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.