Foton Philippines, the best-selling Chinese commercial vehicle brand in the Philippines is joining Japanese and American car makers in extending auto loan due dates, expiring warranties, and adding grace periods to missed Periodic Maintenance Service due to the Enhanced Community Quarantine.
Foton's auto loan partners have all agreed to extend auto loan due dates during the period of the Enhanced Community Quarantine. This should provide Foton owners more time to manage their household and personal expenses during this COVID-19 crisis. Details are sparse, but it's understood that the payment term extensions vary from 30 to 90 days depending on the bank.
In addition, Foton is also extending expiring warranties and the offering grace period for due PMS until June 30th, 2020- a 78 day extension from the supposed end of the Enhanced Community Quarantine.