Added Value = Added Volume
In a crowded lending market, customers are bound to shop around for the best deal for both new vehicle purchases and refinancing. And, when everyone offers competitive interest rates, you need a significant value-added differentiator to separate you from the competition. By offering a complimentary WALKAWAY waiver with every new and used auto loan or lease, you’ll give customers a compelling reason to stop shopping around and start building a lasting and profitable relationship with your institution.
A proven program
Created and administered by EFG Companies, WALKAWAY® is the innovative program that inspired our award-winning Hyundai Assurance program*. With WALKAWAY protection, customers have the freedom to turn in their cars and walk away from up to $7,500 of negative equity with Complimentary or Standard coverage — or as much as $15,000 with Elite coverage — when qualifying life events like disability or involuntary job loss interrupt their ability to pay. This valuable safeguard helps financial institutions:
- Drive new auto loans by equipping prospective customers with a backup plan that boosts consumer confidence
- Differentiate loan products in a crowded market
- Open up a new stream of revenue by offering upgrade options
- Increase customer satisfaction and drive repeat business