Genesis will make your car payments...

[BadTrainDriver]

Who knows! Also, if you read it carefully, it also implies that you need to HAVE Covid-19 to qualify.

No it doesn't.

 

[PMCErnie]

Yes.

Here it is again for you to read.

Up to 6 months of payments available to the buyer of any new Genesis model financed or leased at participating retailers only through Genesis Finance between March 14 and April 30, 2020. Payments up to $600 per month (and $3,600 per 6 month period) are available for loss of job caused by COVID-19 through December 31, 2020.

How do you define loss of job?

I’ll believe this when we hear reports that somebody actually collected this money.

 

[BadTrainDriver]

How do you define loss of job?

I’ll believe this when we hear reports that somebody actually collected this money.

I honestly don't know, and hope I don't have to find out. I understand how it seems to be a pretty broad statement.

 

[EdP]

Who knows! Also, if you read it carefully, it also implies that you need to HAVE Covid-19 to qualify.

I don't see that. From the web site: " for loss of job caused by COVID-19" Caused by means exactly that. The company shut down because of it so you are out of work. If it said "if caused by flood" would you think you had to be standing in the water?

 

[PMCErnie]

I don't see that. From the web site: " for loss of job caused by COVID-19" Caused by means exactly that. The company shut down because of it so you are out of work. If it said "if caused by flood" would you think you had to be standing in the water?

What your definition of “losing your job?“

 

[EdP]

I honestly don't know, and hope I don't have to find out. I understand how it seems to be a pretty broad statement.

You can be sure this was not done on a whim. Actuaries and statisticians came up with projected cost and possibly bought insurance. Just as you see furniture dealers offer: if it snows on Christmas day your purchase is free.

 

[EdP]

What your definition of “losing your job?“

You no longer have that job through fired or lay off. Business closed or shut down or services not needed, no more pay check. Same as the unemployment office uses.
To clarify, due to Covid-19. Such as a closed non-essential business or reduced staffing.

 

[Mcc]

Who knows! Also, if you read it carefully, it also implies that you need to HAVE Covid-19 to qualify.

It doesn’t imply that. You inferred it. Just a job loss caused by Covid. That could mean any change in economy caused by Covid that let to the loss of your job.

 

[Julius88]

It's admittedly confusing because there are multiple variations. My take is that for people who have purchased or leased a Genesis between 14-Mar to 30-Apr, you can qualify to have Genesis make up to 6 months of payments if you experience job loss due to COVID-19. Without access to the actual legal terms and conditions, it sounds like the payments are actually made for you, not just deferred. I don't think you actually need to contract COVID-19 to qualify.

For existing owners who have financed or leased through Genesis (but the purchase or lease did not take place between 14-Mar-2020 to 30-Apr-2020), then you can qualify for up to 3 months deferred payments if experiencing a job loss or medical hardship due to COVID-19. So these payments are not absolved. Perhaps this is the situation that someone posted about earlier in this thread about payments just being tacked on at the end rather than actually being absolved.

 

[Mr. Incredible]

What your definition of “losing your job?“

85% people at my company have lost their job as a result of Covid-19. We had to lay off everyone that works in our warehouse distribution center and retail stores because of county and state shelter in place orders. None of them have Covid-19. I got lucky as I am considered an essential to the business employee. Out of 190 employees only 8 of us aside from the owner and CEO are still employed, and only to be sure the business survives and can reopen.

our retail stores by State (several) orders will be closed until at least May 1 if not longer, and as a result of the Covid-19 Care Act our company decided to lay off prior to the care act going into effect (read up on this piece of government overreach). It essentially says that the employer must pay any active employee up to 12 weeks full pay if they or a family member have Covid-19 or if there is an active stay at home order by local, state or federal authorities.

as a result of this “care act” 10 million plus people have lost their jobs. it went into effect April 1, so many companies paid off their workers prior to April 1. This is a direct result of the Covid-19 pandemic.

______________________________

Help support this site so it can continue supporting you!

 

[PMCErnie]

A lay-off isn’t necessarily a job loss. That’s the point. Time will tell.

 

[PMCErnie]

You no longer have that job through fired or lay off. Business closed or shut down or services not needed, no more pay check. Same as the unemployment office uses.
To clarify, due to Covid-19. Such as a closed non-essential business or reduced staffing.

What qualifies as a job loss according to Genesis? You seem to think you know.

 

[Julius88]

our retail stores by State (several) orders will be closed until at least May 1 if not longer, and as a result of the Covid-19 Care Act our company decided to lay off prior to the care act going into effect (read up on this piece of government overreach). It essentially says that the employer must pay any active employee up to 12 weeks full pay if they or a family member have Covid-19 or if there is an active stay at home order by local, state or federal authorities.

as a result of this “care act” 10 million plus people have lost their jobs. it went into effect April 1, so many companies paid off their workers prior to April 1. This is a direct result of the Covid-19 pandemic.

I'm not sure what you're referring to - are you talking about paid sick leave rights? I'm not seeing how this is a bad thing. Nor how the FFCRA and CARES Acts are government overreach. It's the government's responsibility to keep the economy going. You may not agree with the particulars of how they're doing it, but that doesn't make it overreach.

Second, I don't think the paid sick leave rights provided by FFCRA made companies lay off their employees because they didn't want to have to pay sick leave. Companies laid off workers because business had slowed or outright stopped. I don't think a company that still is able to retain all or most of its business is just going to lay off workers because they don't want to pay 12 weeks of paid sick leave if someone gets sick. That wouldn't make sense. Also, if a business needs help paying salary or leave for the employees it retains, there is the Paycheck Protection Program provided by the CARES Act. Though the finer details of both of these Acts are still being clarified.

 

[EdP]

What qualifies as a job loss according to Genesis? You seem to think you know.

If you no longer get a pay from Covid-19. That is the intent of the offer. Any of the TV lawyers would grab a denied case or class action if they did different.

 

[PMCErnie]

If you no longer get a pay from Covid-19. That is the intent of the offer. Any of the TV lawyers would grab a denied case or class action if they did different.

I think you are speculating. Any such offer has plenty of fine print outlining the details, qualifications, etc.

 

[EdP]

I think you are speculating. Any such offer has plenty of fine print outlining the details, qualifications, etc.

So you think it is false advertising? I'm sure they want some evidence you lost your job legitimately but it is pretty plain what they say on their web page. If you have some other evidence I'd like to see it or you are speculating.

 

[Mcc]

Who knows! Also, if you read it carefully, it also implies that you need to HAVE Covid-19 to qualify.

I think you are speculating. Any such offer has plenty of fine print outlining the details, qualifications, etc.

I think you are speculating about the intent of the offer

 

[joschneider]

I think we’re all speculating that’s the point tho? Why did they have to make it so vague, when it’s supposed to be a gesture of goodwill in these times

 

[Mcc]

I think we’re all speculating that’s the point tho? Why did they have to make it so vague, when it’s supposed to be a gesture of goodwill in these times

Everything is vague until it is tested in a particular case and then it is clear in that case only.
if they write to much one worries they are hiding something by creating a loophole, if the write too title they are vague.

 

[EdP]

I think we’re all speculating that’s the point tho? Why did they have to make it so vague, when it’s supposed to be a gesture of goodwill in these times

What part is vague? Covid-19 causes job loss, they make some payments.
From the web site: " for loss of job caused by COVID-19"