Hyundai, Ford and GM have announced programs in which they will make your car payment for you if you lose your job. Hyundai was the first company to offer this kind of incentive as they announced their program back in January of this year.

Here are the basics of each companies program:

• Hyundai's "Assurance": Hyundai will make your car payments for three months after you have lost your job.

• Ford's "Drive One": Ford will make payments for 12 months of $700 or less.

• GM's "Total Confidence": for nine months GM will make payments of $500 or less.

I'm sure there are a couple of catches with each program. One stipulation is you can't be fired from your job because you did something that warranted you getting canned and still qualify. You have to lose your job due to the natural causes of the economy.

It seems like Ford and GM are doing all they can to try and sell some cars. Good timing with the news regarding GM being mostly about them staying one step ahead of bankruptcy. I think these programs might be able to sell a couple more cars.

But my question is- if you are worried about losing your job in the next couple of months, why are you looking to buy a car? Don't forget you're still going to have to make your car insurance payments even if the company picks up your monthly car payment.