Martin Lewis shared some good news for Brits who have bought a car on finance.
The MoneySavingExpert gave the latest financial updates on his programme The Martin Lewis Money Show.
Throughout the week, people have quizzed Martin on car finance as some struggle to pay their bills.
If you've a car loan, PCP, leasing or HP deal there will be a three month payment holiday on requests.
Whilst this regulation has yet to become law, Martin expects the government to announce it tomorrow (April 24).
This will then be put in place later next week.
For the time being, Martin advises speaking to your car finance company as they may be able to start the payment holiday now.
But only do this if there's no other option, as interest still racks up.
It's worth knowing they can't repossess cars for non-payment.
Car finance is often secured on the car, so usually if you can't repay, lenders can repossess it. They can't do this for the next three months if you're struggling due to coronavirus.
