Personal Finance

What is the Covid-19 deal with your car lease or financing?

  • Last Updated:
  • May 1st, 2020 12:52 pm
[OP]
Jr. Member
Aug 2, 2018
153 posts
93 upvotes

What is the Covid-19 deal with your car lease or financing?

Not the bank loan, I wanna check if someone is getting some relief from their dealer financial company, such as MB, BMW or Honda. It would be great if you share after calling them. Thanks!
5 replies
Deal Fanatic
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Feb 19, 2010
6237 posts
2967 upvotes
goingaround1 wrote: Not the bank loan, I wanna check if someone is getting some relief from their dealer financial company, such as MB, BMW or Honda. It would be great if you share after calling them. Thanks!
And what did you find out? Surely, to have such a question must mean you've already called your finance company, right?
Deal Addict
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Jun 23, 2017
1177 posts
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Toronto, ON
nothing... but then again, i only have a few weeks left on my lease.
Deal Fanatic
Apr 16, 2007
7875 posts
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Financial District B…
goingaround1 wrote: Not the bank loan, I wanna check if someone is getting some relief from their dealer financial company, such as MB, BMW or Honda. It would be great if you share after calling them. Thanks!
I'm pretty sure any finance relief/deferral options are based on a case by case basis.
While some manufacturers may have a COVID page on their websites that state they can offer up to 6 months deferral it may be subject to qualifying.
ie: someone who has never missed or been late on their auto loan may get consideration while another that has shown some past tardiness may get denied
----------------------------Licensed Credit Bureau member, S1, FI Automotive, CCP forums most banned = x 13 and counting, guess who that is?... stomped to the curb once again
Deal Fanatic
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Feb 6, 2004
6697 posts
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GT'eh
I heard Toyota & Subie & ford, Gm are offering relief for a few months on new or existing leases
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