Excess Wear & Use Loyalty Program

Introducing the Excess Wear & Use Loyalty Program
Effective December 1st, 2017

$500 Excess War and Use Loyalty Program
The new Excess Wear & Use (EWU) Loyalty Program waives up to $500 of EWU charges and will be applied to the customer's end-of-term bill when they finance or lease a new Hyundai through HMF. Excess Mileage or any other charges due are not eligible for the waiver. The waiver amount is capped as the lesser of $500 or assessed EWU charges. 

What Customers Can Expect on Notices and Billing Statements
Billing Statement: EWU charges on customer billing statements will automatically reflect the waiver (up to $500 will be deducted from the total EWU amount)

Notices: In certain states, EWU charges shown in preliminary customer notices will not reflect the EWU waiver. Customers should be instructed to wait until they receive their billing statement. 

Sample Billing Scenarios
Example 1: 
- Assessed EWU of $350 
- HMF would waive $350
- Billing statement would show EWU of $0 

Example 2: 
- Assessed EWU of $850
- HMF would waive $500
- Billing statement would show EWU of $350