Login Register

Have a car loan? You can probably get 1-6 months deferred payment

General discussion about Volvos, Volvo parts, your DIY skills, Volvo ownership, and more. Come on in, introduce yourself and say hi! List Volvo events here. Have a nice Volvo? Show it off here. Do you have a question or comment about how MVS works? Ask here.
Post Reply
User avatar
matthew1
Site Admin
Posts: 14483
Joined: 14 September 2002
Year and Model: 850 T5, 1997
Location: Denver, Colorado, US
Has thanked: 2658 times
Been thanked: 1248 times
Contact:

Have a car loan? You can probably get 1-6 months deferred payment

Post by matthew1 »

From the Denver Automotive Enthusiast FB group:

Ally: 120 days, *instant* online via your account portal! Just log in and click.

Carmax: Zero hold time, empathetic staff. Best overall phone experience. 1-2mos (depending on age of loan)

US Bank: 30min hold time. 2-6mos, has to be reviewed first, decision mailed w/in 5-7 biz days.

Bellco: 1-1.5hr hold time. Have every bit of account/personal info ready for verification. 1-2mos, has to be reviewed first, decision mailed w/in 5-6 biz days.

Wells: 10min hold time. 2 mos., instant. (We are long-time personal/biz bankers though).

Chase: 10min hold time. 2mos, instant.

ENT CU: 5min hold time. 1-2mos, instant.

Citizens: Hold time TBD; 2mos, instant.

GM: **Lease deferment N/A. Hold/defers TBD.

TD Auto: Can’t get through by phone; disconnects due to “high call volume” after initial prompts. Can submit secure message via online account portal. TBD.

Nissan: TBD. Got an email that they’re Intrinsically flexible. Used to subprime/bankruptcies. Willing to listen/work with you. Just call.

Mercedes: 1-3 months.

BBVA: 30min wait, up to 3mos.
Help keep MVS on the web -> click sponsors' links here on MVS when you buy from them.

Also -> Amazon link
. Click that when you go to buy something on Amazon and MVS gets a cut!

1998 V70, no dash lights on

1997 850 T5 [gone] w/ MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace

2004 V70 R [gone]

How to Thank someone for their post

Image

User avatar
93Regina
Posts: 2813
Joined: 18 January 2014
Year and Model: 93:240/940
Location: Sunflower State
Been thanked: 65 times

Post by 93Regina »

Huh...Car loan...most owners of 140s/240s/540s/740s/940s/etc don't have loans...cause them bankers won't loan.

I haven't taken out a motorcycle/vehicle loan since 1979....

User avatar
93Regina
Posts: 2813
Joined: 18 January 2014
Year and Model: 93:240/940
Location: Sunflower State
Been thanked: 65 times

Post by 93Regina »

Here’s exactly what banks are offering to do to help Americans affected by coronavirus
Published Fri, Mar 20

CNBC Make It rounded up a list of what many major banks are offering to do for Americans affected by the current health crisis. If your bank or financial institution is not listed, you should still reach out directly to ask about what assistance it can provide. We will update this list as we receive more information.

https://www.cnbc.com/2020/03/20/what-ba ... virus.html

Post Reply