Your Hyundai dealer near Somerville knows that hard economic times hit everyone. Just because you still have your job today doesn’t mean that you’ll have it tomorrow. Disasters happen, and the last thing you need when it does is to wind up ruining your credit rating due to being unable to pay on your Hyundai vehicle.
The Hyundai Assurance program is designed for when those dire circumstances happen. Under this program, you can return a new Hyundai within one year under certain circumstances, without a penalty. Some of the circumstances include things like being laid off, getting transferred internationally, or becoming physically disabled. Even bankruptcy for a self-employed person qualifies you for the program.
Under the program, you can simply return the vehicle to Hyundai. You would fill out a benefit request with Hyundai, and your credit rating would not be negatively affected for returning the vehicle. You won’t owe any more on the vehicle, and you simply stop making payments on the vehicle.
This program comes at a time when it’s sorely needed. While no one who buys a new car expects to be out of work within a year, it’s nice to know that this program is available if it does happen.
