INFINITI Car Payment Relief in Troy, MI
Lenders and Auto Loan Relief Programs
The financial burden of medical expenses, layoffs, and other situations caused by the COVID-19 pandemic are increasingly severe. Some INFINITI drivers are unsure how they will make ends meet, given their current circumstances. If you are in this situation, you may qualify for auto loan relief through Nissan Motor Acceptance Corporation or its subsidiary, INFINITI Financial Services.
You may qualify for special payment arrangements. The specific requirements for loan relief and the available options vary. The lender will need to review your circumstances individually before deciding which loan relief options you qualify for.
End of Lease Options
Leasing an INFINITI car or SUV offers significant benefits in a typical situation, but the pandemic may have changed your lease plans. If your INFINITI lease’s term expiration date is approaching, you can surrender the vehicle at your local dealership without hassle. Call your dealership now to initiate the process. If you are not ready to surrender your vehicle or to purchase it, you may qualify for a lease extension. This could be a month-by-month extension or a short-term extension.
Loan Deferment FAQs
What is an INFINITI Loan Deferment?
One of the loan relief options that may be available to you is a deferment. A deferment enables you to skip payments for a defined period without penalty. You will make up these payments at the end of your loan with a term extension. Your account will accrue interest until the entire balance has been repaid, so there will be a modest cost associated with a loan deferment.
Will an INFINITI Loan Deferment Damage My Credit Rating?
A loan deferment for your INFINITI will not negatively impact your credit score as long as you set up the deferment before missing a payment and as long as you start making payments again once the deferment period is over. If you miss payments before or after the deferment period that your lender has agreed to, your credit rating may be dinged.
How Do I Request an INFINITI Loan Deferment?
You will need to contact your INFINITI loan lender directly to determine if you qualify for loan relief and what the relief terms are. The most convenient way to do so is by calling the lender’s customer service number.