Having Trouble Making Your Car Payment? Ford Is Offering Deferred Payments Amid Coronavirus Outbreak

Ford (F) is offering deferred payments to consumers that are looking to buy a car during the coronavirus outbreak. Through Ford Credit, vehicle buyers will be able to defer their first payment for 90 days.

Beyond the delayed payment option, Ford is also encouraging those customers affected by the coronavirus to contact Ford Credit to discuss their options if they are having difficulty making payments for their purchased or leased vehicles.

Ford said customers may be able to change their payment due date or delay a payment as the automaker looks to help customers through the COVID-19 outbreak.

“We want to make sure that anyone who needs assistance knows it’s available,” Marion Harris, chief executive officer at Ford Motor Credit Company, said in a statement.

Ford and Lincoln vehicle owners can access their Account Manager profiles online at accountmanager.ford.com or through the FordPass app at http://www.fordcreditsupport.com, or they can call the Ford hotline at 1-800-723-4016 to discuss their payment options.

“Ford is committed to lending a hand to the people who rely on us,” Mark LaNeve, vice president, U.S. marketing, sales and service at Ford, said in a statement. “The peace of mind of our Ford and Lincoln customers is our top priority as we work through the developments of this outbreak.”

Shares of Ford stock were down 5.0898% as of 10:34 a.m. EDT on Tuesday.