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In a sign that it truly a social media era, Hyundai has announced a continued partnership with social savings site Motozuma.
Hyundai will continue to match a buyer’s down payment dollar for dollar up to $500 if the buyer uses their Motozuma account to provide the money down. The main proviso seems to be that the buyer must purchase a 2011 or 2012 vehicle. The exact wording from Hyundai is:
”Hyundai will continue to offer a dollar-for-dollar matching incentive up to $500 for a consumer that buys a new 2011 – 2012 Hyundai using their Motozuma account funds as a down payment. Hyundai matches the dollars and Motozuma acts as the facilitator of the down payment at the dealership.”
The use of a larger down payment improves a person’s chance of being approved for a second chance auto loan, exponentially. The more down, the more your chances increase. Hats off to Hyundai for helping to facilitate these loans and for the PR bonanza that it could create.