Hyundai Gets Rid of Assurance Program

Its 10-year/100,000-mile powertrain warranty and five-year/60,000-mile limited warranty are longer than what any other automaker offers.

However, it looks like the end of the road for the Hyundai Assurance Program.

The program allowed Hyundai owners who lost their jobs to return their vehicle if they owned it for two years or less.

Why is the program disappearing? Hyundai claims that while joblessness in the U.S. remains a serious economic problem, it has been decreasing and is no longer a concern of the vast majority of new-car buyers.

Plus, since 2009, only 350 Americans have taken advantage of the program.

The Hyundai Assurance Program ended March 31, 2011.