Lost Your Job? Hyundai Will Buy Your Car Back!

Car dealers are desperate for business, and many are getting creative (like this free gun when you buy a car offer). Korean automobile maker Hyundai is trying a new approach. It'll take your car back (most of the time) if you have a "life changing event," like getting fired from your job:

Hyundai has begun to promote a new program that claims that “if you cannot make your payment because of a life changing event, we’ll allow you to return your vehicle and walk away from your loan obligation - and in most cases, we will cover most, if not all of the difference”. This program is good up to one year, post purchase, and at least two payments must be made in order for it to become effective. But is it a good deal?

20SomethingFinance blog has more: Link | Article at CNN


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i've had several hyundai's over the years, and they are wonderful cheap transportation. if i wasn't already laid off, i'd totally take advantage of this promotion, if the price was right. word to the wise: do NOT buy a chevy aveo! if i wasn't broke, i'd dump it in a heartbeat. only american made car i've ever owned, and a huge headache.
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