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Automakers Provide Payment Relief and Assurance During COVID-19 Pandemic Uncertainty
COVID-19 Car Relief Programs: How MotorVero Helps You Navigate Automaker Assistance
Introduction
The COVID-19 pandemic has created unprecedented challenges for consumers, including financial uncertainty. In response, many automakers have introduced relief programs to help car buyers and lessees manage payments during these difficult times. MotorVero is here to guide you through these programs, ensuring you make informed decisions. From payment deferrals to job loss protection, we’ve got you covered.
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Hyundai Sonata Hybrid 2020: A Case Study in Relief Programs
Hyundai has been a leader in offering financial relief during the pandemic. The 2020 Hyundai Sonata Hybrid is one of the vehicles eligible for Hyundai’s Assurance Job Loss Protection program. This initiative provides up to six months of payment relief for new vehicle owners who lose their jobs involuntarily. Additionally, Hyundai is offering a 90-day payment deferral option on select models, including the Sonata Hybrid, Santa Fe, Tucson, and more.
- Eligibility: Customers who purchased or leased a new Hyundai between March 14 and May 17, 2020, and financed through Hyundai Capital.
- Benefits: Up to six months of payment relief or a 90-day deferral.
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Ford’s Built to Lend a Hand Program
Ford has introduced the Built to Lend a Hand program, which offers significant financial assistance to new-car buyers. Eligible customers can have three months of payments covered by Ford, with an option to defer an additional three months. This program applies to model-year 2019 and 2020 vehicles, excluding the 2020 Super Duty pickup trucks.
- Key Features: Payment deferrals, lease extensions, and job loss protection.
- How to Apply: Visit Ford Credit Support or call 800-723-4016.
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GM Financial Assistance: Bridging the Gap
General Motors is offering deferred payments of up to 120 days for new-vehicle buyers. Additionally, GM Financial is providing loan terms as low as 0% for up to 84 months for buyers with excellent credit. This program aims to reassure hesitant shoppers during these uncertain times.
- Eligible Vehicles: All 2019 models and most 2020 models from Buick, Cadillac, Chevrolet, and GMC.
- Additional Perks: Three months of complimentary OnStar services for current owners.
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Genesis Cares Job Loss Protection
Hyundai’s luxury brand, Genesis, is offering a six-month payment relief program called Genesis Cares Job Loss Protection. This program is available to customers who purchased a model-year 2019 G70 sedan and financed through Genesis Finance. Existing owners can also defer payments for up to 90 days in case of job loss or medical issues.
- Highlights: Payment deferrals and job loss protection.
- How to Enroll: Contact Genesis Finance for details.
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Honda and Acura’s Multifaceted Relief Approach
Honda and Acura are offering payment extensions, deferrals, and late fee waivers for customers who financed their vehicles through Honda Financial Services or Acura Financial Services. New customers can also take advantage of the 90 Days to First Payment Program, which defers the first payment for 90 days.
- Special Offer: $500 discount for first responders and healthcare professionals.
- How to Apply: Visit Honda or Acura Financial Services online.
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Jaguar Land Rover’s Lease Payment Waiver
Jaguar Land Rover is offering 0% financing for 72 months on model-year 2020 vehicles and the 2021 Jaguar F-Type. Additionally, the Lease Payment Waiver plan allows eligible returning lessees to waive two payments of up to $750 each.
- Eligibility: Model-year 2020 Jaguars and Land Rovers.
- How to Enroll: Contact Jaguar Land Rover Financial Group.
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Mazda’s Payment Deferral Program
Mazda Financial Services is offering a payment-deferral program for up to 90 days on new and certified used Mazda vehicles. This program is available to eligible customers who finance a vehicle between April 1 and April 30, 2020.
- Key Details: Defer payments for 90 days.
- How to Apply: Visit Mazda Financial Services online.
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Mitsubishi’s Ally Financial Partnership
Mitsubishi is offering up to 120 days of payment deferment for current owners who financed through Ally. New-vehicle shoppers can also defer payments for up to 90 days, depending on individual credit.
- Eligibility: All Mitsubishi vehicles financed through Ally.
- How to Apply: Contact Ally Financial for more information.
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Porsche’s Flexible Payment Options
Porsche Financial Services is offering payment deferrals on lease contracts and lease extensions of up to six months. The automaker is also enhancing its home pickup and dropoff maintenance program to provide added convenience for customers.
- Key Features: Payment deferrals, lease extensions, and enhanced maintenance services.
- How to Enroll: Contact Porsche Financial Services.
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Toyota and Lexus Payment Relief
Toyota and Lexus are offering payment relief options, including finance contract payment extensions and lease deferred payments. The automaker is also providing assistance to customers nearing the end of their lease.
- Eligibility: Customers who financed through Toyota Financial Services or Lexus Financial Services.
- How to Apply: Visit Toyota or Lexus Financial Services online.
Volkswagen’s Community-Driven Promise
Volkswagen is offering 90 days of payment deferrals and lease extensions of up to six months for existing customers. New customers can defer their first payment for up to 120 days and take advantage of 0% financing for up to 72 months.
- Key Benefits: Payment deferrals, lease extensions, and 0% financing.
- How to Apply: Visit Volkswagen Credit online.
Conclusion
Navigating the financial challenges posed by COVID-19 can be overwhelming, but MotorVero is here to help. With comprehensive guides on automaker relief programs, we ensure you have the information you need to make the best decisions for your situation. Whether you’re looking for payment deferrals, job loss protection, or lease extensions, MotorVero has you covered.
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Motorvero Chris2
Last Updated On Mar, 10-2025