Is returning a vehicle due to a qualifying Hyundai Assurance benefit considered a voluntary repossession?
A. NO. The return of a vehicle resulting from a paid benefit is considered an early pay out of your loan or lease. It’s not considered a voluntary repossession and doesn’t adversely impact a consumer’s credit rating in any way. HOWEVER, RETURNING YOUR VEHICLE PRIOR TO BENEFIT APPROVAL WILL BE CONSIDERED A VOLUNTARY REPOSSESSION BY YOUR LENDER AND CAN IMPACT YOUR CREDIT SCORE NEGATIVELY.
