WALKAWAY® for Auto Dealers
A vehicle return program for the real world
There’s no denying the economic realities that many customers
face today. Consumer debt is at an all-time high. Negative equity
is rampant. Downsizing is a fact of life. And health issues and
expenses are constant concerns for an aging population. WALKAWAY
acknowledges these realities, providing participating auto dealers
with a proactive way to:
- Manage risk by adopting a strategy that decreases repossessions
and collection costs
- Strengthen margins and profitability by enhancing loan volumes
and offering upsell products
- Differentiate your offerings, thereby retaining and attracting
new customers
- Close more sales by increasing peace of mind among your
prospects
- Enhance customer satisfaction without increasing dealer
risk
- Preserve customer’s credit for future purchases from your
dealership
- Increase customer satisfaction and drive repeat business
Strong demand
According to recent market research, 63 percent of respondents
admitted they are not confident about their job security — and 100
percent said the availability of a vehicle return program would
have a significant impact on where they choose to finance their
next vehicle. WALKAWAY provides the critical backup plan consumers
are looking for.
At your dealership, protection comes standard
When a covered life event like job loss or physical disability
occurs, WALKAWAY gives your customers the option to return their
vehicles and simply walk away — with no negative impact to their
credit. WALKAWAY protects your valuable customer relationships and
positions you as an ally when vehicle return is the only
option.
Walkaway for Auto Customers
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Covered Circumstances
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Complimentary $7,500
12 Months
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Standard With Payment Relief $7,500 18
Months
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Standard $7,500
up to 84 Months
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Standard With Payment Relief
$7,500
up to 84 Months
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Elite $15,000
up to 84 Months
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Elite With Payment Relief $15,000
up to 84 Months
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Freedom to Return Your Vehicle
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Involuntary Unemployment
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Physical Disability
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Loss of Driver's License
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International Employment Transfer
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Self-Employed Personal Bankruptcy
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Accidental Death
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Temporary Job Loss
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Mental Disability
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Critical Illness
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Death Due to Critical Illness
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Freedom to Keep Your Vehicle
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Payment Relief — Involuntary Unemployment
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2 Months* |
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3 Months* |
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6 Months** |
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Payment Relief — Physical Disability
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2 Months* |
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3 Months* |
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6 Months** |
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Payment Relief — Mental Disability
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6 Months** |
Additional Program Features
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Rollover Deficiency Protection on
Loan/Lease
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No Age Limit
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No Health Questions
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No Employment Questions
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* Includes coverage for one 90-day period
** Includes coverage for two 90-day periods
This represents a summary of coverage and is not a contract or
part of the WALKAWAY agreement. Coverage may vary by state.
Please consult the waiver or policy for complete details.
