extensions, deferrals, and late fee waivers.
Prospective Customers: A 90-day deferred payment program is available to new and used car buyers. A Loyalty Purchase Assistance Cash deal of $500 is available on any new Acura model. There are also special APRs on pre-owned TLX and RDX models. Acura is currently offering first responders and healthcare professionals up to $750 off a purchase or lease on any 2020 or newer model.
Audi COVID-19 Assistance
Current Customers: Audi‘s Financial Services are open and accessible to customers that need financial assistance.
Current Customers: BMW‘s Customer and Financial Services are available to customers that need assistance due to the COVID-19 pandemic.
Current Customers: GM Financial customers (Buick, Cadillac, Chevrolet, and GMC) that are affected by COVID-19 are encouraged to message through the mobile app or contact 1-800-284-2271 for assistance. Current owners have OnStar Crisis Assist services for a limited time and complimentary in-vehicle data for Wi-Fi equipped vehicles; 3GB or three months, whichever comes first. GM is offering customers the ability to shop online and take delivery at home from a participating dealership.
Buick Prospective Customers: Buick is offering new buyers 0% APR for 84 months on the 2020 Encore and Envision. There is also an option to defer monthly payments for 120 days.
Chevrolet Prospective Customers: Chevrolet is offering 0% APR for 84 months on 2019 and 2020 Equinox, Silverado 1500, and Trax models. Customers can also defer monthly payments for 120 days on most Chevy models.
GMC Prospective Customers: GMC is currently offering new buyers 0% APR for 84 months on 2020 Sierra 1500, Acadia, and Terrain models. Customers can also defer monthly payments for 120 days.
Fiat-Chrysler (Chrysler, Dodge, Jeep) COVID-19 Response
Prospective Customers: There may be options to defer payments for 90 days on select 2019/2020 models if financed through Chrysler Capital.
Ford Motor Company (Ford, Lincoln) COVID-19 Assistance Program
Prospective Customers: Ford is also giving customers the option to delay the first payment on a new vehicle for 90 days. They are also offering six months of payment relief for select new-car customers. Ford will pay for three months and then the customer can defer monthly payments for up to three more months. This deal excludes 2020 Super Duty trucks, but is available on the rest of the 2019 and 2020 lineup.
Ford Promise Vehicle Return Program
The Ford Promise program allows customers to return a vehicle within one year of purchase if they experience financial hardship due to involuntary loss of employment. The Ford vehicle buy-back program will cover:
- 2019/2020/2021 new, used, or CPO vehicles that have been leased or purchased through Ford Motor Credit between June 26th, 2020 and September 30th, 2020.
- Up to $15,000 waived/paid with the customer responsible for the remaining balance
To qualify, customers must have been approved for state unemployment benefits and must notify the Claims Administrator within thirty days of involuntary job loss. Customers experiencing self-employed personal bankruptcy are also eligible for Ford Promise.
Ford is offering 0% APR for 72 months on select 2019/2020 models. Here is a full list of Ford incentives and more details on Ford Promise.
Honda COVID-19 Hardship Help
Current Customers: Payment extensions, deferrals, and late fee waivers are available through Honda’s Hardship Help program.
Prospective Customers: New customers can defer payments for 90 days and also get $1,000 in cash back towards the purchase or lease of select new models. There are special APRs on pre-owned Civic, Accord, and CR-V models. Honda is now offering up to $500 off a purchase or lease of a new vehicle to healthcare professionals.
Current Customers: Current Hyundai customer can defer payments for up to three months if they lose their job or face medically-related hardships before December 31st, 2020. The Hyundai Assurance Job Loss Protection program will waive up to six months of payments for new owners who have lost their job that purchased or leased a vehicle before December 31st, 2020. Hyundai will also extend any qualifying warranty that ends between March and June 2020 until June 30th, 2020.
Prospective Customers: There is special 0% APR financing available on select new models, and customers have the option to delay payments for 120 days.
Infiniti COVID-19 Response Program
Current Customers: Infiniti customers that are going through financial hardship are encouraged to call or email Infiniti Financial Services to discuss payment alternatives.
Prospective Customers: Infiniti is now offering no payments for up to 90 days on a purchase or lease on any 2020 model. New customers can get 0% APR financing for 72 months on all 2020 models.
Jaguar COVID-19 Response
Current Customers: Returning Jaguar lessees can get their first two payments of up to $750 waived if financed through Jaguar Financial Group. Jaguar is also offering its lessees the option to extend their lease agreement for up to 6 months.
Prospective Customers: The Jaguar Deferment Program allows eligible customers to defer their payments for up to 90 days. This can be applied to all new 2020 models.
Current Customers: Kia customers (financed or leased before March 14th) that are providing care for themselves or a member of their household and are unable to work can request a 30-day payment extension up to three times. Kia is also extending its warranty program until June 30th, 2020 for anyone that couldn’t make it to a Kia dealer between March 2020 and May 2020 due to COVID-19.
Prospective Customers: New buyers can defer payments for 120 days and get 0% APR financing for 72 months.
Land Rover COVID-19 Response
Current Customers: Returning Land Rover lessees can get their first two payments of up to $750 waived if financed through Land Rover Financial Group. Land Rover is also offering its lessees the option to extend their lease agreement for up to 6 months.
Prospective Customers: The Land Rover Payment Deferment Program allows eligible customers to defer their payments for up to 90 days. This can be applied to all new 2020 models.
Lexus COVID-19 Assistance Program
Current Customers: Lexus customers going through financial hardship due to the global pandemic are encouraged to call Lexus Financial Services at 800-874-7050 to discuss payment relief options.
Mazda COVID-19 Response Program
Current Customers: Mazda is encouraging its customers to contact Mazda Capital Services for any financial relief. Current Mazda owners can get up to $1,500 off when they purchase or lease any new Mazda.
Prospective Customers: New customer can get 0% APR on most models and Mazda is offering a 90-day deferred payment program.
Mercedes-Benz COVID-19 Response
Current Customers: Customers are encouraged to call Mercedes-Benz Financial Services at 800-654-6222 for any financial assistance related to the Coronavirus pandemic.
Mitsubishi COVID-19 Financial Support
Current Customers: Mitsubishi customers who financed through Ally can contact them to defer payments for up to 120 days.
Prospective Customers: New buyers can finance a new vehicle through Ally and defer payments for up to 90 days.
Current Customers: Nissan and NMAC Customer Service are available at 1-800-456-6622 to assist customers and discuss payment arrangements.
Prospective Customers: Nissan is offering new customers the option to defer monthly payments for up to 90 days. The manufacturer will also cover payments for up to two additional months.
Porsche COVID-19 Response
Current Customers: Impacted Porsche customers are encouraged to send a secure message through their PFS Account for financial assistance. Any warranty period that expires between March and May 2020 will be extended for three months.
Subaru COVID-19 Response Program
Current Customers: Current Subaru lessees can extend their lease agreements for up to 6 months.
Prospective Customers: New Subaru customers can get 0% APR for 63 months on 2020 Ascent, Forester, Outback, Legacy, and Impreza models. Buyers also have the option to defer payments for up to 90 days.
Toyota COVID-19 Response Program
Current Customers: Toyota Financial Services is offering payment relief options to customers who are effected by COVID-19. Qualified lease and finance customers can get payment extensions or lease deferred payments. They are also offering assistance to customers who are nearing the end of their lease period.
Prospective Customers: Qualified customers can get 0% APR for 60 months on 2020 models like the Camry, RAV4, and Tacoma. Toyota will also defer payments for up to 90 days. Every new Toyota will come with ToyotaCare, which is a no-cost maintenance plan for 2 years or 25,000 miles.
Volkswagen COVID-19 Response
Current Customers: Volkswagen customers are encouraged to visit the Volkswagen Credit website if they are impacted by COVID-19. Existing customers can defer their payments for up to 90 days without fees.
Prospective Customers: Most new VW models come with 0% APR for 72 months and there is also an option to defer the first month’s payment for 120 days. Eligible customers who lost their job due to economic reasons can get up to 6 months of payments (of up to $750 per month) waived.
Volvo COVID-19 Response
Current Customers: Customers going through financial hardship are encouraged to call Volvo Car Financial Services to discuss payment relief options.
These offers may vary based on location, credit score, and financing terms and are not guaranteed. So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.