Protect Your Savings
Total Loss Protection™ has your back.
Chances are, you have been involved in an auto accident or know someone who has. It’s a lot more common than you think and when it does happen, more and more vehicles are being written off or deemed a total loss today than ever before.
And, sometimes your primary auto insurance payout isn’t enough to cover the balance of what you owe to your financial institution – this shortfall is called the ‘gap’ and it’s increasing year after year amounting to several thousand dollars on average. This is where WALKAWAY Total Loss Protection™ can help. It reduces or eliminates this ‘gap’ altogether.
You may need Total Loss Protection if:
You are financing a vehicle for more than 60 months
You are rolling outstanding debt into your new vehicle purchase
Your downpayment is less than 20% of the value of the vehicle
You don’t know how long it will take to pay off the principal of your vehicle
What’s covered?
Up to $50,000 of a shortfall
Up to $1,000 primary insurance deductible*
$500 loyalty credit**
Up to 96-month terms
Loans or leases up to $125,000
Applies to new, demonstrators & pre-owned vehicles not used for commercial purposes
WALKAWAY Total Loss Protection™ is available at select WALKAWAY dealerships. Ask the dealership’s Financial Services representative for full details.
It’s smart and sensible protection for your finances. It’s available at select WALKAWAY partner dealerships. Ask your dealership’s financial services representative for full details.
* Deductible coverage applies on an approved claim only when the primary auto insurance payout does not cover the entire balance of the lease or loan
** The loyalty credit is paid directly to the originating dealership to reduce the sale price when a replacement vehicle is purchased after an approved claim