Q

My wife and I share a car. Can we request a benefit if one of us loses our job, even if the other one remains employed?

A

There can only be one protected person under each Hyundai Assurance certificate.
 

Q

Will returning a car, thanks to a payable Hyundai Assurance benefit , damage my credit rating?

A

NO. The return of a vehicle with Hyundai Assurance is not a credit default. It merely represents your exercise of your privileges under the program. As a result, Hyundai Assurance protects both your credit rating AND your savings.
 

Q

If my son is listed as co-buyer on my contract, can he receive the complimentary coverage or agreement/contract?

A

Hyundai Assurance only covers the primary buyer on the vehicle contract or lien. The covered individual must be the individual listed as the primary buyer.
 

Q

Is returning a vehicle due to a qualifying Hyundai Assurance benefit considered a voluntary repossession?

A

NO. The return of a vehicle resulting from a paid benefit is considered an early pay out of your loan or lease. It's not considered a voluntary repossession and doesn't adversely impact a consumer's credit rating in any way. HOWEVER, RETURNING YOUR VEHICLE PRIOR TO BENEFIT APPROVAL WILL BE CONSIDERED A VOLUNTARY REPOSSESSION BY YOUR LENDER AND CAN IMPACT YOUR CREDIT SCORE NEGATIVELY.