Acura Car Payment Relief in Memphis, TN


Acura Car Payment Relief

Lenders and Auto Loan Relief Programs

As COVID-19 continues to spread across the country and beyond, lockdowns, layoffs, and other factors are creating a severe financial burden for some Acura drivers. Whether you are already struggling with finances because of the COVID-19 pandemic or you are looking ahead at options that could be available to you as needed, you may find some relief through Acura’s deferment option.

What are Acura Financial Services and Lenders Doing to Help?

If you are struggling to make your Acura auto loan payment, contact your lender’s customer service phone number to request direct assistance. Acura is offering a 60-day deferment on auto loan payments. It also will waive late payments for customers who have been directly affected by the COVID-19 pandemic.

End of Lease Options

If you are struggling to make your Acura auto loan payment, contact your lender’s customer service phone number to request direct assistance. Acura is offering a 60-day deferment on auto loan payments. It also will waive late payments for customers who have been directly affected by the COVID-19 pandemic.

Loan Deferment FAQs

How Does a Loan Deferment Work?

A car loan deferment does not cancel or erase payments. Instead, it enables you to skip payments now and to pay them at the end of the loan term through a term extension. For example, if you receive a 2-month deferment from your auto lender and you have a 60-month loan, you will not make payments for the next two months. Your loan term will be pushed back by two months so that you will make those two skipped payments at the end of the loan term. While the payments are not due during the deferment period, interest will continue to accrue.

Will a Loan Deferment Damage My Credit?

When a deferment is established with approval from your lender, it will not damage your credit rating. However, if you skip payments without an approved deferment, late payments may be reported to the credit bureaus.

How Do I Request a Loan Deferment from Acura Financial Services?

If you need to request a deferment on your Acura auto loan, contact the lender by phone as soon as possible. The customer service representative will answer your questions and facilitate the process. If you have any additional questions, please be sure to contact our local Acura dealership today!