Ford Motor Credit, Nissan Motor Acceptance and Toyota Financial Services are among the finance arms offering malleable payment and repayment programs, with larger lenders Wells Fargo Auto and Ally Financial following suit. GM is offering 0 percent interest on 84-month loans and 120-day deferred payments on new-vehicle purchases.
The dealership group said in a regulatory filing that while it "does not presently intend to terminate its obligations" in the planned $1 billion Park Place deal, terminating the agreement would cost $30 million.
F&I product and reinsurance provider Portfolio Holdings has agreed to acquire competitor National Automotive Experts/NWAN. Together, the company will rank among the top 10 largest F&I product providers in the nation, executives said.