WALKAWAY cancels your car debt or makes payments when you can’t
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.
How It Works
You buy a car from a WALKAWAY dealer
You get one year of complimentary WALKAWAY coverage. Within 10 days of purchasing your car you can choose to extend your coverage for the full term with more benefits.
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.
You return your car without penalty
Depending on your coverage†, you can:
a. Return your car without penalty or damaging your credit rating.
b. Keep your car while WALKAWAY covers your payments.
†Coverage ranges from $7,500 to $25,000.
What you get with WALKAWAY
Help through the unexpected.
While most plans provide coverage for only one or two life events, WALKAWAY covers many, including loss of employment.
Coverage no matter what your situation.
Everyone qualifies regardless of age, health condition or employment record.
Protection and peace of mind.
WALKAWAY protects your finances, credit rating and your car.
Complimentary first year + extended coverage.
Your first year is already covered – compliments of your dealership. You can choose extended coverage within 10 days of purchasing your car.
View our extended protection plans.
Quick and easy claims. We’ll do everything it takes to help you when you need it most. Most claims are settled within 30 days.