Car Payments to be covered by AutoNation for Job Loss Customers

For customers who lose their jobs a new incentive program got set up by AutoNation Inc. which covers up to six months of car payments on novel/used cars. President of AutoNation Inc. mentioned that all the car payments will be covered by the Payment Protection till the buyer gets a new job.

He stated that it’s all particularly apt issues in this environment where there are in fact two big issues in retailing i.e. consumer confidence and availability of credit and this is the one which attacks the issue of consumer confidence.

This program is more/loss similar to the Korean automaker Hyundai Motor Co., which costs nothing for the customer and which makes the customer comfortable and comes as US auto sales went down to 9.3 million units on an annual basis, a 27 year low in the month of January and February. He also mentioned that today it got launched up at33 South Florida dealerships excluding all the business purchases and this may get launched nationwide.

At the year of purchase all car expenses like vehicle loan/lease will be provided by the AutoNation which owns and functions 313 new vehicle franchises in 15 states. There is first 90-day waiting period and the worker must be unwillingly terminated by the employer.