The coronavirus and resulting recession has had us all pinching our pennies when it comes to household budgets. As mechanics in Cincinnati, we’re lucky to have jobs. People still need their cars repaired, after all. And we’ve got an open auto garage and can fix whatever needs fixing.
But plenty of families are feeling the economic pinch. If you own a Jaguar or a Land Rover, we’ve got good news for you: The European car manufacturer just announced a coronavirus relief package for its customers, one that’s sure to help out with the family budget.
“To combat the economic pain the coronavirus pandemic is inflicting, JLR has announced a couple of coronavirus car payment plans and programs to not only help consumers buy or lease a new Jaguar or Land Rover vehicle, but also to provide financial assistance to existing owners who may have been affected by the fallout from COVID-19 and might have trouble meeting their obligations.
“To allow existing customers who leased through Jaguar Land Rover Financial Group (JLRFG) more time and flexibility, the automaker is offering a lease extension for up to six months for those contracts expiring ‘in the near future.’ Customers need not call to request the extension; they will receive a letter or email from the finance company explaining the program and options.
“Also, for returning lessees that qualify and who finance through the automaker’s captive lender, JLR is offering a lease payment waiver. The waiver – the first of its kind for a luxury brand – allows eligible returning lessees to waive two payments of up to $750 each. The waiver covers all 2020 Jaguar models and the 2021 F-Type, as well as the following 2020 Land Rover models: Discovery Sport, Discovery, Range Rover Evoque, and Range Rover Velar.”
Relief for Perspective Jaguar Land Rover Buyers
In addition to helping families with existing payments stay current with their payments, Jaguar Landrover is also offering incentives to help families afford new cars too.
JD Powers reports:
“First, the automaker is offering 0% APR financing for up to 72 months on all 2020 Jaguar and Land Rover models, as well as the 2021 Jaguar F-Type. The zero-interest financing incentive runs through June 30, 2020.
“In addition, JLR is offering to new lessees that qualify and who finance through Jaguar Land Rover Financial Group, a 90-day first-payment deferral program. Similar to the zero-interest financing offer, the 90-day payment deferral program is available to those who purchase any 2020 Jaguar or Land Rover model, as well as the 2021 Jaguar F-Type. The only stipulation is that the amount financed is capped at $100,000.”
That’s great news for Jaguar customers. We’ve got the incentive to repair Jaguars. Now you’ve got the incentive and financial support to buy them — a win-win, all around.
