Toyota, like many other automakers, are working to create a better world, even during the current COVID-19 (Coronavirus) pandemic. The automaker has found several ways to help everyone during this unusual and concerning time. Their response comes in many forms, so they can help keep people safe and able to get into new cars even with current economic uncertainty.
While many Toyota dealerships are closed, the North American Toyota automobile and components plants are closed as well to help prevent the spread of the virus in the workplace and reduce the amount of travelling our workers need to do. That doesn’t mean that vehicle sales have been suspended. In fact, Toyota has thought of ways to make buying a new Toyota easier than ever.
Toyota Payment Deferment Program
At the time of this writing, the Toyota Payment Deferment Program works as follows in North America (except for Pennsylvania due to local laws):
The first month’s payment may be deferred for up to 90 days.
Credit approval required though participating Toyota dealership and Toyota Financial Services
Applies to the financing of new or certified used Toyota vehicles
Program is offered from March 18th, 2020 through May 4th, 2020
Maximum term is 72 months
Dealership prices, terms, and other offers may change the offer
Toyota Owner Payment Relief
Payment deferrals or extensions may be available to customers of Toyota Financial Services that have been affected by the COVID-19 pandemic. Payment relief is determined based on individual situations, and Toyota owners should contact the Support Center to learn more or request payment relief.
Toyota Owner Payment Relief (Continued)
Those who have nearly paid off their Lease may also qualify for special support from Toyota Financial Services to arrange for an easy way to return the vehicle despite dealership closures.
Toyota Service and Maintenance Pandemic Availability
Most dealership service and parts departments remain open during the pandemic as essential services. To make sure your vehicle gets the best service, be sure to call your local dealership and schedule service appointments, as many will no longer accept walk-in services. Check with your local dealership how you can make sure to keep your vehicle in top condition.