Yes, that seems to be right, but mainly if you bought a new car.Some people are now able to put off their car payments for several months just by calling their finance company.
Does anyone know how this works? Does the interest still catch up to you?
Let me know if anyone has done this.
I think that in times likes this all fincance companies are reasonable and understand that there might be a delay in payments.Yeah, be very careful with this... they can still slap you with hefty payments and interest...
That seems like the senisble thing to do for a finance company. This way they might avoid a lot of contracts that are terminated and ofcourse a loss for everyone.Well, in the end they gave me a 2 month extension without having to pay anything in the meantime. The payment amount will stay the same after the 60 days. They said that basically, the missed payments will just be added on to the other side of the loan. No real disadvantages from what I can tell.
Adding payments to the end of a contract is a good solutions. It helps people out now and if they have te pay a bit longer at the end is not really a big deal.Glad it turned out for the best. Hope everyone got their stimulus money at least. But yeah if you can push the bills back, why not go for it I guess.