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Ford, Hyundai and GM Offering Relief to Unemployed Consumers

By Christopher Jackson
Manufacturers are looking for ways to keep you in your fresh new ride if you lose your source of income.

Credit concerns and a falling economy led quickly to a collapse in car sales, as consumers wisely delayed new-car purchases in the face of an uncertain job market. There’s nothing worse than committing yourself to a new-car payment and then losing your job, after all. The rapid depreciation of new cars can make it nearly impossible to get out from under a loan you can no longer afford, and savvy car shoppers are staying away.

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