The health and safety of our staff, customers, and community is our top priority. Read an important message from Voss Hyundai.
Can you defer a car payment? What is a deferment on a car loan? What are the reasons to defer a car payment? You can typically defer a car payment if you’ve hit a financial rough spot and need a reprieve from your cash flow issues. Lenders, including the ones at Voss Hyundai, want you to pay off your loan on time, but will often give a small bit of leeway to the borrower. Voss Hyundai is going to tell you about what a deferment is on a car loan and some other finance tips.
Let’s answer “what is a deferment on a car loan?” first off. A deferment lets a borrower make payments on their loans in the future. Deferring payment can stave off repossession if you need to skip a payment. Sometimes, you’ll have a deferment policy built right in for Centerville or Miamisburg drivers, but you should always contact your lender and get their approval.
If you’re sure you won’t make the next month’s payment, you need to contact your lender right away. There are many reasons to defer a car payment, but you should be prepared to have an honest conversation about your current financial situation. They’ll need to know the exact details and you should be aware that you’ll usually still have to pay interest when you defer a payment.
When you need a payment deferment on a car loan, you’ll be limited in the number of times you can ask for a deferment. Some lenders will only allow a deferment once, but others will allow two or even more. Whether this is valid every year in Kettering or if it’s valid for the entirety of the loan term is up to your lender.
When you need to finance your car, it’s time to take it to Voss Hyundai. You’ve got great financing options with us and we’ll even value your trade to make it even easier to get into the car that’s right for you. And when you’re on our lot, you can get the lay of the land when you look at our massive selection. Contact us to learn more!
Details are leaking out about the 2023 Hyundai Palisade. We’re especially excited about its interior. Full specs aren’t yet available, but we’ve accumulated some details that we want to share with you below. This remarkable SUV is slated to appear on Centerville streets the summer of 2022. Keep reading about what to expect, from the…
The Hyundai Tucson is one of the most impressive vehicles for sale at our Dayton dealership. This is one of the best-midsized SUVs we have for sale at our Voss Hyundai today. Equipped with the latest performance specs and interior features, you’ll enhance your Kettering drives with the 2022 Tucson. But out of the six…
Your next SUV should offer more ways to take on your day around Centerville and Miamisburg, and that’s just what you can expect from the new 2022 Hyundai Palisade towing capacity. So, how much can the Hyundai Palisade tow? When equipped with the proper Hyundai Palisade tow hitch available for all trim levels, this…