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GM, Ford, and Hyundai Payment Protection Plans To End Soon

May 28, 2009

The payment protection plans currently being offered by GM, Ford, and Hyundai look like they're about to end soon.

GM currently provides 9 months of payment protection up to $500 per month if you lose your job after purchasing. Ford offers 12 months of payment protection while Hyundai offers to take back the car if you lose your job.

The GM and Ford plans have an expiration date of June 1st while Hyundai's will end June 30th. It doesn't look like any of them will renew the offer but we'll keep you updated if they do. In the meantime, if you're considering one of these vehicles and you're worried about losing your job, you need to act quick. (Although, if you fear for your job, you probably shouldn't be considering buying a new car right now).

My Recommendation for Car Shoppers

TrueCar and RydeShopper are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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Gregg Fidan

About: Gregg Fidan


Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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