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A Decade Ago Hyundai pioneered America's Best Warranty™ to show you the
faith we have in our cars. Today, in addition to our warranty, we're introducing
Hyundai Assurance, to show you the faith we have in you. Right now, buy or
lease any new Hyundai, and if in the next year you lose your income*, we'll let
you return it. Thats the Hyundai Assurance!
Overview
Hyundai is the first automaker in the US to offer a vehicle return program that allows
you to walk away from your loan or lease without having to worry about negative equity.
It lets you return your vehicle in case of certain life-altering circumstance.
Thats the Hyundai Assurance!
Program details
- Available on all new Hyundai vehicles.
- Available to everyone regardless of age, health, or employment history.
- 12 months complimentary on every new Hyundai vehicle financed or leased.
- Covers up to $7500 in negative equity.
Coverage in case of:
- Involuntary unemployment
- Physical disability
- International employment transfer
- Self-employed personal bankruptcy
- Accidental death
How it Works
1) You file a benefit request with Hyundai Assurance.
2) Your benefits specialist will determine the value of your vehicle
based on the average of your dealer's appraisal and the values from leading
indusrty guides.
3) Provided you have made at least two scheduled payments on your loan or lease, you
pay the amount above the Hyundai Assurance benefit (if anything) and any car
payments that were due prior to you filing for the benefit.
4) After such payment (if any) and upon benefit approval, you return the vehicle to the
selling dealer.
5) You walk away without further financial obligation or negative impact to your credit!
Starting today you can feel good about buying a car, despite these current times.
If you find that you cannot make your payment because of a covered 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.
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