What are the benefits of the Hyundai Assurance Job Loss Protection program?

By Product Expert | Posted in Community, Dealership News, Manufacturer News on Friday, March 20th, 2020 at 1:54 pm
Hyundai Assurance Logo

Over the past couple of years, Hyundai has taken great measures to make things better for its customers, and in the wake of the current pandemic we’re all facing as a nation, Hyundai has stepped up again by reinstating its Assurance Job Loss Protection program. The coronavirus is affecting us all, but some more than others. With the future currently on uneasy ground, Hyundai wanted to put something in place that could benefit those affected by COVID-19.

[ READ MORE: What is the Hyundai Shopper Assurance program? ]

“We understand the extreme uncertainty created by the coronavirus and the anxiety experience by our customers, and wanted to tap into Hyundai’s legacy of having people’s back. Bringing back the job loss protection program in this unprecedented time will allow our customers to have one less thing to worry about if something unexpected happens to their employment status.”

– Jose Munoz, Chief Operating Officer, Hyundai Motor Company; President & CEO, Hyundai Motor North America

What is Assurance Job Loss Protection?

The program in question is a way to protect shoppers in the event that they lose their job as a result of the COVID-19 pandemic. Car buyers who purchase or lease their vehicle through Hyundai Capital between the dates of March 14th and April 30th, 2020 can gain the benefits of the reinstated program. If you meet these criteria and lose your job, Hyundai will make up to six months of payments for you. In addition, upon request, Hyundai will defer payments for 90 days on select models, including the Santa Fe, Tucson, Elantra, Elantra GT, Kona, Venue and Accent.

Job Loss Protection was originally introduced in January of 2009 in response to the financial crisis, but we’re glad Hyundai is now able to bring back the program to provide relief to those impacted by the coronavirus. If you need help, don’t hesitate to get in touch with us, we’d be happy to.

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