Hyundai of North America is extending its capital auto loans and lease payments to help US government workers.
The payment shutdown caused by president Donald Trump’s request for billions of dollars in border wall funding, which has resulted in over 800,000 workers left without pay, has seen Hyundai take the pressure off its affected customers by extending payment deadlines by 30 days.
The Hyundai footprint of 830 dealerships across the US requires affected consumers working within the government to contact Hyundai Motor Finance for the “Assurance” relief package as the brand aims to alleviate some of the economic stress forced upon them by Trump.
“Hyundai is a brand that aims to make things better for its customers and this is our way of showing customers ‘we have your back’ during this uncertain time,” says chief operating officer, Brian Smith.
“We recognize that there are many federal employees who are Hyundai owners and are not receiving their normal pay check,” he sympathises.
The shutdown began on December 22 at midnight local time and is just one week away from those 800,000-plus employees going a whole month without pay.
Other automotive repercussions in the US include the possible suspension of new car crash testing assessment by the National Highway Traffic Safety Administration (NHTSA), along with recalls and defects handled by the US government regulator.
The same goes for vehicle compliance testing, and licensing and registration handled by the DMV (Department of Motor Vehicles).
Big banks such as Wells Fargo and Chase are reversing monthly overdraft and service fees for government-employed staff, while Huntington Bank and the Launch Federal Credit Union are waiving account fees while offering low-interest loans to the affected, Forbes reports.
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