Long & Foster Real Estate Inc. has rolled out a program designed to help pay a buyer’s mortgage for up to six months if the homeowner loses a job.
Click on the title to read the whole article. It was really just a matter of time until someone borrowed this idea from the auto industry.
That new Saturn commercial seems like a low blow doesn’t it? Hyundai comes out first and says that if you buy one of their cars and lose your job, they will buy the car back at full price. Not a bad deal. Then Saturn comes out with a program where if you buy a new Saturn and lose your job, they will cover your payments for six months. Even better deal. But did Saturn really have to trash the Hyundai offer? The Saturn commercial mentions the Hyundai deal and says something like, “You lose your job and then you have to give back your car? Sounds like the worst day ever.” Come on, Hyundai isn’t the bad guy here. If you just lost your job, you probably shouldn’t be paying on a new car. Maybe someone should start a program where you bring your new car back and get a free year lease on a ‘94 Jetta.
