What does this mean? Auto financing question.

Question

Due to the craziness of this pandemic going around, my job has told us hours are getting cut. I got this email from my car financing company, and said I have the option to push off payments for up to 120 days, but finance options can accrue. Does this mean I’ll get a crazy amount of money added onto my loan? I believe my interest rate is at 11% if that matters, I’ve been paying on this car for a year.

Answer

It means if you have an existing loan and you can’t pay it for 120 days there will be no late charges but there will still be interest. 
If your getting a new loan, the first payment isnt due for 90 days

Answer

No late fees but interest will still be charged. You would end up paying more because interest will be charged on a larger amount for a longer time. If you can afford to keep paying on time, definitely do it.

Answer

What it means is you can defer but you will still be charged your monthly payment without fees being attached.  
We have done this before. It just added time your loan. 
So say your loan is to be paid off January it would get pushed up 120 days so it would be paid off in  april instead. 
I hope thats more of an understanding or at least how ive understood it

What does this mean? Auto financing question.

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