Can I defer my car payment for 3 months?


Editorial team Published on

Yes, you can often defer your car payment for up to 3 months, but it depends entirely on your Capital One Auto Navigator or lender's specific approval and policies.

💡 How Deferment Works

  • Pushed due date: Missed payments move to the end of your loan.
  • Extended term: Your loan final payoff date moves out by three months.
  • Accrued interest: Interest keeps building during the three-month pause.
  • Extra cost: Total interest paid over the life of the loan increases.

⚠️ Eligibility Requirements

  • Current account: Your loan must be current and not already in default.
  • Payment history: Lenders look for a strong track record of on-time payments.
  • Hardship proof: You must show a valid financial hardship like job loss.

🗓️ Steps to Request a Deferral

  1. Contact lender: Call your auto finance company before your next payment date.
  2. Ask for options: Request a 3-month payment extension or forbearance.
  3. Get it in writing: Confirm that the agreement protects your credit score from late marks.