How do I find out the grace period on my car loan in NJ?

I recently moved states and refinanced my vehicle. However, I lost my job due to COVID-19 and I'm behind on the payments. The grace period was 10 days in Delaware. What is it in New Jersey?

“You’ll have to read the contract. Grace periods aren’t determined by the state government; they’re chosen by the lender.
Typically, you’ll have between five and 15 days for a grace period without a penalty, and up to 60 days before they decide to repo your car.
For the sake of your relationship with your lender, you should call and let them know you might be late on your payments until you find a new job. They will appreciate the call and likely be willing to work with you if you’ve been laid off because of COVID-19.”
Eric Schad
Answered on May 05, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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