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Hyundai to defer payments for federal workers

[October 02, 2013]  COSTA MESA, Calif. (AP) -- Hyundai is offering to defer new-car payments for 800,000 workers who have been furloughed due to the partial U.S. government shutdown.

The company says workers who buy or lease cars this month won't have to make payments until January. Those who already own a Hyundai financed through the company won't have to make payments until they go back to work.

Hyundai won a lot of good publicity four years ago when it offered U.S. customers who lost their jobs the chance to return their new cars for a refund. The Hyundai Assurance program boosted sales at a low point in the economic downturn.

The automaker says the program for government workers helps them at a time they need it most.

[Associated Press]

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