Hyundai launches New Zealand-first scheme

AutoTrader NZ
Published 3 September 2020

It follows the January launch of a similiar scheme for Hyundai in the US.

Defying the recession, Hyundai New Zealand sales have grown 4.47% year-to-date in an overall market that dropped 31.82%.

“The Assurance policy provides peace of mind and a safety net for our customers in these increasingly difficult times,” said Tom Ruddenklau, National Sales Manager for Hyundai Motors New Zealand.

Hyundai Assurance is free to all private individuals who finance a new or used Hyundai through a Hyundai dealer.

“We have been committed to New Zealand motorists for 27 years, and in that time they have put their trust in us. Launching Hyundai Assurance is a return of that trust and reaffirmation of our commitment to the New Zealand consumer,” Tom continued.

Hyundai Assurance works by providing cover should the car owner lose their income in the first year of buying their Hyundai. Their loan installments will be paid for up to three months while they seek new employment and if they’re unable to find new employment, the customer can simply return the vehicle to the dealership and walk away – no dramas, no embarrassment and no bad credit record.

Hyundai have partnered with locally-owned and operated MARAC Insurance Limited to deliver Hyundai Assurance.

Read the full terms, conditions and exclusions to Hyundai Assurance at