HENDERSON, Nev. — Prevent-A-Theft and Motor Dealer Services Group, a
nationwide provider of finance and insurance (F&I) products, is now
offering an Unemployment Protection Program that will help make payments for
both new- and used-car purchases in the event a buyer becomes involuntary
unemployed. The program is available for all financed purchases for all brands
and lenders.
In January, Hyundai released its Hyundai Assurance Program,
which offered consumers a 12-month vehicle return program. Since then, the automaker
temporarily expanded the program to include up to three months of payments. While
auto sales fell 37.1 percent industry wide in January, Hyundai’s incentive
program was credited in large part with boosting the brand’s U.S. sales to 24,512
units in January, a 14.3 percent increase from a year ago.
Now battling the same declines, General Motors and Ford
Motor Co. are offering programs to make car payments for customers who lose
their jobs. With both the GM Total Confidence Program, and the Ford Advantage
Plan, the dealers are restricted to new GM and Ford vehicles only.
With the Prevent-A-Theft and Motor Dealer Services Group’s Unemployment
Protection Program, dealers can cover either new or used vehicles sold with
finance plans. The Unemployment Protection payments can be made directly to the
customer’s lender or directly to the customer to do with as they please. The
program is insured by a nationally recognized insurance company with an AM Best
A rating.
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