Nissan and Toyota announce payment assistance to those affected by gov. shutdown

Nissan and Toyota have both announced separately that they’ll be providing some relief to those affected by the recent federal government shutdown.

In official press releases, both automakers are allowing for payment assistance in the way of payment deferments. The deferments can go as far as 90 days without penalties of fees.

“The government shutdown has placed an unanticipated financial strain on many individuals and families,” said Al Smith, Toyota Financial Service’s vice president. “Toyota Financial Services and Lexus Financial Services remain committed to making the lives of our customers easier, so we are pleased to be able to provide some flexibility to our customers affected by this situation.”

“NMAC is sympathetic to any of our customers who find themselves in difficult financial circumstances-many times outside of their control-and we want to provide assistance to help them through those times of uncertainty,” said Mark Kaczynski, president of Nissan Motor Acceptance Corp.

For full details, check out their press releases after the jump.

Nissan Offers Payment Extensions to Customers in Need

NASHVILLE, Tenn. – Nissan’s financial services division, Nissan Motor Acceptance Corp. (NMAC), continues to be a leader in providing payment assistance to existing and new Nissan customers in times of need by offering a standard extension of payments up to 90 days*. This policy may become helpful to the hundreds of thousands of federal employees who are indefinitely furloughed during the government shutdown.

“NMAC is sympathetic to any of our customers who find themselves in difficult financial circumstances-many times outside of their control-and we want to provide assistance to help them through those times of uncertainty,” said Mark Kaczynski, president, NMAC. “Our customers’ needs are the No. 1 priority at Nissan, which is why we have this program available on an ongoing basis.”

NMAC’s payment extension plan allows qualifying lease and retail customers to delay payment up to three months without extension fees, where allowed by law and subject to certain conditions, to provide extra assistance to those in need.

# # #

Toyota Financial Services Offers Payment Relief to Customers Affected by Federal Government Shutdown

TORRANCE, Calif., October 14, 2013 – Toyota Financial Services (TFS) announced it is offering payment relief options to its customers affected by the federal government shutdown. This broad outreach includes any Toyota Financial Services (TFS) or Lexus Financial Services (LFS) customer financially burdened by the government shutdown, including furloughed workers, businesses and employees of businesses directly affected by the shutdown, government contractors, and suppliers. TFS or LFS customers in good standing with their accounts may be eligible to defer up to three months of payments.

“The government shutdown has placed an unanticipated financial strain on many individuals and families,” said Al Smith, Toyota Financial Services Group Vice President of Service Operations. “Toyota Financial Services and Lexus Financial Services remain committed to making the lives of our customers easier, so we are pleased to be able to provide some flexibility to our customers affected by this situation.”

Customers who have been affected by the shutdown and would like to discuss their account options are encouraged to contact TFS or LFS:

Toyota Financial Services customers may call (800) 874-8822 or contact TFS via email using the Mail Center function after logging into ToyotaFinancial.com.

Lexus Financial Services customers may call (800) 874-7050 or contact LFS via email using the Mail Center function after logging into LexusFinancial.com.

Chris Chin

Editor-In-Chief of egmCarTech Freelance Automotive Journalist / Editor / Photographer

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