How it Works
You Buy a Car from Walkaway Dealer
You get one year of complimentary WALKAWAY coverage. Within 30 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:
- 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 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.
WalkAway Gives You Options
We know everyone’s needs are different. That’s why we have several plan options available. Compare features to find the plan that best meets your specific needs.
|Elite w/ 12 Payments||Estate Advantage||Standard PLUS w/6 Payments||Standard PLUS w/4 Payments||Standard||Basic||Complimentary|
|VEHICLE RETURN COVERAGE|
|Driving Restrictive Medical Condition1||x||x||x||x||x||x||x|
|International Job Transfer4||x||x||x||x||x||x|
|Critical Illness Requiring Hospitalization||x||x||x||x||x|
|Death Due to Critical Illness||x||x||x||x|
|PAYMENT RELIEF COVERAGE|
|Involuntary Unemployment||12 Payments||6 Payments||4 Payments|
|Physical Disability||12 Payments||6 Payments||4 Payments|
|Driving Restrictive Medical Condition1||12 Payments||6 Payments||4 Payments|
|International Job Transfer4||12 Payments||6 Payments||4 Payments|
|Accidental Death5||12 Payments||6 Payments||4 Payments|
|Self-Employed Bankruptcy6||12 Payments||6 Payments||4 Payments|
|Critical Illness Requiring Hospitalization||12 Payments||6 Payments||4 Payments|