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How much can I defer?

Updated yesterday

The amounts you can defer for the Deferred Payment Option:

New Purchase Loans

  • Maximum up to 17.5% of either loan amount or vehicle value (The lower of the 2 amounts).

    • For example, if the loan amount is $50K (20% is $10K), but the Vehicle is valued at $45K (20% is $9K), the maximum we can defer up to is $9K.

  • Maximum up to $7,500 (If 17.5% of the loan amount or vehicle value is less than $7,500).

  • Choose less than the maximum amount for either $4,000, $3,750, $2,000 (Options dependent on whether the vehicle is new or used).

Note: Refinance loans are not eligible for a Deferred payment option.

Call or text our main line 877-378-3638 to speak with one of our specialists or email us at support@tenet.com.


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