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Hyundai to Idled Federal Workers: No Job? No Car Payment!
Hyundai Motor Co. says it won't require car payments from owners who have been forced into unpaid leaves because of Tuesday's U.S. government shutdown.
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Hyundai Motor Co. says it won't require car payments from owners who have been forced into unpaid leaves because of Tuesday's U.S. government shutdown.
The company says it will continue to defer payments for existing customers as long as their furloughs continue. Hyundai also is offering government employees who had been considering a new car a 90-day reprieve from beginning to pay for one if they buy now.
Hyundai made a related offer in 2009 during the economic crisis, offering U.S. buyers the option of returning their cars during the first year of ownership if they lost their jobs.
The company phased out that offer in April 2011 and promptly replaced it with a program that guarantees the trade-in value of a new Hyundai models after the third or fourth year.
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