COVID-19 Drives Automakers to Offer Low-APR Deals and Deferred Payments

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Throughout the COVID-19 crisis, automakers have announced financial programs intended to assist future customers by offering select new cars with reduced car-loan rates and allowing buyers to defer payments. Below is a list of ongoing offers. (Please note that automakers have lots of other discounts and incentives available—the ones listed below have all been described as driven by the coronavirus.)

BMW

  • Qualified buyers can defer payments to BMW Financial Services on select new or CPO cars for 90 days if they take delivery by June 30, 2020, and they can also get 3 years or 36,000 miles of free scheduled maintenance.

Buick

  • Buick offers healthcare professionals the new GM First Responder Discount on select vehicles from 4/1/20 to 6/30/20.

Cadillac

  • Cadillac offers healthcare professionals the new GM First Responder Discount on select vehicles from 4/1/20 to 6/30/20.

Chevrolet

  • Chevrolet offers healthcare professionals the new GM First Responder Discount on select vehicles from 4/1/20 to 6/30/20.

Chrysler

  • Qualified buyers can defer payments to Chrysler Capital on select vehicles for 90 days and get 0% APR loans for up to 84 months until 6/1/20.

Dodge

  • Qualified buyers can defer payments to Chrysler Capital on select vehicles for 90 days and get 0% APR loans for up to 84 months until 6/1/20.

Fiat

  • Qualified buyers can defer payments to Chrysler Capital on select vehicles for 90 days and get 0% APR loans for up to 84 months until 6/1/20.

GMC

  • GMC offers healthcare professionals the new GM First Responder Discount on select vehicles from 4/1/20 to 6/30/20.

Jaguar

  • Qualified buyers can defer payments to Jaguar Financial Group on select vehicles for 90 days and get a 0% APR for up to 72 months through 6/30/20.
  • Jaguar Financial Group will make first 2 payments up to $750 each for qualified returning lessees who lease a new qualifying Jaguar vehicle through 6/1/20.

Jeep

  • Qualified buyers can defer payments to Chrysler Capital on select vehicles for 90 days and get a 0% APR for up to 84 months until 6/1/20.

Land Rover

  • Qualified buyers can defer payments to Land Rover Financial Group on select vehicles for 90 days and get a 0% APR for up to 72 months through 6/30/20.
  • Land Rover Financial Group will make first 2 payments up to $750 each for qualified returning lessees who lease a new qualifying Land Rover vehicle through 6/1/20.

Ram

  • Qualified buyers can defer payments to Chrysler Capital on select vehicles for 90 days and get 0% APR loans for up to 84 months through 6/1/20.
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