How To Save On A New Car During The Coronavirus

Now it probably doesn’t seem like the best time to buy a new car, but you might be able to find a fantastic deal. The Coronavirus (COVID-19) has halted car sales for many automakers, forcing them to provide excellent financing options. Take a look at where you can save today. 

The Best Corona Virus Car Deals 

Honda Deals 

If you’re currently leasing or own a Honda, you can defer payments, get an extension, or have your late fees waived. Go to their Financial Services website for help. 

Also, you may currently qualify to defer payments on a new car for up to 90 days if you finance your vehicle through the Honda Financial Services. 

2020 Honda CR-V Hybrid
2020 Honda CR-V Hybrid | Honda

Plus, you can earn $1,000 in loyalty cash to buy or lease a new Honda, which would help with your down payment. 

Best of all, if you get a 2019 used Honda Accord, Civic, or CR-V model by June 1st, you can access low APR financing. You can’t go wrong with any of these reliable models. 

Ford Deals 

If you own a 2019 or 2020 Ford through the Ford lending arm, you can defer payments for up to 90 days. 

Plus, through their ‘Built To Lend A hand’ program, they will make the next three payments for you. This potentially provides up to six months without a truck payment. 

New Ford buyers need to buy their vehicles by April 30th to access these deals. Your new car, truck, or SUV can be purchased online and delivered to your home after being thoroughly disinfected. 

Current owners and leasers can also apply for payment deferrals and flexible payment options on a case by case basis through Ford Credit. 

General Motors (GMC, Chevy, Buick Cadillac) Deals 

General Motors (GM) is offering up yo 84 months of interest-free financing for some models, helping you save in the long run. 

Also, as a new car buyer, you may be eligible to defer payments for up to 120 days. These deals can be found on the Chevy Equinox, Silverado, Buick Encore, GMC Sierra, and more. 

To help people out, GM also released three gigs of free internet data to help owners work from the road or their cars. 

Hyundai And Genesis Deals 

Hyundai and Genesis announced that owners who have lost their jobs due to the Corona Virus could access up to six months of payment assistance. 

New buyers can also gain access to payment deferrals for up to 120 days if they buy a new car by April 30th. 

New car incentives also include 0% financing for up to 84 months. Select models for this deal include the 2019 Genisis G70, Hyundai Kona, Santa Fe, Accent, and more. 

Hyundai also extended its complimentary Blue Link Connected Care service by three months to provide owners with roadside assistance, automatic collision alerts, and more. 

It seems like most deals have until April 30th for you to make a decision or not. However, Corona Virus may cause more incentives down the line. While we can’t determine if better deals or coming or not, there are currently some great incentives to take advantage of.