Hyundai & Genesis Cover Buyers with Coronavirus Layoffs & Defers Payments

Hyundai and Genesis are assuring buyers that unexpected job losses will be covered for up to six month as well as deferred payments for 90 days.

Hyundai Motor America, an advocate for making things better for its customers, is reinstating its Assurance Job Loss Protection program to support customers affected by the uncertain business and financial environment created by the coronavirus (COVID-19) pandemic. Hyundai will make up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, 2020 through Hyundai Capital. Additionally, for select new purchases through April 30 financed by Hyundai Capital, Hyundai is deferring payments for 90 days at the customer’s request.

The Hyundai Assurance Job Loss Protection program provides up to six months of payment relief for customers who lose their job involuntarily. The payment relief is available for all customers, regardless of employment history, who purchased or leased their new vehicle from a Hyundai dealer and financed it through Hyundai Capital.

For those customers who need a new vehicle, Hyundai is also deferring payments for 90-days on select new models purchased at a Hyundai dealership and financed through Hyundai Capital. These select models are: Santa Fe, Tucson, Elantra, Elantra GT, Kona, Venue and Accent.

Hyundai Assurance Job Loss Protection joins Hyundai’s collection of customer-centric programs under the Hyundai Assurance umbrella that consists of Owner Assurance and Shopper Assurance. Owner Assurance includes Job Loss Protection, the recently launched Complimentary Maintenance program and America’s Best Warranty, among other owner benefits that improve the ownership and service experience. Shopper Assurance is Hyundai’s commitment to simplifying the car buying process.

Originally conceived in January 2009 as a result of the financial crisis, the Hyundai Assurance Job Loss Protection program was the first of its kind for an automaker in the U.S. It reinforced Hyundai’s commitment to helping its customers by allowing them to return their vehicle if they lost their job. Today, the program provides six months of payment relief.

Genesis Motor America, a brand known for consistently putting its customers’ needs first, is launching Genesis Cares Job Loss Protection to support customers affected by the uncertain business and financial environment created by the coronavirus (COVID-19) pandemic. Starting Saturday, Genesis will make up to six months of payments for customers who have purchased their new Genesis vehicle between March 14 and April 30, 2020, financed or leased it through Genesis Finance and experience an involuntary job loss any time this year. Additionally, for customers who purchase a new 2019 Genesis G70 and finance it through Genesis Finance by April 30, 2020, Genesis will defer payments for 90 days.

Genesis Cares Job Loss Protection provides up to six months of payment relief for customers who lose their job this year after purchasing a new Genesis vehicle between March 14 and April 30, 2020. The program is available for all customers, regardless of employment history, who purchased or leased their vehicle from a Genesis retailer by April 30, 2020, financed or leased it through Genesis Finance and suffered an involuntary loss of employment.

Genesis Cares Job Loss Protection also provides three months of payment deferral to its customers who purchase select new 2019 G70 vehicles through Genesis Finance between March 14 and April 30, 2020.

Genesis Cares Job Loss Protection joins Genesis’ comprehensive suite of other owner amenities. All Genesis vehicles sold in the U.S. are covered by an industry-leading warranty  that includes a 10-year/100,000-mile powertrain warranty with enhanced roadside assistance and concierge services

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