Following Hyundai’s lead, Ford and GM are now offering to pay for your car payments if you buy a Ford/GM and lose your job.
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General Motors says it will make car payments for some customers who lose their jobs.
The automaker’s new CEO Fritz Henderson says under GM’s new “Total Confidence” program, the company will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own.
Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30.
The news comes hours after rival Ford Motor Co. said it would take over customers’ payments of up $700 for a year in the event of job loss.
Henderson, formerly chief operating officer of General Motors Corp., replaced Rick Wagoner who stepped down Monday at the government’s request as the Detroit automaker seeks more federal aid.”
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Translation…
Dear Comrade Taxpayers,
(Those of you who still have income and are paying taxes….)…At your earliest convenience, please subsidize your soon-to-be-unemployed neighbor’s GM new car purchase! Heck, you’re already subsidizing their underwater mortgage, what’s another car payment to ya? Forget about saving for your own home or car purchase, spread some of the wealth and help your neighbor obtain the american dream before you do.
