Hyundai Relaunches Assurance Job Loss Protection Program

Hyundai Relaunches Assurance Job Loss Protection Program

For those customers who need a new vehicle, Hyundai is also deferring payments for 90-days on select new models purchased at a Hyundai dealership and financed through Hyundai Capital.

Hyundai Motor America, an advocate for making things better for its customers, is reinstating its Assurance Job Loss Protection program to support customers affected by the uncertain business and financial environment created by the coronavirus (COVID-19) pandemic. Hyundai will make up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, 2020 through Hyundai Capital. Additionally, for select new purchases through April 30 financed by Hyundai Capital, Hyundai is deferring payments for 90 days at the customer’s request.

“We understand the extreme uncertainty created by the coronavirus and the anxiety experienced by our customers, and wanted to tap into Hyundai’s legacy of having people’s back,” said José Muñoz, chief operating officer, Hyundai Motor Company; president and CEO, Hyundai Motor North America. “Bringing back the job loss protection program in this unprecedented time will allow our customers to have one less thing to worry about if something unexpected happens to their employment status.”

The Hyundai Assurance Job Loss Protection program provides up to six months of payment relief for customers who lose their job involuntarily. The payment relief is available for all customers, regardless of employment history, who purchased or leased their new vehicle from a Hyundai dealer and financed it through Hyundai Capital.

For those customers who need a new vehicle, Hyundai is also deferring payments for 90-days on select new models purchased at a Hyundai dealership and financed through Hyundai Capital. These select models are: Santa Fe, Tucson, Elantra, Elantra GT, Kona, Venue and Accent.

Hyundai Assurance Job Loss Protection joins Hyundai’s collection of customer-centric programs under the Hyundai Assurance umbrella that consists of Owner Assurance and Shopper Assurance. Owner Assurance includes Job Loss Protection, the recently launched Complimentary Maintenance program and America’s Best Warranty, among other owner benefits that improve the ownership and service experience. Shopper Assurance is Hyundai’s commitment to simplifying the car buying process.

Originally conceived in January 2009 as a result of the financial crisis, the Hyundai Assurance Job Loss Protection program was the first of its kind for an automaker in the U.S. It reinforced Hyundai’s commitment to helping its customers by allowing them to return their vehicle if they lost their job. Today, the program provides six months of payment relief.

For more details about the Hyundai Assurance Job Loss Protection program, visit www.hyundaiusa.com.

You May Also Like

APCO Holdings, LLC Acquires Capital Administrative Professionals

This strategic move expands APCO’s F&I product portfolio and strengthens its position in the automotive, RV and powersports industries.

APCO Holdings, LLC (APCO), a provider and administrator of automotive Finance & Insurance (F&I) products and home to the EasyCare, National Auto Care (now EasyCare), GWC Warranty and Crystal Fusion brands, has acquired Capital Administrative Professionals, LLC (CAP). This strategic acquisition marks the third acquisition in 2024, following the acquisition of Crystal Fusion in May. These acquisitions demonstrate APCO’s commitment to protecting what moves dealers, agents and lenders and further strengthens its position in the F&I industry.

APCO Holdings, LLC, Acquires Rider’s Advantage

This strategic move, following recent acquisitions, strengthens APCO’s position in the powersports, marine and RV industries.

Cox Automotive Names Joe Kichler to Brand New Position

Cox Automotive’s newly created role will accelerate connections between company’s digital wholesale and logistics solutions.

BendPak Awarded Sourcewell Cooperative Purchasing Contract

BendPak’s Sourcewell cooperative purchasing contract saves public agencies time and money when buying lifts and shop equipment.

Lax Hygiene Greatest Risk of Dealership Data Breach, Expert Says

Learn strategies combining human oversight and digital security measures from Terry Dortch to maintain compliance.

Other Posts
AutoNation, U.S. Army Announce Partnership

The partnership between AutoNation and the U.S. Army will create job opportunities for soldiers through the PaYS program.

BizzyCar Unveils Q2 2024 Recall Report

Ford leads with 1.3 million vehicles recalled, and total recalls top 14 million year-to-date.

ABCoA Offers DST Dealership Sales Tools Amid Software Hack

Featuring quick implementation and affordable pricing, ABCoA offers the software to support dealerships affected by the security breach.

AppraisalPRO Launches, Allowing Dealers to Spot Lemons

Created by FIXD Automotive’s founders, AppraisalPRO gives new and used car dealerships the power to devalue car trades and win more deals.