GM, Ford roll out protection plans for car buyers

General Motors is following Hyundai and Ford in offering protection for car buyers who lose their jobs.

A plan announced Tuesday morning called Total Confidence offers up to nine payments of up to $500 each if a car buyer loses his or her job in the first 24 months after the purchase. The plan covers loans and leases.

GM also is offering a plan to help consumers whose cars lose their value after the purchase. This provides assistance if the outstanding loan balance is more than the car

By Greg Migliore