Comments on: Hyundai Will Take Back Your Car For Free If You Lose Your Job. http://www.mytwodollars.com/2009/01/05/hyundai-will-take-back-your-car-for-free-if-you-lose-your-job/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Craighttp://www.mytwodollars.com/2009/01/05/hyundai-will-take-back-your-car-for-free-if-you-lose-your-job/#comment-30921 Craig Tue, 06 Jan 2009 20:40:17 +0000 http://www.mytwodollars.com/?p=1849#comment-30921 I agree wit Ashley, the fine print is probably very small. Great promotion on their part, but too many people may be fooled to thinking this promotion is a safety net if something goes wrong. There are probably a lot of things that would have to happen for you, tons of paperwork, and then over time maybe help you out. Nothing is as good as it can seem. I agree wit Ashley, the fine print is probably very small. Great promotion on their part, but too many people may be fooled to thinking this promotion is a safety net if something goes wrong. There are probably a lot of things that would have to happen for you, tons of paperwork, and then over time maybe help you out. Nothing is as good as it can seem.

]]> By: Ashley @ Wide Open Wallethttp://www.mytwodollars.com/2009/01/05/hyundai-will-take-back-your-car-for-free-if-you-lose-your-job/#comment-30913 Ashley @ Wide Open Wallet Tue, 06 Jan 2009 16:09:55 +0000 http://www.mytwodollars.com/?p=1849#comment-30913 I would be interested in reading the fine print. I have to assume there are some flaming hoops to jump through. I doubt you just walk in, say you got laid off, and hand over your keys. I would be interested in reading the fine print. I have to assume there are some flaming hoops to jump through. I doubt you just walk in, say you got laid off, and hand over your keys.

]]> By: davidhttp://www.mytwodollars.com/2009/01/05/hyundai-will-take-back-your-car-for-free-if-you-lose-your-job/#comment-30908 david Tue, 06 Jan 2009 14:34:20 +0000 http://www.mytwodollars.com/?p=1849#comment-30908 Yes, but if they take it back this way, there is no damage to your credit and they pay the difference between what is owed and what the car is worth. Yes, but if they take it back this way, there is no damage to your credit and they pay the difference between what is owed and what the car is worth.

]]> By: plonkeehttp://www.mytwodollars.com/2009/01/05/hyundai-will-take-back-your-car-for-free-if-you-lose-your-job/#comment-30904 plonkee Tue, 06 Jan 2009 12:28:00 +0000 http://www.mytwodollars.com/?p=1849#comment-30904 I'm not sure I see the downside for the consumer. If you want to keep the car, you just keep making the payments. Maybe I don't really understand what the position is for other cars? I assumed that if you couldn't make the payments they would repossess the car, and chase you for the rest of the money you owe (assuming you are upside down on the car). I’m not sure I see the downside for the consumer. If you want to keep the car, you just keep making the payments. Maybe I don’t really understand what the position is for other cars? I assumed that if you couldn’t make the payments they would repossess the car, and chase you for the rest of the money you owe (assuming you are upside down on the car).

]]> By: davidhttp://www.mytwodollars.com/2009/01/05/hyundai-will-take-back-your-car-for-free-if-you-lose-your-job/#comment-30900 david Tue, 06 Jan 2009 02:39:23 +0000 http://www.mytwodollars.com/?p=1849#comment-30900 That's pretty bold too! Marketing ploy or not, I think it might get them a few customers for sure. That’s pretty bold too!
Marketing ploy or not, I think it might get them a few customers for sure.

]]> By: Ron@TheWisdomJournalhttp://www.mytwodollars.com/2009/01/05/hyundai-will-take-back-your-car-for-free-if-you-lose-your-job/#comment-30899 Ron@TheWisdomJournal Tue, 06 Jan 2009 01:56:56 +0000 http://www.mytwodollars.com/?p=1849#comment-30899 THAT's a bold move. Wow. Could be a brilliant marketing ploy, though. Back when I worked in collections on mobile homes, we would require a 12 month recourse from dealers selling them to poor credit people. It sounds kinda similar. Funny thing though, the dealers would secretly make the 11th or 12th payment if the people fell behind. That way they would be out a couple of hundred dollars rather than tens of thousands. It was against the TOS, but it happened a lot. THAT’s a bold move. Wow.
Could be a brilliant marketing ploy, though.

Back when I worked in collections on mobile homes, we would require a 12 month recourse from dealers selling them to poor credit people. It sounds kinda similar. Funny thing though, the dealers would secretly make the 11th or 12th payment if the people fell behind. That way they would be out a couple of hundred dollars rather than tens of thousands. It was against the TOS, but it happened a lot.

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