Hyundai First to Guarantee "Cash for Clunkers" Vouchers

They recently added a $1.49 per gallon gas incentive to their Assurance Program. Now they're the first to guarantee the cash for clunkers vouchers.

We reported last week to watch out for cash for clunkers scams where some dealers are falsely guaranteeing the vouchers if you buy now. The program doesn't officially start until July 23, 2009, so we recommended waiting until then.

Now Hyundai is guaranteeing the vouchers and will back dealers who accept a cash-for-clunkers trade-in. This is a smart move because it allows those who have a qualified trade-in to not have to wait until July 23rd. We expect other manufacturers to follow Hyundai's lead and offer the same guarantee in the coming days.

If you've been thinking of buying a Hyundai and you have a cash for clunkers trade-in, now is the time to buy.