Used Cars Near Me: How Walkaway Works
Used cars near me and walkaway coverage and why you need it.
You buy a used car from
walkaway dealer
walkaway dealer
You get one year of complimentary WALKAWAY coverage. Within 10 days of purchasing your vehicle you can choose to extend your coverage for the full term with more benefits.
Something
unexpected happens
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 vehicle.
you return your
car without penalty
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
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 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.
