Surely a sign of the times, Hyundai US is offering up an interesting proposition to new car buyers, which are now a rare breed. It is apparently a 'no lose' :)
Hyundai: Lose Your Job, Return Your Car
From About.com (Aaron Gold)
http://cars.about.com/b/2009/01/08/hyundai-lose-your-job-walk-away-from-your-car-loan.htm
“The car market is in shambles right now. It's a great time to buy -- dealers are hungry, gas is cheap, and lenders are loosening their pockets, so cars are hella cheap -- but people are worried about keeping their jobs, so they're understandably reluctant to commit to a car payment. Enter Hyundai and their new Hyundai Assurance program.
Here's the deal: If you buy a new Hyundai and then lose your job, you can walk away from your new car and your new car payments. If you're upside down (you owe more on the car than its worth), Hyundai will even cover the negative equity, up to $7,500. The program is free and covers the first twelve months of ownership. The program also covers disability, loss of driver's license, disability, accidental death, or a last-minute job transfer to Belgium. Details of the program can be found at hyundaiassurance.com.”
http://www.huffingtonpost.com/2009/01/06/hyundai-lose-your-job-ret_n_155492.html
3 comments:
Good for Hyundai, this is the outside the box thinking required to stay alive. This is adding value to their customers by giving them assurance. I hope it works out for them.
-Bill
What is this world coming to?
They also make premium classed sedans too!
Go figure.
I find this bizarre. I'd like to see the results of someone actually returning their car. LOL
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