Hyundai Announces Return Your Car Incentive
Tuesday, January 6th, 2009In a move that is certain to entice car buying, Hyundai has relaxed its car lending policies by allowing people to return their cars if they lose their jobs. The program is only applicable to buyers who purchase their car within a year.
This is a move that will certainly be favorable to car buyers who are caught in possible layoffs. Many potential car buyers who want to buy a brand new vehicle are hesitant these days mainly because of fear that they may not be able to pay off their monthly amortization if they should be laid off.
In a way, you can look at this scenario as similar to car rentals. The only thing is you are getting a brand new Hyundai which can be yours if you can fulfill the monthly obligations for at least a year. Not a bad deal if you are dying to own a brand new car.
Via Reuters
Tags: amortization, brand new car, car buyers, car buying, car rentals, Cars, jobs, new hyundai