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Help! My car finance is ending during the Coronavirus lockdown.

Car finance ending during covid-19 lockdown

We know that a lot of our customers buy their cars on personal contract purchase or lease agreements. These agreements have an end date, where you either need to hand your car back or you will need to pay a balloon payment to keep the vehicle. 

This is a fantastic way to make car payments more affordable, but what should you do if your agreement is ending during the Coronavirus lockdown and while the dealership is closed?

This still may be possible if you are able to make the final payment online. 

The best course of action will be to contact your finance provider to discuss the options. You should have their details in your initial agreement paperwork. 

If you would like help with this process, please feel free to email us on info@cmcmail.co.uk.

This may be a little more tricky if the dealership is still closed. 

The best thing to do would be to contact your finance provider and ask to extend your agreement by a couple of months until the COVID-19 restrictions are lifted. 

This will give you some time once we re-open to choose your new car without having to rush the process. 

If you'd like to be put on our appointment waiting list ready, please email marketing@cmcmail.co.uk and we will be in touch when we have a confirmed opening date to book you in. Just let us know your car make & model, registration and best contact number. 

This may still be possible during lockdown. 

If you are condsidering this option, please get in touch with us on info@cmcmail.co.uk so we can help you arrange this. Just let us know your car make & model, registration and best contact number. 

If you're worried about making your monthly payments after the Coronavirus lockdown is lifted, please get in touch with us on marketing@cmcmail.co.uk.

We will put you on our waiting list for a finance review as soon as we open again. Just let us know your car make & model, registration and best contact number. 

06 May 2020

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