GM and Ford Offer New Hyundai-Style Protection Plan for Buyers

In an attempt to 'jump-start' sales and encourage people to enter the new car market, General Motors and Ford Motor Company decided to follow in the footsteps of Hyundai by announced today the launch of new protection plans that offer to make payments to customers that lose their job.

Specifically, GM's "Total Confidence" plan provides up to nine months of payments on vehicle loans or leases ($500 max/month) if buyers lose their job for economic reasons, while Ford's "Advantage Plan" will cover payments for up to 12 months on any new Ford, Lincoln or Mercury vehicle if customers lose their jobs.