car without penalty
Depending on your coverage, you can:
- Return your car without penalty or damaging
your credit rating.
- Keep your car while WALKAWAY covers
Coverage ranges from $7,500 to $25,000.
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 vehicle’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.