Can You Defer a Car Payment?


Can you defer a car payment? If your budget is tight and you’re worried about whether you can afford your next car payment, then you’re not alone. Many Clear Lake drivers find themselves in this situation, but they understand there are consequences to missing a payment altogether. Luckily, many lenders do allow borrowers to defer a car payment to the end of the loan when necessary. This guide from the Clear Lake Chrysler Dodge Jeep Ram FIAT finance center provides more details on the car payment deferral process and reasons to defer a car payment. 

What Is a Deferment on a Car Loan?

Unsure what is a deferment on a car loan? In short, payment deferment on a car loan allows borrowers to put off the payment for the time being, with the payment then applied to the end of the loan term. This allows drivers from Houston and beyond to avoid repossession, and some auto loans have a built-in deferment policy.

How to Defer a Car Payment

First and foremost, in order to defer a car payment, you must contact your lender for approval. As soon as you become aware that you cannot make your next car payment, get in touch with your lender. Be honest about your current financial situation in this conversation, providing details as to why you must defer your car payment. Remember, you may still need to pay interest even with a payment deferment on a car loan.

How Often Can You Defer a Car Payment?

Different lenders have different deferment policies, so how often you can defer a car payment varies. There also may be differences in whether deferment frequency applies on a yearly basis or over the entire loan term. Check with your lender for specifics on your loan deferment policy.

Is Deferment Right for You?

There are a number of reasons why you may wish to defer a car payment, but is deferment right for you? Pearland drivers should explore the advantages and disadvantages of deferring a car payment so that you can make an informed decision.


  • No risk of repossession, saving your credit score and car ownership.
  • No late fees.
  • Extra time to refinance your auto loan, which in turn helps you to make payments in the future.


  • Payment doesn’t disappear, as the payment will be due at the end of the loan term.
  • Often must still pay interest for the month.
  • Interest continues to accrue during deferment.

Turn to Clear Lake Chrysler Dodge Jeep Ram FIAT for Auto Finance Advice 

Do you have additional questions on payment deferment on a car loan? Are you seeking additional auto finance advice? Get in touch with Clear Lake Chrysler Dodge Jeep Ram FIAT! Otherwise, refer to our finance and insurance information hub for more answers to your questions, including how to finance a car with bad credit.

More from Clear Lake Chrysler Dodge Jeep Ram FIAT

  • The 2021 Chrysler Pacifica Interior Becomes Bold

    The new interior in the 2021 Chrysler Pacifica is stunningly bold and has been updated to be more safe and spacious for drives to Webster with your entire family. The Chrysler Pacifica can seat up to 7 passengers across three rows of seating, and also offers a generous amount of cargo space. Because of this,…

  • 2021 Jeep Renegade Interior

    Praised by experts as the “most off-road-capable and arguably the most characterful contender among subcompact SUV/crossovers,” the 2021 Jeep Renegadefor sale at Clear Lake Chrysler Dodge Jeep Ram FIAT is a popular vehicle amongst Clear Lake drivers. Boasting a rugged and durable design that is perfect for off-road adventures, in addition to a comfortable interior, the Jeep Renegade provides an enjoyable…

  • 2021 Jeep Cherokee Towing Capacity

    Are you in need of a versatile vehicle that can handle everyday Clear Lake commutes and weekend off-roading adventures? The 2021 Jeep Cherokee delivers on all fronts with a stylish yet rugged build, and top-tier performance features that are designed to meet all of your driving needs. The maximum 2021 Jeep Cherokee towing capacity is a…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us

15711 Gulf Freeway • Webster, TX 77598

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-2pm

Clear Lake Chrysler Dodge Jeep Ram FIAT 29.5833535, -95.1792427.