Not working makes it awfully hard to make car payments.
Have you recently bought or leased a new Ford Explorer, Lincoln Aviator, or any other Ford Motor Company vehicle? Are you also affected by the coronavirus, such as being out of work due to company closures? Then Ford wants to help you ease the pressure on making your car payments.
Like Hyundai and Genesis' new program, Ford has just announced its own financial assistance program to customers during the COVID-19 outbreak. Ford Credit wants customers to know there are newly available options to help ease their car payments.
The automaker is now encouraging owners in the US impacted by coronavirus to contact its financial division to discuss a potential delay of payments and other forms of relief. Those who are only now buying new Ford vehicles also have a new option to delay their first payment for 90 days. These offers are available for those who purchased or leased new vehicles.
"Ford is committed to lending a hand to the people who rely on us," said Mark LaNeve, vice president, US marketing, sales, and service. "The peace of mind of our Ford and Lincoln customers is our top priority as we work through the developments of this outbreak."
This isn't the first time Ford has come to customers' assistance in times of great need. Just last year, Ford provided similar payment relief to Americans suffering from the after-effects of the wildfires and hurricanes that struck. But again, it's up to owners to reach out to Ford Credit in order to find a financial solution; Ford won't call you.
"We want to make sure that anyone who needs assistance knows it's available," said Marion Harris, chief executive officer of Ford Motor Credit Company.
In addition, Ford's philanthropic arm is donating more than $500,000 to nonprofit groups in southeast Michigan delivering food to senior citizens and to thousands of school children who don't have access right now to school meals.