In an effort to help those impacted by Hurricane Laura, some captives are offering payment relief and assistance programs. Here is the list of captives offering support so far and their relief packages. Volvo Car Financial Services Volvo Car Financial Services has ceased collections temporarily and is offering payment extensions …
Read More »GM Financial offers dealers floorplan payment relief
DETROIT — GM Financial is giving dealers a break on some floorplan payments to help mitigate the effect of the novel coronavirus on their businesses. General Motors’ captive is temporarily waiving curtailments, which is the principal a dealer owes to pay down floorplan inventory that sits on the lot longer …
Read More »Ford Rolls Out Payment Assistance as Part of Coronavirus Response
Ford announced a program, Ford Credit Support, that will provide assistance to new-vehicle buyers as well as owners with current Ford Credit loans or leases. For new-vehicle buyers, the first payment can be delayed by up to 90 days, while current owners may be able to change a payment due …
Read More »Hyundai, Genesis Offering Payment Aid during Coronavirus Pandemic
If a fix works, why not bring it back when everything else feel like it’s breaking? Hyundai received kudos for its Assurance program during the Great Recession, so it’s bringing a modified version back during the coronavirus pandemic. This time, the luxury arm Genesis gets in on the action as …
Read More »Hyundai, Genesis offer temporary payment relief for job losses
LOS ANGELES — In response to coronavirus fears, Hyundai is relaunching its Assurance job-loss protection program for new vehicles, offering to make up to six months of payments for customers who buy or lease over the next six weeks through its captive financing arm. Genesis is offering a similar program. …
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