Car Payment Relief at Valdosta Nissan

2020 Nissan Red Altima
 

The impacts Covid-19 has had on the Valdosta community have been profound, to say the least. Not only are residents dealing with the physical and mental toll the virus and quarantine takes on their health, but many may also be struggling with financial losses as well. Whether you lost your job due to layoffs, have reduced work responsibilities and pay, or if you’re paying large medical bills, you may be looking for areas in your budget where you can save some money for priority needs. Car payment relief from Valdosta Nissan may be one of those areas, so we’ve written this blog to help you understand what your options are.

Valdosta Nissan Financial Services

Keeping up with your auto loan payments may be difficult or feel impossible if you’re struggling financially. The loss of a Moultrie job or large medical bills can put a significant toll on your finances. If you feel that you will be unable to make your loan or lease payment this month or in the coming months, it’s important that you contact our finance center as soon as possible.

While Valdosta Nissan doesn’t have a predetermined relief program established, our finance team can review your request for a loan or lease relief on a case by case basis. For instance, some customers may qualify for a loan or lease deferment. Gather all of your current financial information and your loan or lease documents and call our finance center to discuss your car payment relief options. 

Loan And Lease Deferment Facts

If a loan deferment is in your future, you may be wondering what a loan or lease deferment is and how it will impact your credit score. Valdosta Nissan has listed all the information Thomasville drivers need to know about the loan or lease deferment process below.

What is a Loan or Lease Deferment?

If your request for a loan or lease deferment is approved by Valdosta Nissan, payments that would have been due during the deferment period may be skipped without penalty. When your deferment period ends, all of the payments you “missed” will then be made up during an extension period after the end of your original loan or lease term. For example: if you deferred your loan from January to the end of March, and your loan or lease term ends in July, you will continue to make payments for three more months after the original July end date.

Will a Deferment Affect My Credit Score?

If you are approved for a loan or lease deferment, you are agreeing to move back the payment dates for a specified period of time. Since Valdosta Nissan has agreed to the arrangement, the deferment will not have a negative impact on your credit score. Additionally, the deferment will not be reported as negative credit to the three credit bureaus. Any missed or late payments that are not covered under the deferment will be reported as if it were a regular missed payment under your lease or loan. 

How Do I Request a Deferment?

Because Valdosta Nissan has no formal guidelines for deferment or other types of car payment relief, we will need to review requests on a case by case basis. Contact our finance center to discuss your financial situation and to learn about the car payment relief options available to you.

End Of Lease Options

If you currently have a lease through Valdosta Nissan and you’re almost at the end of your term, you may not be able to release your vehicle to the dealership or transfer the lease to a loan due to your personal or financial circumstances. Hahira drivers who are not able or not ready to make end-of-lease arrangements can request an extension or other forms of car payment relief by contacting our finance center.  

Trust The Finance Team at Valdosta Nissan

If you’re struggling financially due to Covid-19, Valdosta Nissan is here to help you however we can with our car payment relief options. Contact us to set up an appointment to talk to one of our finance team members or to discuss your relief options over the phone. We’re also available through phone at 229-242-7325 during normal business hours: 9 a.m. – 7 p.m. 

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229-242-7325

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3715 Inner Perimeter Rd • Valdosta, GA 31602

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Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 8am-5pm

Open Today! Parts: 8am-4pm

Valdosta Nissan 30.883471, -83.269701.