Three-to-six MONTHS? That's fantasy. "Indications" (and many financial experts) are that we're already in a "recession," which probably will worsen. In any event, "recovery" will take years.

 

That's why we see so many statements like Genesis's, putting it in writing. We don't? I guess all those "any" lenders are too humble to let it be known how responsibly and unselfishly they are responding to the pandemic.

 

Unprecedented in this country? In 1918, a devastating strain of influenza emerged (the "Spanish" flu). Millions died worldwide from it. More Americans died of the flu over the next few months than were killed during the First World War, the Second World War, the Korean War, and the Vietnam War combined. There have been two more since 1918—the Asian flu, of 1957, which killed seventy thousand Americans, and the Hong Kong flu, which killed thirty-three thousand during the winter of 1968-69.


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No, I wasn't comparing typical manufacturer/dealer ad-campaigns (which find almost any excuse in the book) to today's global-pandemic. As you note, that's clearly a case of Apples and Oranges. You obviously can't have a "sale" if customers can't come (or are afraid to come) to the dealership. In fact, in some countries, there is an almost total lockdown short of grocery-buying. Many of us, here in the D.C. area, are already more or less following that policy. The roads around here haven't been this free of traffic, that I can remember, since the 1960s, when I was growing up.

 

Genesis is marketing this to sell cars. Note they arent saying "any Genesis owner" can have this, is only people who buy during the crisis. Its a marketing ploy to get people to buy even though they may be afraid of losing their jobs. Don't be so naive to think Genesis is trying to help people here lol

All lenders will work with good customers in bad situation by postponing payments, forbearance, etc. They dont advertise it of course because that would invite people to default.

1918 was over 100 years ago, thats not a modern example. Name another time when the country and the world has been on lockdown like this and the economy basically halted for an open ended period of time, ever? This is absolutely an unprecedented situation. Its not about the number of people who die, its about the overall situation.

 

You are a master at changing what you said when it is shown to be incorrect. In this case, "all" lenders--which is not true, as a friend learned when he checked with his mortgage holder, and "unprecedented."--which means "never before." You now change it to "modern."

 

I stand by what I said. If you call a lender and tell them "I cant make my payment" they will work with you. Assuming you aren't somebody who has been delinquent on payments before. If your friend has a solid payment history and he says "I cannot make the mortgage payment" they will help him.

And this is obviously unprecedented, the world didn't operate the way it does today in 1918, and the bulk of what is shut down didn't even exist in 1918. What is happening right now has never happened in the US before.

 

I don't believe Genesis will make it in the US after this event. I think you will see Hyundai Genesis naming structure return. But it is good that they are offering the 6 month waiver.

 

Genesis will be fine. The cars are sold in the same dealerships, having a different name doesn’t cost them anything.