National OEM Incentives to Reignite Your Sales Efforts

March 31, 2020 John Kehm

If you work for a dealership who is permitted to conduct new car sales amid the COVID-19 pandemic, consider yourself lucky. Many OEMs are putting out very competitive incentives to try their hand at boosting automotive sales as the nation battles head to head with the effects of the novel coronavirus.

We have compiled a list of the most current national OEM incentives available for lease and finance customers. Keep in mind that this information is changing quite frequently, and local incentives may differ from what is shown below. While we will do our best to keep the data up to date, we’ve also provided direct links to each automotive brands’ sites below to provide you easy access to evolving information.

COVID-19 Related OEM Incentives

Acura

  • LEASE
    • Loyalty Purchase Assistance Cash: $500 toward the lease of any new Acura
  • FINANCE
    • Loyalty Purchase Assistance Cash: $500 toward the purchase of any new Acura
    • 90 Days to First Payment Program: 90-Day Deferred Payment on new vehicle sales financed by Acura Financial Services for qualified customers

Buick

  • LEASE
    • For current GM lessees: Flexible payment arrangements and payment extensions on case-by-case basis
  • FINANCE
    • Offering 0% APR for 84 months for very well qualified buyers on most 2020 Encore and Envision models; Plus, deferred monthly payments for 120 days on most models

Cadillac

  • LEASE
    • For current GM lessees: Flexible payment arrangements and payment extensions on case-by-case basis
  • FINANCE
    • For current GM owners: Flexible payment arrangements, payment extensions on case-by-case basis
    • For 2020 XT4, XT5 and XT6: 0.9% APR for 72 months; Plus $2,000 purchase allowance; Plus deferred monthly payments for 120 days

Chevrolet

  • LEASE
    • For current GM lessees: Flexible payment arrangements and payment extensions on case-by-case basis
  • FINANCE
    • For current GM owners: Flexible payment arrangements, payment extensions on case-by-case basis
    • For prospective GM brand buyers: Interest-free financing for 84 months with deferred payments for up to 120 days on most 2019 and 2020 Equinox, Silverado 1500 and Trax models

Ford

  • LEASE
    • For current Ford lessees: Flexible payment arrangements, payment extensions on case-by-case basis
  • FINANCE
    • 3 months deferred payments on select 2019/2020/2021 vehicles

Genesis

  • LEASE
    • For current Genesis lessees: Up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, 2020, through Genesis Finance
  • FINANCE
    • 0% APR for 84 months and defer payments for up to 120 days
    • For current Genesis owners: Up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, 2020, through Genesis Finance

GMC

  • LEASE
    • For current GM lessees: Flexible payment arrangements and payment extensions on case-by-case basis
  • FINANCE
    • For current GM owners: Flexible payment arrangements, payment extensions on case-by-case basis
    • For prospective GM brand buyers: 0% APR financing for 84 months on certain models with deferred payments for up to 120 days

Honda

  • LEASE
    • Existing Honda Financial Services customer: Payment extensions and deferrals, as well as late fee waivers are available on a case by case basis
    • Loyalty Purchase Assistance Cash: $1000 toward the purchase or lease of any new Honda
  • FINANCE
    • Existing Honda Financial Services customer: Payment extensions and deferrals, as well as late fee waivers are available on a case by case basis
    • Loyalty Purchase Assistance Cash: $1000 toward the purchase or lease of any new Honda
    • 90-day deferred payment

Hyundai

  • LEASE
    • For current Hyundai lessees: Up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, 2020, through Hyundai Capital
  • FINANCE
    • 0% APR and 4 months of deferred payments through April 30 on select vehicles
    • For current Hyundai owners, up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, 2020, through Hyundai Capital

INFINITI

  • LEASE
    • For current Infiniti owners and lessees: Flexible payment arrangements, payment extensions on a case-by-case basis
    • For prospective Infiniti owners and lessees: Contact your local dealership for special financing options
  • FINANCE
    • For current Infiniti owners and lessees: Flexible payment arrangements, payment extensions on a case-by-case basis
    • For prospective Infiniti owners and lessees: Contact your local dealership for special financing options

Jeep

  • LEASE
    • No announced programs
  • FINANCE
    • No monthly payments for 90 days plus 0% APR for 84 months on select models

Kia

  • LEASE
    • No announced programs
  • FINANCE
    • 120 days until first payment on select 2019 and 2020 models, plus 0% APR for 72 months

Lexus

  • LEASE
    • For existing customers, Lexus Financial Services is providing payment relief options such as payment extensions or lease deferred payments
  • FINANCE
    • For existing customers, Lexus Financial Services is providing payment relief options such as payment extensions or lease deferred payments
    • For prospective customers, Lexus Financial Services is offering a payment deferral for customers who purchase a new or CPO Lexus vehicle

Lincoln

  • LEASE
    • For current Lincoln lessees: Flexible payment arrangements, payment extensions on case-by-case basis
  • FINANCE
    • First payment deferred for up to 120 days

Nissan

  • LEASE
    • Rescheduling of payments on a case-by-case basis for vehicles financed through Nissan Motor Acceptance Corporation
  • FINANCE
    • 90-day deferred payments. Rescheduling of payments on a case-by-case basis for vehicles financed through Nissan Motor Acceptance Corporation

RAM

  • LEASE
    • For current Fiat-Chrysler lessees: Flexible payment arrangements, payment extensions on case-by-case basis
  • FINANCE
    • No monthly payments for 90 days plus 0% APR for 84 months on select vehicles

Subaru

  • LEASE
    • No announced programs
  • FINANCE
    • 0% APR for 63 months on new 2020 Ascent, Forester, Outback, Legacy and Impreza models through April 30, 2020
    • Deferred payment program up to 90 days

Toyota

  • LEASE
    • No announced programs
  • FINANCE
    • 1st payment deferred for up to 90 days

No Announced Programs

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