Can I defer my car loan payment?
My work hours have been cut back, so money's tight these days. Am I permitted to skip a car loan payment, if necessary?
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Answered on Apr 07, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
“Most lenders will let you defer or skip a car payment if you run into financial hardship. Each lender is different, though, and the process of deferring a payment can differ as well. Some lenders make the process as simple as clicking a button on their website, while others require a written request.
If you’re having trouble repaying your auto loan, your best option is to contact your lender and see how they are willing to work with you. “
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