It’s no secret that lenders are facing enormous losses thanks to the pandemic stopping the economy dead in its tracks. What’s interesting is the lengths they’ll go to make the dire problem seemingly disappear. Exhibit A: Credit Acceptance Corp., which makes car loans to borrowers with poor credit histories. Because …
Read More »Hyundai, Genesis offer temporary payment relief for job losses
LOS ANGELES — In response to coronavirus fears, Hyundai is relaunching its Assurance job-loss protection program for new vehicles, offering to make up to six months of payments for customers who buy or lease over the next six weeks through its captive financing arm. Genesis is offering a similar program. …
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