Hyundai Motor America Relaunches Job Loss Protection Program

Hyundai Motor America announced that they will be relaunching the “Hyundai Assurance Job Loss Protection” program for its major brands, including Genesis. The program is designed to support customers impacted by the uncertain business and financial environment created by the coronavirus (COVID-19) pandemic.

“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.

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. Hyundai will also defer payments for 90 days at the customer’s request for select new purchases through April 30, which will be financed by Hyundai Capital.

“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,” said Muñoz.

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.

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.

You can read more information about the “Hyundai Assurance Job Loss Protection” program by visiting www.hyundaiusa.com.

Sources:

• Press release from Hyundai Motor America.
• Press release from Genesis Motor America.