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F&I Product Provider Launches Payment Protection Solution for All Financed Vehicles

April 8, 2009

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 for both new- and used-car purchases. 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.

For more information, please contact your servicing agent or call Prevent-A-Theft and Motor Dealer Services Group at 800-854-6223, or email@motordealerservices.com. The program is not available in California.

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