Help with car payments including auto loans.
Find how to get help with your car payments, including auto loans and other costs associated with vehicle ownership. There are financial assistance programs, non-profit credit counseling agencies, banks-lenders, or auto dealerships that provide resources to people in a hardship. It is possible to get emergency financial help paying a car or truck payment, forgiveness or reduction in a loan payment, and more. Find how to get car payment assistance including help from auto loan hardship programs.
A focus is on helping people who need their vehicle for work, job training, or school. The charity, non-profit as well as lender auto loan assistance programs can also offer emergency help to other low-income families as well as people with poor or bad credit. Car loan payment help may also be offered by government grants, community action agencies, charities, and even state or federal government organizations as all these places try to ensure that people on the path to self-sufficiency have a vehicle available to them for economic stability.
Financial assistance for paying a car payment or note
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Community Action Agencies often have car loan assistance programs. The financial help is offered from many (but not all) locations with offices in most counties and cities. In addition to emergency help with a car loan for people that need transportation for work, some community action organizations will offer applications to government grants that assist with car payments.
- The main goal of these non-profits is to help families become self-sufficient over the mid to long term. There may also be information on low cost auto loans, hardship programs, local transportation services (including for the disabled or elderly), as well as many other financial aid programs. More on community action agency programs.
Non-profit credit counseling agencies will offer resources that help with car loan payments. In general, the counseling is free for low income clients. There are national and regional agencies that are certified by the government as non-profits. The counselors can help clients with applying for grants or financial help for car payments, assist with negotiating payment plans or lower interest rates on a note, and in general offer a wide variety of assistance programs to people in need. Find free credit counseling near you.
Borrowers facing the repossession of their car or truck can get help. There is emergency financial assistance, new low cost or interest free auto loans available, non-profits such as the United Way and other charitable options. All of these will offer car loan payment relief to either stop or delay a car repossession. The goal is to allow people to have some form of vehicle for long term self-sufficiency, and look here for financial assistance for car repossession.
Most banks, credit unions, automobile dealerships and lenders offer auto loan hardship programs as well. In general, they work with the borrower to help them find some form of payment solution. This may be lowering the borrowers monthly payment or interest rate, providing deferments or other support to low-income families, including forgiveness of a portion of the past due car loan. Learn more on how to lower car payments.
When an automobile loan is upside down, some of the programs runs by these banks and lenders may be able to assist. However they tend to be targeted at helping more traditional borrowers save money by lowering their interest payments or extending payment terms on their car note. For those individuals that do have negative equity, there are resources targeted at them, and they can get help with upside car loans.
Another option is to eliminate the monthly car payment entirely. This type of auto loan forgiveness is generally used as a last resort, when the consumer just can’t afford to pay for their automobile anymore. So it can be thought of as an extreme form of refinancing. Find ways to get out of a car loan.
Some borrowers may be using high risk car title loans. Those individuals will tend to need assistance in paying them off or in refinancing. There are counselors who can provide advice on how to do this and there are also alternative forms of financing available. Get information on companies that offer assistance with title loans.
 Consumer Financial Protection Bureau (CFPB) has resources for handling auto loan debt. The government website provides tips on how to get a loan deferred, information on negotiating with lenders, as well as links to non-profits and other organizations that provide emergency financial help with a loan. CFPB also has information on predatory auto loan lenders and dealerships, such as used car lots, which may trying to take advantage of vulnerable borrowers and get details on the CFPB car loan assistance programs here. https://www.consumerfinance.gov/consumer-tools/auto-loans/.
Credit cards can be used in some cases to either make a payment, refinance an existing auto loan, or to even buy a new car. This approach can help some families, but it does comes with many risks (as well as maybe a pros). Find more details on using credit cards for car payments.
Help with other auto expenses, including loans from a repair, gas or related car payments
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In addition to the programs that directly pay an auto loan, there are many other programs that provide financial assistance for related transportation expenses. Again, low-income families or people in a short term crisis that need their car or truck for a job often are given priority for these options, and some can combined with the resources to pay an auto loan noted above.
Assistance is also offered for gasoline payments, which can be combined with auto loan help from the organizations above. A number of charities offer vouchers, interest free loans and/or limited amounts of financial help to get gas for a vehicle if the person struggling with their loan needs their vehicle for work. In addition, the charities that offer this service may also be able to refer clients to other programs that help with car payments. Learn more on how to get free gas.
Car repair assistance programs, including help with past due auto repair loans, are offered too. These resources can help drivers pay for truck or auto repairs (if they use their car for work or job training). Everything from grants to charities can help with payments on an existing loan that was used to fix a car or they offer help for someone facing a new issue with their vehicle. In addition, any money saved on repairs can then be used to pay any debts or notes you have on your car. Continue with getting help with car repairs.
Free cars including auto loan financing programs may also be an option for low income households and/or the working poor. Hundreds of national as well as local charities, churches, and government social service agencies try to provide free cars (or affordable auto loans, etc.) for people who are in a short term crisis. The programs are intended to help the client get the transportation they need in order to get to work. There may also be free car, including monthly payment assistance programs, for single mothers or dads. Learn more on where to look for a free car given away.
- Ways to Work car loans for people with bad credit can be used as a form of assistance for existing payments or help pay for auto repairs or other expenses. Low-income families, including those in a financial hardship or crisis or with bad credit, will get help from with payments from the non-profit. Learn more on Ways to Work car loan programs.
Traffic ticket assistance programs are also available. There are some charities and government programs that can assist with unpaid parking tickets, court fines, speeding tickets, and related costs. Attorneys can even provide free advice to qualified low-income families for various automobile violations (along with loans). Find how to get help with traffic tickets.
Impound fees can sometimes be paid. Low income families or people with little or no money that need their car for work and that lost their automobile due to registration issues, tickets, or a civil legal matter may be able to get emergency help. Non-profits may offer loans to pay the retrieval fees or they can offer other assistance for related payments that may be due. Find help paying for impound expenses.
Find out how to save hundreds of dollars on car insurance expenses. There are things to do that may be as simple as shopping around for a new policy. Lower payments, or direct financial help for insurance (while not common), is but one more way to reduce your monthly payments to free up money for paying an auto loan. But in addition to that, car owners take other steps for saving money.
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