Hyundai Will Make You Car Payment if You Lose Your Job

Buy a car, lose you job within a year of the purchase and return the car no questions asked. This unusual policy being implemented is called the Hyundai Motors America's Recession Assurance Program. Here is how it works.

The program was announced in January that allows consumers to return any new Hyundai leased or financed in 2009 if the owner unexpectedl loses his or her job within the first year.

Hyundai further expanded the program at the end of February of 2009 to give customers a one time, 90-day payment relief in the event of job loss or physical disability. The company is basically saying that we are all in this together and we'll get through this together.

Hyundai is responding to consumer needs as a sort of offline social media response to the economic crisis and the rising unemployment rates. Hyundai is telling the consumer that they understand the consumer challenges.

General Motors has filed Chapter 11 Bankruptcy in federal courts.   No recent Information is  readily avaible on their means of helping automobile owners.

General Motors response to the consumer and the economic downturn is still evolving. The company criticize the Hyundai Motors America's Recession Assurance Program. General Motors executives are saying that all that Hyundai program does is keep the consumer credit from getting into havoc. This is General Motors take on the Hyundai program to return the car within a year after the loss of a job.

If you lose your job, you need your car. How are you going to get to your new job? General Motors is looking at a new consumer friendly program. GM is looking for a program of exploration that would look at the overall applications of the economic environment.