Hyundai Assurance Adds Dimension with Federal Employee Payment Deferral Plan

Hyundai announced yesterday that it will be adding another dimension to its Assurance program by launching a new payment deferral program that will help federal employees furloughed during the government shutdown. Hyundai is extending all auto loan and lease payments in the midst of the shutdown for current Hyundai owners who are furloughed.

Current owners will be given relief to the entire duration that they're out of work -- furloughed employees who wish to buy a car in October will also be offered a 90-day payment deferral.

"We recognize the impact on family budgets that the furlough will drive," said President and CEO of Hyundai Motor America John Krafcik in the Hyundai press release. "Like we did almost four years ago when we launched  Hyundai Assurance, this is our way of saying 'we've got your back' during this uncertain time."


All information via the Hyundai press release, images via Ron Carter Hyundai and CNN