WALKAWAY Job Loss Coverage

Life happens.  There are events in life that can be both planned and unplanned.  It's those that are unplanned that usually causes us the biggest stress: accidents, job loss. If you get in a car accident and can no longer work, you begin to worry about other debts that you may have.

Fortunately, when it comes to your vehicle, WALKAWAY can take some of that pressure off of you.

How It Works          

WALKAWAY actually gives you credit protection, and allows you to return your vehicle depending on the loss you have encountered. In addition, they will let you cancel from $7,500 up to $25,000 in debt.

With WALKAWAY, you can literally walk away from your debt based on a long list of health and employment reasons. Considering the first year of WALKAWAY is included with your ON Roads Protect purchase, it would be foolish to not try it out.

If you have any more questions about WALKAWAY, contact our Financial Services Department.

1. You buy a car from one of our Dealerships.

You get one year of WALKAWAY coverage when you take ON Roads Protect with your vehicle purchase. Within 10 days of purchasing your car you can choose to extend your coverage for the full term with more benefits.

2. Something unexpected happens.

You get sick, have an accident, become unemployed or experience another life-changing event and can no longer make your loan or lease payments on your car.

 

3. You return your car without penalty.

Depending on your coverage, you can:

  1. Return your car without penalty or damaging your credit rating.
  2. Keep your car while WALKAWAY covers your payments.

Coverage ranges from $7,500 to $25,000.

 

Why you need it.

Unless you have a substantial down payment or equivalent valued trade-in, your car loan or lease is always greater than the value of your vehicle throughout most of your term. This can leave you vulnerable should you hit an unexpected rough patch and no longer be able to make your payments.

WALKAWAY covers the difference between your car’s value and what you owe the financial institution – up to $25,000. It lets you ‘walk away’ without any impact to your savings or credit rating.