Hyundai Car Payments Deferred for Federal Employees

Jason Siu
by Jason Siu

Federal employees furloughed because of the U.S. government shutdown are getting a little mercy from Hyundai.

The Korean company is offering affected customers a payment deferral program to ease the blow. The latest addition to the Korean automaker’s Assurance program will defer all auto loan and lease payments during the government shutdown for current Hyundai owners who are furloughed. Furloughed employees who wish to purchase a vehicle this month will be offered a 90-day payment deferral.

It is estimated that over 800,000 workers will not be paid during the shutdown.

“We recognize the impact on family budgets that the furlough will drive,” said John Krafcik, president and CEO of Hyundai Motor America. “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.”

Discuss this story at Hyundai-Forums.com

Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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  • Smartacus Smartacus on Oct 02, 2013

    WHOAH! where did this bad decision come from?????????????? Hyundai just picked sides against THOUSANDS of non-government workers. Hyundai is helping TEMPORARILY furloughed government workers but not helping thousands of non-government employees right now being PERMANENTLY converted to part-time status as a direct result of the original cause of the shutdown. NTM this must hurt non-government workers who bought Hyundais before losing their jobs in these last couple of years. I wonder if any of them got the double whammy of losing their credit rating and losing the car.

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