Nissan Offers Payment Extensions in Wake of Federal Shutdown | Edmunds.com
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Nissan Offers Payment Extensions in Wake of Federal Shutdown


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Just the Facts:
  • Nissan and Infiniti owners affected by financial problems, including the government shutdown, are getting a car payment extension of up to 90 days, the automaker said on Thursday.
  • The program is available to customers who have purchased or leased vehicles through Nissan Motor Acceptance Corporation.
  • The new policy comes on the heels of Hyundai Motor America deferring car payments for federal employees.

NASHVILLE, Tennessee — Nissan and Infiniti owners affected by financial problems, including the government shutdown, are getting a car payment extension of up to 90 days, the automaker said on Thursday.

The program is available to customers who have purchased or leased vehicles through Nissan Motor Acceptance Corporation.

The new policy comes on the heels of Hyundai deferring car payments for federal employees.

"Our customers' needs are the No. 1 priority at Nissan, which is why we have this program available on an ongoing basis," said Mark Kaczynski, president of Nissan Motor Acceptance Corporation.

The payment extension plan allows qualifying lease and retail customers to delay payment up to three months without extension fees. Nissan said the plan applies to new purchases only and is not available in Pennsylvania.

Hyundai Motor America this week said it will defer all auto loan and lease payments during the shutdown for current Hyundai owners who are furloughed.

The plan is the latest twist in the Hyundai Assurance program, which gave relief to people who had lost their jobs in the recession.

It is estimated that more than 800,000 workers will not get paid during the shutdown.

Edmunds says: Who will be the next to jump on the payment-deferral bandwagon?

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