Hyundai Payment Deferral and Relief Programs
The uncertain and challenging times we are all facing amid the Coronavirus outbreak have led to some families struggling to manage their finances. Still, vehicles are essential to keep up with our daily lives and be independent. That’s why Hyundai Motor America has taken several steps to help its current and prospective customers. Join us to find out the payment deferral and relief programs Hyundai has instituted to help drivers during this global crisis.
For Current Hyundai Owners
3-Month Deferred Payment
Hyundai is offering some relief to current customers who are paying off car loans. With the Global Health Crisis Relief program, any current customer who loses a job or experiences medical troubles due to COVID-19 from March 14 to April 30, 2020, may qualify for deferred payments (in monthly increments) for up to three months. To qualify for this program, customers must show proof of job loss and can’t be 90 days behind in their payments.
For Prospective Hyundai Buyers
4-Month Deferred Payment
For those drivers that wish to purchase a new Hyundai but are experiencing hardship due to the recent world events, Hyundai Motor Finance is offering 0% APR financing and four months of deferred payments on select vehicles purchased from March 26 to April 30, 2020.
6-Month Payment Relief
In addition, Hyundai Assurance will cover up to six months of payments for new owners who lose their jobs during the year 2020 due to the COVID-19 pandemic. To qualify, drivers must have purchased or leased their Hyundai vehicles between March 14 and April 30, 2020.
For full details on the terms of these programs, you can check the Hyundai Assurance Job Loss Protection page. You can also view the TV spot the brand is running to better explain the financial reliefs and incentives. At James Hodge Hyundai we are here to help. If you want to get informed about our current Hyundai offers, call us our message our team online and we will be happy to answer all your questions.