As the concerns and threats of the novel coronavirus continue to spread, the worries surrounding new essential purchases are growing. Those in need of a vehicle may be wondering how they will be able to afford a new vehicle during these trying times.
To help ease the burden of a new vehicle purchase, Hyundai Motor Finance is offering shoppers temporary relief programs. Such programs include deferred payments and payment relief. We have outlined the current offerings below.
Shoppers looking to purchase a new vehicle during these challenging times are able to get relief with 0% APR financing and four months of deferred payments. This offer is available on select new Hyundai vehicles purchased before April 30.
Job Loss Payment Relief
Hyundai Assurance will cover up to six months of vehicle payments for Hyundai owners who lose their jobs due to the coronavirus. Owners must have purchased or leased their Hyundai vehicle between March 14 and April 30, 2020 in order to receive relief.
Global Health Relief Program Works with Current Owners
With the help of the brand’s Global Health Crisis Relief Program, Hyundai Motor Finance is able to defer the payments of current owners who have lost their jobs or experienced medical-related hardships related to COVID-19 before April 30, 2020 for up to three months in a series of one-month increments. To qualify for deferment, lease and retail customers must not be more than 90 days behind on payment and they must provide unemployment insurance documentation. Additional restrictions may apply.
Hyundai of Mankato is Here to Help
Our team at Hyundai of Mankato is taking steps towards streamlining the vehicle purchase process during these challenging circumstances. We are currently offering at-home test drives and providing video walkarounds of in-stock vehicles to help make your buying decision easier. For additional information about the steps we are taking at Hyundai of Mankato or the services we are currently offering, contact a member of our team today.