GM, Ford, and Hyundai Payment Protection Plans 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 ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides 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
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid