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Fiat Coronavirus Financial Relief and New Car Incentives

The Coronavirus has sparked anxiety and hardship throughout the world, bringing auto production in the United States and abroad to an abrupt halt. This “silent enemy'' seemingly came out of nowhere and brought with it both fear and possible economic devastation. Just last year, the automobile industry experienced several challenges that ranged from issues with new technology and trade uncertainties, including a booming employment market that continued to shift the needs and desires of the American car buyer.

Fiat Coronavirus Financial Relief and New Car Incentives

Fiat Chrysler Automobiles NV, (FCA) is an Italian American multinational car company that also encompasses Dodge, Jeep, Ram, and Alfa Romeo. When the Coronavirus came to light, Fiat was one of the first companies to take initiative and slow its supply chain in response to growing concerns over the spread of the virus.

In addition to this foresight, Fiat is one of many automakers extending financial relief and incentives to new and existing customers in the wake of COVID-19. Fiat also adds its name to the ever-expanding list of auto brands participating in programs involving Coronavirus car payment plans. The following is a guide that summarizes Fiat’s relief and incentive programs.

Fiat Customer Relief Programs - Find the best deals!

The COVID-19 crisis has caused unprecedented business closures that have had a shocking effect on the economy. Businesses and employees in the millions have all been sidelined with shelter-in-place orders, and organizations are scrambling to find stop-gap solutions until the country slowly begins to reopen for business.

Fiat understands the concerns of its customers and is very aware of the financial hardships many of them currently face. Fiat is advising customers who have financed a vehicle through their financial arms to contact that institution directly to discuss what payment deferment plans are available to them. Their two finance arms can be reached at the following phone numbers.

Chrysler Capital: 1-855-563-5635

Ally Financial: 1-877-247-2559

Fiat also realizes that many of its customers may not have purchased their vehicle through Chrysler Capital or Ally Financial. For those who are financing with a different institution, Fiat is encouraging customers to call their financial institution directly to inquire about specific deferment plans that may be available during these difficult times.

 
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Fiat New Car Incentives - Find the best deals!

According to FiatUSA.com, the automaker is offering several incentives and bonuses on their vehicles. Currently, FCA is offering its employees, partners and suppliers an option to purchase or buy a vehicle at 1% below dealer invoice. Fiat is also allowing any additional incentives and rebates to be included with this offer for maximum savings. FCA has an Affiliate Rewards Program Headquarters, which can be accessed online at www.FCAUSaffiliates.com or by phone at 1-888-444-4321. Employees, providers, and suppliers are asked to have their company code to log in or ready when they call.

FCA is also offering interest-free financing for 84 months on select Ram Trucks, Dodge and Jeep vehicles. This includes offers like 0% financing for 60 months on 2020 model Chrysler Pacificas and deferred payment options for 90 days on select 2019 and 2020 models. Fiat requests that you contact your local dealership for information on incentives available in your area.

For purchasers and lessees of 2018 and 2019 Fiat’s, there is an additional $500 cash bonus available for Active, Active Reserve, Retired Military, and Retired Military Reserve. There are also additional options for military personnel who are stationed overseas. For more information on these incentives, visit www.MilitaryAutoSource.com.

Fiat Factory Closures - Find the best deals!

Fiat confronted the safety concerns surrounding the Coronavirus by ceasing all production at their North American plants back in mid-March. The massive automaker employs nearly 200,000 people globally and idled production at their facilities out of growing concern for the safety and wellbeing of its employees.

The automaker initially planned to resume production on April 14th, but at the request of the government Coronavirus Task Force, were asked to continue to assist in the attempt to flatten the curve. As a result, the automaker has agreed to remain shut down through May 4th. At that time, Fiat plans to reassess the situation and act accordingly.

Fiat Economic Outlook and Sales Forecast - Find the best deals!

To date, Fiat has declined to offer any further guidance for 2020 based on the uncertain continuance of the Coronavirus. As recently as January 16th, experts at Edmonds were predicting the sale of over 17.1 million vehicles in the U.S. in 2020, a slight increase from the 17 million units that were sold in 2019. Now just a few short months later, that number has been revised to a modest 14 million projected units. During this unprecedented halt in production, Fiat is focusing on implementing new safety procedures and configuring works spaces at all of its facilities.

On March 27th, Fiat Chrysler CEO Mike Manley announced plans to retool and convert select facilities into locations producing face masks to donate to first responders and healthcare workers that are in desperate need of PPE. The new face masks look to be available over the coming weeks.

Fiat also is aware of the major impact on communities during this time and have also stated that they are partnering with select nonprofits to assist with feeding of school children that have been confined at home and have not been able to access daily meals that they have come to rely on during the school week. FCA will continue this program here in the US, Canada and Mexico and will continue to monitor the situation and be available to offer assistance to their employees, customers and communities until this pandemic has come to an end.

J.D. Power released a statement regarding its 2020 outlook of 16.8 million U.S. light-vehicle sales, an outlook that was calculated before the globe was ground to a halt because of COVID-19. Due to the substantial strain the virus has put on the entire economy, it is no longer feasible to realistically attain these figures. J.D. Power expects sales to likely fall in the range of 14 to 16 million units due to the growing recovery efforts ahead due to the Coronavirus.