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article imageHyundai to defer payments owed by government workers

By Andrew Ellis     Oct 3, 2013 in Business
It's unclear how long the government shutdown is going to last. If you're a government worker and own a Hyundai, however, you can breathe a little sigh of relief.
According to USA Today, Hyundai has announced that it's beginning a payment deferral program for customers who are out of work due to the partial shutdown of the government.
The company said that government workers who buy or lease cars this month won't have to start making payments until January, according to ABC News. Those workers who already own a Hyundai that's "financed through the company" won't have to make payments until they go back to work.
CNN said that the deferral program will also be available to those who work for a government contractor, but "only direct employees of the federal government" will be able to put off payments of new purchases.
In a statement, according to USA Today, Hyundai Motor America CEO John Krafcik said:
"We recognize the impact on family budgets that the furlough will drive. 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."
This program, according to CNN, is very similar to the program launched during the The Great Recession of 2009. With that program, Hyundai offered to buy its cars back from customers who had lost their jobs, and had purchased a Hyundai within a year. They also offered to take care of customer's car payments for three months so the owner could keep the car.
USA Today reported that the program is available to any government worker who financed their car through Hyundai Finance America.
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