Ford Credit is offering payment relief to customers impacted by wildfires in Oregon as well as those recovering after Hurricane Sally, the lender said Tuesday. Qualified customers may delay one or two monthly payments, resuming their regular payment schedules when their situations improve. Alongside other leading lenders, Ford Credit extended …
Read More »Captives offer payment relief for customers impacted by Hurricane Laura
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 »Nearly 6,000 Michigan residents entitled to relief in Santander settlement, AG says
Nearly 6,000 Michigan automotive customers will be eligible for relief and possible loan forgiveness from Santander Consumer USA as part of the settlement agreed to between the subprime lender and a coalition of state attorneys general. Santander allegedly violated consumer protection laws by placing borrowers with subprime credit into auto …
Read More »Relief fund offers aid for F&I managers impacted by COVID-19
Finance-and-insurance professionals facing hardship during COVID-19 closures may be eligible for relief through a fundraising initiative heralded by 20 of the nation’s top F&I product companies. Founded by National Auto Care CEO Tony Wanderon and NAE/NWAN CEO Kelly Price, the F&I Providers Relief Fund for F&I Managers has raised $ …
Read More »Final 991-Gen Porsche 911 Going to Auction for Coronavirus Relief
The final 991-generation Porsche 911 is of the Speedster variety and has a base price of $ 275,750. The car is the last of 233,540 units produced for the seventh generation of the 911 and is painted in GT Silver Metallic; it also has the Heritage Design package. It’s up …
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 »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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