Yep, no kidding…if you buy a Hyundai and lose your job within the first year of owning it, they will take the car back off your hands:
“If you find that you cannot make your payment because of a covered life changing event, we’ll allow you to return your vehicle and walk away from your loan obligation – and in most cases we will cover most, if not all of the difference,” the carmaker’s Web site says.
I see this as both a good and a bad thing – bad because if you lose your job, won’t you still need a car to get around? But it’s also good because if you cannot afford the car anymore, at least you won’t go into more debt or damage your credit with late payments and the like. Plus, it won’t get repossessed this way. Who knows…what do you think?