Hyundai bails you out
Hyundai is the first automaker to offer a vehicle return program in the U.S. that allows you to walk away from your loan or lease without having to worry about negative equity. It lets you return your vehicle in case of certain life-altering circumstances.
Which could come in handy if next week you go buy that Elantra Touring you wanted and next month they ship your job to Mumbai.
This isn’t unheard of — in fact, Hyundai is adapting a package called “Walkaway” which has been offered by individual dealerships before — but between this and their 10-year warranty, Hyundai is presumably wanting to be your no-sweat car company.
(Seen here.)
Disclosure: I bought the four-year Walkaway package as part of the Gwendolyn acquisition, at a price of $489; I could have had the one-year deal as a throw-in. I have no idea what Hyundai is paying for bulk one-year coverage, or whether vehicle price is at all a factor.
