If you haven’t already seen the commercials, Hyundai is offering it’s customers the following offer:
“Finance or lease any new Hyundai, and if in the next year you lose your income*, we’ll let you return it. That’s the Hyundai Assurance.
*See your participating dealer or the program certificate for complete coverage details. Hyundai Assurance is valid on any new Hyundai model financed or leased, for up to one year after purchase. Restrictions apply.”
You can click here to learn more.
My Take? In these tough economic times, I think that this is a VERY refreshing to see an auto maker offer a security blanket for it’s customers. Folks that need/want to get into a new car but are finding it difficult to do so because of the uncertainty of their jobs, so this certainly a good incentive to visit Hyundai dealerships. The beauty of this offer is that in the event something does happen to you, your credit won’t get killed. Time and time again, I hear of people getting into leases or purchases they can no longer afford due to loss of employment. Many also make the mistake of not making their payments and letting the car get repossessed. Please, don’t EVER do that. Credit is of the at most importance here in the U.S. (more so than other countries). When you destroy your credit, you essentially kill your purchasing power for years to come.
The Hyundai Assurance:
- On all NEW Hyundai models
- Purchases or Leases
- Covers up to $7500 in negative equity for up to 12 months
- Physical disability
- Involuntary unemployment
- Self-employment bankruptcy
- International employment transfers
- Loss of driver’s license due to medical impairment
- Accidental death
You do need to register to get these benefits however. To do so click here an follow the steps outlined on that page.
Not a bad deal if you ask me. Certainly worth a look if you are looking to get into a car and have been holding off because of the economy. I’m not a big fan of Hyundai’s Econoboxes, however, I would probably give the Genesis a chance.