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Description

We know that these are difficult times and Hyundai Motor America (HMA) is working hard to support our family of dealers and customers.  HMA will be launching a suite of support programs for our dealers, current Hyundai Owners and future Hyundai customers.  Details of each program will be communicated and posted as appropriate for each channel.

 To begin, HMA is reinstating its Assurance Job Loss Protection program to support customers affected by the uncertain business and financial environment created by the coronavirus (COVID-19) pandemic. Starting March 14, 2020 and continuing through April 30, Hyundai will make up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle through Hyundai Capital.  This resurrection of the extremely successful program from 2009 should help to give our customers peace of mind during these trying times.

 In conjunction with Hyundai Assurance Job Loss Protection, Hyundai Motor America (HMA) and Hyundai Motor Finance (HMF) are pleased to announce 90-day deferred payments effective March 14 through April 30, 2020 on the vehicles listed below.

 In addition, due to COVID-19 impacts, HMA will postpone the following programs and or program changes:

  1. STAR – Postponed. The STAR Program changes to CXI scores will be postponed until further notice.  HMA is considering reducing volume tier levels in April and will communicate these prior to month end.
  2. DPB – Appropriate actions on payments, objectives and backstop provisions will be announced prior to month end.
  3. CX/Earnback – Postponed. Earnback will remain at $400/vehicle retailed until further notice.

And, Hyundai Motor Finance will provide the following assistance to dealers over the next 60 Days:
(Details will be shared in subsequent HMF Bulletins)

  1. 2x Flex dollar multiplier (effective immediately for 60 days)
  2. Deferred Floorplan interest (April / May)
  3. Waive curtailments (April / May)

 

90-Day Deferred Payment on HMF Low APR Programs:

  • 20MY Accent: 0% for 48 PLUS No Payments for 90 Days
  • 19MY Elantra: 0% for 72 PLUS $500 PLUS No Payments for 90 Days
  • 20MY Elantra: 0% for 72 PLUS No Payments for 90 Days
  • 19MY Elantra GT: 0% for 60 PLUS No Payments for 90 Days
  • 20MY Elantra GT: 0% for 60 PLUS No Payments for 90 Days
  • 19MY Sonata: 0% for 60 PLUS No Payments for 90 Days
  • 19MY Sonata HEV: 0% for 60 PLUS No Payments for 90 Days
  • 19MY Sonata PHEV: 0% for 60 PLUS No Payments for 90 Days
  • 20MY Sonata – Coming Soon.
  • 20MY Venue: 0% for 36 PLUS No Payments for 90 Days
  • 20MY Kona: 0% for 60 PLUS $500 PLUS No Payments for 90 Days
  • 19MY Tucson: 0% for 72 PLUS $1,000 PLUS No Payments for 90 Days
  • 20MY Tucson: 0% for 60 PLUS $500 PLUS No Payments for 90 Days
  • 20MY Santa Fe: 0% for 60 PLUS $500 PLUS No Payments for 90 Days

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