Buying A Car During The Pandemic Will Get You These Great Deals

feedback@motor1.com (Jacob Oliva)
·7 min read
Salesperson handing over keys in dealership showroom
Salesperson handing over keys in dealership showroom

Also, TrueCar can check which dealerships in your area offer the "Buy from Home" service.

In line with the current coronavirus situation, car dealers are now finding ways to reach out to their customers who are probably stuck in their houses and practicing social distancing. Worse, there are those who are in need of a car right now but having difficulties because of the lockdown in place in some places.

Several deals are being employed by car brands right now, including 90-day deferral of payments, among others. Some of the best deals we've seen are GM brand's zero percent retail financing of up to 84 months with a 120-day payment deferral. Genesis and Hyundai, on the other hand, add a job loss assurance program that offers payment of up to six months for those who lose their jobs to COVID-19, courtesy of the company themselves.

The Battle Against Coronavirus:

Even better, you can do the car shopping at home, courtesy of TrueCar's "Buy from Home" feature. As the name suggests, the feature offers remote paperwork processing, home vehicle delivery, and verified vehicle sanitization. TrueCar's service is also available through Motor1.com's Car Buying Service.

Note: The incentives and offers listed here are based on the information provided to TrueCar as of March 26, 2020. These are subject to change without prior notice, so we encourage you to connect with your dealers to verify.

Here's a list of car brands that participate:

Alfa Romeo

2020 Alfa Romeo Giulia and Stelvio
2020 Alfa Romeo Giulia and Stelvio

Offer: 0% financing for 84 months and deferred payments for 90 days on select FCA 2019/2020 models
Eligible Vehicles: 2020/2019 Giulia and Stelvio

BMW

2019 BMW 3-Series
2019 BMW 3-Series

Offer: 90-day deferral of the first payment when financing through BMW Financial Services on new vehicle retail contracts up to 72-month term and used vehicle retail contracts up to 60-month term, valid through 6/30/2020 (offer not available to customers in Maine or Pennsylvania)
Eligible Vehicles: Contact dealer for more information
Customer Eligibility: Requires Elite or Super Elite Credit Tier status

Buick

2019 Buick Envision 2.0T: Review
2019 Buick Envision 2.0T: Review

Offer: 0.0% special retail financing for up to 84 months with a 120-day payment deferral
Eligible Vehicles: All 2019 models and the 2020 Encore and Envision

Cadillac

2020 Cadillac XT6 First Drive
2020 Cadillac XT6 First Drive

Offer: 120-day payment deferral on vehicles financed through GM Financial
Eligible Vehicles: Contact dealer for more information

Chevrolet

2019 Chevrolet Silverado: First Drive
2019 Chevrolet Silverado: First Drive

Offer: 0.0% special retail financing for up 84 months with a 120-day payment deferral
Eligible Vehicles: All 2019 models and 2020 Equinox, Silverado 1500, and Trax
Additional Considerations: Vehicle delivery now available when purchased online from a local participating dealer

Chrysler

2019 Chrysler Pacifica Hybrid Review
2019 Chrysler Pacifica Hybrid Review

Offer: 0% financing for 84 months and deferred payments for 90 days on select FCA 2019/2020 models
Eligible Vehicles: 2020/2019 300 and 2020 Pacifica, excluding Hybrid

Dodge

2019 Dodge Challenger R/T Scat Pack 1320
2019 Dodge Challenger R/T Scat Pack 1320

Offer: 0% financing for 84 months and deferred payments for 90 days on select FCA 2019/2020 models
Eligible Vehicles: All Dodge vehicles, excluding 2019 and 2020 Challenger SRT Hellcat and SRT Redeye, 2019 and 2020 Charger SRT Hellcat, and 2020 Durango SRT

Fiat

2020 Fiat 500e EV
2020 Fiat 500e EV

Offer: 0% financing for 84 months and deferred payments for 90 days on select FCA 2019/2020 models
Eligible Vehicles: 2019 500e

Ford

2019 Ford F-150 Raptor: Review
2019 Ford F-150 Raptor: Review

Offer: Ford Credit is encouraging current US customers impacted by COVID-19 to contact the company to discuss the potential delay of payments to provide relief. For customers purchasing a new vehicle, Ford Credit is offering the option to delay their first payment for 120 days. Financing at 0% is available for 84 months on a new vehicle through Ford Motor Credit
Eligible Vehicles: Contact dealership for more information
Additional Considerations: Ford has set up a special hotline for customers to discuss options: 1-800-723-4016

Genesis

2019 Genesis G70 3.3T: Review 1080
2019 Genesis G70 3.3T: Review 1080

Offer: Up to 90 days deferred payment for qualified customers, effective March 14–April 30, 2020
Eligible Vehicles: MY19 G70 only
Additional Considerations: The Genesis Cares Job Loss Protection Program offers six months that Genesis will make your payment for anyone who purchases a new Genesis vehicle between today and April 30, 2020. Financing or leasing through Genesis Finance and impacted by an “involuntary job loss” due to COVID-19 any time this year are requirements.

GMC

2020 GMC Acadia AT4
2020 GMC Acadia AT4

Offer: 0.0% special retail financing for up to 84 months with 120-day payment deferral
Eligible Vehicles: All 2019 models and the 2020 Acadia, Sierra 1500 and Terrain

Hyundai

2019 Hyundai Elantra Sport: Review
2019 Hyundai Elantra Sport: Review

Offer: Assurance Job Loss Protection Program and Hyundai Motor Finance

  • 90-day payment deferral on new purchases financed through Hyundai Motor Finance through April 30

  • Up to 90 days deferred payment option for qualified customers through April 30, 2020, when financed through Hyundai Motor Finance (HMF). Contract and documentation package must be received and funded by May 14, 2020

Eligible Vehicles and Terms:

  • Up to 72-month term: MY19 Elantra, MY20 Elantra, MY19 Tucson

  • Up to 60-month term: MY19 Elantra GT, Sonata, Sonata HEV, Sonata PHEV, MY20 Elantra GT, Kona, Tucson, Santa Fe

  • Up to 48-month term: MY20 Accent

  • Up to 36-month term: MY20 Venue

Additional Considerations: Hyundai Assurance Job Loss Protection Program offers up to six months that Hyundai will make your payments for new owners who lose their jobs due to COVID-19 and have purchased or leased their vehicle between March 14 and April 30, 2020 through Hyundai Motor Finance

Infiniti

2018 Infiniti Q60
2018 Infiniti Q60

Offer: 90-day delayed payment option for qualified customers who purchase any new Infiniti financed with Special APR or Retailer Choice APR, now through June 30, 2020
Eligible Vehicles: Any new Infiniti

Jeep

2019 Jeep Renegade Limited: Review
2019 Jeep Renegade Limited: Review

Offer: 0% financing for 84 months and deferred payments for 90 days on select FCA 2019/2020 models
Eligible Vehicles: 2020 Cherokee, 2020 Compass, 2020 Grand Cherokee and 2019/2020 Renegade

Kia

2018 Kia Stinger GT: First Drive
2018 Kia Stinger GT: First Drive

Offer: Up to 120 days deferred payment option for qualified customers, effective March 18– 31, 2020
Eligible Vehicles/Terms:

  • Up to 60-month term: MY20 Forte, Soul, MY19 Niro PHEV

  • Up to 66-month term: MY20 Optima (incl. Hybrid, PHEV), Sorento, Sportage, Sedona, Stinger, MY19 Niro (excl. PHEV), Niro EV

  • Up to 72-month term: MY19 Stinger, Cadenza, and K900

Lexus

RX lede
RX lede

Offer: 90-Day Deferred Retail Payment Customer Support program for the purchase of a Lexus Certified vehicle and 90-day Deferred Retail Payment Customer Support program for the purchase of a new Lexus vehicle. This program is effective March 18–May 4, 2020

March 2020 Lease Loyalty Incentive Program offers a Lexus Lease Loyalty Incentive of $1,000 on any new MY 2020 model to any current owner or lessee of any Lexus model to lease a new eligible Lexus model, pending eligibility. It is effective March 18–31, 2020

Lincoln

2020 Lincoln Navigator
2020 Lincoln Navigator

Offer: 120-day deferred payment APR Financing, effective March 18, 2020
Eligible Vehicles:

  • 2020 models: MKZ Hybrid Reserve, MKZ Reserve, Continental, Continental Black Label, Navigator, Navigator Black Label, Nautilus, Nautilus Black Label, Aviator Black Label Gas, Aviator Gas, Corsair

  • 2019 models: Continental, Continental Black Label, MKZ Hybrid Reserve, MKZ Hybrid Standard, MKZ Reserve, MKZ Standard, Navigator, MKC, MKC Black Label, Nautilus, Nautilus Black Label, Navigator Black Label

Mercedes-Benz

Mercedes-AMG A 45 4MATIC+ (2019)
Mercedes-AMG A 45 4MATIC+ (2019)

Offer: 90-day deferred first payment program when financing a new vehicle up to 63-month term (including 90-day deferral period) through Mercedes-Benz Financial Services. Valid 3/20/20 through 3/31/2020, offer not available in Pennsylvania
Vehicle Eligibility: All new vehicles, excluding ex-Courtesy Vehicles (CVP)
Customer Eligibility: Credit Tiers A1-T2 only

Nissan

2020 Nissan GT-R Nismo: Review
2020 Nissan GT-R Nismo: Review

Offer: Special 90-day delayed payment option to qualified customers purchasing any new Nissan financed with Special APR or Dealer Choice APR, now through June 30
Eligible Vehicles: All models

Ram

2020 Ram 1500 EcoDiesel: First Drive
2020 Ram 1500 EcoDiesel: First Drive

Offer: 90-day deferred payment on Chrysler Capital retail financing contracts
Eligible Vehicles: 2020/2019 Ram Pickup 1500, Ram Pickup 2500 and ProMaster City

Toyota

2020 Toyota Tacoma TRD Pro
2020 Toyota Tacoma TRD Pro

Offer: 90-day deferred first payment on new Toyota vehicles when financed through Southeast Toyota Finance (valid only in Southeast region)
Customer Eligibility: Requires minimum 660 FICO score
Additional Considerations: Toyota/Lexus Financial Services officials state that they are “providing payment relief options to customers who are affected. This includes extensions and lease deferred payments”

Volkswagen

2019 Volkswagen Arteon: U.S. First Drive
2019 Volkswagen Arteon: U.S. First Drive

Offer: 180 days to first payment when financing a new vehicle through Volkswagen Credit (VCI), valid through April 30, 2020
Customer Eligibility: Requires minimum 660 FICO score


Source: TrueCar