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Ford to Cover Car Payments If Buyer Loses Job
Topics:Transportation | Automobile Industry
Companies:Hyundai Motor Company | Ford Motor Company
Ford Motor says it is offering a payment protection plan to help reassure consumers who may be putting off a car purchase because of worries about losing their job.
The offer comes as auto sales have been battered by the recession and tight credit.
Ford [F
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] said Tuesday it will cover payments of up to $700 each month for up to a year on any new Ford, Lincoln or Mercury vehicle if consumers lose their jobs. The program runs until June 1.
Hyundai has been offering a deal that allows buyers to return a vehicle within a year if they can't make the payments due to a job loss or disability.
Dearborn, Mich.-based Ford is also offering zero percent financing on certain vehicles.
© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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