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Deferred my Car payment today, took about 10 minutes. For those financially destroyed right now.

 
GodFrequency
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User ID: 67193667
United States
04/10/2020 10:05 PM
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Deferred my Car payment today, took about 10 minutes. For those financially destroyed right now.
So was talking to one of the last customers I have left recently because of this lock down bullshit, and he was saying he just deferred his auto payments.

Now if you have two cars one for you, one for your wife.
You just call, tell them u want to defer, it takes about 10 minutes tops to make the call. Shuffles two car from the present onto the end of your auto loan.

Say you have two car payments, times two months.

I mean for me personally I'm not making four car payments over the next 2 months. HUGE!

Only warning is it will tack on some extra interest at the end of the loan with the last payment, but would rather make two car payments stacked basically that last month that be dragged under financially right now.

Just thought I would post for those who are screwed by this.
GodFrequency  (OP)

User ID: 67193667
United States
04/10/2020 10:07 PM
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Re: Deferred my Car payment today, took about 10 minutes. For those financially destroyed right now.
these are existing car loans, not new ones, and had paid on one for over 2 years, and the second for about 4 months.

My friend said credit unions were allowing it too.
GodFrequency  (OP)

User ID: 67193667
United States
04/10/2020 10:10 PM
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Re: Deferred my Car payment today, took about 10 minutes. For those financially destroyed right now.
all your really doing is extending the loan by 2 months and paying a little extra in interest at the end
Anonymous Coward
User ID: 72554636
United States
04/10/2020 10:13 PM
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Re: Deferred my Car payment today, took about 10 minutes. For those financially destroyed right now.
one simply does not have a car payment pay cash or take the bus.
Anonymous Coward (OP)
User ID: 67193667
United States
04/11/2020 12:40 PM
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Re: Deferred my Car payment today, took about 10 minutes. For those financially destroyed right now.
one simply does not have a car payment pay cash or take the bus.
 Quoting: Anonymous Coward 72554636


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