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Can I defer my car loan payment?
My work hours have been cut back, so money's tight these days. Am I permitted to skip a car loan payment, if necessary?
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.
“
View full answer
- Gregory R.
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