Hyundai Allowing New Buyers To Walk Away Scott-Free From Their Car Payments If They Lose Their Jobs?

Hyundai is now beginning to take the lead instead of just following... i'm impressed. I never expected to consider a Hyundai a decent vehicle but i was proved wrong. They have made an amazing turnaround and deserve to be congratulated.

— zairnaim (View Profile)

Posted on 1/3/2009 6:21:12 PM | reply to this comment | Votes: 5   

Get into the much fine details, and they cover only up to $7,500.00 benefits. This promo is also offered by GM dealers using an outsourced finance/insurance company called "ING" and they promote "Walkaway Insurance"...Not much here, other than great marketing, that's or sure!

— BigShow50 (View Profile)

Posted on 1/3/2009 6:54:36 PM | reply to this comment | Votes: 2   

Okay, looks like we have another troll pop up. 001, is it possible to create a feature that allows registered users to block a particular user from being seen? If you need help coding it, I'm more than willing to help!

— jeffy210 (View Profile)

Posted on 1/3/2009 7:43:44 PM | reply to this comment | Votes: -1   

Now what fun would that be???

-00J

— Agent00J (View Profile)

Posted on 1/3/2009 7:49:39 PM | reply to this comment | Votes: 2   

LexusBeautyQueen

Do you perchance happen to now Houston Cutie?

— theoptimisticpessimist (View Profile)

Posted on 1/4/2009 1:17:07 AM | reply to this comment | Votes: 0   

LBQ you just keep on keepin on! Don't let these posers spoil your fun. Thank you for taking the time to introduce yourself.

Most of these guys sit here and spout their opinions like they'll ever be able to afford one of these cars. They do it because they're lacking a little something between their legs and this comforts them. BTW, what is it about the Lexus you like most?

— Kthorn (View Profile)

Posted on 1/4/2009 1:25:36 PM | reply to this comment | Votes: -3   

Looks like Hyundai is ignoring the recession, anyways I like what they are doing...and it should get more people into their showrooms. Who knows maybe it can help them be recession-proof?

— BlakuraTLS (View Profile)

Posted on 1/3/2009 7:57:16 PM | reply to this comment | Votes: 2   

Now thats how you bring people in that are on the fence about buying. Nice job

— db350z (View Profile)

Posted on 1/3/2009 7:59:37 PM | reply to this comment | Votes: -1   

This deal only benefit Hyundai, unless they are giving back the 30% down.

— monkeyrun (View Profile)

Posted on 1/3/2009 9:59:38 PM | reply to this comment | Votes: 0   

Seems to me Hyundai are really hurtin'.

Hyundai should go to church and pray the Hyundai Genesis doesn't fail.

— EL34 (View Profile)

Posted on 1/3/2009 10:13:11 PM | reply to this comment | Votes: -2   

it's not just losing your job. there are other considerations.

— olscuul (View Profile)

Posted on 1/3/2009 11:29:48 PM | reply to this comment | Votes: 0   

Costs the same if not more for them to repo the car so they're making the best of a possibly crappy situation (if someone can't pay, what's Hyundai going to do beyond taking the car back?).
This marketing blitz is a better way to move your cars off the lot, if you don't, the same people will probably be driving off in a GM instead.

— huu76 (View Profile)

Posted on 1/4/2009 12:36:02 AM | reply to this comment | Votes: -2   

I believe Saturn did this a few years back, or it was just a make you warm and fuzzy commercial.

— huu76 (View Profile)

Posted on 1/4/2009 12:36:30 AM | reply to this comment | Votes: -3   

BMW should totally do this. I can't imagine anyone walking away from their Bimmer, even if I lost my job I would never walk away from my Bimmer. It would like totally work for them, not to mention their sales would destroy Hyundai's if they did.

— Kthorn (View Profile)

Posted on 1/4/2009 1:53:05 AM | reply to this comment | Votes: -9   

More desperation on Hyundai's part
People aren't moving on Genesis
Sales are down for the 4th straight year
TRaffic is lower, even with an all-new lineup
They try to go below 0%
Doesn't cheapen the brand at all
Why commit to us?
We're only Hyundai!
DrFill

— TheRealDrFill (View Profile)

Posted on 1/4/2009 9:42:47 AM | reply to this comment | Votes: 4   

Yeah, it's called a marketing scam.

Snake oil!

A Ponzi scheme!

I'd feel like a misfit driving a Hyundai :o

— EL34 (View Profile)

Posted on 1/4/2009 12:53:47 PM | reply to this comment | Votes: 2   

smokefreak,
Who's copied Hyundai's 100KM warranty besides GM (or is it vice versa)?

Hyundai gives you 5/100K for powertrain and parts.
http://www.capitalmotors.com/warranty.php

Toyota hasn't felt the need to offer this, they still do the 3/60K warranty (100K for the powertrain.
http://www.toyota.ca/cgi-bin/WebObjects/WWW.woa/30/wo/Home.Owners.Warranty.NewVehicle-FBZ4jcjkDODVHJKER7fia0/7.7?o200190e%2ehtml

My Jeep offered 100K km powertrain warranty back in 2004. Right now Jeeps only offer 3/60K km warranties (100 for the powertrain).

I think Hyundai HAS to offer this warranty to get people to look at them.

— huu76 (View Profile)

Posted on 1/4/2009 11:50:58 PM | reply to this comment | Votes: 1   

parts warranty = bumper to bumper

Hyundai is the only company that I know of who has 100K bumper to bumper.

I'm not even sure if GM even offers the 6/120K km powertrain anymore.

— huu76 (View Profile)

Posted on 1/4/2009 11:52:44 PM | reply to this comment | Votes: 0   

Hyundai will build loyalty from this move. Maybe not from the Hyundai haters. It's a statement of confidence.

10/100 bumper to bumper warranty offered
+
Walkaway insurance
=
sane purchase from a company that plans on being around for the customer for a while

they could take it a step further and declare that they don't need customers, start begging for handouts from the government. Hyundai is not so extreme apparently.

— dodgedart (View Profile)

Posted on 1/5/2009 1:41:09 AM | reply to this comment | Votes: 0   

Just like the POS car they sell,look below the surface and you find crap.

— truthpursuit (View Profile)

Posted on 1/5/2009 1:49:41 PM | reply to this comment | Votes: 3   

smokefreak,
100,000 mile warranties? Care to prove that these are bumper to bumper warranties and not powertrain warranties? Guess what, the industry had 100K powertrain warranties long before Hyundai "pioneered" it.
2008 Fords only have 3yr/36K bumper to bumper.

Perhaps you should read my posts again.

Toyata is really considering upping their warranties? Better let them know that because they advertise a "minimum" of 12 months, 20,000km warranties. Not exactly desperate now are they?
http://www.toyota.ca/cgi-bin/WebObjects/WWW.woa/1/wo/Home.CUV-Hw5CJEQBrpqSSmHJ73v7P0/2.13.7.11.0.7.5

Just as an aside, check out the financing rates on used Toyotas on the right side of the page. 8.65% and up. Let's see Hyundai command anything remotely close to this, they can't even get that on a new car.

— huu76 (View Profile)

Posted on 1/5/2009 7:05:48 PM | reply to this comment | Votes: 1   

btw freakshow,
Yes, I am Chinese but I wasn't born in China.
I guess the Chinese are so stupid that one in Maryland discovered a way to reverse cell development to "MAKE" stemcells from mature cells.
Another Chinese fellow in NY developed the multi-touch touchscreen (the nifty thing on CNN).

As for my commie cousins, here's a top 10 list from 1999. Not bad for a country that's also new money like Korea.
http://english.peopledaily.com.cn/english/200001/18/eng20000118T125.html

China is only the 3rd nation to have a true space program.

I guarantee you that atleast 1/3 of research for NASA, Raytheon, RIM, IBM etc is done by naturalized and landed Chinese immigrants.

Lastly, Koreans spell car "BMW", I'd be surprised if Hyundai could even sell cars in Korea. Not sure what it is they're trying to make up for or ashamed about but even the Japanese are perfectly content driving a Ford.

There's more to life than money and new cellphones. I'm a proud owner of a Jeep, a real SUV, not some prairie belle BMW Sports Activity whatever.

— huu76 (View Profile)

Posted on 1/5/2009 7:18:11 PM | reply to this comment | Votes: 1