Buy a new car from these guys and they'll cover your rent or mortgage.
With the outbreak of COVID-19 prompting numerous statewide stay-at-home orders across the US, the country's economy has taken a beating. Virtually no industry has escaped unscathed, but perhaps the most directly affected are the travel and hospitality industries, and now, many laid off or furloughed professionals from those sectors are looking for a bit of relief.
One D.C.-area Ford dealer - Koons Silver Spring Ford - is answering the call, with an offer to pay up to two months of a customer's rent, lease, or mortgage if they purchase a new vehicle any time this month.
Anyone who buys a new Ford, Lincoln, or Mazda from the dealership during the month of April qualifies, and the offer - good for up to $1,500 per month in mortgage, rent, or lease payments for two months - is in addition to whatever manufacturer rebates and incentives the customer qualifies for, like the $5,000 off Ford is currently offering on many F-150 trims.
Ford is also doing its part to try and ease the financial burden on car shoppers while the economic slowdown wrought by coronavirus continues, including by offering up to six months of payment relief for new car buyers, three deferred payments, and three paid off by Ford itself. So, it's possible that some savvy car shopper out there could get into a brand-new Ford or Lincoln and not have to pay anything - not even their mortgage - for some time.
Ford is also offering zero-percent financing on plenty of vehicles for up to 84 months, and as we reported earlier, that's even been extended to plenty of Roush-tuned Ford Mustang models. Now might be the perfect time to pull the trigger.
Automakers and car dealers alike are feeling the burn from revenue lost as much of the US finds itself in lockdown due to COVID-19. Detroit's Big Three automakers have all temporarily suspended production in North America to protect their respective workforces and prevent the transmission of the virus at their plants, while they've fitted some factories to make ventilators or personal protective equipment to aid with the US's virus response efforts.
Despite the production halts, most carmakers find themselves with excess vehicle inventory on-hand as the virus puts a damper on many Americans' incomes.