Coronavirus Payment Holidays for drivers (Volkswagen / Hyundai / Mercedes/ Toyota and more) struggling with car finance bills

Expert (Beta)4
Posted 9th Apr 2020
This might come as a relief to the folks who have been impacted by COVID-19 and are struggling to keep up with their car finance bills.

Thousands of motorists who are struggling to keep up with their car finance payments will soon be able to access relief on their bills, the Financial Conduct Authority (FCA) has announced.

Some car manufacturers have already agreed to freeze monthly interest payments for up to two months due to coronavirus, however new guidelines will state exactly what firms must offer to safeguard those at risk of falling into debt.

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Hope it helps someone.



toyota.co.uk/fin…aqs
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