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

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matthew1
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matthew1

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

Post by matthew1 » Fri Mar 20, 2020 12:59 pm

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.
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1997 850 T5, MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace [gone]
2004 V70 R [gone]

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93Regina
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Re: Have a car loan? You can probably get 1-6 months deferred payment

Post by 93Regina » Fri Mar 20, 2020 8:52 pm

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....

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93Regina
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Re: Have a car loan? You can probably get 1-6 months deferred payment

Post by 93Regina » Sat Mar 21, 2020 4:00 pm

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

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