Hyundai gives a break to furloughed federal workers due to US government shutdown

Article by Anita Panait, on October 4, 2013

Hyundai Motor America is allowing furloughed federal workers to defer their payments on loan and lease payments while the government shutdown in the United is ongoing. Federal workers who leased or purchased through Hyundai Finance America are eligible of the payment deferral. Likewise, Hyundai Motor America is offering furloughed federal workers who seek to buy a vehicle in October a 90-day payment deferral.

John Krafcik, chief executive of Hyundai Motor America, said in a statement that they recognize the impact of the furlough on family budgets. He remarked that the payment deferral program is their way of saying 'We've got your back' to customers during an uncertain time. 

The carmaker launched the Hyundai Assurance program to enable buyers and lessees return their new vehicles if they lost their jobs within the first year of ownership. The program was terminated in 2011. The Assurance program currently covers several services, including warranties and vehicle care. [source: automotive news - sub. required]

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