Thursday, August 20th, 2009
As we told you yesterday, a large number of New York dealerships are withdrawing from the Cash for Clunkers program because the government has been to slow with their payments. However, to remedy this, GM has announced that they will begin advancing Cash for Clunkers payments to their dealerships.
This advance could be short lived, however, considering the US Government’s recent announcement about bringing the Cash for Clunkers program to a close. We’ll have to wait and see how this one pans out.
Read (Detroid Free Press)
Tags:
Cash for Clunkers,
dealership,
GM,
Payment,
us government
Posted in Business, Cars, GM, Industry, Law | Comments
Sunday, February 22nd, 2009
Car dealers will do anything to sell you a car these days. Let’s take Hyundai for example. It has launched a new payment plan, the Assurance Plus. You can take advantage of it from February 23 to April 30. Assurance Plus is an upgrade of the Assurance Program. Under the Assurance Program you could have turned in your recently purchased Hyundai without having to pay the negative equity.
With the Assurance Plus, Hyundai will go ahead and pay three months of finance or lease on your car so you can look for work. In case you can’t find any you will be able to turn in the car and have any negative equity, minus the car’s trade-in value, absolved. Hyundai will offer both Assurance plans for one full year at no extra charge for you and Hyundai will only assume a maximum liability of $7,500. Just make sure you have made at least two payments before filing a claim.
via Kicking Tires
Tags:
Assurance,
Assurance Plus,
Hyundai,
Payment
Posted in Business, Hyundai | Comments