Hyundai’s “Return” Program
January 5th, 2009Hyundai launched a program last Friday that allows customers that purchase their cars to return them to the dealer if they have problems making payments. Sounds crazy, right? Well, I would think so too, if I hadn’t seen an article about it on Autoweek.com. Hyundai is trying to get buyers that have been too nervous during this economic crisis to purchase a vehicle to do so. How the program works is as follows: Hyundai will cover the depreciation on a returned leased or financed vehicle for those people that find themselves unable to make their car payments. Now, before you run out to buy a Hyundai, there are stipulations to why you can’t make the payments. The reason has to be beyond your control. For instance, losing your job, becoming disabled, or losing their drivers license for medical reasons. Another stipulation is that you must have made at least 2 payments and Hyundai will only refund the depreciation on the returned vehicle up to $7500. This program is also only good for the first 12 months of leasing or financing. I want someone to actually participate in this “return program” and see if it works out as Hyundai says.




