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Hyundai Brings Assurance Program to Puerto Rico

September 08, 2009

CATAÑO, Puerto Rico & DALLAS — Hyundai de Puerto Rico and WALKAWAY USA LLC, a division of EFG Companies, struck a private label agreement to extend the Hyundai Assurance program to Puerto Rico.

Under the new agreement, the 12-month vehicle return program is provided complimentary on every new Hyundai sold at Hyundai dealerships in Puerto Rico. The program is available to any consumer, regardless of age, health, employment history or amount financed and applies to all vehicle models sold by participating Hyundai dealers. Hyundai Assurance can safeguard consumers’ finances and credit rating in the event the vehicle needs to be returned, providing protection from financial shortfalls that arise from vehicle depreciation (negative equity) up to $7,500.

Covered circumstances for Hyundai Assurance include:

  • Involuntary unemployment
  • Physical disability
  • Loss of driver's license due to medical impairment
  • International employment transfer
  • Self-employed personal bankruptcy
  • Accidental death

“Hyundai Assurance has been a tremendous success throughout the United States, helping Hyundai gain significant market share while providing consumers with the confidence to make a vehicle buying decision,” said Victor Quintero, president and CEO of Hyundai de Puerto Rico. “We are excited to work with WALKAWAY USA to extend this popular program to Puerto Rico as it gives our customers that same confidence when purchasing our vehicles so that they may sleep well at night.”

Since January 2009, the Hyundai Assurance program has been offered to customers in the U.S. exclusively by WALKAWAY USA for Hyundai Motor America. WALKAWAY USA is a wholly owned subsidiary of EFG Companies, a Dallas-based, national performance management company serving the retail automotive industry.

For more details on the Hyundai Assurance program, please visit http://hyundaiassurancepr.walkawayusa.com/.

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