Less than a week into the government shutdown the effects are already being felt through the auto industry, as Hyundai has announced in a press release a new loan deferment program for furloughed employees and the NHTSA said online content won’t be updated during the closure.
Hyundai’s latest addition to its Assurance program, which helped put the automaker on the map during the early years of the great recession by offering similar deferment options, extends all auto loan and lease payments for Hyundai owners affected by the furloughs during the shutdown. In addition, government employees who want to buy a new Hyundai in October can defer payment for 90 days if they purchase or lease through Hyundai Finance America.
Nissan also announced that it will allow furloughed workers to defer their car payments by as much as 90 days. “Our customers’ needs are the No. 1 priority at Nissan, which is why we have this program available on an ongoing basis,” Nissan Motor Acceptance Corp. president Mark Kaczynski said in a statement.
Meanwhile, the government-funded NHTSA has posted notices on its websites stating that online content, including recall notices, won’t be updated regularly “due to a lapse of Federal Government funding.” Users can still search for existing recalls and file complaints of safety defects, but the agency won’t be able to investigate new complaints until funding returns.