Ford Paying for 12 Months of Car Payments If You Lose Your Job

Unlike Hyundai’s Assurance Plus plan, the Ford plan will not include buying back the vehicle with no loss in equity. GM is also announcing an assurance plan this morning, which we will report on as soon as the details are available.

Ford’s plan, called the Ford Advantage Plan, will run through June 1. New cars coming out before June 1 include the Ford Fusion, Fusion Hybrid and Mustang. Lincoln’s new MKZ and Mercury’s Milan are also out now. It’s unclear if the new Ford Taurus and Lincoln MKT will be on sale before this deal expires. The new Ford F-150 could actually see the biggest sales boost with such a plan.