Ford Motor Credit Co. on Monday said it will allow customers impacted by the coronavirus crisis to delay payments on new-vehicle purchases or leases.
The lender also is offering customers who buy a new vehicle the option to delay their first payment for 90 days. Ford Credit will begin running ads today for the program, using the slogans “Built for Right Now” and “Built to Lend a Hand.”
Ford has set up a special hotline for customers to discuss options: 1-800-723-4016. It’s also encouraging customers to access their accounts online or through the FordPass app.
“Ford is committed to lending a hand to the people who rely on us,” Mark LaNeve, Ford’s vice president of U.S. marketing, sales and service, said in a statement. “The peace of mind of our Ford and Lincoln customers is our top priority as we work through the developments of this outbreak.”
In addition to the payment relief for customers, Ford said Monday that the Ford Fund, its philanthropic arm, will donate more than $500,000…