Can I defer my car loan payment?

Answered by Car Loans Expert Johnny on April 7, 2021

My work hours have been cut back, so money's tight these days. Am I permitted to skip a car loan payment, if necessary?

expert avatar

Johnny

Car Loans Expert

“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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