Hyundai offers big warranty on certified pre-owned vehicles

Hyundai has just announced a new Certified Pre-Owned Limited Warranty on used (sorry, "previously owned") vehicles that are up to five years old and have less than 60,000 miles. Known for being the first to offer a 10-year/100,00 mile powertrain warranty on its new cars, Hyundai will now be including that same lengthy coverage with the purchase of a CPOV.

Hyundai's original 10-year/100,000 mile powertrain warranty really forced the automaker to improve the quality of the cars it builds, otherwise the cost of warranty repairs would have put it out of business. That warranty first began around Y2K, so any vehicle that qualifies for Hyundai's new Certified Pre-Owned Limited Warranty was originally sold with its new car warranty. The new 10-year/100,000 mile powertrain warranty for pre-owned vehicles demonstrates that Hyundai is clearly confident in the cars it built back in 2002.

[Source: Hyundai]


PRESS RELEASE:

HYUNDAI ANNOUNCES ENHANCED PRE-OWNED PROGRAM WITH AN INDUSTRY FIRST, 10 YEAR/100,000 MILE POWERTRAIN WARRANTY

FOUNTAIN VALLEY, CALIF., 05/30/2007 Hyundai Motor America today announced an industry first with its new Hyundai Certified Pre-Owned Limited Warranty, boasting a 10-year/100,000 mile powertrain warranty on used vehicles going back five model years with less than 60,000 miles. The enhanced pre-owned program and pre-owned warranty provides buyers with an added level of comfort and satisfaction with their vehicle purchase. The enhanced pre-owned program was launched to Hyundai dealers in May 2007, with warranty being effective from date of original sale. Hyundai's enhanced Certified Pre-Owned vehicle program will provide buyers with:

· Powertrain 10 year/100,000 mile warranty
· 150-Point Inspection
· $50 deductible
· Vehicles up to five model years old with less than 60,000 miles are eligible
· Roadside assistance
· Rental car coverage (up to $35/day for up to 10 days)
· Towing coverage (up to $75 per occurrence)
· Travel breakdown coverage (up to $375 per occurrence) · Diagnostics
· Related damage for specific parts
· Fluids
· New car financing rates through Hyundai Motor Financing Company

"We are very excited to launch an industry first," said Kimberly Walker, Hyundai Motor America's national manager of Assurance Products. "Hyundai's new vehicles feature America's Best Warranty™ and adding the same level of value to our pre-owned vehicles is just another example of how Hyundai stands behind their vehicles."

Additional options available to the Certified Pre-Owned Limited Warranty include service contracts such as the Hyundai Certified Pre-Owned Wrap Contract which raises the comprehensive coverage on non-powertrain components, Hyundai Vehicle Care Maintenance Program and Hyundai Road Hazard Tire and Wheel option.

Hyundai Motor America is working with Jim Moran & Associates, Inc. and its affiliated companies comprising the JM&A Group on this industry first, enhanced certified pre-owned program.

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 750 dealerships nationwide.