CarEdge Insights
What's happening across the globe right now is unprecedented. Coronavirus and COVID-19 are drastically changing the way human beings live their lives. Yet, having said that, car manufacturers are still determined to sell cars. Whether you're in the market for a new car or not, there are officially "Coronavirus car deals" for the taking.
As we continue to negotiate car deals for our customers, we are coming across more and more special offers from manufacturers. For example, Hyundai has recently brought a slew of special Coronavirus & COVID-19 specific offers to the table.
If you had been thinking about getting a new vehicle, but hadn't made your final decision yet, now may be as good a time as ever to make your purchase. Manufacturers have put into place very aggressive offers to try and sell cars during the Coronavirus pandemic, and we thought we could compile all of those offers in once place for you.
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We've compiled the incentives and offers currently available as a result of Coronavirus from each car manufacturer. This page will be updated frequently to reflect the most up to date information. Note that each section of this page has a link back to the relevant source. Please refer to the source for more information about a particular offer.
Without further ado, here are the current Coronavirus car deals out there for the taking.
Brand |
Model |
Incentive |
Eligibility |
Good Thru |
Source |
|---|---|---|---|---|---|
| Acura | ILX, MDX, RDX, RLX, and TLX models | No payments for 90 days if you finance the purchase of a new car through Acura Financial Services. | Anyone | 04/30/20 | https://www.acura.com/covid-19 |
| Acura | Anything but the NSX | $750 toward Cap Cost Reduction or Down Payment Assistance on any 2020 or newer Acura vehicle when financed or leased through Acura Financial Services | Law enforcement, firefighters, EMT/EMS, 911 dispatcher, healthcare professional (All Medical Doctors, Nurses, Physician Assistants, Medical Technicians, and Nurse’s Aides) | April 1, 2020 through July 6, 2020 | https://www.acura.com/covid-19/modals/first-responders |
| BMW | All models | No payments for 90 days if you finance the purchase of a new or used car through BMW Financial Services. | Not available to customers in PA or ME | June 30, 2020 | https://www.bmwusa.com/90-day-finance-offer.html?event=sav&modal=important-information |
| FCA | All models | No payments for 90 days if you finance the purchase of a new car through Chrysler Capital | Anyone | 04/30/20 | https://media.fcanorthamerica.com/newsrelease.do?id=21673&mid=23 |
| FCA | All models | 0% APR for 84 Months | Anyone | 04/30/20 | https://media.fcanorthamerica.com/newsrelease.do?id=21673&mid=23 |
| Ford | Anything but 2020 Super Duty trucks | Six months of payment relief for eligible new-car customers who finance their purchases through Ford Credit | Anyone | https://corporate.ford.com/articles/products/ford-offers-assistance-customers-communities-during-covid-19.html | |
| General Motors | Most models | 0% APR for 84 Months | Anyone | 4/30/20 | |
| General Motors | Most models | 120 days of payment deferment | Anyone | 4/30/20 | https://www.gmfirstresponderdiscount.com/offers/ |
| Genesis | 2019 G70 | 0% APR for 84 Months | Anyone | 4/30/2020 | https://www.genesis.com/us/en/promotions.html |
| Honda | All models | $750 toward Cap Cost Reduction or Down Payment Assistance on any 2020 or newer Honda vehicle when financed or leased through Honda Financial Services | Law enforcement, firefighters, EMT/EMS, 911 dispatcher, healthcare professional (All Medical Doctors, Nurses, Physician Assistants, Medical Technicians, and Nurse’s Aides) | 7/6/20 | https://automobiles.honda.com/tools/current-offers?zipcode=20817&offer=090111c081dbec21-CV1F1LEW |
| Honda | All models | Deferred first payment for 90 days | Anyone | 6/1/20 | |
| Hyundai | All models | 4 months deferred payments if you finance through Hyundai Motor Finance | Anyone | 5/4/20 | https://www.hyundaiusa.com/us/en/special-programs/hyundai-assurance |
| Hyundai | Tucson and Elantra | 0% APR for 84 Months | Anyone | ||
| Hyundai | All models | Up to six months of payments for Hyundai owners who purchased or leased a Hyundai vehicle between March 14 and April 30, 2020 if they lose their job due to COVID-19 this year | https://www.hyundaiusa.com/us/en/special-programs/hyundai-assurance | ||
| Hyundai | All models | $500 bonus towards purchase or lease | Law enforcement, firefighters, EMT/EMS, 911 dispatcher, healthcare professional (All Medical Doctors, Nurses, Physician Assistants, Medical Technicians, and Nurse’s Aides) | 1/4/21 | https://www.hyundaiusa.com/us/en/special-programs/first-responders |
| Jaguar & Land Rover | All models | 0% financing for 72 Months | Anyone | https://media.jaguarlandrover.com/en-us/news/2020/04/jaguar-land-rover-announces-steps-support-customers-response-covid-19 | |
| Jaguar & Land Rover | All models | 90-day first payment deferral financed through Jaguar Financial Group or Land Rover Financial Group | Anyone | https://media.jaguarlandrover.com/en-us/news/2020/04/jaguar-land-rover-announces-steps-support-customers-response-covid-19 | |
| Kia | All models | 120-day payment deferral on 0% APR Kia Motors Finance (KMF) contracts for up to 75 months | https://www.kiamedia.com/us/en/media/pressreleases/16025/kia-us-operations-respond-to-coronavirus-covid-19-pandemic | ||
| Lexus | All models | 90-day payment deferral on the purchase of a new Lexus financed through Lexus Financial Services (45 days in PA). | Anyone | May 4, 2020 | https://www.lexusfinancial.com/us/en/covid-19.html |
| Lincoln | All models (not leases) | 0% APR financing and the ability to defer their first payment up to 120 days when purchasing a new Lincoln. | Anyone | 4/30/20 | https://www.lincoln.com/here-for-you/ |
| Mazda | All models | 0.9% APR for 60 months | Anyone | https://www.mazdausa.com/covid-19-news | |
| Mazda | All models | 90-day payment deferral | Anyone | https://www.mazdausa.com/covid-19-news | |
| Mazda | All models | Increased loyalty for current Mazda owners from $750 to $1,500 | Current Mazda owners | https://www.mazdausa.com/covid-19-news | |
| Mercedes-Benz | Most models | 0% APR for 36 months on most models | Anyone | April 30, 2020 | https://www.mbusa.com/en/home |
| Mercedes-Benz | All models | 90-day first payment deferral | Anyone | April 30, 2020 | https://www.mbusa.com/en/home |
| Mini | All models | No payments for 90 days if you finance the purchase of a new or used car through Mini Financial Services. | |||
| Nissan | All models | No payments for 90 days if you finance the purchase of a new or used car through NMAC. | https://www.nissanusa.com/coronavirus.html | ||
| Porsche | N/A | ||||
| Subaru | Most models | No payments for 90 days if you finance the purchase of a new or used car through Subaru Financial Services. | https://www.subaru.com/covid-19 | ||
| Toyota | All models | 90-day payment deferral on the purchase of a new and certified used Toyota financed through Toyota Financial Services (45 days in PA). | May 4, 2020 | https://www.toyota.com/toyota-covid-19-response/ | |
| Volkswagen | All models | 180 day payment deferral on the purchase of a new Volkswagen financed through VCI. | April 30, 2020 | https://media.vw.com/releases/1280 | |
| Volkswagen | Most models | 0% financing for 72 Months | April 30, 2020 | https://media.vw.com/releases/1280 | |
| Volvo | N/A |
If you are aware of other special Coronavirus car deals and offers, please let us know. We will update this page accordingly. Also, if you found this post valuable, you might also enjoy this blog post on how car dealerships make money.
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