Hyundai Gives Car Payment Breaks to Furloughed Government Workers

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Auto Sales Hyundai
AP
With no end in sight to the government shutdown, Hyundai is stepping up to provide a little relief to government employees victimized by Washington's partisan gridlock.

The Korean automaker said Tuesday that it's implementing a plan that will let Hyundai owners defer payments on their cars if they've been put out of work by the government shutdown. Under the plan, current Hyundai owners who have been furloughed may defer payments for the duration of the shutdown. And any furloughed government worker who buys or leases a new Hyundai this month won't have to make any payments until January. Obviously, this will only be an option if you've financed your car through Hyundai Finance America; if you financed your car through another bank, Hyundai has no say in when you make payments.

The furlough relief is an extension of the Hyundai Assurance program, which was implemented four years ago and gave Hyundai owners the option of returning their car for a refund if they lost their job during the recession.

About 800,000 federal workers are currently out of work and without pay while House Republicans hold the budget hostage. And while Hyundai's promotion is, by and large, a publicity stunt, it will certainly come as a relief to any of those 800,000 who were looking at an impending car payment on a Hyundai and wondering how they were going to cover it.

Hyundai is only deferring the payments, not canceling them, so once the government reopens for business, the workers will need to make the payments they missed. That shouldn't be a problem if they wind up getting retroactive pay for their time out of work, which was the case after the last government shutdown. However, that isn't assured this time around. While nine House Democrats and three House Republicans have already put a bill on the table to guarantee those workers get their back pay, some congressional Republicans who lean further to the right don't seem convinced that it's a good idea.

Matt Brownell is the consumer and retail reporter for DailyFinance. You can reach him at Matt.Brownell@teamaol.com, and follow him on Twitter at @Brownellorama.

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41 Comments

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Jason Weishaupt

I have a Toyota but I am one year ahead on payments. So no deal for me.

October 08 2013 at 4:27 PM Report abuse rate up rate down Reply
Colonel Weierman

So poor furloughed workers get a break on car payments. Pffffffttttttt!
What about all the cars that were repossesed from the unemeployed? Hipocrites

October 03 2013 at 11:00 AM Report abuse -1 rate up rate down Reply
pdbliz

GOVERMENT IS NOT FAIR FROM THE GET GO.!!!!!!!

THIS IS TO HURT YOU,,,DIRECT FROM WASHINGTON.....

October 03 2013 at 9:07 AM Report abuse -1 rate up rate down Reply
ectullis

That isn't fair to everybody else

October 03 2013 at 8:15 AM Report abuse +2 rate up rate down Reply
voyagerdjc248

While nine House Democrats and three House Republicans have already put a bill on the table to guarantee those workers get their back pay,
" some congressional Republicans who lean further to the right don't seem convinced that it's a good idea."

But those same republicans are getting their own pay, now aren't they? It is just the peasants who do not deserve to be paid. Why on earth do people vote against themselves by voting for a republican??

October 03 2013 at 6:09 AM Report abuse +2 rate up rate down Reply
1 reply to voyagerdjc248's comment
Colonel Weierman

where did you get that info? HP?

October 03 2013 at 11:01 AM Report abuse -1 rate up rate down Reply
Tom Harrell

The Koreans care MORE about American Workers then the American CONGRESS ? ? ? ?------------------That's a Fine kettle of STINKY FISH.

October 03 2013 at 2:12 AM Report abuse +2 rate up rate down Reply
2 replies to Tom Harrell's comment
pdbliz

NO,,,IT IS JUST GOOD BUSSINESS...

October 03 2013 at 7:52 AM Report abuse rate up rate down Reply
hugh_geenormous

Just more than gm & chrysler

October 03 2013 at 12:12 PM Report abuse rate up rate down Reply
jimbo1350

Hyundai'd be way down the list of auto companies if it wasn't for guvmint workers buying foreign iron.

October 03 2013 at 1:08 AM Report abuse -3 rate up rate down Reply
rondonit

Thumbs up

October 02 2013 at 11:25 PM Report abuse rate up rate down Reply
Ken Shoemaker

You have to be financed through Hyundai to get this payment deferred??? They are working both sides of this situation. First the positive PR they get out of this deferring program looks great to the average person reading this. Second they still collect extra INTEREST off the loan by deferring the loan payment by 1 or 2 months. Way to go Hyundai!!!!! Hopefully you pass along this extra money you make to your share holders and employees.

October 02 2013 at 10:59 PM Report abuse +2 rate up rate down Reply
1 reply to Ken Shoemaker's comment
pdbliz

THANK YOU,,,,SOME LOW MINDED PEOPLE CAN NOT SEE THIS....

October 03 2013 at 7:53 AM Report abuse rate up rate down Reply
1 reply to pdbliz's comment
johnjhenry1

like yourself typing in all caps

October 03 2013 at 9:52 AM Report abuse rate up rate down
j445r

How about Gov't Motors and Chrysler. Are they still up and running. They should be closed since they are taxpayer funded.

October 02 2013 at 10:23 PM Report abuse -1 rate up rate down Reply
1 reply to j445r's comment
GRANCON2

they paid the $ back years ago early you must have been sleeping

October 03 2013 at 9:44 AM Report abuse rate up rate down Reply
1 reply to GRANCON2's comment
hugh_geenormous

But we 're still billions upside down in stock value with the shares the UStreasury still owns.

Let us know when you wake up.

October 03 2013 at 12:14 PM Report abuse rate up rate down