Lose Your Job and Hyundai Will Let You Return Your Car
Korean automaker Hyundai has launched a car plan targeted at those concerned they may lose their jobs but still want to purchase a new car. The program called Hyundai Assurance says that if in the next year you lose your income, they'll let you return the car you bought.
MSN's Smart Spending Blog listed a few of the finer points of the deal. One of the points is that the Hyundai Assurance benefit is worth up to $7,500 and is based on Hyundai's determination of what your vehicle is worth.
The Hyundai Assurance benefit is worth up to $7,500 and is based on Hyundai's determination of what your vehicle is worth "based on the average of your dealer's appraisal and the values from leading industry guides," the company says. That amount is applied to what you owe. You pay the difference if it's more than that.
You have to finance or lease the car to qualify.
The offer is limited to those who involuntarily lose their job, get transferred overseas, become disabled, lose their driver's license due to physical impairment, are self-employed and file for bankruptcy -- or accidentally die.
It's an unusual offer that will at least get many people researching Hyundai cars to see if the offer is something they are interested in. You can read more coverage of Hyundai's Assurance offer here, here, here, here and here.
Korean automaker Hyundai has launched a car plan targeted at those concerned they may lose their jobs but still want to purchase a new car. The program called 
