If you’re reading this, you have an email address. And if you have email, you’ve undoubtedly received more messages from every company you have ever purchased an item from about their plans to address COVID-19.
Top automotive manufacturers from around the globe have also announced various offers struggling customers and strategic initiatives give back to the community. We’re going to save you the trouble of digging into each one yourself!
Below is a synopsis of what a few automotive manufacturer responses to the virus have been. Hopefully, the virus is on its way out, but as more information becomes available, we’ll be sure to have future blog posts detailing what you need to know.
Toyota has suspended operations at all automobile factories in North America until at least May 1st. For service, Toyota has been following state guidelines for essential business and have made no announcements as to shutting their service centers down nationwide.
For owners of Toyota products, they have created several specials to help those in need. Some examples are the Payment Relief program, 90-day Payment Deferral, and Lease-End support. This directly helps those who have been let go from their position or furloughed.
For new and Certified Used sales, Toyota is offering a 90-day deferment pricing plan. This plan also includes ToyotaCare, which is the no-cost maintenance plan that lasts for 2 years or 25,000 miles.
They have made a considerable donation to the United Way, a non-profit that provides food, water, and other essential items.
You can read more about Toyota’s official plan here.
Honda has also announced that they will be announcing a deferred payment or payment extension program. For most customers, all you need to do is contact Honda Financial Services to take advantage.
All Honda service stations are still open, but Honda directs its consumer base to check with state and local government’s declarations of essential needs.
While COVID-19 has dominated the news cycles, Honda still has their Honda Dream Garage Spring event, which includes offers for lease, financing, and other special programs. Specifically, to help during COVID-19, Honda is offering a 90-day deferred payment program and $500 new-vehicle credit to first responders and healthcare workers.
Shop Simple is Honda’s online purchasing option that is only available in Portland, OR and Nashville, TN. It currently is not available for the rest of the country, but Honda has made a commitment to an expanded roll-out as soon as possible.
And finally, Honda is also contributing $1 million to food banks and meal programs, donating personal protective equipment and creating protective face shields via 3-D printers.
If you would like to read more about Honda’s Coronavirus efforts, check out this link.
Kia has suspended all service technician training, expanded their vehicle sanitization process, and are extending sanitation requirements to include any vehicle brought in for service.
For financing, Kia offers a 120-day payment deferment on 0% APR contracts with an under-75-month commitment.
Current customers also have the option of deferment as well. Kia owners can request a 30-day payment extension up to three times.
Customers who were under the Kia Promise warranty coverage program were granted an extension that lasts until June 30th, 2020.
For their workers around the country, Kia has delivered 15,000 face shields to their manufacturing plants. They have used their West Point, GA factory to assemble medical grade masks for healthcare workers in the US. Kia’s contributions also included a $1 million donation to several non-profit partners to combat homelessness, children, and families.
Their press release on the manner can be found here with several other helpful links on the page.
For qualified shoppers, Nissan has rolled out their payment plans to combat stagnant wages. They are offering a 3-month deferred payment plan with up to 2 months of payment relief for 11 of their 2020 models.
Current owners can use a similar program for payment extensions for purchases and leases. This program is currently flexible as it is dependent on your current situation.
Nissan is complying with local and state ordinances which includes their operations and corporate teams working remotely since March 16th. This stay-at-home mandate includes a total shutdown of US manufacturing facilities until mid-May.
Just like many of the other brands, Nissan is committed to using their vast manufacturing infrastructure to produce medical protective masks to help those on the front lines.
More information regarding Nissan’s COVID-19 response can be read here.
Acura offers several financial assistance options for those in need. They are offering a 90-day deferment plan on select new vehicles if financed by Acura Financial Services.
First responders and healthcare professionals receive $750 toward Cap Cost Reduction or Down Payment Assistance on any 2020 or newer Acura vehicle.
For customers looking to purchase, $500 bonus cash offers exist toward the lease or purchase of a 2020 Acura. Finally, there are select certified pre-owned specials for the TLX and RDX models, making Acura one of the few OEMs to extend their offers to pre-owned.
Acura is imploring all of their customers to make use of home delivery and pickup options for service.
More information on Acura’s COVID-19 response can be found on this page.
Hyundai is one of the few providers who are pushing an online purchasing tool through their Click To Buy program. This allows customers to run through the entire shopping experience online without the need of entering the store. Dealers must opt into this program.
For current customers, Hyundai is offering payment deferment plans for those who lost their jobs due to COVID-19. Those who need assistance are being directed to use Hyundai Motor Financing instead.
They have also expanded their warranty program. If your current warranty expires between March and June of 2020, it will automatically extend until June 30th, 2020.
Hyundai is one of the few OEMs that have also mentioned what they are doing to help the dealerships themselves. They created assistance programs aimed to keep locally owned stores open without laying off employees. Specialized sanitation equipment is being delivered to stores. Interestingly, Hyundai also has a deferred floorplan interest program to accommodate dealers who finance their inventory with Hyundai Motor Finance.
For Hyundai, the standout example of their commitment to giving back to their community is their $4 million donation to Hope on Wheels. This charity focuses on providing testing coverage for children’s hospitals around the US. To help medical professionals, they have expanded their existing offers for First Responders to include hospital employees and other healthcare workers.
All of this information and more can be found here for Hyundai.
We hope that you have found this summary guide useful! Please continue to stay safe and follow CDC and local recommendations for COVID-19. Don’t forget to check back often for more updates for all things digital and automotive.